EU member states could use Article 6 for ‘above-and-beyond’ mitigation, says senior EU official

Published 16:14 on December 5, 2024  /  Last updated at 10:36 on December 6, 2024  / /  EMEA, International, Paris Article 6

EU member states can still use Article 6 for above-and-beyond mitigation, the head of the EU’s international carbon markets diplomacy taskforce told Carbon Pulse at the sidelines of a conference on Thursday, despite the bloc’s current plans to avoid using international carbon credits towards UN climate goals.

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EU should reconsider giving CBAM exemptions to most vulnerable -report

Published 16:09 on December 5, 2024  /  Last updated at 16:09 on December 5, 2024  / /  Africa, Carbon Taxes, CBAM, EMEA

The EU should reconsider exempting the least developed countries, as well as Ukraine, from its incoming carbon border fee, and use its revenues to help developing countries decarbonise their industries and minimise the blow, a think tank recommended this week.

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Futures growth drives strong EU carbon volumes on EEX in November

Published 16:04 on December 5, 2024  /  Last updated at 16:04 on December 5, 2024  / /  EMEA, EU ETS

Strong growth in futures has driven EEX exchange-traded EU carbon volumes higher in both November and 2024 to date, according to data published Thursday.

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BRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory

Published 16:01 on December 5, 2024  /  Last updated at 16:04 on December 5, 2024  / /  Americas, Asia Pacific, EMEA, EU ETS, International, Japan, UK ETS, US, Voluntary

A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.

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Pet care multinational launches soil carbon partnerships to scale regenerative agriculture in Europe

Published 15:32 on December 5, 2024  /  Last updated at 15:32 on December 5, 2024  / /  Americas, EMEA, Nature-based, US, Voluntary

A global food and pet care products manufacturer on Dec. 5 announced several partnerships with suppliers and soil carbon project developers to scale regenerative farming practices across Europe.

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Nomura AM to add corporate nature opportunities to ESG scores

Published 14:38 on December 5, 2024  /  Last updated at 14:38 on December 5, 2024  / /  Asia Pacific, Biodiversity, Japan

Nomura Asset Management plans to incorporate nature-related opportunity indicators into its proprietary ESG scoring model in the “near future”, an executive has told Carbon Pulse.

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Carbon pricing, technology ASEAN’s best answer to CBAM -report

Published 14:20 on December 5, 2024  /  Last updated at 14:20 on December 5, 2024  / /  Asia Pacific, Carbon Taxes, CBAM, EMEA, International, Other APAC, Voluntary

The Association of Southeast Asian Nations (ASEAN) member countries must actively implement carbon pricing mechanisms and increase investment to decarbonise hard-to-abate sectors in order to effectively respond to EU’s Carbon Border Adjustment Mechanism (CBAM), a report has found.

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First Nations plan legal challenge against Canada’s carbon tax

Published 14:15 on December 5, 2024  /  Last updated at 14:18 on December 5, 2024  / /  Americas, Canada, Carbon Taxes

A coalition of First Nations has announced its intention to file legal action against Canada’s carbon tax, claiming the federal government breached their duty to consult the groups when instituting the carbon pricing scheme.

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Development banks pledge $12 bln for land degradation

Published 13:32 on December 5, 2024  /  Last updated at 16:19 on December 5, 2024  / /  Africa, Biodiversity, EMEA, Middle East

Financiers, mostly development banks, at the UN desertification conference COP16 in Riyadh, Saudi Arabia this week have committed $12 billion towards drought resilience, land restoration, and combatting land degradation.

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ANALYSIS: Article 6 breakthrough raises integrity concerns for some, but ‘proof in pudding’, experts say

Published 13:04 on December 5, 2024  /  Last updated at 13:04 on December 5, 2024  / and /  Americas, Asia Pacific, Climate Talks, EMEA, International, Nature-based, Paris Article 6, Voluntary

The historic consensus on Article 6, achieved in November at COP29, may have been broadly welcomed, but some remain cautious that gaps in final decision texts could lead to a lack of integrity in the newly developed, UN-approved international carbon markets, if implementation over the coming years is not sufficiently robust.

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