INTERVIEW: European biomethane removals poised to scale but need coordinated regulation

Published 21:53 on May 30, 2024  /  Last updated at 21:53 on May 30, 2024  / Alejandra Padin-Dujon /  EMEA, EU ETS, Voluntary

Biomethane with carbon capture, a kind of carbon removal, is poised to scale in Europe and will benefit from pro-CCS policies, but overlapping regulations at the EU and national level must coordinate to make these opportunities accessible, a German advisory firm told Carbon Pulse.

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WCI Q2 auction clears well below secondary market, trader expectations

Published 20:33 on May 30, 2024  /  Last updated at 20:56 on May 30, 2024  / Bijeta Lamichhane /  Americas, Canada, US

The delayed Q2 California-Quebec current vintage carbon auction settled at a discount to secondary market prices and well below trader expectations.

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EU energy ministers lay the way forward for the Green Deal

Published 19:57 on May 30, 2024  /  Last updated at 19:57 on May 30, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, EU ETS, International

Energy ministers from the EU’s 27 countries believe that work has just begun on making the Green Deal a reality, with the next five years crucial to the implementation of climate and environmental policies across the bloc.

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No new fossil projects needed to satisfy energy demand from now to 2050, researchers say

Published 19:00 on May 30, 2024  /  Last updated at 17:42 on May 30, 2024  / Rebecca Gualandi /  Climate Talks, International

Existing fossil fuel projects are enough to meet global energy demands in a global transition to net zero, researchers at UCL and the International Institute for Sustainable Development (IISD) have found.  

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Biodiversity Pulse: Thursday May 30, 2024

Published 17:43 on May 30, 2024  /  Last updated at 17:43 on May 30, 2024  / Carbon Pulse /  Biodiversity, Newsletters

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

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FEATURE: Article 6 additionality for renewables should be determined case-by-case, say market rule-makers

Published 17:29 on May 30, 2024  /  Last updated at 20:25 on May 30, 2024  / Alejandra Padin-Dujon /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Paris Article 6, Voluntary

Article 6 negotiators and voluntary carbon market (VCM) standards could justifiably exclude some renewable energy projects out of hand due to additionality hazards, but others require careful case-by-case consideration, say watchdogs and stakeholders who spoke to Carbon Pulse.

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Verra extends suspension of Rimba Raya voluntary carbon project from its registry

Published 17:25 on May 30, 2024  /  Last updated at 17:25 on May 30, 2024  / Paddy Gourlay /  Asia Pacific, International, Nature-based, Other APAC, Voluntary

Verra has extended the suspension of Rimba Raya’s registry account amid continuing uncertainty about the future of the voluntary carbon REDD project in Indonesia, it told Carbon Pulse Thursday.

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EU ETS prices closely related to policy credibility, study finds

Published 17:02 on May 30, 2024  /  Last updated at 17:02 on May 30, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

Policy credibility is crucial for carbon prices in the EU Emissions Trading System to be high enough to efficiently incentivise emission reductions in the long term, according to a study published in Nature Energy.

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Weak pricing continues to impact EU ETS efficacy, finds report

Published 16:42 on May 30, 2024  /  Last updated at 16:42 on May 30, 2024  / Nick Ferris /  Carbon Taxes, CBAM, EMEA, EU ETS

Weak carbon pricing in the EU Emissions Trading Scheme (ETS) is continuing to limit the incentive for polluters to decarbonise, according to a new report published Thursday.

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Saudi Arabia to finance Kenya clean cooking plan in return for carbon credits -media

Published 16:30 on May 30, 2024  /  Last updated at 16:53 on May 30, 2024  / Roy Manuell /  Africa, EMEA, International, Middle East, Paris Article 6, Voluntary

Saudi Arabia will fund Kenya’s planned switch to cooking with liquefied petroleum gas (LPG) stoves instead of those burning firewood, charcoal, and kerosene in return for carbon credits, according to local media sources.

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