Oil-rich Kuwait sets meagre emissions goal in updated NDC on pledge deadline
Oil-rich Gulf state Kuwait has pledged to cut its emissions 7.4% under BAU levels by 2035 in its revised NDC submitted on Tuesday, far off the 45% global GHG cut thought needed to meet the Paris Agreement’s 1.5C warming goal.
Read MoreSeveral nations produce revised Paris pledges ahead of latest UN deadline
A handful of countries submitted revised Nationally Determined Contributions (NDCs) to the Paris Agreement on Monday, just ahead of the cut-off for the UN to include the pledges in its final report ahead of the COP26 Glasgow summit.
Read MoreTwenty-four nations join EU-US alliance to slash methane emissions
Some 24 new countries on Monday joined the ranks of an EU-US-led initiative aimed at accelerating methane emission cuts, providing a boost to the fast-approaching COP26 UN climate summit in Glasgow.
Read MoreCARBON FORWARD 2021: EU industry to face diverging carbon costs from new policies
The EU’s heavy industry could face considerably different carbon costs through 2050 as proposed changes under the European Commission’s Fit for 55 package leads to variations between both sectors and locations, a conference heard this week.
Read MoreRWE retains top spot in EU ETS corporate emitter list -report
German utility RWE held its place as the biggest corporate emitter in the EU ETS last year, amid a major drop-off in CO2 output among the market’s major polluters, a report found Thursday.
Read MoreCARBON FORWARD 2021: Analysts eye double-digits for CORSIA-eligible VERs
Analysts expect prices to hit and potentially exceed $10/tonne for CORSIA-eligible voluntary emissions reductions (VERs) within months, despite urging caution over how the voluntary market will develop in the coming years.
Read MoreCARBON FORWARD 2021: Key MEP urges EU to see past high energy prices, while Commissioners downplay ETS intervention
Current sky-high energy prices must not divert EU lawmakers from reforms to meet the bloc’s climate goals, a senior MEP said on Wednesday while the bloc’s ministers were divided on the issue.
Read MoreJapan links with industry to develop CO2 capture offset crediting standards
Japan’s Ministry of Energy, Trade, and Industry (METI) will cooperate with domestic and international industry to develop a common understanding and standards for a mechanism to allow CCS and CCUS projects earn carbon credits.
Read MoreVCM Report: VER issuances, retirements double in third quarter over 2020 levels
Voluntary carbon market (VCM) prices largely held steady or ticked up over the past week, while registry data showed voluntary emissions reduction (VER) issuances and retirements more than doubled in Q3 when compared to last year.
Read MorePM Johnson aims for fully clean UK power mix by 2035
UK Prime Minister Boris Johnson wants Britain to have a fully “clean” power grid by 2035, he said on Monday, aligning with expert views on how to meet the country’s climate goals.
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