SB62: Annex I for Adelaide? Turkiye’s “bargaining chip” in battle to host COP31
Turkiye has indicated a willingness to drop its competing bid for the 2026 UN climate summit and let Australia and Pacific island nations host COP31 in Adelaide, sources told Carbon Pulse, but what Ankara wants in return may prove too steep a price to pay.
Read MoreCoalition of EU states push for reforms to ETS2 to thwart fuels price spike -Bloomberg
A coalition of EU member states is calling for changes to the bloc’s upcoming carbon market for transport and heating fuels, warning that unchecked price increases could trigger a public backlash and threaten support for the bloc’s climate goals, according to a draft document seen by Bloomberg.
Read MoreEU Commission warns Hungary over charges on free carbon allowances
The European Commission on Wednesday launched legal action against Hungary for imposing charges on companies receiving free emissions allowances under the EU ETS, arguing the measures breach bloc-wide climate rules.
Read MoreNorway, Switzerland complete first carbon removals ITMO trade under Article 6
The governments of Norway and Switzerland have completed the first international transfer of carbon removal credits under Article 6.2 of the Paris Agreement, in a pilot deal structured by a CDR portfolio manager and supported by a Swiss buyers’ coalition.
Read MoreZimbabwe authorises up to 2.86 mln Article 6 credits, with 5k receiving corresponding adjustments
Zimbabwe has issued a Letter of Authorisation (LoA) for up to 2.855 million Article 6 Internationally Transferred Mitigation Outcomes (ITMOs), issued or to-be-issued, to a cookstove project, with 5,000 of those credits receiving corresponding adjustments, the developer confirmed to Carbon Pulse on Monday.
Read MoreBRIEFING: Industry experts warn of “zombie” biochar companies as sector faces reckoning
Experts have issued a stark warning about the proliferation of unsustainable “zombie” biochar companies, highlighting critical challenges facing the emerging carbon removals technology.
Read MoreBRIEFING: Carbon removals sector still on the up, but market anxious amid “crisis narrative”
Large carbon removal (CDR) transactions are being made behind the scenes despite a more challenging narrative around corporate climate action, but capital must continue to flow into the sector to avoid a supply-side collapse over the next few years, an industry conference heard Tuesday.
Read MoreQ1-25 airline traffic trends reinforce top-end 160 Mt forecast for 2024-26 CORSIA demand -IATA
The International Air Transport Association’s (IATA) latest calculations, based on airline traffic numbers for Q1 2025, continue to suggest that demand under the international CORSIA offset scheme during its current trading phase could near or even exceed 160 million tonnes.
Read MoreCalifornia class action suit targets RJ Reynolds for using dubious offsets to market Vuse vapes as carbon neutral
RJ Reynolds Vapor Company and its parent British American Tobacco (BAT) are facing a proposed class action lawsuit in California alleging they misled consumers by falsely claiming that their Vuse vape products are carbon neutral by using offsets tied to questionable forestry projects.
Read MoreEuro Markets: EUAs fall 1.5% after early excitement around halted US tariffs, TNAC figure
Benchmark EUA futures fell 1.5% on Thursday, retreating from a one-week high earlier in the day fuelled by excitement about the latest TNAC figure and news that President Donald Trump’s wide-reaching tariffs have been blocked by a US court.
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