EU ETS-financed Modernisation Fund doles out €2.7 bln to eight countries
The EU disbursed €2.7 billion from the EU ETS-financed Modernisation Fund for decarbonisation measures in eight member states, the European Commission announced, at the same time it approved billions of euros of state aid for clean energy projects.
Read MoreINTERVIEW: As climate disclosure rules kick in, CDP shifts focus to making sure the data drives change
The arrival of sweeping EU disclosure requirements next month is prompting one of the chief drivers of voluntary corporate climate disclosures, CDP, to adapt its remit to a focus on reducing the burden of reporting, and making sure that the right data is collected and put into action.
Read MoreUK govt projects bigger emissions reductions by 2050, policies ramp up
The UK is on track to meet its two domestic emissions reduction targets covering 2023-32, with energy demand and greenhouse gases set to fall by nearly a quarter out to 2050, according to government data published Tuesday evening.
Read MoreCarbon removals could lead to EU ETS oversupply before 2040 -report
Including carbon removals in the EU Emissions Trading System before 2040 risks exacerbating oversupply that has plagued the market, a think tank warned on Tuesday, urging the European Commission not to include any such units before then.
Read MoreEU ETS revenues can help to scale up clean shipping and aviation fuels -analysis
Using just some of the revenues from taxing pollution from airplanes and ships could be used to cover the higher cost of lower-carbon fuels, according to analysis published on Monday.
Read MoreBRICS can link up carbon markets by harmonising standards and methodologies -Russian report
Harmonising the rules around growing carbon markets in the BRICS countries would support international trade within the bloc, reducing barriers to cross-border carbon trading and attracting more investors, according to a Russian report.
Read MoreFEATURE: Carbon markets will almost certainly be counted towards climate finance goal, even without specific mention
The money flowing into international carbon markets could be counted in future tallies of global climate finance — although the lack of a specific mention in the final agreement on a new global goal at COP29 means that the extent to which this happens, and how trust in the market is ensured, is largely up in the air.
Read MoreScottish carbon removals developer to issue credits for North Sea storage project
A Scottish carbon removals company has signed a deal to permanently store 50,000 tonnes of CO2 in a depleted North Sea oilfield, it announced on Wednesday.
Read MoreGovt climate advisors urge UK to make new Paris Agreement pledge credible
The UK needs to make its ambitious emissions reduction targets credible by closing the “domestic delivery gaps” and speeding up the roll-out of clean transport, home heating, and tree planting, the government’s independent climate advisory body said on Wednesday.
Read MoreUK awards £4 bln in CCUS contracts, clearing the way for construction
The UK government has awarded £4 billion worth of contracts for the construction of its first carbon capture, utilisation, and storage (CCUS) cluster, paving the way to break ground next year, it announced on Tuesday.
Read More