EU member states could use Article 6 for ‘above-and-beyond’ mitigation, says senior EU official
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.
Read MoreEU should reconsider giving CBAM exemptions to most vulnerable -report
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.
Read MoreFutures growth drives strong EU carbon volumes on EEX in November
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.
Read MoreBRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory
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.
Read MorePet care multinational launches soil carbon partnerships to scale regenerative agriculture in Europe
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.
Read MoreNomura AM to add corporate nature opportunities to ESG scores
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.
Read MoreCarbon pricing, technology ASEAN’s best answer to CBAM -report
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.
Read MoreFirst Nations plan legal challenge against Canada’s carbon tax
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.
Read MoreDevelopment banks pledge $12 bln for land degradation
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.
Read MoreANALYSIS: Article 6 breakthrough raises integrity concerns for some, but ‘proof in pudding’, experts say
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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