A carbon removal registry has issued the first independently verified ocean alkalinity enhancement (OAE) credits, it said Monday.

A France-based developer has claimed to have registered a new clean cooking project with Gold Standard that is Core Carbon Principles (CCP)-aligned, with the first issuances set for next year.

A London-based firm has launched a non-fungible token (NFT)-based carbon credit exchange in the Isle of Man, it announced Monday.

Sweden is scrutinising national commitments to the Paris Agreement as it parses out where to pursue bilateral carbon trading agreements under Article 6.2 – with an eye to avoiding both a lack of ambition, and over-ambition, according to a government official. 

The European Commission has closed infringement proceedings against five EU member states for failing to transpose the EU’s Emissions Trading Scheme for road transport and heating fuels (ETS2) into national legislation.

Governments should ramp up efforts to strengthen coordination between climate and biodiversity plans, as failing to do so risks undermining the achievement of national environmental targets, a report has said.

Printing clean - The Carbon Trust and TransitionZero have announced a new partnership, Greenprint, which is designed to help governments in developing economies and emerging markets deliver secure, affordable, and fully decarbonised power systems by 2050. Greenprint has four stages: power sector systems and scenario development, economic modelling and insights, policy and regulatory assessments and recommendations, and capacity building and planning. This systems-led approach is designed to set out routes to clean energy that are technically sound, economically feasible and socially inclusive, supporting just transition principles and local job creation, the organisations said. In parallel to engaging with prospective pilot countries ready to address the challenges they face in transitioning to net zero, the Carbon Trust said it is also in discussion with potential financial and philanthropic organisations interested in funding the work.

The Science Based Targets initiative (SBTi) is encouraging businesses to take part in a pilot programme to trial the proposed draft revisions to its Corporate Net-Zero Standard, the standard setter announced Monday.

EU carbon prices were slow to match the gains in other energy markets on Monday morning, as early selling interest drove prices lower even as natural gas advanced nearly 3%, before EUAs moved back into positive territory late in the session, with some participants describing carbon as "tired" and the weakest component of the energy complex.

Grangemouth hope – The UK’s energy minister Michael Shanks said he was hopeful that the Grangemouth oil refinery in Scotland will find new investors soon, the BBC reported. According to Shanks, more than 80 potential investors have come forward since the UK Government pledged £200 million for the site, and public authorities are now looking for another £600 mln from private investors. Speaking to the BBC, Shanks said he hoped the government will have “some really positive announcements to say soon”. (BBC)

Utility hedging of EUA exposure is recovering to near-normal levels after 2022’s period of high energy price volatility, while airlines are starting to take a more active role in managing their compliance risk, but industrials are still showing a mixed response to the onset of reduced free allocation, according to new analysis.

EU losing its eSAF mojo – The European Union risks losing its lead on developing a market for e-kerosene, according to a new report by Transport and Environment (T&E), a green campaign group. Europe’s early lead in the e-kerosene market has been driven by the EU’s law on sustainable aviation fuels (SAF), ReFuelEU, which set specific targets for using e-fuels in aviation. If all the announced projects were built, the EU could meet these targets – but none of the large-scale plants identified by T&E are even under construction. Only four are at an advanced stage, and none have reached a final investment decision (FID). According to T&E, this slow progress is due to an array of challenges, with financing posing the biggest barrier, and traditional fuel suppliers being notably absent from the conversation.

The Netherlands has expressed doubts about using international credits delivered under Article 6 of the Paris Agreement to meet the EU’s climate goals, saying the bloc’s upcoming 2040 target should be met domestically.

Bonn chance - The UN's dwindling budget, the global roadmap to $1.3 trillion per year of climate finance, the international work programme for mitigating climate, and the Global Goal on Adaptation are at the top of the agenda for climate negotiators meeting in Bonn over the next 10 days, UNFCCC Executive Secretary Simon Stiell said on Monday morning, opening the intersessional, SB 62. The UNFCCC has found "significant cost savings and efficiencies" in its budget to deliver on its growing mandates, but it's not a sustainable approach, Stiell said, urging countries to address them during the Bonn negotiations. The meeting should also deep-dive into the Baku to Belem Roadmap to $1.3 Trillion, making it a how-to-guide with clear next steps, he said.

Some 32 billion tonnes of CO2e would be kept in the ground if just four countries abandon their oil and gas expansion plans for the next decade, according to an analysis published Monday.

Switzerland and Norway are to formally sign a CO2 storage agreement early this week, as both countries seek to strengthen their positions as among the first-movers in scaling cross-border carbon finance deals.

Some marine CO2 removal (mCDR) methods could significantly exacerbate oxygen loss in the world’s oceans, a new study has warned.

A total of 63 oil and gas fields in development worldwide could emit over 2 million tonnes of methane annually from their production activities before 2030, resulting in a far greater impact than initially thought, new analysis shows.