EU ETS verified emissions fell 5% in 2024, European Commission says
Verified emissions reported from installations and aircraft operators covered by the EU ETS fell by 5% year-over-year in 2024, the European Commission said Friday.
Read MoreGermany moves to cancel EU ETS allowances linked to 2022 coal plant closures
Germany’s Federal Cabinet this week adopted a formal communication to the European Commission seeking the cancellation of EU ETS allowances linked to the closure of two coal-fired power plants in 2022, in a bid to ensure that the phaseout delivers genuine climate benefits.
Read MoreUPDATE – Despite sales bump, carbon project financier flips to 2024 net loss on portfolio value cut
A Canadian-headquartered carbon project financier has reversed its 2023 profitability by reporting a net loss of $28.9 million for full-year 2024, driven primarily by unrealised losses on investments, despite a rise in revenue from offset sales.
Read MoreUPDATE – Carbon project financier doubles net loss, slashes headcount following massive portfolio write-down
A Canadian-headquartered carbon project financier nearly doubled its net loss in 2024 and has cut its workforce by more than 80% as part of an ongoing restructuring effort following a massive portfolio writedown.
Read MoreYou belong with COP30: Organisers, fans brace for Belem takeover as Taylor Swift joins climate summit
Global pop superstar Taylor Swift has been appointed Global Youth Engagement Ambassador for COP30, the upcoming UN climate summit in Belem, Brazil, sparking an unexpected tidal wave of interest from her devoted fanbase — and prompting organisers to radically rethink logistics.
Read MorePOLL: Analysts predict EU ETS emissions fell 5-8% in 2024
Verified emissions covered by the EU ETS continued their downward trend in 2024, analysts polled by Carbon Pulse predict, with total output seen 5-8% lower year-on-year.
Read MoreUK investor announces $75-mln facility to boost climate resilient agriculture in Pakistan
A British development finance institution has launched a $75 million facility in efforts to support farmers and agribusinesses in Pakistan by enhancing their resilience to climate change.
Read MoreUS pulls funding from international loss and damage, energy transition programmes
The US has withdrawn from the UN’s Fund for Responding to Loss and Damage from climate change and the Just Energy Transition Partnership (JETP), a multi-billion-dollar initiative aimed at helping developing nations transition from coal to cleaner energy sources, the US Treasury Department announced this week.
Read MoreUPDATE – Tumbling EUA prices may reflect future supply fears, but analysts see buying opportunity
The recent steep drop in EU carbon prices represents a buying opportunity, analysts said Thursday, as the future supply risks that have emerged recently are seen as unlikely to significantly alter the market shortages expected over the next two years.
Read MoreDelays and oversupply: Voluntary carbon market faces structural challenges as growth stalls -analysis
The voluntary carbon market faces structural inefficiencies – including issuance delays and oversupply – that could hinder its growth, putting it at a disadvantage to other climate-related investment vehicles such as green bonds, according to a new report.
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