Wind-assisted vessels, LNG can lower green fuel costs for shipowners, insurer says

Published 14:15 on December 6, 2024  /  Last updated at 14:15 on December 6, 2024  / /  EMEA, International, Shipping

Shipowners can cut compliance costs under the EU’s new green shipping fuel regulation by using LNG-powered ships or wind-assisted propulsion, according to a new report by a global shipping insurer.

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Swiss NDC target ‘insufficient’, lacks transparency on carbon offsets -report

Published 12:56 on December 6, 2024  /  Last updated at 12:56 on December 6, 2024  / /  EMEA, Paris Article 6

Switzerland’s Nationally Determined Contribution (NDC) and overall climate targets, policies and finance have been rated as “insufficient” in a new analysis released on Thursday.

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Shell signs SAF offtake agreement with ADB-funded project in Pakistan

Published 12:45 on December 6, 2024  /  Last updated at 12:45 on December 6, 2024  / /  Asia Pacific, Aviation/CORSIA, International, Other APAC, Voluntary

British oil major Shell has signed a contract with Pakistan-based sustainable aviation fuel (SAF) producer for long-term offtake of SAF, once the proposed plant funded by the Asian Development Bank (ADB) gets completed.

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Gold Standard to charge $0.25 per credit issued, $0.20 for least developed countries

Published 12:41 on December 6, 2024  /  Last updated at 12:41 on December 6, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

Gold Standard has updated its fee structure for registry accounts and certification processes, with two different pricing options for issuing credits, the standard body announced on Friday.

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G20 nations’ fossil production could blow global carbon budget, study says

Published 12:41 on December 6, 2024  /  Last updated at 12:41 on December 6, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

The world may not keep warming to less than 2C over pre-industrial levels based on the petroleum reserves of members of the G20, a report cautioned Friday.

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Euro Markets: EUAs rebound in late rally as market awaits options expiry

Published 12:22 on December 6, 2024  /  Last updated at 21:45 on December 6, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices struggled for direction for much of Friday, with participants said to be anticipating options expiry next week, before a late rally saw the benchmark reclaim nearly all of the value it had lost this week during a string of gas-driven bearish sessions.

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France’s CCS rollout plan stopped in its tracks after government falls

Published 11:22 on December 6, 2024  /  Last updated at 11:22 on December 6, 2024  / /  EMEA, EU ETS

Plans to develop carbon capture and storage (CCS) in France have made headway over the past months and will resume as soon as the political situation stabilises and the 2025 budget is voted, an official told EU policymakers on Thursday.

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CN Markets: CEA price falls to two-month low, growth momentum may come later

Published 11:01 on December 6, 2024  /  Last updated at 11:01 on December 6, 2024  / /  Asia Pacific, China

Prices in China’s national emissions market hit a two-month low over the past week, though some expect it to recover later this month ahead of the Dec. 31 compliance deadline.

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Japan begins work to align JCM registry with Article 6

Published 08:31 on December 6, 2024  /  Last updated at 08:31 on December 6, 2024  / /  Asia Pacific, International, Japan, Paris Article 6

Japan has opened a public consultation on rules aimed at providing clarity on the registration of international emissions reductions under the Joint Credit Mechanism (JCM) in line with Article 6 of the Paris Agreement.

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Australia commits A$165 mln to APAC energy transition investments

Published 05:27 on December 6, 2024  /  Last updated at 05:27 on December 6, 2024  / /  Asia Pacific, Australia, Other APAC

Australia has committed to spend A$165 million ($106 mln) through various initiatives towards domestic and regional decarbonisation technology initiatives, including critical minerals, hydrogen, and renewable energy.

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