No ETS2 revision planned before 2028, EU sources say
There is no planned revision of the EU’s Emissions Trading System for road transport and heating fuels (ETS2) until 2028, EU sources told Carbon Pulse in response to calls from national governments to address social acceptability concerns before the scheme kicks off two years from now.
Read MoreICE sees record environmental contracts trade in 2024
The ICE exchange on Friday said it saw a record number of environmental contracts trade in 2024, and confirmed the launch of new EU ETS2 futures in May.
Read MoreEU’s leaked ‘competitiveness compass’ puts focus on regulatory simplification
The European Commission says it will deliver an “unprecedented simplification effort” in a leaked draft of its ‘competitiveness compass’ seen by Carbon Pulse on Friday, which also includes a decarbonisation roadmap.
Read MoreAfforestation, bioenergy projects may do more harm than good to nature, study says
Nature-based solutions (NbS) designed to curb climate change, such as afforestation and bioenergy cropping projects, could lead to unintended consequences for biodiversity, as they alter vast areas of land and habitat, according to a new paper.
Read MoreUK non-profit launches urban biodiversity credit standard
A UK non-profit has launched a global crediting standard for measuring urban biodiversity and ecosystem services, in a bid to tackle urban crises such as air pollution, flooding, and the heat island effect.
Read MoreGlobal Carbon Council submits application for programme-level assessment to ICVCM
The Global Carbon Council (GCC) announced Friday it has submitted its programme-level assessment application to the Integrity Council for the Voluntary Carbon Market (ICVCM).
Read MoreBRIEFING: The Swiss roll out ‘leading’ carbon removal targets in climate act
Switzerland has set the carbon removal sector alight after bringing into force bold new climate legislation at the start of the year, offering millions in funding for carbon capture projects.
Read MoreBRIEFING: UK Woodland Carbon Code standard to apply for ICVCM, trialling digital MRV
UK-focused forestry standard the Woodland Carbon Code (WCC) plans to apply in April for approval under the Integrity Council for the Voluntary Carbon Market (ICVCM)’s CCP-quality label, and is carrying out trials to digitise project measurement, reporting, and verification, according to a manager.
Read MoreINTERVIEW: Acoustic indices unfit for monitoring species richness in biodiversity markets, expert says
Acoustic indices used in biodiversity monitoring often fail to accurately reflect species richness, representing a potential challenge for the nascent biodiversity credit market, a conservation expert told Carbon Pulse.
Read MoreFEATURE: UK ETS can nudge shipping towards decarbonisation, but won’t suffice on its own
Adding shipping to the UK ETS could help push the sector towards decarbonisation — but there are concerns that the carbon price is still too low to make a dent and that it creates a patchwork of regulations in a market where international measures are also in the pipeline.
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