COP29: Presidency secures early Article 6 outcome as parties approve carbon crediting standards
Azerbaijan’s COP29 presidency secured an early endorsement of key methodological standards under Article 6 during Monday’s opening plenary, driven to action by two years of failure at the annual UN climate summit to move forward on the Paris Agreement’s carbon crediting mechanism.
Read MoreUkraine adopts law to establish national ETS
Ukraine has adopted legislation establishing a national emission trading system (ETS) this week, which will start in 2026 with a two-year pilot phase and will become fully operational in 2029.
Read MoreEU climate chief Wopke Hoekstra sails through Parliament confirmation hearing
Wopke Hoestra will remain the EU’s climate chief for the next five years, after committing to push for a 90% emissions reduction target for 2040 while emphasising the need to reconcile climate action and industrial competitiveness, in his confirmation hearing with the European Parliament on Thursday.
Read MoreNew EU environment commissioner expresses support for developing nature credits
The newly confirmed EU environment commissioner at her hearing with the European Parliament on Tuesday evening said she will explore ‘well-designed’ nature credits during her tenure at the European Commission.
Read MoreEU’s new transport commissioner says he will not backtrack on 2035 internal combustion engine ban
The EU’s 2035 ban on internal combustion engine cars should be upheld, the commissioner-designate for sustainable tourism and transport said during his European Parliament hearing on Monday evening.
Read MoreEU’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.
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