UK’s climate committee urges govt to make electricity cheap again
The UK Climate Change Committee (CCC) has told the government that it must make electricity cheaper to help the UK meet its key climate targets in its 2025 report to parliament, which was released on Wednesday.
Read MoreDATA DIVE: Carbon removals market faces supply crunch with new buyers coming to the fore
The market for carbon removal credits is increasingly seeing demand outstrip supply, with credit deliveries unable to keep up with the rate of purchases, analysis by Carbon Pulse shows.
Read MoreEU gas demand to fall 7% by 2030 as renewables surge -report
Gas demand in the European Union is projected to fall by 7% by 2030, as member states accelerate their shift toward renewables and electrification, according to a report released Tuesday by clean energy think tank Ember.
Read MoreCrown Estate to invest up to £400 mln in UK offshore wind
The UK Crown Estate has laid out plans to invest up to £400 million in offshore wind, in a move to support new infrastructure – including ports, supply chain manufacturing, as well as research and testing facilities.
Read MoreBRIEFING: Host country capacity building now the focus, as Article 6 shifts to implementation
While Article 6 implementation has gathered pace in the months since last November’s historic COP29 decision, there is still a lot of work to be done, particularly in capacity building across host countries, many of which still need to finalise key carbon markets regulation before they are “open for business”.
Read MoreExperts clash over merits of ‘contribution’ claims
Experts from a standards setter, the German government, and a think tank disagreed over the merits of the move towards a ‘contribution’ model for carbon credit purchases on Wednesday.
Read MoreINTERVIEW: Govt should regulate us, says ratings agency co-founder
A UK carbon credit rating agency has called on governments to regulate the industry, saying the emerging use of Article 6 credits in compliance programmes across the globe requires governments to ensure carbon projects meet expected environmental standards.
Read MoreArticle 6 credits with corresponding adjustment trading at up to $40/t -analyst
Article 6 credits with a corresponding adjustment are trading at up to $40/tonne, according to an analyst.
Read MoreBrazil eyeing 5-20% threshold for carbon credit use in ETS, govt official confirms
The Brazilian ETS will allow the use of carbon credits to cover between 5-20% of emissions by regulated entities, a Brazilian Ministry of Finance official confirmed on Wednesday, with the exact share to be determined by the end of 2026.
Read MoreGlobal carbon revenues fall but 28% of emissions now covered by carbon pricing
Global carbon revenues fell in 2024, but for the second year in a row over $100 billion was raised for public budgets from pricing systems, according to a report released Tuesday.
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