ANALYSIS: Colombia’s tax reforms slow demand for voluntary carbon credits as supply pool shrinks
Colombian reforms of offset use against its carbon tax have weakened demand for voluntary credits in the country, and a strong rise in issuances from domestic standards has done little to counterbalance dwindling supply figures as participants’ focus shifts to the international market.
Read MoreTurkiye overtakes Poland to become Europe’s second largest coal-fired power generator -analysts
Turkiye overtook Poland to become the second largest coal-fired power generator in Europe last year, due to its increasing reliance on fossil fuel imports and wavering wind capacity installation, according to an environmental think tank.
Read MoreChina urged to provide more support for CCS, carbon markets
China should provide policy support for the development of offshore carbon capture and storage (CCS) and accelerate the construction of its national carbon market, domestic business leaders have called for during the annual parliamentary session.
Read MoreEurope unprepared to face climate risks -report
Europe is not prepared for all the climate risks it will face in the coming years, despite being the fastest-warming continent in the world, according to the first-ever EU Climate Risk Assessment Report published on Monday by the European Environment Agency (EEA).
Read MoreAlberta should support federal carbon contracts for difference, says former minister
Fossil fuel-producing Alberta cannot meet its net zero goals without carbon capture, utilisation, and storage (CCUS), but project proponents face uncertainty that can be remedied if the province helped cement a price for CO2, said the former Alberta minister of energy in a webinar Thursday.
Read MoreFEATURE: EU testing the waters on ETS3 for agriculture
The European Union is testing the waters on the possibility of creating a new ETS for agriculture, or revising its existing carbon market rules, in an effort to tackle emissions from a politically-sensitive sector that has seen farmers take to the streets in recent weeks to protest against EU bureaucracy.
Read MoreMalaysia to open for airline carbon levy from April
Malaysia will from April make it possible for airlines to impose a carbon levy on passengers, with revenue raised set to offset aviation emissions through the purchase of carbon credits or sustainable aviation fuel (SAF).
Read MoreMexican government circulates draft regulation for national voluntary carbon registry, price index with Article 6 provisions
The Mexican government distributed a draft regulation for the national voluntary carbon market (VCM) at a stakeholder workshop last week that would create a centralised record of VCM data, a national price index, and authorisation procedures for international carbon trading under Article 6.2 of the Paris Agreement, according to a leaked draft seen by Carbon Pulse.
Read MoreEconomists pitch CBAM update focused only on carbon leakage
A group of economists has put forward ideas to revise the EU’s Carbon Border Adjustment Mechanism (CBAM), arguing the law could be simplified by focusing only on preventing ‘carbon leakage’ across the entire economy rather than addressing specific sectors for which carbon emissions data may be hard to come by.
Read MoreFEATURE: EU’s carbon market diplomacy task force shrouded in mystery
When the European Commission presented its recommendations for a 2040 climate target last month, it also raised expectations – and a few eyebrows – by announcing the creation of a dedicated task force on “carbon market diplomacy”.
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