Watchdog chides EPA on lack of oversight on clean school bus funding

Published 23:09 on December 5, 2024  /  Last updated at 03:21 on December 6, 2024  / and /  Americas, US

The US EPA failed to monitor the deployment of $836 million that was spent on helping schools across the country replace existing school buses with zero-emission counterparts, according to a Wednesday report.

Read More

After Article 6 agreement, still no clarity on when trades will start flowing -panel

Published 22:42 on December 5, 2024  /  Last updated at 22:42 on December 5, 2024  / /  Climate Talks, International, Paris Article 6

With Article 6 rules now in the books following consensus at COP29 in Baku, carbon market watchers said during a Thursday panel that there was still no clarity on when the international market would begin recording its first trades.

Read More

Euro Markets: EUAs drift along with TTF gas as traders trim length ahead of weekend

Published 17:11 on December 5, 2024  /  Last updated at 17:23 on December 5, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices ended slightly lower on Thursday, following the evolution in front-month natural gas as both markets saw length being trimmed amid what has been a weak few days.

Read More

UK waters down pledge to decarbonise power grid by 2030

Published 17:02 on December 5, 2024  /  Last updated at 03:26 on December 6, 2024  / /  EMEA, UK ETS

The UK government has watered down plans to decarbonise the electricity grid by 2030, setting a new target of achieving at least 95% of clean power by 2030.

Read More

EU urged to neutralise Energy Charter Treaty’s protection of fossil fuel investments

Published 16:54 on December 5, 2024  /  Last updated at 16:54 on December 5, 2024  / /  EMEA

Legal experts are calling on the EU to work with the remaining members of an alliance that protects fossil fuel assets to challenge its problematic ‘sunset clause’, and create a replacement that champions clean energy.

Read More

EU likely to propose exempting small companies from CBAM in early 2025, senior EU official says

Published 16:51 on December 5, 2024  /  Last updated at 10:34 on December 6, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

The European Commission is likely to next year put forward a proposal to exclude small companies from the EU’s Carbon Border Adjustment Mechanism (CBAM), a senior official told Carbon Pulse on Thursday.

Read More

Biodiversity Pulse: Thursday December 5, 2024

Published 16:40 on December 5, 2024  /  Last updated at 16:40 on December 5, 2024  / /  Biodiversity, Newsletters

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Read More

French political upheaval threatens EU support for clean industrialisation and investments -expert

Published 16:23 on December 5, 2024  /  Last updated at 16:23 on December 5, 2024  / /  EMEA

French Prime Minister Michel Barnier’s ousting on Thursday raises new risks and uncertainties for national and EU-wide climate action, particularly for the private finance sector — and it comes just as France begins to show signs of progress, according to an expert.

Read More

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.

Read More

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.

Read More