Climate spending under EU pandemic fund likely over-estimated, auditors say
The EU’s pandemic recovery funds contribution towards climate action and the green transition is likely over-estimated by at least €34.5 billion, the European Court of Auditors (ECA) said on Wednesday.
Read MoreIrish farmers and landowners targeted for forestry carbon credit revenue
One of the largest forestry management firms in Ireland has teamed up with the country’s first certified carbon management company to sell credits in the voluntary market.
Read MoreScottish farmers need more detail about transition to nature-friendly farming as new legislation comes into play -webinar
There are still many unknowns about what will be required of farmers under an agricultural bill passed by the Scottish government in June, including on the incentives for woodland creation and peatland restoration, a trade body representative told a webinar on Wednesday.
Read MoreBrussels aims to rubber-stamp carbon removals framework by year’s end
The European Commission expects to formalise its Carbon Removals and Carbon Farming (CRCF) regulation by the end of this year, giving it the legal basis on which to set certification methodologies for the first batch of removal techniques next year, a Brussels official confirmed on Wednesday.
Read MoreClean cooking carbon project developer sells all credits through 2024 at $35/t
A clean cooking project developer has sold all of its carbon credits of a vintage through 2024 at $35 per tonne, an executive told an event Wednesday, in a sign that demand for ‘high-quality’ units is there for the voluntary market.
Read MoreUK businesses show varied progress towards net zero -survey
A UK survey on corporate net zero progress found that 73% of respondents consider achieving net zero a medium- or high-priority over the next year, only 65% have committed to the 2050 target, and just 48% have set net zero goals to be met within the next decade.
Read MoreDrax urges BECCS support as critical to meeting UK clean power goal by 2030
Drax is looking to the UK government to begin discussions soon on a contract to support the company’s incoming bioenergy with carbon capture and storage (BECCS) project, to ensure that the plant can contribute to the country’s goal for clean power by 2030, a Drax official said on Wednesday.
Read MoreEU announces research project to assess impact of CBAM on its neighbours
The European Commission has announced fresh funding for a research project that explores the impact of the EU’s Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM) on neighbouring countries.
Read MoreINTERVIEW: EU’s aluminium industry heavily reliant on electricity to decarbonise
The EU needs a lot more renewable and low-carbon electricity and it needs it “ASAP”, according to Paul Voss, director general of industry association Europe Aluminium, adding to a growing chorus of voices calling for lower energy prices to boost the bloc’s competitiveness.
Read MoreWorld Bank heralds gains in carbon pricing across emerging economies despite political, economic risks
Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.
Read More
