TotalEnergies confirms role for nature-based credits in near-term climate plans
French oil major TotalEnergies intends to source 100 million nature-based carbon credits by 2030 as part of its plans to offset its Scope 1 and 2 residual emissions, the company said Thursday.
Read MoreICE plans May launch for its first foray into voluntary carbon market
The Intercontinental Exchange (ICE) is planning a May launch for its first nature-based carbon credit futures contract, giving buyers access to the fast-growing voluntary carbon market.
Read MoreUK industries urge government to shield them from Gazprom collapse
UK heavy industries are urging the British government to protect them from the potential collapse of a subsidiary of Russian energy firm Gazprom, one of Britain’s biggest suppliers of gas.
Read MorePoland’s PGE reports 23% rise in coal power output for 2021
Polish utility PGE reported a 23% rise in its coal-fired power generation, it said in financial results on Tuesday, outpacing an 18% rise in its overall output amid a post-pandemic demand recovery.
Read MoreGulf-based carbon standard eyes 2022 issuance of 25 mln credits as pipeline clears
The first carbon credit standard in the Middle East expects to issue some 25 million offsets this year, as hundreds of projects build in its pipeline.
Read MoreTributes after senior UN, voluntary carbon markets negotiator dies
Tributes are pouring in for one of the developing world’s foremost climate negotiators, who died this week just days after advancing efforts to improve the environmental integrity of the voluntary carbon markets.
Read MoreEU nations stumble over plans for second carbon market
A growing number of EU member states are prepared to support a second ETS for buildings and transport, a meeting of the bloc’s environment ministers showed on Thursday, though wrangling over a related fund risks sowing division.
Read MoreEU approves indirect ETS cost compensation plans by Spain, Czechia
The European Commission on Wednesday approved plans by Spain and Czechia to compensate their ETS-covered industries for indirect costs caused by power producers passing on the cost of paying for their carbon allowances.
Read MoreAmid US Supreme Court threat, EPA plans multi-pronged approach to tackling power CO2 output
The US EPA is seeking to integrate its regulations on power generators, aiming to ensure the sector delivers GHG emissions cuts indirectly in the event that the Supreme Court rules the agency cannot act in a direct way, Administrator Michael Regan said Thursday.
Read MoreCOP27 host Egypt eyes closer links with US energy majors
Egypt is forging closer ties with US energy majors Chevron and ExxonMobil ahead of its November hosting of COP27 UN climate negotiations, the nation’s energy minister told a conference on Wednesday while speaking of his plans to export clean hydrogen to Europe.
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