Euro Markets: Midday Update
European carbon prices continued their downtrend on Tuesday, breaching several key technical support levels, as the weight of the ongoing TTF gas market sell-off kept pressure on EUAs, with speculators said to locking in profits amid a meeting between the US and Russia to discuss an end to the war in Ukraine.
Read MoreMarine biodiversity credits attracting high interest, alliance says
Marine biodiversity credits are attracting a lot of interest from market actors, though transaction values are growing slowly, a Biodiversity Credit Alliance (BCA) executive has said.
Read MoreNational biodiversity plans falling short of key UN targets, study shows
No country has so far released a National Biodiversity Strategy and Action Plan (NBSAP) that meets all the requirements for conserving and restoring 30% of lands and waters by 2030 as required under UN targets, a study has shown.
Read MoreStandards-setter approves three dMRV pilots in effort to boost verification
A carbon standards-setter has approved three new digital monitoring, reporting, and verification (dMRV) pilot projects aimed at enhancing transparency, efficiency, and access to climate finance in its projects, it announced on Tuesday.
Read MoreCarbon capture pilot to launch at UK energy-from-waste facility, support CCS cluster
A UK waste management company will launch a carbon capture pilot at an energy recovery plant in preparation for the full-scale deployment of new carbon capture and storage (CCS) technology at another facility, which will be the first of its kind in the country.
Read MoreFrench oil major announces partnership to decarbonise two of its European refineries
A French oil and gas major has teamed up with a gas technology firm to decarbonise its refineries with green hydrogen, in a bid to reduce its CO2 emissions by 450,000 tonnes annually, the companies announced on Tuesday.
Read MoreEU urged to align its Clean Industrial Deal with moving geopolitics
The EU’s industrial policy choices must reflect evolving geopolitical dynamics and could be used as a platform to develop relations with like-minded nations when it comes to trade in clean technologies and transition minerals, a think tank has said.
Read MoreEurope’s LNG imports drop as gas demand falls to 11-year low -data
European imports of liquefied natural gas (LNG) decreased by 19% in 2024 as gas demand reached an 11-year low, according to fresh data published on Tuesday, suggesting the EU’s gas demand reduction measures adopted in the wake of the Russia-Ukraine war are working.
Read MoreEU consults on Finland’s request to expand ETS2 to new sectors
The European Commission on Tuesday put forward a draft decision allowing Finland to unilaterally expand the scope of its Emissions Trading Scheme for road transport and heating fuels (ETS2) to new sectors.
Read MoreEU lagging behind on carbon removal policies and funding, research shows
The EU and its member states are still lagging behind in establishing the policies and funding mechanisms needed to scale up carbon removals in line with reaching net zero emissions by 2050, according to new research.
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