Euro Markets: Midday Update
EU carbon allowances started the week brightly as Europe’s energy and equity markets rallied in relief at the outcome of the first round of France’s parliamentary elections, before tailing off slightly later in the morning as the recent daily pattern appeared to be repeating.
Read MoreBritish scientists verify feasability of new ocean carbon removal technology
Scientists from a UK research centre have verified the feasibility and potential scalability of a new ocean carbon removal technique, they said Monday.
Read MoreUN proposes global fund for sharing benefits derived from plant, animal DNA sequencing
The UN drafted on Monday a proposal to establish a global fund for sharing some of the multi-trillion dollar revenues derived from products that leverage the use of the DNA sequences of plants, animals, and microbes, known as digital sequence information on genetic resources (DSI).
Read MoreAustralian cookstove project developer raises $3.75 mln from investors
A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.
Read MoreKorean securities firm secures Paris-aligned water purification project in Ghana
A South Korean securities firm is aiming to expand its carbon finance business through participation in a government-backed international greenhouse gas reduction project, which can generate Paris-aligned carbon credits.
Read MoreSafeguard Mechanism lays the foundation for Australia’s decarbonisation, but policy misalignment underlines uncertainty, panel hears
Australia’s reforms to the Safeguard Mechanism have been the lynchpin in driving “overwhelming” interest and activity in the country’s carbon market and has spurred some participants to begin to plan their decarbonisation journey, but key questions hang over other parts of the government’s climate agenda.
Read MoreWorld Bank approves $1.5 bln in funding for Indian green hydrogen, carbon markets
The World Bank has approved $1.5 billion in additional financing to help India accelerate the development of its national carbon market, boost green hydrogen production, and scale up renewable energy capacity.
Read MoreShell trader joins Trafigura carbon desk
A senior carbon trader with Shell has left to join the emissions desk at trading house Trafigura, Carbon Pulse has learned.
Read MoreEU firms thrive under higher ETS carbon costs, IMF-backed study finds
European firms are not only adapting but also thriving under rising carbon costs imposed by the EU ETS, new research published by the IMF has found.
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