Germany’s plans to hike domestic carbon price hit political snag -Bloomberg
Germany’s plans to put its domestic carbon price for buildings and transport back on its pre-energy crisis upward trajectory are in question amid a ministerial clash, Bloomberg reported on Wednesday, citing anonymous sources.
Read MoreBulgarian court defers anti-pollution decision to enable coal power plant to keep running
Bulgaria’s supreme court deferred a decision on Tuesday that could have shut down one of the biggest coal power plants in the EU ETS, according to green groups frustrated that their long-running air pollution battle is now set to continue.
Read MoreVCM Report: Prices slip as exchange volume shifts back to nature credits
The prices of most standardised voluntary carbon market contracts fell over the past week with volume concentrated on project-specific nature-based projects, one exchange noted, as the market digested the publication of a much-awaited set of guidelines for carbon credit supply.
Read MoreUK confirms support for two more CCS plants, to grant more than 100 oil and gas licences
The UK government will provide financial backing to the nation’s third and fourth CCS projects, Prime Minister Rishi Sunak said on Monday while announcing plans for more than 100 oil and gas licences that he insisted were compatible with the nation’s binding 2050 net zero emissions target.
Read MoreG20 environment ministers summit ends without climate agreement
A meeting of G20 environment ministers ended late on Friday without agreement on major climate issues, though the politicians were keen to stress the potential of emissions trade to enhance climate action despite being divided on whether to discuss the EU’s carbon border measures.
Read MoreEU Market: EU carbon notches 3% weekly loss ahead of auction cull
EUAs continued their retreat from a mid-week five-week high on Friday to record a 3% weekly loss, even as the August halving of auction supply looms.
Read MoreEU court rules against Swedish firm’s bid to stay in the EU ETS
A top EU court has ruled against a Swedish company’s bid to stay in the EU ETS despite its exclusively biomass-fueled operations that had resulted in the facility having almost no reportable CO2 emissions.
Read MoreGerman court rules against another company’s climate neutrality claim – NGO
A German regional court has ruled that a retail firm’s climate neutrality claims lack sufficient credibility, the latest in a series of cases brought by an NGO alleging that carbon credits underpinning such voluntary corporate claims are unfit for purpose.
Read MoreUAE asset manager flags plans for $250 mln carbon removals-focused investment fund
A UAE-based asset management firm plans to launch a $250 million fund to invest in carbon credit and other climate-related projects, the company announced on Tuesday as the first of its kind in the Middle East.
Read MoreStartup raises $25 mln to build durable carbon removal registry
A software startup has raised $25 million to build a registry exclusively focused on durable carbon removals that is set to feature a revenue model to guard against giving perverse incentives to over-credit.
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