European utility EPH signals divestment plans for its big-emitting assets
Privately-held European power generator EPH has flagged plans to transfer its big-emitting lignite operations into a new sister company to enable its core business to wipe coal off its balance sheet by 2030 while the jettisoned facilities are expected to carry on longer.
Read MoreEU awards €3.6 bln from ETS-financed Innovation Fund, increases pot for the next call
The European Commission on Thursday announced the results of the third call for large-scale projects under the bloc’s EU ETS-financed Innovation Fund, with €3.6 billion being disbursed to 41 clean tech activities.
Read MoreINTERVIEW: Startup seeks broader revenue base than carbon for nature projects in Africa
A Berlin-based startup is approaching several sub-Saharan African governments with the aim to develop nature-based conservation and restoration projects, seeking to tap multiple revenue streams including carbon finance to deliver more resilient outcomes.
Read MoreVerra culls wetlands from revamped REDD methodology, timeline for release slips
Carbon credit certifier Verra removed wetlands as an eligible land type in an interim update to its sweeping consolidated REDD methodology released on Wednesday, with the document revealing a delay to the expected publication of a final version.
Read MoreUAE ups Paris emissions pledge as it prepares to host key climate summit
The UAE has revised its Paris Agreement emissions pledge, with the host of the upcoming COP28 UN climate summit setting an absolute GHG cut goal for the first time while flagging plans for an emissions trading mechanism.
Read MoreGold Standard pauses Zimbabwe carbon project issuances as government crafts revenue plans
Certifier Gold Standard has paused issuances of carbon credits from projects based in Zimbabwe until it learns more about the government’s plans to take revenue from such activity.
Read MoreVCM Report: Vintage roll drives rebound in standardised spot contracts, as VCMI aviation signal provides added boost
Standardised carbon credits moved higher for a second consecutive week as the roll of two Xpansiv CBL contracts into new vintage eligibility years fed in support to the market, while news that buyer standards body VCMI has adopted CORSIA-eligible units within its rulebook continued to boost related products.
Read MoreInsetting may not be any better than offsetting, says carbon credit integrity expert
Companies turning to insetting as a knee-jerk reaction to criticism about offsetting practices may not be pursuing an approach that is any more credible, a leading expert on carbon credit quality told a conference on Friday.
Read MoreCitigroup eyes carbon credit investments in wake of JPM “signal”, despite demand drop
Citigroup is considering investing some of its own money in carbon credits though would likely take a broader view than rival JP Morgan Chase’s approach, a conference heard on Friday from an executive at the US bank who viewed the voluntary carbon market’s current ‘decline’ as temporary.
Read MoreEuropean Commission seeks EU’s withdrawal from Energy Charter Treaty
The European Commission on Friday launched a process for the EU to withdraw from the controversial Energy Charter Treaty due to the pact’s incompatibility with the bloc’s climate law and policy, following unilateral exit moves from some states and pressure from lawmakers.
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