EU leaders postpone decision on energy crisis, ETS intervention
EU leaders postponed a decision on bloc-wide measures to tackle surging energy prices and ETS speculation late on Thursday, tasking their energy ministers to reach agreement as soon as next week.
Read MoreDocument leak shows fossil fuel exporting nations’ IPCC push on CCS, carbon trading
A leak of government inputs into part III of the UN-backed IPCC scientific panel’s upcoming landmark climate report shows how several nations are pushing for a prominent role for CCS and carbon trading in global mitigation efforts.
Read MoreHeavy industries urge EU leaders to step in to ease energy crisis
The EU’s energy intensive industries on Wednesday urged EU leaders to lean on gas suppliers to help ease the current price surge, and to act to avoid sudden increases in carbon prices in future.
Read MoreUK unveils net zero strategy, selects two CCS projects
The UK government set out its strategy for meeting its net zero 2050 target on Tuesday, fleshing out more medium-term policy details and selecting two CCS projects for funding.
Read MoreShell predicts threefold growth in voluntary carbon market
Oil major Shell expects trading in the voluntary carbon market to increase by around threefold to 1.1 billion tonnes of CO2e a year by 2030, though rising corporate demand could exceed supply within a few years due to a lack of high-quality projects.
Read MoreVCM Report: VER price slump deepens as issuance pressure builds
Standardised, CORSIA-grade voluntary emissions reduction (VER) prices came under further pressure this week, consolidating the downturn of a week earlier amid signs of a ramp-up in issuances.
Read MoreProspective German coalition agreed on 2030 coal exit
Germany’s potential ‘traffic-light’ coalition has agreed on key policy issues as part of their efforts to form a government, including a coal exit by 2030, according to a document that will form the basis of further talks.
Read MoreBrazilian businesses urge government to yield on Article 6
A Brazilian business organisation is urging the government to give up its opposition to fully applying corresponding adjustments on exported carbon credits, potentially easing the path to a deal on the Paris Agreement’s Article 6 rulebook next month.
Read MoreSwitzerland agrees bilateral crediting deals with Georgia, Dominica
Switzerland has approved bilateral agreements with Georgia and Dominica, enabling the two nations to sell it carbon credits to help meet its Paris Agreement emissions pledge.
Read MoreBrussels ‘toolbox’ avoids EU ETS intervention, asks for trading probe
The European Commission avoided calls for EU ETS intervention in its ‘toolbox’ of suggested measures for member states to tackle surging energy prices published on Wednesday, ruling out speculation as a major driver of higher carbon prices but still tasking officials to investigate further.
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