Netherlands sets extensive exemptions for its industry CO2 tax
The Netherlands government set out wide exemptions to its carbon tax for industries for its inaugural year of 2021, with firms likely to face no additional financial burden for the period.
Read MoreAirlines face offset reliance through 2050 as SAF scale-up to fall short -report
Production of sustainable aviation fuel (SAF) will fail to scale quickly enough to meet soaring demand for flying over the next three decades, leaving the industry still relying on carbon offsets to meet net zero pledges by 2050, according to analysts at an investment bank.
Read MoreUtility RWE reports 10.5% drop in ETS-covered emissions for Q1 as regulations trump market forces
Germany-based utility RWE, the EU’s top corporate emitter, reported a 10.5% drop in its ETS-covered thermal power output for Q1, it said on Wednesday, as government-mandated plant closures outweighed a stronger market signal.
Read MoreUK advances corporate climate regulations as investors brace for £100/t carbon price
The UK government formed a taskforce on Monday to come up with rules for its listed companies and financial institutions to outline from next year how they will align with Britain’s 2050 net zero ambition.
Read MoreTemperate forest edges store more carbon than previously thought -studies
Trees and soils on the edge of temperate forests store more carbon than interior areas, according to US studies that potentially represent good news for climate action but may complicate carbon crediting initiatives.
Read MoreCORRECTION: Canada-based VER investor announces oversubscribed fundraising
A Canadian alternative ESG investor raised almost twice its targeted amount in financing, it said on Thursday, with the C$28 million ($22.3 mln) sum set to be used to advance the firm’s backing of voluntary emissions reduction (VER) projects.
Read MoreGulf-based carbon standard’s offset listing on CBL not linked to GEO inclusion
Any listing of GCC-certified renewables offsets on Xpansiv’s CBL carbon trade platform won’t automatically mean the units are delivered into CBL’s standardised GEO contract, the exchange confirmed on Thursday.
Read MoreGoogle scales up VCM interest with soil carbon venture
US internet major Google is scaling up its interest in the voluntary carbon market, announcing on Thursday an Indian soil carbon initiative while donating to a cross-stakeholder initiative to standardise credits.
Read MoreShell ups use of carbon offsets in bolstered climate goals
Oil major Shell nudged up its use of carbon credits last year and still expects a 20-fold increase in its retirement of the units by the end of the decade, it said in a progress report on Wednesday.
Read MoreDenmark proposes domestic carbon levy for ETS-covered firms
Danish EU ETS-covered companies should face a carbon fee of DKK 75/t (around €10) in 2025, rising annually to the equivalent of €50/t over five years, the government proposed on Wednesday.
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