FEATURE: EU weighs central purchasing authority for carbon removals in ETS
The European Commission is weighing the creation of a central purchasing authority for carbon removal units entering the EU Emissions Trading System (EU ETS), a move supported by environmentalists, but which also has drawbacks.
Read MoreNon-profit launches certificate scheme to finance shift from fossil-based plastics
A Singapore-headquartered non-profit has launched a market-based certificate scheme aiming to support companies in transitioning away from fossil-based plastics.
Read MoreCarbon market “co-benefit premiums” could steer finance towards higher-impact nature projects -researchers
Adding “co-benefit premiums” to carbon markets to reward nature-based climate projects that deliver measurable adaptation, biodiversity, and social benefits alongside carbon sequestration, could redirect investment towards higher-impact projects that are currently overlooked.
Read MoreResearchers propose new framework to classify carbon credits by mechanism rather than project type
A group of German researchers has proposed a new framework for classifying carbon offset projects based on the underlying mechanisms by which they reduce or remove greenhouse gases, arguing that existing taxonomies obscure important differences in project quality and accounting approaches while lumping together fundamentally different activities.
Read MoreUK spent nearly £400 mln on international nature finance over four years, FOI data shows
The UK invested almost £400 million in international climate finance for nature between 2021-25, according to government data released this week under a Freedom of Information (FOI) request, revealing funding for more than 40 international programmes spanning biodiversity, forests, oceans, and multilateral environmental agreements.
Read MoreRich countries overstated “true value” of climate finance to poorer countries in 2024 by ~$100 bln, says non-profit
Wealthy countries inflated the ‘true value’ of climate finance they provided to low- and middle-income countries in 2024 by about $100 billion, with some 65% of the total delivered as loans, many on market terms, according to a non-profit.
Read MoreDrax biomass power plant was the UK’s largest emitter for 11th year running
The UK’s largest biomass power plant – the Drax biomass station – was the country’s heaviest emitter for the 11th year running in 2025, with record emissions of 14.1 million tonnes of CO2e, according to analysis by a think tank.
Read MoreUK to extend nuclear power plant lifespan by 20 years
The UK government has struck an initial deal to extend the life of an existing nuclear power plant by 20 years, which it says will ensure large volumes of clean electricity and skilled jobs.Â
Read MoreScaling CDR alongside emissions cuts could halve 1.5C overshoot, study finds
A climate strategy that scales carbon removal (CDR) alongside rapid emissions cuts could reach net zero CO2 seven years earlier than pathways that prioritise either removals or decarbonisation alone, but would face a major geological storage constraint, according to a recent study.
Read MoreSeven EU countries issue last minute call to strengthen the EU’s carbon market
Spain, Denmark, Finland, Luxembourg, the Netherlands, Portugal, and Sweden on Wednesday called for a stronger EU Emissions Trading System (ETS), including aligning the ETS’ annual emissions cap with the bloc’s 2040 climate goal of reducing net emissions by 90%.
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