Euro Markets: Carbon drops marginally after volatile session as gas reacts to supply cut headlines
European carbon saw a volatile end to the week, giving up a strong opening surge to a 10-week high to fall by 2.2% at one stage and eventually recording an 0.4% drop on the day, as allowance prices were whipsawed by a volatile gas market reaction to news that one EU gas buyer was set to be cut off by its Russian supplier this weekend.
Read MoreScottish CCS firm enters partnership to issue carbon removals credits from Scotch whiskey production
A British carbon finance specialist, Swiss bank, and Scottish carbon capture and storage (CCS) firm have partnered to issue carbon removals credits from Scotch whiskey distilleries and their supply chains, the companies announced on Friday.
Read MoreCOP29: Global efforts to cut methane emissions grow, mobilising $500 mln
An increasing number of countries have committed to reduce their methane emissions, with proposals to strengthen their goals and mobilise nearly $500 million to support 65 developing countries.
Read MoreCOP29: Tanzania agrees deal to distribute 1 mln cookstoves
The federal government of Tanzania has teamed up with a Nairobi-based cookstoves manufacturer and project developer to distribute 1 million clean cookstoves throughout the East African nation to be funded by voluntary carbon credits.
Read MoreCOP29: US energy secretary confident in EV tax credits’ durability post Trump win
A day after incoming President-elect Trump’s administration reportedly indicated its intent to eliminate electric vehicle (EV) tax credits in broad tax reform, US Energy Secretary Jennifer Granholm expressed confidence that the credits – and other financing supporting nascent clean energy technologies – should be durable enough to withstand potential attack.
Read MoreCanadian, Indigenous govts ink landmark C$375-mln conservation deal
The Canadian and Indigenous governments, together with a group of private donors, signed on Thursday an agreement set to unlock C$375 million ($270 mln) over the next 10 years for conservation efforts in the Northwest Territories (NWT).
Read MoreCOP29: Nearly half of companies use zero renewable electricity -report
Nearly half of companies globally continue to only use non-renewable electricity, according to a new report released on Friday.
Read MoreSustainable projects need more than internal carbon price to be viable, says food and beverage company
A food and beverage multinational on Thursday told a webinar that making the business case for sustainability projects needs more than an internal carbon price to be financially viable, and so turns to a different set of metrics when evaluating which investments to make.
Read MoreCOP29: Pledge to boost global power storage, grids aims to support renewables rollout
The Azerbaijani COP29 presidency launched a series of pledges on Friday to boost clean energy storage and infrastructure globally and in the Caspian region, in support of last year’s commitment to triple renewables and double energy efficiency.
Read MoreCarbon market investment has exploded since 2021, analysts find
Some $42 billion has been spent was spent on the origination and development of 11,752 registered and pre-registered carbon credit projects globally, and about half of this, $22 bln, happened between 2021 and 2023, analysts estimate.
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