A climate finance quantum leap is essential and achievable, UN’s climate boss says
The world’s major economies and multilateral development banks must lead the way in redirecting trillions of public and private funds towards climate action in the countries that most need it, the head of the UN’s climate unit said on Wednesday.
Read MoreEU food ETS needed to reach global decarbonisation goals -report
A European Emissions Trading Scheme (ETS) that pioneers carbon pricing for food and agriculture is essential to reach global decarbonisation goals, argues a report published on Wednesday (April 10).
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
Read MoreMalaysian govt to incorporate state’s carbon trading bill into federal law
The Malaysian federal government has agreed to integrate the state of Sarawak’s carbon trading bill as part of the federal law which will be presented before Parliament for approval, according to local media reports.
Read MoreCarbon markets could support CCS development, but more is needed -report
Carbon markets could support carbon capture and storage (CCS) work but hurdles remain, such as return on investment, buyer appetite, and incentivising the entire chain including transport, according to a report released this week.
Read MoreCarbon accounting firm launches product to help metals and energy firms disclosure supply chain emissions
A carbon accounting platform has unveiled a solution aimed at helping corporates in the metals and energy sectors disclose supply chain emissions for both compliance and voluntary purposes, including for the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreInternational steel competitors may reserve low-carbon products for EU to bypass CBAM -industry
International competitors of the European steel industry may bypass the bloc’s Carbon Border Adjustment Mechanism (CBAM) fees by building specific low-carbon facilities whose products will be reserved for the EU market, the head of a regional association said on Tuesday.
Read MoreUPDATE – EU industrial heavyweights outline green priorities for next European Commission
Germany, France and Italy spelt out their industrial policy priorities for the next European Commission on Monday, with a heavy emphasis on measures to defend the EU’s clean tech sector against US protectionism and Chinese dumping.
Read MoreUS economist raises social cost of carbon to $225/tonne
One of the key architects of the ‘social cost of carbon’ (SCC) price on climate impacts has released new projections judging that it now sits at $225/tonne CO2 – higher than earlier estimates, including those of the US Environmental Protection Agency (EPA).
Read MoreArgentina set on carbon markets but other Latin American countries falter -analysts
Argentina’s new government is pursuing voluntary and compliance carbon markets by any means possible, but other Latin American countries are struggling to operationalise adequate legal and technical infrastructure, according to regional experts on a webinar.
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