Funds sue CME in multi-million dollar lawsuit due to voluntary carbon product changes in wake of CORSIA decision
The change in credits eligible for the current phase of CORSIA, the UN’s international aviation offsetting scheme, compared to its pilot, has triggered a $155.4 mln lawsuit against CME Group after it altered eligibility for its GEO futures contract.
Read MoreEuro Markets: EUAs jump most in a month as options expiry releases market to track gas prices
European carbon prices posted a strong afternoon gain after the expiry of the June options contract in the early afternoon appeared to release EUAs to resume their close correlation with natural gas, while UKAs retreated after reaching their highest level in eight months, as profit-taking picked up to offset some speculative bullishness around the approaching election.
Read MoreUS foundation allocates over $33 mln to restore longleaf pine forests
A US-headquartered foundation has announced the allocation of $33.5 million in grants to finance the conservation and restoration of longleaf pine forests in eight southern states.
Read MoreINTERVIEW: Investors chilled by noise of European Green Deal unravelling
As competition with China and the US intensifies on clean tech, the EU must stay the course on the Green Deal and make sure it is implemented by filling the remaining gaps in areas like finance and electrification of end-uses, says Iberdrola’s director for climate, Gonzalo Saenz de Miera.
Read MoreEU Commission earmarks larger budget for 2025, but climate action sum unchanged
Expense for environment and climate action in the EU will remain the same as last year, although the general budget is growing, according to allocations for 2025 proposed by the European Commission on Wednesday.
Read MoreBiochar producer announces first pre-purchase agreement in boost for nascent UK carbon removal market
A UK biochar producer has announced its first carbon removal agreement, in what marks a boost for the British carbon removal (CDR) market.
Read MoreEU must manage social impacts of carbon pricing, business group warns
A briefing released today by the Corporate Leaders Group (CLG) Europe following EU elections earlier this month, makes the case for a “social deal” and an “industrial deal” alongside the Green Deal, to manage the transition to a net-zero economy.
Read MoreEU-China agree to cooperate on emissions trading
The EU and China agreed on Wednesday to cooperate in promoting emissions trading as an effective tool for reaching net zero emissions, as part of a wider pact to work together during a high-level environment and climate dialogue in Brussels.
Read MoreReport urges Australia not to let coal mines self-report methane emissions
A report has warned against the Australian government moving to allow all coal companies to self-report their emissions, saying it could obscure millions of tonnes of methane pollution.
Read MoreDATA DIVE: The European countries set to capitalise on demand for carbon storage
Certain European countries blessed with geographical advantages can expect to reap significant rewards as demand for carbon storage heats up this decade.
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