Estonian PM questions participation in EU ETS after Estlink2 cable outage
Estonia’s Prime Minister Kristen Michal has criticised the country’s participation in the EU Emissions Trading System (EU ETS), as the country weathers an energy crisis and the fallout from a damaged undersea power cable.
Read MoreUN cancels tender to build centralised Article 6 registry system
A UN tender to build a centralised registry system for carbon trading under Article 6 of the Paris Agreement has been cancelled, Carbon Pulse has learned, though an interim solution is expected to be operational by year’s end.
Read MoreDozens of airlines scoop up CORSIA credits “in the low $20s” at special auction -sources
Dozens of airlines have purchased several hundred thousand CORSIA-eligible carbon credits in a special auction organised earlier this month by the Guyanese government, trading firm Mercuria, and exchange operator CBL Xpansiv, sources said.
Read MoreGEM’s carbon registry sale to Qatar’s GCC cancelled
Global Environmental Markets’ (GEM) sale of its fully integrated carbon registry business to Qatar-based offset standards body Global Carbon Council (GCC), which was announced at COP28 in Dubai last year, has been cancelled, the parties told Carbon Pulse.
Read MoreEU court dismisses lime maker’s challenge over free carbon allowance allocations
An EU court has dismissed two cases brought by a lime producer that sought to overturn a European Commission decision amending the free allocation of carbon allowances for its installations.
Read MorePoor health of former CQC executive Newcombe delays US fraud trial
A US District Court judge on Thursday delayed the trial of former C-Quest Capital executives Ken Newcombe and Tridip Goswami, who both face federal fraud charges, with the ex-CEO to be placed in a protective “bubble” as he undergoes drastic cancer treatment.
Read MoreMajor carbon ETF adds Washington state allowances to holdings after market survives vote
A major US-listed carbon ETF has added Washington state’s cap-and-trade allowances to its holdings in its latest reweighting.
Read MoreAI-powered climate tech firm discontinues VCM platform, services
An AI-powered climate tech company has shut down its online voluntary carbon market platform and halted access to its project data and other services.
Read MoreCarbon project ratings agency lays off dozens of staff amid voluntary market slowdown
A carbon project ratings agency has laid off dozens of staff members amid a company restructuring campaign, Carbon Pulse has learned.
Read MoreCOP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.
Read More