Incentives work when it comes to renewable transition, says Norway PM
Incentives work in persuading people to switch to renewables, Norway’s Prime Minister Jonas Gahr Store said Thursday, pointing out that by 2025 there will be no new sales of fossil fuel-powered cars in the country.
Read MoreICE to launch CORSIA carbon credit futures to add to nature-based offering
Exchange ICE on Thursday announced plans to launch a futures contract for CORSIA-eligible carbon credits, as it steps up competition to rival bourse CME.
Read MoreSwitzerland schedules 2023-vintage allowance auction for November
Switzerland will sell 140,000 spot allowances over Nov. 13-15, the first of two planned CHU sales scheduled for this year, the government said on Wednesday.
Read MoreUN climate summit highlights ‘movers and doers’ among world leaders
A UN climate summit in New York on Wednesday that has been convened by Secretary-General Antonio Guterres to inspire quicker progress to curb global warming opened by highlighting leaders who are making an impact.
Read MoreNetherlands to pay RWE €332 million to curb coal power output
The Netherlands intends to pay RWE €331.8 million to compensate the utility for lost income due to the government’s 35% limit on coal power plant operating hours over 2022-24 to help meet climate goals.
Read MoreFrance invites offers for carbon credits to cover climate impact of Rugby World Cup
Rugby World Cup 2023 host France has launched a tender seeking offers for carbon credits to compensate for the emissions resulting from the ongoing tournament.
Read MoreUN sets out “critical” steps to put building sector on course for net zero
Net zero is achievable in the construction sector by 2050, and moving aggressively to decarbonise the built environment is critical, the UN said Tuesday in a report outlining key steps that the sector can take.
Read MoreFrench utility EDF launches carbon credit business
France’s state-owned utility EDF has set up a new carbon credit business to develop a portfolio of nature-focused projects at home and abroad, it said on Tuesday.
Read MoreCarbon Trust joins others in ceasing use of carbon neutral label
Standard body The Carbon Trust is ditching its carbon neutral label for products and replacing it with marks that focus on emissions reductions and comparisons of carbon footprints.
Read MoreVCM Report: Standardised nature-based products strengthen as wider market struggles for direction
The price of some standardised nature-based voluntary carbon contracts increased last week as volume started to return to the market following a period of low liquidity, but the market struggled to find a clear direction, with many products moving sideways.
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