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Unpublished Chubb review submission slams Australia’s carbon industry, calls for CAC exit decision to be referred to NACC
A blistering unpublished submission to the Chubb review on Australia's carbon market that was run by local media Wednesday has decried what it said was a “self-congratulatory, inward looking, anti-competitive” industry. Read MoreTop
ARB to decide on shortlist of options to California ETS budget cuts in weeks
California regulator reiterated their commitment to release a 45-day package for the cap-and-trade rulemaking “in weeks” at a conference on Tuesday. Read MoreTop
US IRA tax credits need refined carbon intensity scoring methodology -panel
The US Internal Revenue Service (IRS) should refine carbon scoring systems related to the various clean energy tax credits within the Inflation Reduction Act (IRA) as the agency continues hammering out guidelines for its implementation, a panellist said during a Tuesday conference. Read MoreTop
EXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry
Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry. Read MoreTop
ARB confirms second 15-day package for proposed LCFS rules
California regulator ARB will release a second 15-day notice regarding proposed changes to the state’s Low Carbon Fuel Standard (LCFS), an agency official confirmed at a conference Tuesday. Read MoreTop
Ecuadorian legislature votes to legalise carbon markets
Ecuador’s National Assembly voted 117-20 on Tuesday to legalise carbon markets, some 16 years after constitutional reforms had widely been interpreted as a total ban, sending the legislation to the president for final approval. Read MoreTop
Cookstove and REDD+ voluntary carbon methodology decisions expected early November, says ICVCM
Decisions over the cookstove and REDD+ methodologies that will be eligible for the high-integrity Core Carbon Principles (CCPs) label will be made at the start of November, the Integrity Council for the Voluntary Carbon Market (ICVCM) confirmed on Tuesday. Read MoreTop
UPDATE - Hoekstra re-appointed EU climate chief in surprise move
The incumbent EU climate commissioner, Wopke Hoekstra, was re-appointed to the portfolio on Tuesday as European Commission President Ursula von der Leyen unveiled her new team that will lead EU policymaking in Brussels for the next five years. Read MoreTop
EU climate policy hasn’t caused carbon leakage, but risks remain -Bundesbank
EU climate policy, particularly the Emissions Trading System (ETS), has not yet triggered significant relocations of energy-intensive production abroad by German firms, according to a new report by the country’s monetary authority. Read MoreTop
FEATURE: CBAM costs threaten to further decimate Ukrainian exports
Ukraine's war-torn economy stands to bear some of the greatest strain from the full arrival of the EU's Carbon Border Adjustment Mechanism (CBAM), imposing a new carbon fee on goods that account for one-fifth of Kyiv's exports to the bloc - and billions in revenue. Read MoreTop
CIX appoints new CEO as part of ‘natural evolution’
Singapore’s Climate Impact X (CIX) has appointed a permanent CEO after its chief operating officer had held the interim position for several months to replace Mikkel Larsen, while one of its existing board members will step up to chair the company. Read MoreTop
Polish state aid plan approved under EU rules for supporting net zero sectors
The European Commission has approved a €1.2 billion Polish state aid scheme, under the bloc's recently relaxed subsidy rules, to support investments in sectors producing the equipment needed to transition to net zero emissions, it announced on Tuesday. Read MoreTop
Kenya-based startup sells Africa’s first ERW carbon credits -media
A Nairobi-headquartered company has sold Africa's first enhanced rock weathering (ERW) carbon credits, according to Bloomberg. Read MoreTop
Euro Markets: EUAs end 3-day losing streak after early 5-month low amid strong natural gas rally
European carbon prices set a new five-month low before bouncing sharply on Tuesday and unwinding the last two days of losses, tracking an equally strong gas market as compliance buying interest appeared to provide a floor for prices. Read MoreTop
