Newly approved EU fiscal rules will slow down energy transition, critics say

Published 15:59 on April 23, 2024  /  Last updated at 15:59 on April 23, 2024  / Rebecca Gualandi /  EMEA, EU ETS, US

New fiscal rules approved on Tuesday by the European Parliament will make it even harder for EU member states to invest in green projects, thus slowing down the energy transition and efforts to reduce emissions, according to Greens party lawmakers and environmental groups.

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FEATURE: EU ETS2 success hinges largely on electric vehicles, analysts say

Published 15:06 on April 23, 2024  /  Last updated at 15:06 on April 23, 2024  / Frédéric Simon /  EMEA, EU ETS

The EU’s Emissions Trading System for road transport and heating fuels, ETS2, is set to be dominated by the transport sector, with more than half of total emissions coming from cars, trucks, and vans that will rely heavily on electrification to decarbonise, analysts say.

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FEATURE: Increasing conflicts are a natural consequence of worsening climate change

Published 14:33 on April 23, 2024  /  Last updated at 14:33 on April 23, 2024  / Bryony Collins /  Africa, Americas, Asia Pacific, EMEA, International, Middle East, Nature-based

Climate change is exacerbating many of the conditions that fuel conflict — from drought in the Middle East worsening food insecurity and inflation, to access over strategic resources like lithium and cobalt becoming a key source of tension — amid lagging efforts to curtail emissions.

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Northern Ireland launches consultations on marine protected areas, ‘blue carbon’ plans

Published 13:11 on April 23, 2024  /  Last updated at 13:11 on April 23, 2024  / Sergio Colombo /  Biodiversity, EMEA, Nature-based

The government of Northern Ireland has launched consultations on two initiatives aimed at enhancing ocean conservation, as it seeks to strengthen biodiversity monitoring and hasten the restoration of marine and “blue carbon” habitats.

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Euro Markets: Midday Update

Published 12:38 on April 23, 2024  /  Last updated at 12:40 on April 23, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices were little changed at midday on Tuesday after earlier rising by as much as 1.4% amid wider gains in energy markets, as traders appeared to be taking a cautious approach ahead of Wednesday’s Commitment of Traders data.

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Banks partner to deliver credits for home retrofit in the UK

Published 11:29 on April 23, 2024  /  Last updated at 11:29 on April 23, 2024  / Bryony Collins /  EMEA, International, Voluntary

A credit management platform developed by banks has partnered with a UK project developer to deliver carbon credits that support home retrofit at scale, in a drive to decarbonise the UK’s carbon-intensive housing stock.

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Academics warn of “paradox” of combining climate, industrial policies driven by populism

Published 10:00 on April 23, 2024  /  Last updated at 15:58 on April 22, 2024  / Rebecca Gualandi /  CBAM, China, EMEA, EU ETS, International, US

Industrial policy combined with climate goals can help to advance climate action, but it can also lead to protectionism and barriers that hinder clean technology progress, wrote climate and energy academics in a paper on Tuesday.

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Donors push “exotic” clean cookstoves in Africa instead of valuing carbon projects that work, says envoy

Published 18:13 on April 22, 2024  /  Last updated at 18:39 on April 22, 2024  / Alejandra Padin-Dujon /  Africa, EMEA, International, Nature-based, Voluntary

Wealthy donor countries are too set on “exotic” carbon projects on the African continent like clean cooking and do not pay enough for more “pragmatic” solutions, according to a Sierra Leonian climate envoy speaking Thursday at the 2024 Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC.

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VCM Report: Creeping optimism in future of voluntary market fails to translate into higher prices

Published 17:30 on April 22, 2024  /  Last updated at 17:30 on April 22, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Optimism is creeping back into the voluntary market, although prices and liquidity were steady last week, and some standardized prices slipped lower from already very weak levels.

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Euro Markets: EUAs slide under selling pressure along with energy, while UKAs edge higher on compliance demand

Published 17:12 on April 22, 2024  /  Last updated at 17:35 on April 22, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

Carbon prices in Europe began the week on a sharply bearish note in line with wider energy markets, encouraging traders to build additional short positions but also highlighting the degree to which EUAs are being driven by fluctuations in natural gas, while UKAs shrugged off the bearish sentiment to rise amid increased compliance demand.

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