INTERVIEW: EU 90% climate target should be “emission reductions only”, says Swedish MEP
The EU’s 2040 climate target proposal, due early next year, should make a clear distinction between emission reductions and carbon removals, said Swedish lawmaker Emma Wiesner, denouncing the bloc’s plans to put forward a net target as “a slap in the face” and “a huge betrayal” for the European Parliament.
Read MoreChinese emissions exchange launches carbon pledge services for local ETS
An exchange that supports one of China’s pilot carbon markets has unveiled an online financing service targeting carbon pledges in a latest attempt to explore innovative financial instruments.
Read MoreAU Market: ACCU price claws back after week of volatility
Australian Carbon Credit Unit (ACCU) prices recouped some of their recent losses Thursday after a bout of severe volatility earlier in the week that had seen units trade as low as A$37 ($23.82).
Read MoreNew Zealand climate commission pushes net negative 2050 target
New Zealand’s Climate Change Commission (CCC) has called for more severe emissions reductions across all sectors in its updated advice to government published Thursday, while recommending shipping and aviation emissions to be included in a net negative 2050 target.
Read MoreRegional gas lobby releases legal recommendations on cross-border CCS projects
An industry coalition of energy majors has released a set of recommendations for cross-border carbon capture and storage (CCS) projects in the Asia Pacific, in order to provide the necessary legal clarity in the absence of international regulations.
Read MoreBiochar-based potting mix startup raises $3.6 mln in seed round
A New York-headquartered sustainable soil company offering biochar alternatives to peat-based potting mixes has announced the completion of a $3.6-mln seed funding round aimed at transforming the horticulture industry through carbon-negative solutions.
Read MoreASEAN can unlock $3 trillion revenue from carbon markets, analysis finds
The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.
Read MoreINTERVIEW: White House guidance needed for regulators considering AI growth
Energy regulators need more guidance when considering the opportunities and challenges of artificial intelligence (AI) on grid reliability, a former chair of the US Federal Energy Regulatory Commission (FERC) told Carbon Pulse.
Read MoreCORSIA market liquidity hinges on Article 6 alignment by eligible carbon standards -report
New CORSIA-eligible carbon standards under the UN’s aviation offsetting scheme will likely enhance liquidity in this credit-strapped market – but only if emission units comply with Article 6 requirements, and if participating countries institute “correct and balanced” incentives and penalties, as per a report published Wednesday by an international project developer.
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