Investigation reveals plastic producers lobbying for free EU ETS allowances
The European chemical industry, led by major plastic producers, has been pushing back on the EU Emissions Trading System (ETS) and the Carbon Border Adjustment Mechanism (CBAM), claiming that carbon policies threaten their survival in Europe and will drive investment and jobs overseas, according to leaked documents.
Read MoreGeological CO2 storage development skewed towards wealthier nations, study finds
Rich countries with established oil and gas industries are leading the development of geological CO2 storage (GCS), leveraging existing infrastructure and expertise, while lower-income countries, despite often facing greater climate challenges, struggle to access the resources needed to implement this critical technology – exposing deep inequalities in global climate action.
Read MoreCDR project portfolio manager unveils initiative to widen access to BECCS market
A CO2 removal (CDR) project portfolio manager has unveiled a new initiative aimed at widening access to bioenergy carbon capture and storage (BECCS) technologies.
Read MoreUS carbon firm, Estonian project developer ink deal for first EU-based afforestation credits
A California-headquartered carbon solutions provider and an Estonian project developer announced Tuesday what they called the first-ever offtake agreement for afforestation credits from an EU-based project.
Read MoreCO2 transformed to renewable methane via solar energy -study
Researchers in Navarra, Spain are using the power of the sun to turn CO2 into methane – a possible substitute for natural gas.
Read MoreGermany set to transpose EU ETS reform this week
There will not be a fixed price in Germany’s national emissions trading system (ETS) next year and it will not unilaterally opt in waste incinerators to the EU ETS, according to a last-minute cross-party compromise seen by Carbon Pulse that is set to be approved by the Bundestag on Friday.
Read MoreEU centre-right divide deepens amid “violent” talks on ETS2 and CBAM
The ruling centre-right European People’s Party (EPP) is facing intense internal divisions over the future of the EU’s Emissions Trading System for road and heating fuels (ETS2) and the Carbon Border Adjustment Mechanism (CBAM), and has so far failed to reach consensus on what the bloc’s 2040 emissions reduction target should be.
Read MoreEuro Markets: Bulls drive late spike in EUA prices to erase early losses, defend positions ahead of auction pause
European carbon prices jumped late in the session on Tuesday as bullish traders drove prices higher ahead of the settlement window to defend the recent rally in the face of growing bearish sentiment, while UKAs gained by the most in the market’s history after the Financial Times reported that the British government has asked for relinking to the EU ETS to be added to the agenda of an upcoming summit in Brussels.
Read MoreEcocem set to break ground on its first low-carbon cement technology plant
Low-carbon cement producer Ecocem intends to build the first production facility dedicated to its new cement technology in the French port city of Dunkirk, the company announced on Tuesday.
Read MoreCredits from world’s largest soil carbon project could be invalid after landmark ruling
More than a million credits from the world’s largest soil carbon project, the Northern Kenya Grasslands Project, could be invalid after a landmark court ruling this week.
Read More