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BRIEFING: Chile presents draft ETS timeline, floats carbon border tariff
The Chilean government released a draft climate change plan for the energy sector late on Friday for public consultation, proposing an ETS pilot and broaching a carbon border adjustment mechanism. Read MoreTop
US oil major’s latest CCS partnership to cut 500k tonnes of CO2/yr from fertiliser production
An oil and gas producer announced on Thursday its second carbon capture and storage (CCS) deal with an ammonia producer aiming to reduce up to 500,000 tonnes of CO2 per year at a US fertiliser plant. Read MoreTop
European utilities report drop in thermal power output, increased renewables generation
Multiple Europe-headquartered power generation firms reported a drop in EU ETS-covered output in quarterly results this week, while their renewable energy output soared. Read MoreTop
Launch of global coalition focused on hitting 2030 climate goals
A global climate coalition focused on the urgent delivery of the world’s 2030 climate goals, endorsed by top climate figures, officially launched on Friday. Read MoreTop
Euro Markets: EUAs post first 5-day gain in three weeks amid stronger energy while UKAs extend decline
European carbon recorded its first five-day gain in three weeks on Friday as prices moved higher in the wake of stronger natural gas and power markets though some traders were unconvinced at the strength of the rally, and UK Allowances posted a fourth weekly decline. Read MoreTop
French startup set to be first in Europe to sell cultivated meat
A French food startup submitted an application to the European Commission for what would be the first ever sale of cultivated meat in the 27-country bloc. Read MoreTop
US appeals court rejects EPA denials of small refinery biofuel waivers
The US Environmental Protection Agency's (EPA’s) 2022 decision to deny small refinery waivers under the Renewable Fuel Standard (RFS) was rejected in a federal appeals court Friday. Read MoreTop
EU's projected fuel price increase from ETS2 'optimistic', refiners say
Motorists should brace for higher fuel prices at the pump than initially foreseen when the EU fully applies its Emissions Trading Scheme (EU ETS) to road transport and heating fuels in 2027, the EU’s refiners association told Carbon Pulse in an exclusive interview. Read MoreTop
Barclays calls on UK govt to address £1.5 bln gap for growth-stage climate tech
UK bank Barclays has urged the government to plug the £1.5 billion funding gap for growth-stage climate technology companies, which it says is key to the country meeting its net-zero ambitions and scaling up the technologies to get there. Read MoreTop
Profits up at BECCS developer Drax as it continues to await UK subsidy decision
British power company Drax saw profits rise 37% in H1, as the bioenergy with carbon capture and storage (BECCS) developer continues to await a decision from the UK government on extending the subsidy regime. Read MoreTop
ACX delists nature-based carbon credits contract, removes ratings
AirCarbon Exchange (ACX) issued a notice it has delisted a nature-based carbon contract from its facilities, effective June 30. Read MoreTop
EU countries released 5 mln additional free EUAs in two weeks, data shows
EU member states made scant progress in the annual issuance of free EUAs to industry over the last fortnight, with two countries adding just 5 million units to the total number of permits issued since the European Commission published its first report two weeks ago. Read MoreTop
Mangrove conservation efforts gaining traction, report finds
Efforts to conserve mangroves are building momentum, but significant funding from insurance, philanthropy, and carbon is still needed to achieve international objectives, according to a report released Friday. Read MoreTop
CN Markets: CEAs climb back to 90 yuan amid healthier volumes
CO2 allowance prices in China’s carbon market climbed above the 90 yuan ($12.41) level again over the past week amid improved liquidity, as market continue to await news on the permit supply outlook. Read MoreTop
