CARBON FORWARD 2023: WTO developing initial framework for global carbon pricing measure
The World Trade Organisation has reiterated it is working on a global carbon pricing framework to avoid a patchwork of different mechanisms popping up around the world, a representative told the Carbon Forward conference on Wednesday.
Read MorePaying EU carbon costs cheaper than switching to green fuels for shipping sector -analysts
The costs of switching to greener fuels for the container shipping sector currently exceeds the costs of purchasing EU ETS allowances and may continue to be higher even if carbon prices rise, bank analysts said in a report published on Tuesday that outlined how the sector’s entry into carbon market from next year is expected to lead to a 20-40% rise in freight rates.
Read MoreCDM board approves Chinese firm’s renewable hydrogen crediting methodology
The Executive Board of the United Nations Clean Development Mechanism (CDM) has approved a hydrogen baseline and monitoring carbon crediting methodology proposed by a Chinese hydrogen company and the country’s biggest state-owned wind power producer and main carbon exchange.
Read MorePREVIEW: Poland’s election to set pace of renewables rollout, coal phaseout kicked down road
Poland’s election outcome this weekend may lead to more support for renewables in the country if the main opposition receives enough votes to form a coalition government, but a clear coal phaseout date is not likely to be set by either of the main political parties.
Read MoreIndustry attempts to address methane leakage from LNG-fueled ships
Two methane measurement technology companies will carry out pilot studies in collaboration with several shipping companies to tackle methane slips from LNG-fueled ships, the companies involved announced on Monday.
Read MoreSustainable fuels should be on EU’s strategic technologies list, says industry
Sustainable alternative fuels should be included on a list of ‘strategic technologies’ to be given priority treatment as part of the bloc’s clean technology industry bill, a group of EU industry associations said in a joint letter published on Friday.
Read MoreMethane emissions from LNG-powered ships double current assumptions, say researchers
Methane emissions from LNG-fueled ships may be on average double the level current EU and global regulations assume, a study has found, with demand only expected to grow for the gas.
Read MorePolish energy minister backs carbon removals inclusion in EU ETS before 2030
Poland’s deputy energy minister said Wednesday that his country would support including carbon removals in the EU ETS before 2030, though a campaign group opposed such a move, and the minister kept his cards close to his chest when pressed on the Polish coal phaseout details.
Read MoreBulgaria’s government eyes 2038 full coal exit in transition plan
Bulgaria’s government has submitted plans to the EU detailing how it will help coal-reliant regions phase out the fuel, aiming to run the country’s coal-fired power units until 2038 without setting dates for when each plant will be retired.
Read MoreMajor institutions urge the EU to accelerate energy transition to ensure competitiveness
The heads of three major EU and international institutions warned that not accelerating the clean energy transition in Europe would mean losing industrial competitiveness and threatening financial stability, at a conference in Paris on Friday.
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