Global energy crisis fuels surge in near-term coal demand across Asia-Pacific, report says
The prolonged energy crisis stemming from the Middle East conflict is driving a significant near-term surge in thermal coal demand across the Asia-Pacific region, according to a new report.
Read MoreSB64: PREVIEW – Adjacent plans, procedures take centre stage at Bonn UN climate talks
UN observers anticipate that already-agreed initiatives, or ones conceived in parallel to formal COP negotiations, will shape the SB64 climate talks in Bonn this week and next – and that forward momentum on these fronts could itself be a determinant of the summit’s success.
Read MoreNZU holdings fall by 25 mln post surrender deadline, EPA data shows
Private holdings of New Zealand allowances fell by some 25.4 million following the May 31 surrender deadline, according to government data published Monday.Â
Read MoreMultilateral forest facility’s investment arm finds host in Luxembourg
The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday.
Read MoreICE loses legal battle with environmental markets firm over use of tradename
London’s Intercontinental Exchange (ICE), the world’s largest marketplace for environmental derivatives, has lost a legal tussle this week over its world famous acronym, after a Dutch court ruled that a crypto trading company, owned by an environmental markets firm and using a similar branded registration, did not infringe on the bourse’s trademark.
Read MoreJapan acquires latest batch of ITMOs from Palau
Japan and Palau have completed their first transaction of the Internationally Transferred Mitigation Outcomes (ITMOs) under the Tokyo-led Joint Crediting Mechanism (JCM), they announced.
Read MoreNZ Market: NZU price tightly rangebound, as another non-event auction looms
New Zealand allowance prices traded tightly this week in the low NZ$50s ($29s), as next week will see another government auction that is unlikely to clear.
Read MoreAustralia risks losing A$100 bln green iron, steel industry without Asia deals -report
A report warned Australia could miss out on a $100 billion ($71.2 bln) green iron and steel industry if the federal government fails to secure demand‑side deals with key trading partners in Asia.
Read MoreNatural forest expansion sequesters more carbon than secondary forests in tropics -study
Natural forest expansion across the moist tropics has sequestered more above-ground carbon than secondary forests, but the sink remains far smaller than emissions from tropical forest loss, according to a new study.
Read MoreEU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Read More