Tech giants launch bid to buy 20 mln forest carbon credits by 2030
An advance market commitment for nature-based carbon removal, made up of a group of large technology companies, has launched its first request for proposals including methodology-related critera, as it aims to contract up to 20 million credits by 2030.
Read MoreEuropean aviation needs more than new tech, carbon pricing to decarbonise, finds report
Beyond technological innovation and existing carbon pricing mechanisms, decarbonising aviation in the EU needs stronger policy measures that make the polluter pay, subsidies for clean energies, and promote alternatives to flying, new research has found.
Read MoreFEATURE: Carbon market experts see huge potential for crediting SF6 emissions mitigation from grid expansion
Market experts see significant potential in crediting the reduction of sulphur hexafluoride (SF6) emissions linked to grid expansion in the power sector and the clean energy transition, with a German government-backed initiative also looking at the role of carbon finance in the relatively untapped field of mitigation.
Read MoreANALYSIS: Despite November uptick, EU fossil power emissions on course for yet another heavy annual drop
Annual EU carbon emissions from electricity generation covered by the bloc’s ETS are set to slump heavily once again in 2024 despite a strong rise in gas-fired output last month, analysts have said, though next year could see a much tighter market and a sustained price recovery.
Read MoreEuro Markets: EUAs rebound in late rally as market awaits options expiry
European carbon prices struggled for direction for much of Friday, with participants said to be anticipating options expiry next week, before a late rally saw the benchmark reclaim nearly all of the value it had lost this week during a string of gas-driven bearish sessions.
Read MoreFutures growth drives strong EU carbon volumes on EEX in November
Strong growth in futures has driven EEX exchange-traded EU carbon volumes higher in both November and 2024 to date, according to data published Thursday.
Read MoreBRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory
A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.
Read MoreANALYSIS: Article 6 breakthrough raises integrity concerns for some, but ‘proof in pudding’, experts say
The historic consensus on Article 6, achieved in November at COP29, may have been broadly welcomed, but some remain cautious that gaps in final decision texts could lead to a lack of integrity in the newly developed, UN-approved international carbon markets, if implementation over the coming years is not sufficiently robust.
Read MoreAI-powered climate tech firm discontinues VCM platform, services
An AI-powered climate tech company has shut down its online voluntary carbon market platform and halted access to its project data and other services.
Read MoreEuro Markets: EUAs fall further on bearish near-term fundamentals, as funds extend net long position
European carbon continued to slip lower off the back of weakening TTF natural gas prices, amid bearish near-term fundamentals for thermal power generation, as investment funds extended their net long position to the highest total since the end of July 2023.
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