Major airline finalises deal to purchase carbon removals
A major airline has finalised a deal to purchase CO2 removal (CDR) credits as the hard-to-abate sector ramps up efforts to meet net zero emission targets.
Read MoreNew lawmaker appointed to lead EU directive on green corporate claims
A new member of the European Parliament from the left-wing Socialists and Democrats group (S&D) has been appointed to lead negotiations on the EU’s Green Claims Directive, which aims at tackling greenwashing and sets rules for the corporate use of voluntary carbon credits.
Read MoreClimate spending under EU pandemic fund likely over-estimated, auditors say
The EU’s pandemic recovery funds contribution towards climate action and the green transition is likely over-estimated by at least €34.5 billion, the European Court of Auditors (ECA) said on Wednesday.
Read MoreAsset management firm funds major reforestation project in Malawi
An Abu Dhabi-based asset management firm announced Tuesday that it has signed a deal with a Malawi-based reforestation company to plant 6 million indigenous trees and prevent the deforestation of over 4 mln trees in the country.
Read MoreFrench utility sees depressed EU carbon prices until end 2024
Healthy renewable and gas power supply in the EU is expected to mute demand for carbon allowances for the rest of the year, as the carbon market waits for updates from the new European Commission to help gauge its level of ambition, according to analysts at Engie.
Read MoreLEAK: Poland wants immediate access to free EU ETS allowances for district heating
Poland is asking the European Commission for 30% more free EU ETS allowances for district heating networks, and that they be allocated while implementing climate investments rather than at the end of the period, as stated in EU regulation.
Read MoreHigher emissions and EU carbon prices if no CBAM solution is found for UK power exports to EU -analysts
EU emissions and carbon prices could rise as a result of the bloc’s Carbon Border Adjustment Mechanism (CBAM), causing a reduction in power flows from the UK to the EU, according to scenarios modelled by an energy analytics firm.
Read MoreThree out of four people believe causing environmental damage should be a crime -survey
Nearly three out of four people in G20 countries believe causing environmental damage should be a criminal offence, according to a survey released on Friday.
Read MoreRWE boss calls on policymakers to stop ‘misusing’ EU ETS
The CEO of German power utility RWE has called on policymakers to stop meddling with the EU’s Emissions Trading Scheme (ETS), pointing the finger at a 2022 reform aimed at raising funds to help European countries exit Russian fossil fuels.
Read MoreEU lawmakers call on China, Saudi Arabia to contribute more to climate finance
Members of the European Parliament on Wednesday ratcheted up pressure on China and oil-rich countries in the Middle East to start contributing more to international climate finance.
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