- Tue 12:23European carbon allowance prices slumped on Tuesday morning as bullish risks appeared to recede for EUAs, while oil and gas prices advanced amid the continuing conflict between Israel and Iran, and some traders suggested EUAs had reached the top of their current trading range.
- Two project developers in different sectors of the durable carbon removal (CDR) market are collaborating to advance circular CO2 utilisation, they announced Tuesday.
- Tue 11:46A group of companies has launched an alliance to expand nature-positive efforts within the private sector, including through promoting the development of nature credit markets.
- Tue 11:18Tapping into ETS2 - European Commission officials have suggested using some of the revenues raised via the new emission trading system for heating and transport (ETS2), due to come into force in 2027, to help plug holes in the EU's overall budget, the Financial Times reported. The idea is facing significant opposition from factions within the commission as well as member states, as they fear it could stoke resentment against the EU and play into hands of climate-sceptical right-wing politicians.
- Tue 11:04Carbon emissions from the global oil market will peak in 2027, earlier than peak demand, as the petrochemical sector becomes the dominant source of growth, according to the International Energy Agency (IEA).
- Tue 10:57Yes to Russian gas - The EU should be open to restarting gas imports from Russia if a peace deal is brokered, the Austrian energy minister told the Financial Times. Other than Hungary or Slovakia, no other EU member state had previously suggested resuming Russian gas imports once the war is over. The European Commission on Tuesday is set to propose banning any new gas contracts with Russia and terminating existing ones over the next two years, regardless of peace talks.
- Tue 10:53Australia on Tuesday launched a sustainable finance taxonomy, establishing a classification system designed to channel private capital towards green investments, notably agricultural decarbonisation measures such as biochar application and carbon credit generation.
- Tue 10:31Energy Aspects has hired Shell’s lead carbon markets analyst as its new head of environmental products.
- Tue 09:07Two years after a sweeping complaint against European airlines for misleading environmental claims, consumer advocates say greenwashing remains widespread in the aviation sector, despite regulatory pressure, national court rulings, and some changes to airline marketing practices.
- Tue 08:34Soil carbon - The Watson Carbon Project in northern New South Wales has been issued 5,585 Australian Carbon Credit Units (ACCUs), making it one of the first soil carbon projects in the New England region to generate credits. The regenerative grazing project boosted cattle carrying capacity by 50% and invested in 120 adaptive paddocks, claimed project developer Agriprove. Soil carbon credits have been slow to materialise in Australia due to measurement and methodology challenges, despite hundreds of projects being registered.
- A global tech company and a carbon removal (CDR) provider have entered into a “multi-million-euro” partnership to remove 37,000 tonnes of CO2 by 2034.
- Tue 06:18Too ambitious - Indonesia’s Forestry Minister Raja Juli Antoni has called for a more realistic net sink target for the Forestry and Other Land Use (FOLU) sector in the country’s upcoming second NDC, Bisnis Indonesia reported. Speaking at an event on the preperation of the NDC on Monday, he said the 2035 target must account for national priorities such as food security and bioenergy. The current Enhanced NDC sets a 2030 FOLU absorption target of 93.7-119.9 MtCO2e, which Raja Juli described as ambitious.
- Tue 06:10An Australian climate fund has reached its first close, boosted by two new investments totalling A$30 million ($19.6 mln).
- Tue 05:51The Australian Renewable Energy Agency (ARENA) has granted almost A$20 million ($13.05 mln) to the developers of NeoSmelt, a new and cleaner iron-making process set for pilot launch in 2028 in Perth.
- Tue 01:32Brazil is set to auction 172 oil and gas exploration blocks on Tuesday, including 68 in the Amazon region, triggering internal tensions between the country's energy and environment ministries and raising questions over its energy transition credentials less than five months before it hosts the UN’s COP30 summit.
- Tue 01:31Most countries’ national climate targets are inconsistent with what would be considered their fair share of global emissions cuts needed to meet the Paris Agreement’s temperature goals, according to a new study.
- Tue 01:30Washington regulators released draft changes on Monday to the state’s Clean Fuel Standard (WCFS) programme, supporting the expansion of the production of sustainable aviation fuel (SAF) in the state.
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