Major 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 MoreMeeting EU’s new SAF mandate could halve aviation emissions by 2050 -EU agency
Meeting the EU’s new mandate for sustainable aviation fuels could cut the bloc’s net CO2 emissions by nearly half in 2050 — although the sector will still have to rely on carbon offsets to reach net zero, an EU aviation agency said in a report on Tuesday.
Read MoreRichest 1% have already burnt their entire annual carbon budget for 2025, Oxfam says
The richest 1% have already used up their entire carbon budget for 2025, only 10 days after the start of the new year, charity Oxfam said in new analysis published on Friday.
Read MoreGermany waives first ETS2 deadline for regulated companies
Companies in Germany regulated by the incoming EU-wide heating and transport Emissions Trading System, ETS2, will not have to report their emissions in April, the national authority said on Tuesday.
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