US ELECTIONS: New chapter opens for EU climate diplomacy with fresh challenges, experts say
The US presidential elections on Nov. 5 will open a new chapter for climate diplomacy in the European Union, whoever the winner is, with fresh challenges ahead, experts told Carbon Pulse.
Read MoreVCM Report: CORSIA impact yet to appear despite approval of major carbon standards
Four more carbon registries were granted eligibility for Phase 1 of the CORSIA international aviation offsetting scheme last week, although the kick-start in demand is likely to be more of a slow burner, sources said, with interest in voluntary credits still lacklustre.
Read MoreUS ELECTIONS PREVIEW – PART 4: CO2 pipelines dominate US Heartland environmental policy discourse ahead of elections
In the US Heartland CO2 pipeline controversy has brought glimmers of environmental policy to the region otherwise dominated by Republican trifectas, none of which are expected to shift at the upcoming November elections.
Read MoreUS ELECTIONS PREVIEW – PART 2: Close US Senate races in ex-RGGI states could shift balance of power in Congress
US Northeast and Mid-Atlantic RGGI member states that are Democrat strongholds are mostly expected to retain their trifecta status at the upcoming elections, presumably allowing for continued design and passage of carbon market programmes in 2025.
Read MoreEuro Markets: EUAs hold on to early gains amid energy volatility as weather points to thermal generation
European carbon prices rose strongly on Monday morning before consolidating these early gains for the rest of the session, amid healthy increases in gas and power as traders pointed to weather forecasts supporting thermal generation, with markets also preparing themselves ahead of Tuesday’s US presidential election.
Read MoreUS ELECTIONS PREVIEW – PART 3: Southern Republicans to continue pursuit of CCS, IRA investments after US elections
Southern US Republican lawmakers are expected to retain a grip on state legislatures in the region after the November elections, while continuing to avail of clean technology investments spurred by the Inflation Reduction Act (IRA), and promoting carbon capture and storage (CCS) in the region.
Read MoreDrax pushes back on findings that BECCS system will increase UK emissions until 2050
UK power company Drax is disputing research suggesting that its bioenergy with carbon capture and storage (BECCS) system, using wood pellets sourced from Drax’s southern US mills, would lead to a rise in CO2 levels until around 2053, compared to a scenario without the technology.
Read MoreUS ELECTIONS PREVIEW – PART 1: Policy implementation hurdles constrain WCI market schemes across US West as elections near
US West Coast states envisioned additional emissions reduction policies in the past legislative year, but implementation challenges have placed Washington’s carbon market on the ballot, with close elections in Arizona and Nevada that could dictate the future of environmental policy at a state and federal level.
Read MoreClient mapping of Big Six PR firms reveals potential conflicts of ‘climate interest’ -report
Client mapping of the Big Six PR and advertising agency holdings indicates significant potential “conflicts of climate interest”, where clients of the same company advocate for opposing climate policies, according to a recent report.
Read MoreCarbon markets falling far short of potential to support least developed countries, UN warns
Carbon markets are fulfilling just a tiny fraction of their potential to shore up much-needed climate finance in the world’s 45 least developed countries, with credits issued from both the voluntary and UN-run schemes concentrated in just a few countries, according to a report published on Monday.
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