EU ETS emissions rose 9.1% in 2021, preliminary data shows
Verified emissions in the EU ETS rose by 9.1% in 2021, according to incomplete and preliminary like-for-like data published by the European Commission on Friday.
Read MoreNetflix favours nature-based offsets among 1.5 mln units bought for 2021
US streaming service Netflix sourced 1.5 mln mainly nature-based carbon credits to offset its 2021 full-scope emissions, the company said this week, detailing a five-step screening RFP-based procurement.
Read MoreVerra sets out major revamp of REDD project designs
Project standard manager Verra is seeking a major revamp to its VCS forest protection projects by streamlining data collection requirements, the body said on Wednesday in a move that could have varied impacts for the credit-earning abilities of each activity.
Read MoreBritain’s GHG emissions rebound 4.7% in 2021 after pandemic-induced drop
The UK’s greenhouse gas emissions rose 4.7% in 2021, according to provisional government data released Thursday that suggested a somewhat smaller increase for ETS-covered sectors as most of the big gains came from homes and road transport.
Read MoreFEATURE: The Energy Charter Treaty and how it risks EU climate efforts
EU nations’ ability to stick to Paris-aligned emission targets is being put at risk by a 24-year-old global treaty that may force them to pay utilities billions in compensation for ditching big-emitting facilities.
Read MoreVitol’s global carbon sales jump by a third amid UK, voluntary scale-up
Commodity trading house Vitol reported a 34% year-on-year increase in its carbon sales for 2021, it said in a report published this week.
Read MoreUN climate envoy Carney eyes government role in voluntary carbon markets
Governments should ultimately regulate the voluntary carbon market (VCM), UN climate and finance envoy Mark Carney said on Tuesday, while adding the private sector should still push on with standardising the market.
Read MoreChevron announces first offset project, launches voluntary tool
US oil major Chevron has picked a reforestation project in Louisiana as its first carbon credit project, the company said Tuesday while also launching a tool to help motorists offset their climate impact.
Read MoreMitsui deepens ties with Scottish DAC plant, plans removal credit sales
Japanese trading house Mitsui signed an MOU with UK technology firm Storegga on Friday, seeking to advance the deployment of direct air capture (DAC) in Scotland via the sale of carbon removals credits.
Read MoreUK sets out plans to tighten carbon market to align with net zero goal
The UK has launched a consultation on possible changes to its emissions trading system, outlining long-flagged plans to steepen the rate of emissions cuts in line with the country’s 2050 net zero target as well as adding shipping.
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