Largest UK ETS emitter rejects union plans, confirms coal exit
Tata Steel on Thursday rejected a workers’ union plan to keep its Port Talbot blast furnaces running, confirming its intention to reduce its carbon footprint by switching its energy source from coal to electricity.
Read MoreCzech ministries wrangle over ETS cash as EU nations face spending changes
Czech government ministries are at odds over how their carbon market revenue is to be spent, delaying passage of ETS reforms into national law that are likely to trigger a step-up in spending among all EU nations.
Read MoreVCM Report: Year-end rush sees 2023 carbon credit retirements top 2022 levels
Voluntary carbon credit retirements in 2023 exceeded the levels of a year earlier on major registries after a surge in activity in December.
Read MoreTaiwan voluntary carbon exchange sees trades on launch day
An exchange backed by the Taiwanese government saw trade in international carbon credits on its inaugural day on Friday, with solid interest from domestic companies.
Read MoreVCMI’s new flexibility claim idea could backfire, report warns
Corporates would be left off the hook for climate targets if the VCMI’s new ‘flexibility’ claim idea for Scope 3 emissions is given the green light, warns a report that finds some companies could even increase their climate pollution up to 2030 as a result.
Read MoreStandardised REDD prices slide to multi-year lows
Benchmark prices based on avoided deforestation credits tumbled to fresh multi-year lows on Wednesday, continuing a lengthy decline as the voluntary carbon market awaits a shake-up from the ICVCM’s integrity labels.
Read MoreUK confirms will introduce carbon border measures by 2027
The UK government announced Monday that it will introduce a carbon border adjustment mechanism (CBAM) by 2027 on big-emitting sectors, a deadline of a year later than the EU is due to introduce its own system.
Read MoreBusiness leader lays blame for UN’s Article 6 talks collapse firmly with EU
The head of carbon trading business group IETA blames the EU for this week’s collapse of COP28 UN climate talks on Article 6 emissions trade, though expects such approaches to continue to develop apace within smaller groups of nations.
Read MoreFEATURE: Green hydrogen high on political agenda as race kicks off to price international trade
Green hydrogen will still be a blip in the world energy mix by the end of the decade, but the US, China, and the EU have locked horns in a high stakes race for supremacy that could decide whether the dollar, the yuan, or the euro becomes the international trading currency of the fuel of the future.
Read MoreCOP28: Norway pledges $50 mln for Brazil Amazon Fund
Norway has pledged to donate $50 million to Brazil’s Amazon Fund to help conserve the rainforest region, its first contribution since 2019.
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