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FEATURE: UK-EU ETS linking back on the table, raising cautious optimism ahead of talks
Recent news that the EU and UK plan to discuss the potential for linking their emissions trading schemes at a summit this spring sparked a flurry of buying that has driven benchmark UK Allowances to multi-month highs – but there's a long way to go before any tangible agreement on a link-up can be made, analysts warn. Read MoreTop
SBTi aims to release draft Corporate Net-Zero Standard for consultation in March
The Science Based Targets initiative (SBTi) intends to put the first draft of its new Corporate Net-Zero Standard up for two public consultations, establish expert groups to consult on key issues, and run pilot tests before it finalises the controversial revision by the end of this year, it said on Monday. Read MoreTop
LATAM Roundup: Compliance measures move forward across the region, potential setback in Colombia
Compliance markets will be key to bolstering carbon pricing in the region, Carbon Pulse heard last week, but Colombia’s way forward on long-delayed ETS plans is unclear following the sudden resignation of Environment Minister Susana Muhamad. Read MoreTop
UK halves subsidies for Drax biomass, puts BECCS support under review
The UK has halved subsidies for Drax’s biomass power station from 2027, and is putting under review future government support for bioenergy with carbon capture and storage - the technology Drax is counting on to decarbonise its electricity generation. Read MoreTop
EU’s NDC stuck in limbo, pending agreement on 2040 climate target
The European Commission says its forthcoming 2040 climate plan will "inform" the bloc's next Paris Agreement commitment for 2035, but questions persist on how the figure will be decided, as no method has yet been agreed or even discussed publicly. Read MoreTop
PREVIEW: Article 6 methodological work underway as focus switches to implementation
The Supervisory Body for the Article 6.4 mechanism (SBM) will meet for the first time this week since the historic carbon markets agreement at COP29 in Baku, with implementation on the agenda as the UN body seeks to push forward with key methodological work for Paris Agreement carbon crediting. Read MoreTop
UK investment manager puts €50 mln into Spanish farmland regeneration
A British climate impact investment manager has launched a €50 million regenerative agriculture platform in Spain, aimed at converting existing farming practices from intensive cereal production to high-value pistachio and cherry tree crops, alongside livestock Read MoreTop
Data centre boom risks derailing Europe’s emissions cuts -report
Surging electricity demand from new data centres could undermine Europe’s emissions reduction efforts, with power consumption projected to rise by up to 160% by 2030, according to a new report released Monday. Read MoreTop
Carbon standard seeks feedback on unit system, forest methodology
A Paris-headquartered carbon standard last week opened consultations seeking stakeholder feedback on phasing out its unit system and refining a forest methodology. Read MoreTop
EU lawmakers continue pushing for flexibility on car emissions targets
The influential centre-right European People's Party (EPP) is pushing the European Commission to introduce short-term measures to help automakers meet their emissions targets for cars. Read MoreTop
Singapore, Marshall Islands submit NDCs by original deadline
Singapore and Marshall Islands on Monday announced their 2035 Nationally Determined Contributions (NDCs) under the Paris Agreement in time for original deadline - now pushed back to September as only a handful of nations made the early February goal. Read MoreTop
EU risks falling short on its 2030 climate goal, warns European Commission's in-house research arm
The EU is at risk of missing its 2030 climate goal of cutting net emissions 55% below 1990 levels, the European Commission’s Joint Research Centre (JRC) warned in a report that was quietly posted online just over a week ago. Read MoreTop
Nearly 150 organisations call for clarity on biomethane certificates in GHG Protocol
A total of 144 companies and trade associations globally have urged the leadership behind the GHG Protocol to clarify the role of market instruments for renewable gases in the organisation's Scope 1 inventory, saying a rapid deployment of biomethane is needed to meet climate goals. Read MoreTop
Euro Markets: "Tired" EUAs gap higher as colder weather forecast prompts jump in gas and power
EU carbon jumped on Monday, boosted by sharply higher energy prices after the latest forecasts showed colder weather across the region, expected to increase the call on thermal power generation, while UKAs rose to a new eight-month high. Read MoreTop
