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Brussels confirms two-day postponement of EU carbon market reform
The European Commission confirmed on Wednesday that its proposal to revise the EU Emissions Trading System (EU ETS) will be presented on July 17 instead of July 15 as initially planned. Read MoreTop
Euro Markets: EUAs bounce off technical support again as market absorbs two-day ETS reform delay
European carbon allowances traded in a tight range, weakening to test a key technical support and failing to react to news that the presentation of the EU ETS reform package will be delayed by two days. Read MoreTop
Carbon fund pulls support from African nature carbon project after it fails to generate credits
A major African nature-based carbon project will lose backing from its lead fund after failing to secure validation and generate credits since its 2022 launch, the investor said Wednesday. Read MoreTop
CAR adopts revised permanence approach for carbon storage
US-based voluntary carbon standard Climate Action Reserve (CAR) finalised its revised permanence approach for long-term carbon storage on Tuesday. Read MoreTop
Europe's biomethane production hits 8 bcm/year, backed by EU carbon price signal
Europe's biomethane industry has crossed 8 billion cubic metres (bcm) of annual production capacity for the first time, with planned investments rising to €36 billion, a move the industry says is increasingly underpinned by the EU's carbon price signal. Read MoreTop
Quebec eyes 77% renewable energy share by 2050 under C$87bln plan
Quebec aims to increase the share of renewables in its energy mix to nearly 77% by 2050, from around 48% currently, under a newly published long-term energy strategy. Read MoreTop
Isometric issues first reforestation credits for Brazilian developer with Google, Microsoft deals
Isometric has issued nearly 22,000 reforestation carbon credits to an Amazonian project from a Sao Paulo-based developer, the first such credits for both companies, they announced on Wednesday. Read MoreTop
UK to cut £2 bln from energy department to fund defence
The UK will seek to find £2 billion of savings from energy projects to help fund its newly announced £15 bln Defence Investment Plan, government estimates indicate. Read MoreTop
New SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis. Read MoreTop
Airlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector's emissions gap, according to an academic report. Read MoreTop
UK govt allocates £47 mln to peatland restoration in England
The UK government has allocated $47 million to support peatland recovery in England, as part of its broader efforts to restore 280,000 hectares by 2050. Read MoreTop
California-based WCI accounts rise 1.5% in Q2, surpass 830
Total California-registered accounts under the state's Quebec-linked compliance carbon market increased 1.5% during Q2 to surpass 830, data showed. Read MoreTop
Carbon pricing is key to cutting transport emissions in Central Asia, says ADB
Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB). Read MoreTop
Australian bank signs large ACCU offtake deal with Indigenous carbon project group
One of Australia’s ‘Big Four’ banks on Wednesday signed its largest-ever purchase of Australian Carbon Credit Units (ACCUs), securing around 150,000 credits over five years from an Indigenous-owned carbon project developer. Read MoreTop
