Germany sees 28% drop in ETS auction revenues in 2024 despite “robust” primary demand -report
Germany raised over €5.5 billion from EU carbon allowance auctions for stationary installations and aviation last year, its ETS authority said in an annual report published Monday, amid robust primary demand.
Read MoreVCM Report: CORSIA carbon market still “frozen” despite long-term outlook, March sees retirements slump
The CORSIA Phase 1 carbon market remains stuck in a “wait-and-see” stance, with existing standardised contracts failing to move over the past week despite fresh, strong demand projections, and new CBL spot products announced for an April launch.
Read MoreUK launches review into greenhouse gas removals with carbon markets in focus
The UK has launched a review into the potential role for greenhouse gas removals (GGR) in reaching its Paris Agreement and legally-binding net zero goals, also considering the role of international credits for offsetting residual emissions.
Read MoreUK forest carbon standard to publish new crediting framework in July
A UK forest carbon standard will launch a new version of its crediting code later this year, as part of its ongoing commitment to improvement, it said in an update on Friday.
Read MoreEnergy company gives green light to huge Swedish bioenergy carbon removal facility
A Swedish energy company has pushed through on a final investment decision to build one of the world’s largest carbon removal facilities, it announced Thursday.
Read MoreTotal raises carbon investment plans to build 50-mln portfolio of nature-based credits by 2030
TotalEnergies has outlined plans to double annual spending on carbon credits to build a stock of 50 million nature-based offsets by 2030, as it aims to then retire millions per year to meet its climate goals.
Read MoreEU power producers post heavy drops in ETS-covered fossil burn in 2024
A Greek utility reported a significant drop in its lignite-fired electricity generation last year, in financial results published late on Wednesday, while a large German producer urged Berlin to provide greater clarity on gas-fired power infrastructure, also posting a strong fall in fossil fuel use.
Read MoreMomentum builds behind forest carbon in Russia as officials tout 400 mln credit supply potential
Russian officials recently held a roundtable to discuss forest climate projects in a bid to determine how to move the market forward, citing hundreds of millions of carbon credit potential in the country.
Read MoreStandard opens consultation on first river-based carbon removal methodology
A carbon removal standard has released a draft methodology for public consultation on carbon removal (CDR) using river alkalinity enhancement (RAE), which it claims is the first such crediting protocol.
Read MoreGerman coalition plans show support for Article 6 to help industrials meet EU ETS obligations
A leaked document from a working group that will shape the energy and climate policies of the new German coalition government has indicated support for using Article 6 carbon credits under the Paris Agreement to help industries address their residual emissions.
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