EU urged to let international credits into its climate goals — or risk being left behind
The EU may need to allow the use of international carbon credits to meet its domestic emissions reduction targets and maintain its competitiveness — or risk being one of the few jurisdictions left outside the growing global carbon market, according to a new report.
Read MoreVoluntary disclosure group restructure aims to streamline reporting, boost access to data
The independent environment disclosure group CDP is carrying out a strategic restructuring in a way that streamlines the way companies report on their footprints, and makes the organisation’s data more accessible, it announced on Wednesday.
Read MoreUK seeking nominations for more offshore carbon storage sites
The UK’s North Sea Transition Authority (NSTA) is now taking nominations for new carbon storage sites offshore, after recently granting the country’s first three permits, it announced on Wednesday.
Read MoreEnergy companies make the case for a speedy EU-UK ETS link-up that benefits all
Linking the EU and UK emissions trading systems (ETSs) would boost market liquidity and price stability and make it cheaper to reduce emissions — for players in both markets — according to research published Wednesday by a group of European energy companies.
Read MoreEU urged to allow high-quality carbon removals into ETS
The EU should reconsider allowing certain high-quality carbon removals credits into its Emissions Trading System (ETS) — simultaneously supporting the development of international Article 6 markets, according to a recent study.
Read MoreOil major supports UK ETS extension for 12 years
An oil and gas major has thrown its weight behind the UK government’s plan for extending the country’s Emissions Trading Scheme (ETS) beyond 2030, saying it will maintain an incentive for investments in low-carbon technologies.
Read MoreCF TURKIYE: Turkish government looks to become both a seller and buyer of Article 6 credits
Turkiye is drawing up a strategy for trading international carbon credits under Article 6 of the Paris Agreement, keeping open the possibility of both hosting projects and buying units to meet its own goals, government officials told the Carbon Forward Turkiye conference on Thursday.
Read MoreCF TURKIYE: Most EU importers seem unaware of impending CBAM effects -steel exporter
A mere 20% of EU steel importers appear to be aware of, let alone prepared for, the impending effects of the bloc’s Carbon Border Adjustment Mechanism (CBAM), an official from a steel exporting company told the Carbon Forward Turkiye conference on Wednesday.
Read MoreCF TURKIYE: Ankara pressing ahead with ETS pilot in 2026, despite Climate Law delays
The Turkish government is waiting on parliament to approve the country’s long-awaited Climate Law, but is still planning to launch the pilot phase of its emissions trading system (ETS) in 2026, with offsets to be admitted after two years, the Carbon Forward Turkiye conference in Izmir heard on Wednesday.
Read MoreCopenhagen summit to up pressure on countries to strengthen Paris pledges
Countries will once again come under pressure to strengthen and widen the scope of the national pledges to the Paris Agreement, as around 30 ministers and leaders gather for the Copenhagen Climate Ministerial on Wednesday and Thursday.
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