Rating agencies could help to scale Article 6 market, says expert
Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday.
Read MoreEU ministers want lower energy prices and an end to all Russian gas imports
Energy ministers agreed on Tuesday that the EU needs to ramp up efforts to tackle high energy prices, with a majority also calling for an end to Russian LNG imports that are still managing to make their way into the EU.
Read MoreEU wants more countries to contribute to global climate finance goal
The EU is holding strong on its position that more countries need to contribute to the next global climate finance goal, with a plan to push for more money while ensuring that the bloc isn’t spread too thin, according to the general negotiating mandate for COP29 adopted by climate and environment ministers late on Monday.
Read MorePoland’s new ‘ambitious’ climate plan foresees sharp drop in coal use by 2040
Poland’s newly released national and energy climate plan for 2030 foresees a significant drop in coal use this decade and could potentially halve emissions within the decade – 20% more than in the previous 2019 plan.
Read MoreUnder-prepared shipping companies may face hefty fines under FuelEU -consultancy
European shipping companies are not ready for the upcoming FuelEU Maritime regulation and could face significant fines, according to an independent shipping emissions analytics company.
Read MoreEurope trailing behind China, US in global net-zero industrial race -report
Europe’s position in the global net-zero industrial race is at risk due to the US economic dominance and China’s ambition to become the world’s clean tech hub, a pan-European climate think-tank has warned.
Read MoreExxonMobil sues Dutch government over early gas phaseout
US-headquartered ExxonMobil is suing the Dutch government for its decision to accelerate the closure of Groningen, Europe’s largest gas field, it announced this week.
Read MoreGermany should scrap its national carbon system’s one-year trading phase -energy association
Germany’s main energy industry association has said the country should keep the price of its national heating and transport carbon system (nEHS) fixed until the new EU-wide heating and transport emission trading system (ETS2) kicks off in 2027.
Read MoreCFEL24: No need to panic about end of EU ETS allowances in 2039, says Commission
A European Commission official said there is “no need to panic” about running out of EU ETS allowances in 2039, due to the expansion of the system’s scope to include additional sectors and auctioning of allowances for aviation.
Read MoreClimate finance takes a backseat at key EU council meeting
The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.
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