EU carbon pricing, CBAM will cut European emissions but economic costs persist -central bank study
A sharp rise in the EU’s carbon price combined with a Carbon Border Adjustment Mechanism (CBAM) could significantly reduce emissions but also carries economic trade-offs, a new central bank study has found.
Read MoreRenewables take over EU power mix, fossil fuels at historic low -data
Wind and solar have respectively overtaken gas and coal power generation in the EU last year, as total electricity generation from fossil fuels fell to a historic low, according to fresh data published on Thursday by think-tank Ember.
Read MoreVCM ratings agency introduces platform to evaluate crediting programmes
A carbon credit ratings company has introduced a new platform that allows traders to evaluate the registries and crediting programmes within the voluntary carbon market (VCM).
Read MoreSteel, cement makers defend EU CBAM against right-wing calls to freeze it
European steel and cement manufacturers have come out in support of the EU’s Carbon Border Adjustment Mechanism (CBAM), fending off calls from conservative parties to suspend the law.
Read MoreTrio of European carbon market experts leave long-term roles
A trio of European carbon market experts have left their long-time roles in the past two months, Carbon Pulse has learned.
Read MoreVerra cuts project review time sharply in fourth quarter
Verra has slashed the time taken to review projects after streamlining and improving the process with its new risk-based approach that categorises projects into high, medium, or low bands, the standard body said Wednesday.
Read MorePolish PM calls for review of EU Green Deal laws, delay of ETS2
Poland’s prime minister has blamed EU regulations for high energy prices and warned against introducing the bloc’s emission trading system for heating and transport (ETS2) in 2027, in a speech to the European Parliament on Wednesday.
Read MoreBRIEFING: Article 6 stuck in a ‘chicken and egg’ situation as buyers and sellers wait for the other
Article 6 markets are stuck in a ‘chicken and egg’ situation, with buyers and sellers each waiting for the other to unlock the trade of international carbon credits, according to experts speaking during a webinar on Wednesday.
Read MoreDRC to create huge tropical forest reserve, generate carbon credits
The Democratic Republic of Congo (DRC) will create a protected area the size of France to protect its tropical rainforest, the country announced in Davos Wednesday, which will include raising finance via carbon markets.
Read MoreEuro Markets: EUAs snap winning streak as funds amass largest net long position in almost 3 years
European carbon allowance prices weakened on Wednesday, snapping their record-equalling nine-day winning streak as the market appeared unable to shake off growing bearish sentiment, while the weekly Commitment of Traders data showed investment funds last week amassed their largest net long position in nearly three years.
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