ANALYSIS: Despite November uptick, EU fossil power emissions on course for yet another heavy annual drop

Published 13:43 on December 9, 2024  /  Last updated at 13:43 on December 9, 2024  / /  EMEA, EU ETS

Annual EU carbon emissions from electricity generation covered by the bloc’s ETS are set to slump heavily once again in 2024 despite a strong rise in gas-fired output last month, analysts have said, though next year could see a much tighter market and a sustained price recovery.

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Saudi Arabia offers Kenya $8 per carbon credit in COP16 VCM deal -media

Published 13:18 on December 9, 2024  /  Last updated at 13:18 on December 9, 2024  / /  Africa, Climate Talks, EMEA, International, Middle East, Voluntary

Saudi officials and private sector players are open to buying carbon credits from Kenya in a voluntary market (VCM) deal at $8 per tonne, according to statements made on the sidelines of the UN Convention to Combat Desertification (UNCCD) COP16 conference in Riyadh last week.

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Australia’s green iron opportunity could cut its entire emissions footprint -report

Published 13:14 on December 9, 2024  /  Last updated at 13:14 on December 9, 2024  / /  Asia Pacific, Australia

One of Australia’s biggest resource powerhouses could export billions of dollars worth of green iron by the beginning of the next decade and A$170 bln ($109 bln) by 2050 while saving emissions bigger than the entirety of Australia’s annual carbon output, a report said Monday.

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UK set to incentivise clean hydrogen-to-power technologies

Published 12:21 on December 9, 2024  /  Last updated at 12:21 on December 9, 2024  / /  EMEA

The UK government will introduce a support scheme to encourage investment in clean hydrogen-to-power projects, following supportive feedback in a public consultation, it announced on Monday.

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New Zealand advised to set up biodiversity credit market

Published 12:06 on December 9, 2024  /  Last updated at 12:06 on December 9, 2024  / /  Asia Pacific, Biodiversity, New Zealand

Launching a biodiversity credit market is among actions New Zealand should take in order to scale investments in nature-based solutions (NbS), according to a global consultancy.

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International carbon registry partners with Iceland environment agency to develop offset project standards

Published 11:58 on December 9, 2024  /  Last updated at 11:58 on December 9, 2024  /  Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

An international carbon registry has partnered with Land and Forest Iceland, a government agency, to develop offset project standards and help advance the country’s climate initiatives.

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Colombian standard puts first biodiversity credit project out for consultation

Published 11:46 on December 9, 2024  /  Last updated at 11:46 on December 9, 2024  / /  Americas, Biodiversity, South & Central

A Colombian environmental standard has opened a public consultation on the first conservation project registered under its biodiversity credit programme, planning to certify it next year.

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INTERVIEW: Book-and-claim deals could drive early adoption of low-carbon cement

Published 10:19 on December 9, 2024  /  Last updated at 10:19 on December 9, 2024  / /  Americas, US, Voluntary

Selling low-carbon cement through book-and-claim deals, which separate the emissions savings from the physical product that’s delivered, can help to scale up clean technologies by addressing the problems of geographic constraints and cost premiums, according to a manager at a clean cement developer.

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‘Lead markets’ for low-carbon cement gain momentum

Published 10:06 on December 9, 2024  /  Last updated at 10:06 on December 9, 2024  / /  EMEA

Demand for pricier low-carbon industrial products can be encouraged with a reform of public procurement rules and the creation of ‘lead markets’ for green cement, the industry has argued ahead of new EU policy proposals due in the coming mandate.

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BRIEFING: Article 6 causing confusion for corporate buyers – but should boost confidence long term

Published 08:55 on December 9, 2024  /  Last updated at 08:55 on December 9, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary

The agreement on Article 6 at COP29 last month is raising confusion among corporate carbon credit buyers but it should boost confidence in the market longer term, participants told an industry conference last week.

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