Offset ratings agency downgrades REDD project, keeps on “ratings watch”
A carbon credit rating agency has downgraded a REDD forest protection project in its latest update, but also left the activity open for further review.
Read MoreGrappling with energy security worries, G7 reaffirms climate goals
The G7 and several invited developing countries agreed to work together to accelerate climate action while ensuring their energy security, according to a statement on Monday, the second day of the three-day leaders’ summit in Germany that has seen several climate-related announcements.
Read MoreSwitzerland agrees bilateral crediting deal with Thailand
Switzerland on Friday approved a bilateral agreement with Thailand, enabling the Southeast Asian nation to sell it carbon credits to help meet its Paris Agreement emissions pledge.
Read MoreDenmark imposes domestic carbon levy for ETS-covered firms
Danish EU ETS-covered companies will face a carbon fee of DKK 75/t (around €10) in 2025, rising annually to DKK 375/t (€50/t) by 2030, the government said on Friday.
Read MoreEU Parliament adopts ETS reform position at second attempt
The European Parliament voted again on EU ETS reform on Wednesday, managing to agree at the second attempt two weeks after a divisive first vote that saw line-by-line amendments rejected.
Read MoreOffset ratings agency puts two afforestation projects on “ratings watch”
Two Gold Standard-accredited reforestation projects have been placed on watch for a potential change in their grading by a carbon credit ratings agency in its latest update.
Read MoreSeveral nations signal they will update Paris emissions pledges this year
Several big-emitting nations signalled their intent to revise their Paris Agreement emissions pledges over the weekend, a move that could bring the pact’s temperature limit goals within closer reach.
Read MoreUPDATE – Germany confirms plans to boost coal-fired power, incentivise industry to curb gas use, with other nations to follow suit
Germany on Sunday advanced plans to bring reserve coal power plants back into regular use and to install a mechanism to reward heavy industry for using less gas as Russia has cut deliveries of the fuel, with signs that other nations are following suit.
Read MoreEuro Markets: EUAs slip nearly 4% as gas surges, financial markets reel
EUAs tumbled towards €83 on Thursday as traders faced pressure to sell carbon to cover positions in the surging gas market, while investors braced for a global recession after the Fed’s interest rate hike.
Read MoreNetherlands’ ETS-covered firms face greater CO2 tax burden
EU ETS-covered firms in the Netherlands may face greater carbon costs in the coming years as the Dutch government has announced a steeper cut to exemption rights for the policy.
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