Euro Markets: EUAs fall further on bearish near-term fundamentals, as funds extend net long position
European carbon continued to slip lower off the back of weakening TTF natural gas prices, amid bearish near-term fundamentals for thermal power generation, as investment funds extended their net long position to the highest total since the end of July 2023.
Read MoreEU needs to set permanent carbon removal targets in its next climate goal, experts say
The EU needs to include legally binding targets for permanent carbon removals in its climate goals for 2030-40, experts said this week.
Read MoreUK energy retailer pledges £500k to woodland conservation charity
E.ON Next, a UK home energy supplier, has partnered with a woodland conservation charity and pledged to donate at least £500,000 over the next three years, the utility firm announced on Wednesday.
Read MoreVoluntary, Article 6 systems can co-exist without “competition” in bid to boost quality, says ICVCM co-chair
The regulators of the voluntary carbon market and the emerging administration of the UN’s Article 6 mechanisms may be covering the same broad territory in terms of setting standards for carbon credits, but should not be seen as competitors, according to a senior member of the ICVCM.
Read MoreMost institutional investors target net zero, divided over role of carbon offsets -report
Nearly two-thirds of asset owners and managers have committed to net-zero targets, yet opinions remain split on the role of carbon offsets in meeting these goals, according to a report released this week.
Read MoreBrussels preparing ‘net’ climate goal for 2040, EU sources confirm
The European Commission is preparing to unveil its 2040 climate target proposal towards the end of February, based on the assumption that it will be a “net” greenhouse gas reduction objective of 90% that also includes CO2 removals from soils and forestry, a senior EU source told Carbon Pulse.
Read MoreCarbon project ratings agency lays off dozens of staff amid voluntary market slowdown
A carbon project ratings agency has laid off dozens of staff members amid a company restructuring campaign, Carbon Pulse has learned.
Read MoreInvestors with $6.5 trillion of assets see mixed results in seafood sustainability engagement
Some 35 investors representing $6.5 trillion in combined assets have engaged with varied results over a year-long outreach with seven seafood companies on sustainability issues such as supply-chain traceability to curb habitat destruction and overfishing.
Read MoreEU parliament, countries agree to delay anti-deforestation law
Companies will have one more year to comply with the EU’s incoming deforestation law, under an agreement struck on Tuesday evening between the European Parliament and Council of member states.
Read MoreEU earmarks over €4 bln from ETS revenues for cleaner cars
The European Commission has earmarked €4.6 billion from revenues generated by the EU’s Emissions Trading Scheme (EU ETS) to boost net-zero technologies like electric vehicles, paving the way for its upcoming ‘Clean Industrial Deal’ and related efforts to green the automotive industry.
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