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WCI Markets: Lawmakers' support for ETS extension boosts CCAs, but scepticism lingers
A joint statement released by California's governor and lawmakers supported California Carbon Allowance (CCA) prices that were dampened after the federal government announced intent to terminate state-level ETS, but overall market sentiment remained wary in the absence of clarity surrounding the future of the scheme. Read MoreTop
INTERVIEW: Canada’s Green Party centres affordability, sovereignty in climate-oriented election bid
The Green Party of Canada would re-establish Canada’s carbon tax, given a chance at the helm, though the group’s co-leader said she hopes to broaden support for climate action beyond its environmental benefits. Read MoreTop
Germany steps away from hydrogen towards CCS for new gas fleet
Germany plans to move away from a focus on hydrogen to decarbonise industry, with carbon capture and storage (CCS) now on the menu as the new government pushes forward with gas-fired power plans. Read MoreTop
Kenya could raise $170 mln from Article 6, say analysts
Kenya could raise $170 million from the sale of carbon credits under Article 6 of the Paris Agreement, according to analysis by a carbon market data aggregator. Read MoreTop
UK throws weight behind VCMI and ICVCM as it backs using voluntary credits to mitigate Scope 3 emissions
The UK government has thrown clear-cut support behind a company using high quality avoidance voluntary credits to meet Scope 3 indirect emission targets, as it steps into the void left by the opposition from the Science Based Targets initiative (SBTi), as well as the election of a climate sceptic US president. Read MoreTop
Key Parliament group demands cost-benefit analysis of EU’s Green Claims Directive
Lawmakers from the ruling European People's Party (EPP) in the EU Parliament have requested an impact assessment of the bloc's Green Claims Directive, which seeks to regulate climate allegations that companies are allowed to put in front of consumers. Read MoreTop
Washington discusses electric utlitity allocation adjustments under cap-and-trade programme for 2026
Washington’s Department of Ecology (ECY) on Thursday detailed its initial considerations related to no-cost allowance allocations for electric utilities under the state’s cap-and-trade programme as it prepares to finalise adjustments by October this year. Read MoreTop
Carbon price critical to making low-carbon steel competitive, ArcelorMittal says
Supportive policy and a global price on carbon will be critical to making low-carbon steel production competitive, according to steelmaker ArcelorMittal, which reported on Thursday that it had almost halved its emissions footprint since 2018. Read MoreTop
Auditors need to take better account of company climate risks, think tank says
Auditors need to fully consider and disclose information on climate-related matters in their reports, a think tank warned on Thursday, based on an analysis of audits for more than 100 "carbon exposed" companies. Read MoreTop
Just 2% of companies demonstrate top environmental leadership in 2024, finds disclosure platform
Only 2% of the more than 22,700 companies assessed in 2024 achieved the highest rating for environmental transparency and action, according to new data released Thursday by a climate disclosure non-profit. Read MoreTop
Article 6 must break free of old paradigms to succeed, say experts
The new carbon market logic under Article 6 of the Paris Agreement must be about cooperation, not just offsetting, according to an expert report circulated on Thursday. Read MoreTop
Euro Markets: EUAs post weekly gain as traders book profits ahead of extended Easter break
European carbon prices dropped away on the last trading day before the Easter break, but ended the week up 1.7% as the market squared its books ahead of the four-day break and some participants booked profits after a 9% rally over the last six days. Read MoreTop
US agtech firm approaches 1 mln credits issued in fourth carbon crop
A US-based agtech firm has completed its fourth carbon crop, which more than doubles its post-buffer pool offset supply and brings its total volume of carbon credits issued to nearly 1 million, the company said Wednesday. Read MoreTop
New project to test seaweed's role in improving crop yields and soil health
A new research project will assess sugar kelp's ability to improve soil health and crop nutrient efficiency in partnership with a Scottish research institute. Read MoreTop
