BRIEFING: UK hoping to avoid overlaps, disparity with EU ETS in Irish Sea shipping
The UK government is looking at how to avoid a disparity in carbon prices in the Irish Sea when it expands its ETS to the domestic maritime sector, according to officials.
Read MorePricing carbon internally is key for corporate climate leadership, says non-profit
Using an internal carbon price is one of the four key levers that companies must pull in order to be a climate leader, although only 41% of corporate frontrunners are doing so thus far, said a non-profit during the World Economic Forum in Davos.
Read MoreEuro Markets: EUAs rally to extend winning streak, matching record after gas spikes on storage news
European carbon prices ended a volatile Tuesday slightly higher, matching the record of nine successive daily increases, after early weakness amid technical signals pointing to an overbought market was brushed aside following a jump in natural gas prices on updated German storage regulations, while UK Allowances steadied after bouncing back from Monday’s record low.
Read MoreSingapore president calls for integrating carbon, biodiversity credit markets
Integrating biodiversity and water credits into the voluntary carbon market (VCM) could help better address the existing funding gap on nature, the president of Singapore told an event at the ongoing World Economic Forum’s (WEF) annual meeting in Davos, Switzerland on Tuesday.
Read MoreReplanet considers landscape-scale biodiversity credit measurements
Project developer Replanet is considering how to make measuring biodiversity credits from landscape-scale initiatives of up to 300,000 hectares affordable, despite a lack of demand.
Read MoreMajor economies defend Just Energy Transition Partnerships (JETPs) in joint statement
Major economies published a joint article to defend the importance of Just Energy Transition Partnerships (JETPs) on Tuesday, and to reaffirm their commitment to raising climate finance.
Read MoreDigital verification company expands into ARR carbon projects
A carbon project verification company has announced its expansion to cover afforestation, reforestation, and revegetation (ARR) activities, it said Tuesday.
Read MoreArab League signs MOU with Qatar-based centre to build Article 6 capacity -media
The Arab League on Monday signed a Memorandum of Understanding (MoU) with a Qatari sustainability institution to enhance regional cooperation and build local capacity on carbon markets, according to reports in regional media.
Read MoreEurope’s political leaders cry out for flexibility in meeting EU climate goals
Key political figures in Europe have joined centre-right calls for greater flexibility in meeting EU climate targets, supporting instead a technology-neutral approach that puts renewables, nuclear, and other clean technologies on an equal footing to meet the EU’s decarbonisation objectives.
Read MorePolicy incentives needed to balance CDR development given wide price spreads -survey
More policy incentives are needed to encourage the nascent carbon removal (CDR) sector, given a wide gap in price perceptions among market participants, according to results of a recent pricing survey.
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