BRIEFING: Carbon capture is a public good, needs policies to drive growth -experts
Carbon capture and storage (CCS) is vital to reach net zero emissions, but projects need to be driven by climate policies to prevent the technology from being used as an excuse to keep fossil fuels alive, experts said.
Read MoreAustrian project developer looks to tap into Uganda’s carbon removal potential
An Austrian developer is talking to Uganda about leading on agriculture and forestry carbon credit projects that could generate up to $500 million of investments in the country, according to local media sources.
Read MoreUK oil and gas company trials first CO2 injection in North Sea field
A British oil and gas company has commenced the country’s first CO2 injection test for carbon capture and storage (CCS), at a site under the North Sea, it announced on Wednesday.
Read MoreUK pushes ahead with policy support for new modular nuclear energy technologies
The UK government has kicked off a second consultation on its guidance for future nuclear energy policy, seeking views on how to expand the policy’s scope to enable small and advanced modular reactor technologies, it announced on Tuesday.
Read MoreBrussels urged to submit 2035 climate target to the UN “as soon as possible”
The EU has an obligation to submit a 2035 climate target to the UN “well before” the COP30 climate summit in November, said a senior European Parliament member from the ruling European People’s Party (EPP) – putting pressure on Brussels to deliver “as soon as possible”.
Read MoreFEATURE: UK-EU ETS linking back on the table, raising cautious optimism ahead of talks
Recent news that the EU and UK plan to discuss the potential for linking their emissions trading schemes at a summit this spring sparked a flurry of buying that has driven benchmark UK Allowances to multi-month highs – but there’s a long way to go before any tangible agreement on a link-up can be made, analysts warn.
Read MoreUK investment manager puts €50 mln into Spanish farmland regeneration
A British climate impact investment manager has launched a €50 million regenerative agriculture platform in Spain, aimed at converting existing farming practices from intensive cereal production to high-value pistachio and cherry tree crops, alongside livestock
Read MoreUK proceeds with technical ETS changes aimed at transparency, simplification
The UK ETS Authority intends to move forward with proposed technical and operational changes to the market, aimed at creating more transparency, maintaining parallels with the EU ETS, and simplifying compliance, it announced on Thursday evening.
Read MoreUPDATE – UK could use ITMOs as last resort to hit ambitious climate target in 2035
The UK could use international carbon credits to meet its climate targets under the Paris Agreement, although only as a last resort if domestic mitigation policies struggle, the government announced Thursday.
Read MoreEU CBAM could cost Northern Ireland up to £200 mln per year -report
The EU’s Carbon Border Adjustment Mechanism (CBAM) may be costly and disruptive for Northern Ireland, requiring payments of up to £200 million a year — unless the bloc and UK decide to link their emissions trading schemes, a new report warned on Wednesday.
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