Brussels says new EU ETS benchmarks could be fast-tracked and backdated to 2026
Brussels has told industries they could receive a top-up of free carbon allowances for 2026 once new benchmarks are presented alongside the reform of the bloc’s carbon market in July, EU sources told Carbon Pulse.
Read MoreCanadian timber company reports emissions cuts, $13.3 mln in credit revenues
A Canadian-headquartered forestry company this week reported progress towards its climate targets, including lower emissions and new revenues from carbon market activities, in its latest sustainability report.
Read MoreBrussels eyes raising EU ETS cap to make room for carbon removals
The overall cap on the EU Emissions Trading System (ETS) will likely need to be raised to make room for units generated from permanent carbon removals, while giving extra breathing space to regulated industries, an official has indicated.
Read MoreEurope’s post-1980 heatwave surge driven mainly by GHGs, amplified by cleaner air policies -study
The sharp rise in European summer heatwaves since 1980 has been driven primarily by greenhouse gas emissions and further intensified by reductions in aerosol pollution resulting from air quality regulations, according to a new study.
Read MoreEuro Markets: EUAs fall as much as €2 amid continued selling before afternoon stabilisation
EU carbon allowances fell by as much as €2 by early on Thursday afternoon as traders continued to liquidate long positions that were initiated last week, before prices then stabilised over the balance of the session, while news reports concerning 400 million permits set to be allocated to fund a new Industrial Decarbonisation Bank also appeared to add to the bearish mood.
Read MoreNatural forest expansion sequesters more carbon than secondary forests in tropics -study
Natural forest expansion across the moist tropics has sequestered more above-ground carbon than secondary forests, but the sink remains far smaller than emissions from tropical forest loss, according to a new study.
Read MoreEU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Read MoreUK waste wood BECCS project files planning application
A UK energy-from-waste wood company has submitted a planning application to add carbon capture technology to an existing bioenergy plant, it announced last week.
Read MoreInsurance shifting towards prevention of nature-related risks, says trade body
Insurance companies are increasingly moving beyond paying claims after damage occurs to helping clients prevent nature-related risks, a trade body representative has said.
Read MoreGreenpeace wins jurisdiction battle in Dutch challenge to $345 mln US pipeline verdict
A Dutch court has cleared the way for Greenpeace International to pursue legal action against US pipeline operator Energy Transfer, rejecting the company’s attempt to have the anti-intimidation case dismissed and allowing proceedings to move to the merits stage.
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