Euro Markets: EUAs hit five-week low ahead of benchmark contract expiry as prompt gas tumbles
EU carbon allowances fell to a five-week low on Friday, tracking a big drop in natural gas prices as reports emerged of negotiations to keep some Russian exports flowing to Europe next year, while carbon traders began to shift their attention to the Dec-25 EUA futures contract, which takes over as the benchmark early next week.
Read MoreBRIEFING: Next-generation geothermal emerges from the shadows, backed by a series of new reports
A series of high-profile reports on geothermal energy have been published in recent weeks, as hopes for the viability of next-generation technologies have increased, and policymakers have indicated their increasing interest in supporting the industry.
Read MoreICVCM stresses difference of opinion “healthy” after carbon experts step down over REDD+ decision
The Integrity Council for the Voluntary Carbon Market (ICVCM) has underlined that internal differences in opinion are important after members of the stakeholder initiative’s expert panel stepped away from the organisation over a recent decision to approve three REDD+ forestry crediting methodologies.
Read MoreMontenegro seeks CBAM exemption by linking power system with EU -media
Montenegro has asked for an exemption from the first year of the EU’s Carbon Border Adjustment Mechanism (CBAM), the country’s energy minister said on Friday as reported by local media.
Read MoreUNFCCC unveils template documents to help developers of Article 6 carbon projects
The United Nations Framework Convention on Climate Change (UNFCCC) has published a set of templates to guide project developers wishing to engage with the Paris Agreement Crediting Mechanism (PACM) under Article 6.4 of the Paris Agreement.
Read MorePREVIEW: Five things to watch on EU climate policy in 2025
With the Polish EU Council presidency focusing on energy security in the first half of the year, the initiative on climate is expected to come from the European Commission, with a series of proposals due in the first quarter, including a much-awaited Clean Industrial Deal at the end of February.
Read MoreIreland must cut emissions 6.3% per year by 2040 to meet targets, advisors say
Ireland must cut greenhouse gas emissions by 6.3% annually in the next 15 years under a new carbon budget proposal from the country’s independent advisory body on climate change.
Read MoreInsurance industry key to de-risking biodiversity credit markets, UNEP FI says
The UN Environment Programme Finance Initiative (UNEP FI) released on Thursday the first global guide for insurers to prioritise actions for nature, stressing their role in achieving global biodiversity goals, including through scaling emerging markets.
Read MoreFEATURE: Sinking biomass in anoxic basins attracts scientific interest but no guarantee of regulatory approval
Several startups are proposing sinking biomass in anoxic basins, such as the Black Sea, to sequester carbon and generate removal credits, though they face hurdles related to wider scientific approval and regulatory sign-off before they can move ahead.
Read MoreAsset manager sets up Europe-focused biodiversity fund, targets raising €200 mln
A Luxembourg-headquartered asset manager has launched a fund aimed at supporting European companies and projects that contribute to biodiversity conservation and restoration, with the target of raising €200 million.
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