Polish PM calls for review of EU Green Deal laws, delay of ETS2
Poland’s prime minister has blamed EU regulations for high energy prices and warned against introducing the bloc’s emission trading system for heating and transport (ETS2) in 2027, in a speech to the European Parliament on Wednesday.
Read MoreMicrosoft seals large deal for 3.5 mln Amazon rainforest carbon credits in bid to offset AI emissions
Microsoft will buy an estimated $200 million worth of carbon credits to restore parts of Brazil’s Amazon and Atlantic forests amid a surge in emissions driven by artificial intelligence, it was announced on Wednesday.
Read MoreCommodity trader teams up with non-profits in bid to raise carbon finance for Amazon protection
A multinational commodity trader has combined with two non-profits to launch an initiative aimed at mobilising billions in private-sector investment for Brazilian rainforest protection, including via REDD+ finance.
Read MoreMajor economies defend Just Energy Transition Partnerships (JETPs) in joint statement
Major economies published a joint article to defend the importance of Just Energy Transition Partnerships (JETPs) on Tuesday, and to reaffirm their commitment to raising climate finance.
Read MoreINTERVIEW: EU could accept Article 6 credits for CBAM, ETS — if they’re strong enough, says ex-top official
The EU could accept international carbon units in its Carbon Border Adjustment Mechanism (CBAM), ETS, or ETS2 schemes — as long as the credits are of a high enough quality, according to a former top climate official.
Read MoreMajor e-commerce platform inks two new carbon removal deals
An e-commerce platform has signed an agreement for 5,000 tonnes of enhanced rock weathering (ERW) credits with a company developing projects in the Global South, and a separate deal with Sweden-based biochar developer for an undisclosed amount of credits.
Read MoreEU carbon prices to average in the €90s on policy-induced supply squeeze, analysts predict
Benchmark European carbon prices could average €92 this year due to EU ETS policy changes, gas-to-coal switching, and the bloc’s 2040 emission target announcement, analysts said on Thursday.
Read MoreClimate and environmental risk could halve GDP by end of the century -UK actuary body
Global GDP could be halved between 2070 and 2090 due to risks posed by the climate crisis currently unaccounted for in climate policies, a new report by the UK actuary professional body revealed on Thursday.
Read MoreFEATURE: More IMO member states align behind proposed GHG levy for shipping
The prospect of a global emissions levy on shipping is getting closer to reality, according to a recent briefing and document from the UN’s International Maritime Organization (IMO).
Read MoreFEATURE: Trump return adds uncertainty to CORSIA future as next phase approaches
US President-elect Donald Trump’s return to the White House and an upcoming EU review are raising uncertainty about whether the UN Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) will be implemented by enough countries to take a bite out of the sector’s rising emissions.
Read More