EU’s trade commissioner seeks to balance open-door policy with protections
The EU is open for global trade, but it also needs to remain vigilant of protecting its own interests against cheaper and less sustainable rivals, the European commissioner-designate for trade and economic security, interinstitutional relations, and transparency said during the first day of European Parliament hearings on Monday.
Read MoreBRIEFING: Definition of ‘offshore ships’ in EU ETS draws criticism from industry, NGOs
The shipping industry as well as environmental NGOs have criticised the European Commission’s definition of offshore ships to be included in the EU ETS from next year, saying it will lead to confusion, market distortion, and unaccounted emissions.
Read More1.6C warming achievable with faster clean tech adoption, report says
Limiting global warming to 1.6C will be a monumental task but achievable, as renewable capacity installations are smashing records and the costs of clean technologies are falling rapidly, according to an energy consulting firm.
Read MoreFEATURE: CBAM fourth quarterly report spooking EU importers, low compliance expected
Many companies importing goods covered by the EU’s carbon tax will fail to report their actual emissions data in time for the European Commission Thursday deadline – as they struggle to navigate difficult reporting requirements, inconsistencies, and flaws in the policy, according to consultancies and businesses.
Read MoreEnvironmental data company teams up with MRV tech firm to enhance data product
An environmental data software firm has partnered with a digital monitoring, reporting, and verification (dMRV) company to enhance their forest carbon data, the companies announced on Tuesday.
Read MoreScientists warn heat is making more of the planet unlivable, offer key insights
Scientists have warned that rising temperatures are making the planet increasingly uninhabitable and pushing the Amazon to the brink of large-scale collapse, offering 10 climate insights and possible ways forward, in a report published on Monday.
Read MoreFEATURE: The forgotten legal clause that could unlock EU carbon credits under CORSIA and ETS
An overlooked clause in the EU ETS directive could be used as a way to integrate carbon removals in the bloc’s carbon trading system and unlock credits under the UN’s CORSIA scheme for offsetting aviation emissions, according to policy experts.
Read MoreFinal talks on EU’s Green Claims Directive to be delayed until next year
A final agreement on the EU’s proposed Green Claims Directive is likely to be pushed back to next year, according to several European Parliament sources, a decision which voluntary carbon market participants say could extend current uncertainty in the market.
Read MoreGreen Climate Fund approves over $1 billion in fresh funding
The board of the world’s largest dedicated climate fund, the Green Climate Fund, approved more than $1 billion in fresh funding at a meeting this week, it announced Friday.
Read MoreEU suggests accrediting specialised certification bodies for carbon removals
The certification bodies that will issue carbon credits under the EU’s new Carbon Removal and Carbon Farming (CRCF) regulation could be accredited for a specific type of removal, the European Commission suggested on Wednesday.
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