Social acceptance of carbon pricing hinges largely on revenue spending, study finds
The political success of carbon pricing policies – such as the upcoming EU ETS2 for road transport and heating fuels – will depend on whether they help people to switch away from fossil fuels, as inflation and higher interest rates have made it harder for consumers to access cleaner alternatives, according to new research.
Read MoreINTERVIEW: Nascent methane certification market set for surge with new EU reporting rules
New EU reporting requirements for imports of certain goods could soon fuel a small, nascent voluntary trading market for one potent climate-warming pollutant — methane — and help to clamp down on its emissions.
Read MoreEU set for a fight over where the CBAM money goes
The full start-up of the EU’s Carbon Border Adjustment Mechanism (CBAM) is set to drive a battle over who gets to pocket the revenue, even if it starts low.
Read MoreTop 20 fossil fuel countries need to ramp up transition in next Paris pledges -report
A third of the world’s 20 largest fossil fuel-producing countries made no mention of oil, gas, or coal in their last round of Paris Agreement pledges, while those that do mention it talk, explicitly or implicitly, about a continuation or increase in production, according to analysis published on Thursday.
Read MoreRussia faces $32 bln in ‘conflict carbon’ reparations from Ukraine war
A surge in “conflict carbon” from Russia’s invasion of Ukraine – from burning forests, blown up oil and gas structures, infrastructure built to fortify the front lines, and more – could cost Russia billions of dollars in additional reparations, according to research published on Thursday and backed by the Ukrainian environment ministry.
Read MoreBrussels to offer €1.2 bln in second green hydrogen auction
The European Commission will offer €1.2 billion in the second auction for green hydrogen projects, accounting for a quarter of the Innovation Fund’s budget this year, the trade group Hydrogen Europe announced on Wednesday.
Read MoreANALYSIS: New UK government could fast-track UK-EU ETS link-up, driving price and market parity
The arrival of a new Labour government would clear the way for Britain to link its emissions trading scheme with the EU’s within the next few years, pushing UK prices up to parity as soon as the intention is signalled and aligning the two markets over the longer term, experts said on Wednesday.
Read MoreFEATURE: Plastics makers look to EU CO2 fees to push decarbonisation, but incinerators are sceptical
European plastics producers are looking to the inclusion of waste incineration in the EU Emissions Trading System (ETS) for further impetus to boost recycling and cut emissions – but incinerators worry they will bear the brunt of the new carbon costs.
Read MoreNew insurance product protects carbon credits from political and extreme weather risks
An insurance provider has launched a new product to safeguard the purchase of carbon credits in case they are cancelled or invalidated as a result of political risks such as regulatory changes or the impact of weather on carbon projects, it announced on Tuesday.
Read MoreItaly’s renewables are rising as Russian gas imports decline -report
Italy halved the share of Russian imports in its gas mix between 2021 and 2022 and is on track to boost renewables to more than two-thirds of its power generation, according to research published on Monday.
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