FEATURE: Continued EU ETS exemption for most long-haul flights brings short-haul relief for CORSIA
The European Commission proposal to hold off on extending the Emissions Trading System (ETS) to all international flights is a welcome sign of certainty for the UN’s carbon offsetting scheme CORSIA – although ICAO, and market participants, worry the relief will be short-lived.
Read MoreEU Commission greenlights Latvia’s €617 mln plan to shield citizens from ETS2 impacts
The European Commission approved on Monday Latvia’s Social Climate Plan, which is designed to soften the impact of the bloc’s new carbon market for buildings and road transport.
Read MoreBrussels prepares ‘shopping proposal’ for removals and international credits going into EU ETS
The European Commission plans to set up an EU facility to centralise purchases of international carbon credits and domestic removal units that will enter the bloc’s Emissions Trading System (ETS) in the 2030s, officials told Carbon Pulse.
Read MoreBrussels clears Italian scheme that boosts indirect carbon cost compensation for heavy industry
Italy will more than double the amount it spends reimbursing energy‑intensive companies for higher power prices linked to carbon costs, after Brussels signed off on an expanded state aid scheme on Monday.
Read MoreBrussels ask EU states to delay methane penalties amid war-driven energy crisis
The European Commission has recommended that the EU 27 member states suspend penalties under the bloc’s landmark methane rules for three years, assuming that the current energy crisis requires a more flexible approach while leaving all compliance obligations intact.
Read MoreEU supply chain laws raise compliance bar for Brazilian beef, leather imports -report
Companies importing Brazilian beef and leather into the European Union face “serious obstacles” in complying with a new wave of EU supply chain legislation designed to eliminate deforestation, forced labour, and human rights abuses from global value chains, according to a new report.
Read MoreAI tool for nature credit developers reveals information gaps limiting its use
A group of experts has developed an AI tool to support nature credit project design, identifying critical limitations to its use by market practitioners.
Read MoreANALYSIS: EU ETS carbon removal volumes may be much lower than headline figure
EU carbon removal units procured for integration into the bloc’s Emissions Trading System (ETS) could be much lower than the headline 250 Mt, as this figure refers to the number of carbon permits that will be set aside to fund removal unit purchases, experts have noted.
Read MoreEU ETS reform risks flooding carbon market, weakening climate ambition, warn researchers
The European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) would create a prolonged glut of carbon allowances that risks suppressing prices, weakening investment signals, and putting the bloc’s 2040 climate target in jeopardy, according to a new assessment by a German think tank.
Read MoreNew biochar firm targets African agricultural waste for carbon credits
A newly launched biochar company plans to help African agricultural processors convert biomass waste into biochar and generate verified carbon removal credits for corporate buyers, it announced last week.
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