Azerbaijan boosts decarbonisation target, considers carbon tax -media
COP29 host Azerbaijan has boosted its decarbonisation target and is considering the introduction of a carbon tax, said ministers at an Azerbaijani conference, according to local media.
Read MoreFII24: INTERVIEW – Global North compliance schemes should be open to Global South credits, says Kenyan DAC CEO
Compliance carbon markets in the Global North should be open to accepting high-quality carbon removal credits from Africa, with any argument to the contrary illogical, the CEO of a Kenyan direct air capture (DAC) project developer told Carbon Pulse.
Read MoreFII24: Carbon registries urged to integrate AI into methodologies
Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said.
Read MoreFII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO
Saudi Arabia has global ambitions for its soon-to-launch carbon credit exchange, and is aiming for the platform to compete with the CBL exchange that currently dominates voluntary carbon market trades, the CEO of the country’s state-backed VCM company told Carbon Pulse on Wednesday.
Read MoreFII24: Saudi Arabia to launch compliance carbon market within three years, close behind voluntary exchange -minister
Saudi Arabia is looking to launch a national compliance carbon market in the next two to three years, the country’s energy minister revealed on Tuesday.
Read MoreFII24: “Massive” hydrogen company to launch in Saudi Arabia, with Europe a key target market
A ‘massive’ green hydrogen company is set to be launched by Saudi Arabia’s Public Investment Fund, with European industrial companies a key target market.
Read MoreBRIEFING: Singapore, India, and others drive ‘big year’ for Asian voluntary carbon markets
Landmark policy announcements across markets including Singapore, India, and other countries have ensured a “big year” for Asian voluntary carbon markets, according to attendees at the IETA Asia Climate Summit, which took place this week in New Delhi.
Read MoreBRIEFING: With a year until full implementation, how Europe’s CBAM is driving ETS policy in Vietnam, China, and Taiwan
Nearly halfway through its transitional phase, Europe’s Carbon Border Adjustment Mechanism (CBAM) has become a major driver of carbon market policy across Asia, attendees at an industry conference in New Delhi heard this week.
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 MoreInvestors increasingly speculating on Article 6 credits, says ratings agency
Demand-side signals for Article 6 credits are positive, with investors increasingly speculating on the units expected to be approved for trade, a rating agency representative told a conference Wednesday.
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