Europe’s big banks have ‘incoherent’ climate plans -report

Published 00:02 on November 5, 2024  /  Last updated at 17:54 on November 4, 2024  / /  EMEA

Europe’s largest banks have climate plans that are low in ambition and “incoherent”, a report published by a British NGO on Tuesday has found.

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Azerbaijan boosts decarbonisation target, considers carbon tax -media

Published 11:48 on November 1, 2024  /  Last updated at 12:04 on November 1, 2024  / /  Carbon Taxes, EMEA

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.

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FII24: INTERVIEW – Global North compliance schemes should be open to Global South credits, says Kenyan DAC CEO

Published 10:18 on November 1, 2024  /  Last updated at 10:18 on November 1, 2024  / /  EMEA, EU ETS, Middle East, UK ETS, Voluntary

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.

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FII24: Carbon registries urged to integrate AI into methodologies

Published 07:06 on October 31, 2024  /  Last updated at 07:06 on October 31, 2024  / /  EMEA, Middle East, Nature-based, Voluntary

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. 

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FII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO

Published 18:35 on October 30, 2024  /  Last updated at 18:35 on October 30, 2024  / /  EMEA, Middle East, Voluntary

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.

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FII24: Saudi Arabia to launch compliance carbon market within three years, close behind voluntary exchange -minister

Published 15:09 on October 29, 2024  /  Last updated at 17:15 on October 30, 2024  / /  EMEA, Middle East, Voluntary

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.

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FII24: “Massive” hydrogen company to launch in Saudi Arabia, with Europe a key target market

Published 15:04 on October 29, 2024  /  Last updated at 15:22 on October 29, 2024  / /  EMEA, EU ETS, Middle East

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.

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BRIEFING: Singapore, India, and others drive ‘big year’ for Asian voluntary carbon markets

Published 16:07 on October 25, 2024  /  Last updated at 16:07 on October 25, 2024  / /  Asia Pacific, Australia, Japan, Other APAC, South Korea, Voluntary

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.

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BRIEFING: With a year until full implementation, how Europe’s CBAM is driving ETS policy in Vietnam, China, and Taiwan

Published 13:52 on October 25, 2024  /  Last updated at 13:52 on October 25, 2024  / /  Asia Pacific, CBAM, China, EU ETS, Other APAC

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.

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POLL: Negative sentiment engulfs UK ETS, from carbon price outlook to EU linking prospects

Published 02:27 on October 25, 2024  /  Last updated at 02:27 on October 25, 2024  / and /  EMEA, EU ETS, UK ETS

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.

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