Dutch firm signs offtake deal for Latam nature offsets
A Dutch carbon offset firm has agreed to sell voluntary carbon offsets from a Paraguayan REDD forest protection project in a deal designed to ensure the scheme’s long-term viability.
Read MoreBrussels approves plans by four EU states to compensate industry for indirect ETS costs
The European Commission on Friday approved plans by four EU member states including Germany to compensate their ETS-covered industries for indirect costs caused by power producers passing on the cost of paying for their carbon allowances.
Read MoreIndian renewables offset project gets updated score from ratings firm
A carbon credit rating agency has upgraded its grading for a high-yielding Verra-certified Indian renewables project, the first time an activity being placed ‘on watch’ has received a better score.
Read MoreLoss-making utility Uniper reports 12% rise in CO2 output for H1
German utility Uniper said its ETS-covered emissions rose 12% to 27.4 million tonnes in H1 as it shifted output to coal, it revealed in results on Wednesday that showed substantial losses owing to Russian gas curbs.
Read MoreEU’s GHG emissions hold below pre-pandemic levels in Q1 -Eurostat
The EU’s total GHG emissions rose 6% year-on-year in Q1 but held below levels seen before the coronavirus pandemic, the bloc’s statistics office said in an update on Tuesday.
Read MoreOffset ratings firm puts Indian renewables project ‘on watch’
A carbon credit rating agency has put a high-yielding Verra-certified Indian renewables project on ‘on watch’ for a potential change in its grading after getting new information about the activity.
Read MoreVCM Report: Nature-based curve stretches out amid demand for new vintages
VERs were steady for prompt and nearby offset prices this week, maintaining the uptick seen at the end of the previous week, while later dated vintages for nature-based credits climbed higher.
Read MoreCanada-based offset developer signs up with registry for South American projects
An offset project developer and carbon credit vendor has opened an account with a registry with the aim of building out several tree planting and sustainable charcoal projects in South America.
Read MoreOil firm Equinor invests in carbon removals venture
The investment arm of Norwegian oil firm Equinor has made an early-stage investment in a carbon removals venture that aims to store CO2 emitted from biogas producers.
Read MoreGerman utility EnBW ensures coal supplies amid steady hedging
German utility EnBW has enough coal to supply its plants over the coming winter, it said in its half-year results on Friday that indicate the company won’t be impacted by low water levels on the river Rhine.
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