BRIEFING: UK could face hefty export tax on electricity under EU’s CBAM
The UK risks facing a tax on electricity exports to the EU in the range of £40-50 (€43-55) per megawatt-hour under the bloc’s Carbon Border Adjustment Mechanism (CBAM), experts told a webinar Friday about the UK’s need for electricity market reform.
Read MoreRooftop solar is warming up with UK households even as industry struggles financially
UK households are getting savvier about saving on their energy bills through installing rooftop solar, but the European market overall isn’t looking so rosy with persistently tough economic conditions and many providers struggling financially, say industry stakeholders.
Read MoreBRIEFING: UK to hold producers responsible for packaging lifecycle under forthcoming regulation
The Extended Producer Responsibility (EPR) scheme set to launch next year in the UK will require packaging producers to report how much they produce, and pay associated fees, though it is unclear how high those costs could go, say industry experts.
Read MoreFrench bank launches sustainable forest fund with carbon data a key focus
A French bank has launched a sustainable forestry fund that will collect in-depth carbon data, saying this will give it a competitive advantage as companies up the value chain prepare to comply with EU reporting obligations.
Read MoreFEATURE: Vertical farms in UK, Saudi Arabia grow trees fast, aiming to generate carbon credits
Vertical farm developers in England and Saudi Arabia say they can grow trees faster and healthier than with conventional methods. The companies aim to generate credits from reforestation, with oil companies and data centres among the potential first buyers.
Read MoreSustainable projects need more than internal carbon price to be viable, says food and beverage company
A food and beverage multinational on Thursday told a webinar that making the business case for sustainability projects needs more than an internal carbon price to be financially viable, and so turns to a different set of metrics when evaluating which investments to make.
Read MoreUK finance minister outlines reforms to drive growth in green finance, clean energy
UK Chancellor of the Exchequer Rachel Reeves pledged to fire up competitiveness in the country’s financial services sector during her first Mansion House speech on Thursday evening, planning to boost private investment in clean energy and make the UK a global leader in sustainable finance.
Read MoreINTERVIEW: Air sample monitoring could provide real-time carbon reporting accuracy, firm says
A developer of atmospheric emissions monitoring for carbon markets said its approach could improve the accuracy of monitoring, reporting and verification (MRV) of nature-based projects, and potentially lead to more credits being issued than otherwise assumed using conventional methods.
Read MoreLarge home retailer invests €1.5 bln to speed up fossil fuel phaseout
A large home retailer is investing €1.5 billion in renewable energy at its sites to phase out the direct use of fossil fuels under a target to reduce its operational carbon footprint 85% by 2030.
Read MoreCarbon project developer in Africa surges ahead with Article 6 activities, expects first authorisation letter soon
A developer of clean cooking and clean water projects in Rwanda and Ghana expects to achieve its first letter of authorisation over the next few months to begin trading carbon credits under Article 6.2, and is in advanced talks with multiple international governments, its CEO told Carbon Pulse.
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