UK off target to meet 2030 clean power goal by two years -report
The UK is set to fall short of its target for 95% clean power by 2030 by a margin of 12 percentage points, though could achieve the full target by 2032 provided more renewables come online and grids are upgraded, said a consultancy in a new report.
Read MoreNGOs propose global ‘no-go’ mining framework for environmentally and culturally sensitive areas
A coalition of civil society organisations has proposed a framework identifying areas that should be permanently off-limits to mining, arguing that stronger safeguards are needed to prevent irreversible environmental damage and human rights violations as demand for critical minerals accelerates.
Read MoreInternational climate diplomacy should evolve to distinguish institutional, implementation processes -report
A recent report by a German non-profit suggested a two-tiered approach to multilateralism in international climate diplomacy, more distinctly distinguishing between institutional and implementation efforts, offers the most realistic path for turning talk into action.
Read MoreEU governments leave €85 bln in ETS2 funding frozen as social plans stall -report
One year after the deadline to submit national Social Climate Plans, 19 EU member states have yet to file the documents required to access funding linked to the bloc’s new Emissions Trading System for road transport and heating fuels (ETS2), leaving €85.3 billion effectively frozen, according to campaigners.
Read MoreVCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM). Â
Read MoreUK hospitals, small emitters cut emissions beyond ETS targets in 2025
Britain’s hospitals and small industrial emitters cut their greenhouse gas emissions well below government targets in 2025, according to newly published data covering participants in the UK Emissions Trading Scheme’s Hospital and Small Emitter (HSE) scheme.
Read MoreEU vote on CBAM carbon price deduction rules delayed
EU member states did not vote last week on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, even though a decision had been scheduled.
Read MoreEuro Markets: EUAs hold on to €80 before ETS reform reports trigger heavy selling
European carbon managed to hold above the €80 mark for the first half of the day until news reports detailing a key political party’s position on the EU ETS review triggered a heavy sell-off as traders reacted to perceived bearish supply-side proposals.
Read MoreExperts draft global ocean carbon removals framework due in 2027
International marine science experts are drawing up a global framework to assess ocean-based climate interventions, such as marine carbon removal (mCDR), with the work due to be completed by mid-2027.
Read MoreSeaweed carbon removal faces major ocean trade-offs, study warns
Growing seaweed across vast areas of the ocean could help draw down more CO2, but the carbon removal gains would be limited compared with the amount of biomass produced and could come with major risks for marine ecosystems, a peer-reviewed study has found.
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