BRIEFING: Chile sees “encouraging” 4.4 mln offsets used in second year of CO2 tax regs
Chile’s carbon offsetting provision (SCE) within the national CO2 tax has blown past expectations in its second year of operation, rising to 4.4 million credits applied in 2024, the government revealed Thursday.
Read MoreEU faces balancing act on ETS2’s Social Climate Fund -report
The EU’s push to expand its Emissions Trading System (ETS) to transport and buildings faces a delicate balancing act, as policymakers grapple with the social impact of carbon pricing and the rollout of a Social Climate Fund (SCF) aimed at supporting vulnerable groups in the transition.
Read MoreEarly CDR buyers call for proper recognition for scaling removals industry -webinar
Carbon removal (CDR) buyers on a webinar Thursday called for proper recognition by standards bodies such as the Science Based Targets initiative (SBTi) to help scale CDR and trigger buying from a wider cohort of companies.
Read MoreEuro Markets: EUAs drop to year-to-date lows amid widespread tariff-related selling
European carbon prices posted their biggest daily loss in a month on Thursday, falling to the lowest price of the year to date after the market gapped lower at the open as traders reacted to Washington’s announcement of new import tariffs on all major trading partners, dropped again in mid-morning as early US selling weighed on the market, before stabilising as participants adopted a watching brief ahead of Friday’s verified emissions data for 2024.
Read MoreECS25: New developer formed in wake of C-Quest scandal promises “radically transparent” approach
The CEO of the new carbon project developer born out of the C-Quest Capital scandal has promised that the market has “grown up” and is entering a new generation for integrity.
Read MoreECS25: Still many paths for EU, UK to integrate carbon removals into ETSs
The EU and UK are preparing to integrate carbon removals into their emissions trading systems (ETSs) as net zero targets draw closer — but exactly how they do that is still an open question with multiple options on the table, a conference in Lisbon heard on Thursday.
Read MoreECS25: BRIEFING – Geopolitical shadow looms as voluntary carbon market battles to rebound
The voluntary carbon market faces huge challenges amid the current geopolitical environment, experts told an industry conference on Thursday, but there is quiet momentum building behind the scenes with billions of additional dollars invested in the first quarter of the year.
Read MoreECS25: EU carbon market won’t survive if it causes factory closures, industrialists warn
Politicians across Europe will be tempted to pull the plug on the EU’s Emissions Trading System (ETS) if the bloc’s flagship climate policy instrument brings factory closures and job losses, industrialists said at IETA’s European Climate Summit in Lisbon.
Read MoreECS25: ETS2 delay “not a solution” to address implementation issues, EU Commission says
Delaying the EU’s Emissions Trading System for road transport and heating fuels (ETS2) won’t solve implementation issues faced by member states, a senior official has said, as European countries drag their feet in adopting legislation for the bloc’s second carbon market.
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