COP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups
A provision that “encourages” scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.
Read MoreCOP29: Global initiative to develop climate-smart farming raises $29.2 bln ahead of wind-down
A global initiative led by the US and UAE to develop climate-smart agriculture and secure the world’s food systems from the impacts of rising temperatures and droughts has raised $29.2 billion in investment, it was announced on Monday.
Read MoreVeteran carbon trader to join Vitol as current head of carbon set to retire
Vitol has appointed a veteran emissions trader to its carbon and environmental products division, as the current head of division is set to retire.
Read MoreNorway, Iceland struggling to meet their old 2030 climate targets -report
Norway faces a significant shortfall in reaching its previous 2030 emissions reduction goal of 40% below 1990 levels, while Iceland could also fall short of tighter targets, according to a report published last week.
Read MoreEXCLUSIVE INTERVIEW: From C-Quest Capital’s ashes, a new Bridge is built
Senior executives and a major investor in beleaguered developer C-Quest Capital (CQC) have launched their own company, Bridge Carbon, acquiring CQC’s best projects as the firm is wound down after its founder was indicted on fraud charges.
Read MoreEXCLUSIVE: More carbon standards fully approved to supply CORSIA credits for current phase
UN aviation body ICAO has awarded full approval to four more voluntary carbon standards for Phase 1 of CORSIA (2024-26), Carbon Pulse has learned, meaning their credits will become eligible for use by airlines during the current stage of the international offsetting scheme.
Read MorePOLL: Negative sentiment engulfs UK ETS, from carbon price outlook to EU linking prospects
UK carbon prices are expected to remain around current levels through next year, with analysts maintaining a generally bearish outlook for the market due to persistent oversupply, delayed policy reforms, and wider challenges that many think will all but ensure the ETS is not re-connected to Europe’s this decade.
Read MoreUK publishes proposed regulations formalising changes to ETS announced last year
The UK government has formally proposed legislation across the country’s four parliaments that would put into effect major changes to the British carbon market that were announced last year, according to a statement from the ETS Authority.
Read MoreMore than half of EU’s big emitting installations no longer participate in ETS, study finds
Around 35% of installations have exited the EU ETS since its inception, while a further 16% have stopped operating, according to a new analysis.
Read MorePOLL: Analysts slash EU carbon price forecasts as bearish factors continue to dominate
Analysts have slashed their forecasts for EU carbon allowance prices across the board, amid ongoing supply pressures and reduced demand from European power and industrial emitters.
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