ANALYSIS: New SBTi standard opens door for carbon markets, but guardrails will temper near-term demand
The Science-Based Targets initiative’s (SBTi) long-awaited new Corporate Net-Zero Standard was widely welcomed for recognising companies that address their ongoing emissions, including with voluntary ‘high-integrity’ credit buying – but stakeholders critiqued its lack of mandate on near-term action, which they said will significantly dampen the immediate market signal.
Read MoreSBTi’s new Corporate Net-Zero Standard recognises companies that address ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
Read MoreMajor clean cooking summit postponed due to travel uncertainties
Organisers of the 2026 Summit on Clean Cooking in Africa have announced the postponement of the high-profile event, which was originally scheduled to take place in Nairobi on July 9-10.
Read MoreLoosening of EU carbon market could derail climate goals, generate major surplus, finds analysis
Proposed reforms to the European Union’s carbon market could significantly weaken the bloc’s emission reduction trajectory, flood the market with surplus permits, and undermine the pathway to climate neutrality, according to a new technical assessment by climate policy think tank.
Read MoreUkraine publishes draft ETS law, plans to create decarbonisation fund
Ukraine has published a draft law outlining the framework for its planned domestic emissions trading system (ETS), which would seek to cover power, industrial, aviation, and maritime sectors exceeding specified thresholds.
Read MoreTech giant opens carbon credit service to qualified UK companies seeking to cut climate impact
Tech giant expands access to its carbon credit service to qualified companies in the UK, offering businesses a new way to invest in ‘high-quality’ offsets as part of their broader decarbonisation strategies.
Read MoreEU-commissioned study recommends broader carbon border charges on imported goods’ electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc’s Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries.
Read MoreEuropean Commission preparing proposal to expand EU ETS to international flights -Bloomberg
The European Union is preparing a proposal to expand its carbon pricing system to cover international flights, according to an internal Commission document seen by Bloomberg, a move aimed at strengthening climate action but likely to trigger opposition from international airlines and governments.
Read MoreEuropean aluminium lobby calls for EU to fix CBAM loopholes, warns of threat to industry
European Aluminium has called on EU finance ministers and ambassadors to address what it describes as critical shortcomings in the bloc’s Carbon Border Adjustment Mechanism (CBAM), warning that the current proposal could fail to prevent carbon leakage in the aluminium sector.
Read MoreSingapore, Tanzania sign carbon credits cooperation pact to advance climate action
Singapore and Tanzania have signed a memorandum of understanding (MoU) on carbon credits collaboration, as they aim to strengthen bilateral climate cooperation.
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