International emissions trading association releases guidelines on voluntary carbon credit use
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
Read MoreFrance latest to join global pro-carbon pricing alliance
France has become the latest country to join a group of nations pledging to expand carbon pricing mechanisms around the world, its government announced on Friday.
Read MoreTop German steelmaker to cut production citing energy costs, climate policies
Germany’s largest steelmaker has announced plans to reduce output by around 20% because of consistent high energy costs “owing to climate policy objectives” and pressure from Asian competitors, the company’s executive board said Thursday evening.
Read MoreInsurance companies must stop covering climate change-inducing activities -report
Insurance companies need to implement transition plans to manage climate-related risks, or financial instability will unfold, a report published on Thursday warned.
Read MoreSerbia joins central and southern Europe regional energy exchange as part of preparations for CBAM
Serbia will join Hungary and Slovenia’s regional energy exchange to encourage development and help the country avoid the EU’s new Carbon Border Adjustment Mechanism (CBAM) fee, it announced this week.
Read MoreEU’s carbon removal framework passes penultimate legislative hurdle
The European Parliament voted in favour of EU co-legislators’ deal on the world’s first framework to define carbon removals on Wednesday, bringing the legislation close to the finish line.
Read MoreFEATURE: Italy’s close ties to fossil fuel producer Eni jeopardise the country’s status as a climate leader
The Italian government’s close relationship with partly state-owned fossil fuel producer Eni complicates Italy’s plan to become carbon neutral by 2050 and threatens its reputation as a credible climate leader.
Read MoreInternational steel competitors may reserve low-carbon products for EU to bypass CBAM -industry
International competitors of the European steel industry may bypass the bloc’s Carbon Border Adjustment Mechanism (CBAM) fees by building specific low-carbon facilities whose products will be reserved for the EU market, the head of a regional association said on Tuesday.
Read MorePressure mounts on EU member states to plug conventional and clean shipping fuel cost gap -stakeholders
The pressure to bridge the gap between conventional and clean fuel for the shipping sector is shifting to EU member states, a panel at the European Parliament heard on Tuesday, while key industry stakeholders also stressed the need to reserve climate solutions for hard-to-abate sectors like maritime and aviation.
Read MoreUK taskforce delivers sector-specific corporate guidelines for climate transition disclosure plans
The UK’s Transition Plan Taskforce (TPT) on Tuesday unveiled its latest sector-specific transition strategy to guide businesses in their plans to reach net zero, with sections including recommendations for voluntary carbon market engagement.
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