Shipping operator MOL completes “carbon offset voyage” from Japan to Europe
Japanese shipping company Mitsui OSK Lines (MOL) has completed a “carbon offset voyage” for the transportation of cars from Japan to the UK, the company said in a statement on Wednesday.
Read MoreFrance proposes delaying ETS2 start by a year in carbon market reforms
EU nations should consider delaying by a year to 2027 the launch of a second ETS for buildings and road transport, according to a draft proposal by France, which is currently steering member state talks.
Read MoreUPDATE – EU Parliament committee backs plan to resubmit ETS reform bill changes
The European Parliament’s environment committee (ENVI) on Tuesday backed a plan to ensure line-by-line amendments carried during last week’s failed first Parliament ballot will be voted on again by the full assembly, as senior MEPs held talks behind closed doors.
Read MoreEU’s ETS-derived Modernisation Fund invests €2.4 billion in seven nations
The EU’s Modernisation Fund made available €2.4 billion to seven central and eastern member states on Wednesday, with the vehicle’s third disbursal being put towards 45 projects for renewables and energy efficiency but including some gas-fired activities.
Read MoreAccusations, chaos as EU Parliament fails to adopt position on ETS reforms amid progressives protest
The European Parliament voted to reject a proposal on EU ETS reforms on Wednesday, amid chaotic scenes and flying accusations in the legislature after a line-by-line ballot weakened many amendments to a level that was unacceptable to progressive members.
Read MoreGermany mulls adding waste incinerators to domestic CO2 pricing scheme -media
Germany could add waste incinerators and small lignite-fired power plants to its national carbon pricing mechanism (nEHS) that currently covers fuels used for buildings and road transport, media reports suggest.
Read MoreVCM Report: Technology-based VER prices lift after lengthy slump
Standardised technology-based credits lifted for the first time in two months this week while nature-based units again stalled amid moderate trade.
Read MoreRomania advances its coal exit by another two years to 2030
Romania has published a draft emergency law outlining a schedule for the phaseout of all its remaining coal power capacity by end-2030, two years earlier than it set out just eight months ago as the country ramps up renewables investments.
Read MoreEU Parliament lowers sights on ETS ambition ahead of vote
The full European Parliament is likely to scale back its ambition for EU ETS reform in a vote next week, with senior lawmakers targeting a 63% emissions cut by 2030 as a compromise between the 67% level sought in an interim parliamentary ballot and the 61% goal proposed by Brussels.
Read MoreBrazil bike offset scheme gets lowest grade in ratings firm’s latest awards
A Brazilian offset project promoting cycle use was awarded the lowest-possible score by a carbon credit ratings agency on Tuesday, with four other activities assigned with new or reaffirmed grades.
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