German grid operator urges pause to coal plant closures amid energy security concerns
Germany should halt further closures of coal-fired power plants until replacement capacity is in place, the country’s largest transmission system operator has said, warning that electricity security could be at risk early in the next decade as the country accelerates its energy transition.
Read MoreGermany’s first nEHS carbon allowance auction clears at price ceiling
Germany’s national emissions trading system (nEHS) held its first-ever auction of emissions allowances on Wednesday, with demand strong enough to trigger the scheme’s price ceiling and double the volume of permits sold.
Read MoreDATA DIVE: Brazil leads the way in CDM transitional approvals, as one-quarter of eligible activities meet June deadline
Brazil has approved nearly all of its eligible Clean Development Mechanism (CDM) activities to transition to Paris-era carbon crediting, far more than any other country, as around 25% of all potential projects that could have moved to the new system secured government approval in time.
Read MoreFirst PACM carbon credits still face quality risks despite tougher accounting rules, says rating agency
The first carbon credits approved for issuance under the Paris Agreement Crediting Mechanism (PACM) show that the UN’s new system is improving the quality of legacy Clean Development Mechanism (CDM) projects through more conservative carbon accounting, but significant project-level risks remain, according to a new analysis.
Read MoreCarbon standard finalises new bioCCS methodology in bid to align with EU carbon removal framework
Rainbow has finalised a methodology for biogenic carbon capture and storage (bioCCS) that directly incorporates requirements from the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, marking one of the first voluntary carbon market methodologies explicitly designed around the bloc’s emerging carbon removal certification framework.
Read MoreTripling global nuclear capacity by 2050 will require major investment and policy overhaul, says OECD
Tripling global nuclear power capacity by 2050 will require a dramatic expansion of financing, skilled workers, manufacturing capacity, and government support, according to a new report published by the OECD’s specialist nuclear energy agency (NEA).
Read MorePolish developer targets £35 bln UK SMR fleet, eyes AI energy demand
A Polish small modular reactor (SMR) developer has unveiled plans to invest £35 billion in a fleet of 14 nuclear reactors across three sites in Britain, targeting first power generation by 2034 as the UK seeks to expand low-carbon electricity supply and support growing demand from AI data centres.
Read MoreNew SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
Read MoreCarbon pricing is key to cutting transport emissions in Central Asia, says ADB
Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB).
Read MoreGerman carbon platform launches search for 520k nature-based removal credits in long-term corporate procurement
A Berlin-based nature-based solutions platform has launched a request for information (RFI) to source up to 520,000 high-quality nature-based carbon removal credits on behalf of an unnamed German enterprise, underscoring continued corporate demand for long-term, high-integrity removals despite broader weakness in voluntary carbon markets.
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