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Washington state slightly tightens emissions budgets in final cap-and-trade rule

Published 21:19 on September 29, 2022  /  Last updated at 21:19 on September 29, 2022  /  Americas, Canada, US  /  No Comments

The Washington Department of Ecology (ECY) on Thursday published its final WCI-modelled carbon market regulation, making a slight alteration in the initial GHG budgets ahead of the programme launch in January.

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FEATURE: Central banks’ climate efforts limited compared to carbon price

Published 20:34 on September 29, 2022  /  Last updated at 20:39 on September 29, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The European Central Bank is leading efforts among its peers worldwide to step up the fight against climate change and biodiversity loss, but evidence suggests these moves will have scant impact compared to even a modest carbon price.

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PREVIEW: Energy ministers to rubberstamp emergency interventions, battle lingers on gas price cap

Published 20:32 on September 29, 2022  /  Last updated at 21:18 on September 29, 2022  /  EMEA, EU ETS  /  No Comments

Energy ministers will meet on Friday to finally adopt long-floated measures aimed at taming rocketing energy prices, ranging from mandatory electricity curbs to taxing windfall profits, against the backdrop of a worsened geopolitical scenario since the EU-27 gathered only a couple of weeks prior.

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Officials set out plans on Article 6.4 removals crediting, seek expert input

Published 18:44 on September 29, 2022  /  Last updated at 18:44 on September 29, 2022  /  Aviation/CORSIA, Climate Talks, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

The Supervisory Body for the UN’s new crediting mechanism has issued recommendations on carbon removals and called on experts to help finalise its guidance, despite fears that the ideas are too vague.

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Euro Markets: EUAs shrug off flash sell-off as traders see support emerging at recent lows

Published 17:25 on September 29, 2022  /  Last updated at 17:54 on September 29, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs recorded a modest rally on Thursday after testing a recent low and later shrugging off a flash sell-off of nearly €2.50, as traders suggested the market has found an interim support level while energy prices gave back strong gains as Germany unveiled a €200 billion gas price-capping initiative.

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Nord Stream leaks could emit more than two-thirds of annual Danish GHGs -experts

Published 16:53 on September 29, 2022  /  Last updated at 18:16 on September 29, 2022  /  EMEA, EU ETS  /  No Comments

Leaks from Nord Stream pipelines this week may emit greenhouse gases equivalent to more-than 70% of Danish annual output over a 20-year period, according to analysis of government figures that would place them among the biggest gas leaks ever and pose a major climate threat.

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‘Gold plating’ offsets could be damaging, warns standards body

Published 15:35 on September 29, 2022  /  Last updated at 15:35 on September 29, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

‘Gold plating’ certain types of offset credits in the drive to improve integrity in the voluntary carbon market (VCM) could prove detrimental in combating global warming, a markets standards body warned on Thursday.

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Airline lobby IATA backs off plan to weaken CORSIA emissions baseline

Published 15:30 on September 29, 2022  /  Last updated at 15:30 on September 29, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Voluntary Market  /  No Comments

Air carriers’ association IATA on Wednesday scrapped its request for a less ambitious CORSIA emissions baseline, setting the stage for the ICAO Assembly to adopt the slightly more ambitious compromise proposal put forth by the UN body’s Council.

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EU investors urge Brussels to defend Innovation Fund amid threats to cut size

Published 13:20 on September 29, 2022  /  Last updated at 13:20 on September 29, 2022  /  EMEA, EU ETS  /  No Comments

A group of clean technology investors and policy leaders are urging policymakers to avoid cutting the size of the ETS-backed Innovation Fund amid emerging threats to reduce its scale. 

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EU steelmakers calls for carbon cost support, still back Fit for 55

Published 12:46 on September 29, 2022  /  Last updated at 13:09 on September 29, 2022  /  EMEA, EU ETS  /  No Comments

The European steel association Eurofer has called on Brussels for help in managing the costs associated with carbon ahead of ministerial energy crisis talks on Friday, but continues to support the EU’s flagship Fit for 55 climate package that is soon to be finalised, a representative confirmed to Carbon Pulse.

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