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Russian lawmakers give initial nod to nation’s first climate law

Published 19:06 on April 20, 2021  /  Last updated at 19:06 on April 20, 2021  /  CBAM, Climate Talks, EMEA, EU ETS, International, REDD, Voluntary Market  /  No Comments

Russian lawmakers gave preliminary approval on Tuesday to the country’s first climate law, which aims to enable emissions trade and require large polluters to report their GHG output.

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EU Market: EUAs set new record above €45 following strong auction

Published 18:52 on April 20, 2021  /  Last updated at 20:29 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

EUAs extended their all-time high on Tuesday, breaking above €45 for the first time ever as strong auction demand spurred bullish confidence despite warnings of a technical correction.

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EU carbon market for vehicles, buildings would be “adjacent system, maybe with linkages” to existing ETS -official

Published 18:01 on April 20, 2021  /  Last updated at 18:43 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

If the EU’s carbon market is to be expanded to road transport and buildings, it would take the shape of an “adjacent system, maybe with linkages” to the existing ETS that would be increased over time, a senior European Commission official said Tuesday.

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EU’s MSR intake rate might need raising to reach 2030 climate target -report

Published 11:12 on April 20, 2021  /  Last updated at 12:28 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

The EU carbon market’s supply-adjusting MSR intake rate would need to at least be maintained at its current 24% or even increased if the 27-nation bloc is to meet its 2030 emissions reduction target, an NGO-commissioned report released Tuesday found.

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Offset developers, registries must bring higher-integrity protocols to market -report

Published 23:36 on April 19, 2021  /  Last updated at 23:36 on April 19, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, EMEA, International, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon market (VCM) participants and registries need to quickly scale-up high integrity offset protocols amid rising corporate demand, while also making tweaks to existing protocols to account for inadequacies, according to a white paper published Monday. 

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Countries with EU ETS “deficits” should be exempted from MSR, Poland proposes

Published 22:57 on April 19, 2021  /  Last updated at 00:04 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

Poland has proposed modifying the EU carbon market’s MSR to exempt countries that are cutting emissions but continue to face an allowance “deficit”.

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VCM Report: Nature-based offset trades rev up amid wider VER stagnation

Published 19:14 on April 19, 2021  /  Last updated at 19:14 on April 19, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices dithered this week evenas spot commodities exchange and market data firm Xpansiv announced the inaugural trades in its nature-based offset product, while a new report highlighted the expansion of voluntary carbon market (VCM) interest in forestry-based credits over the past five years. 

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EU Market: EUAs slip back after hitting another new record near €45

Published 18:56 on April 19, 2021  /  Last updated at 19:43 on April 19, 2021  /  EMEA, EU ETS  /  No Comments

EUAs extended their record high again on Monday, but later slipped back as experts were mixed as to carbon’s next move.

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INTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution

Published 18:49 on April 19, 2021  /  Last updated at 20:57 on April 19, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, Kyoto Mechanisms, US, Voluntary Market  /  No Comments

After seeking to offset its emissions in the days before GHG protocols and carbon standards, US-based flooring manufacturer Interface is now receiving international acclaim for its work that has helped expand the voluntary emissions reductions (VER) market over the past 20 years.

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Higher EU renewables targets by 2030 risks depressing carbon price, say analysts

Published 16:02 on April 19, 2021  /  Last updated at 21:21 on April 19, 2021  /  EMEA, EU ETS  /  No Comments

The EU will need to carefully calibrate its 2030 renewables targets with the bloc’s carbon market to avoid depressing EUA prices due to reduced power sector demand, analysts said in a report last week.

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