CFEL24: UK could consider using Article 6 credits for ‘above and beyond’ mitigation as it mulls next NDC
The UK may use international credits for “above and beyond” mitigation, pending a decision on how to approach its next set of UN climate goals, with the country’s lead negotiator hopeful for a breakthrough in talks at the upcoming COP29 meeting, a conference heard on Tuesday.
Read MoreEuro Market: EUAs re-test six-month lows as selling pressure continues to dominate
European carbon allowance prices came under renewed pressure on Tuesday amid continued gloomy macroeconomic and geopolitical sentiment, but sustained selling encountered support marginally above Monday’s six-month low.
Read MoreCFEL24: Investors call for detailed data to mitigate risks as EU ETS free allocations shrink
Investors want detailed data and long-term investment strategies to navigate future carbon pricing scenarios, as they prepare to work in a context with fewer free allowances in compliance markets.
Read MoreBRIEFING: UK considering key reforms in next renewables auction
The UK government is considering key reforms to the next renewables auction in 2025 including on reference price reform, longer contracts, and capacity targets, an official said on Tuesday.
Read MoreClimate finance takes a backseat at key EU council meeting
The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.
Read MoreINTERVIEW: Small sites should be exempt from biodiversity net gain
The English biodiversity net gain (BNG) small sites exemption should be expanded, as minor developers are disproportionately affected, a consultant told Carbon Pulse, contrasting calls to move in the opposite direction.
Read MoreUK shipping industry lays out £700 mln investment plan to reach net zero by 2050
A UK shipping trade association is calling for a £700 million government investment in the country’s upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.
Read MoreINTERVIEW: Carbon capture and usage must work for refractory giant to preserve European business
An industrial ceramics producer that is facing significant additional costs under the EU ETS if it doesn’t decarbonise fast enough views capturing carbon and converting it into useful products as vital to its continued business offering in Europe.
Read MoreTwo UK carbon capture projects progress towards start-up by 2030
Two bioenergy carbon capture and storage (BECCS) projects have passed the ‘deliverability assessment’ as part of the UK government’s HyNet cluster expansion process, putting them on track to become operational by 2030, the developer announced on Tuesday.
Read MoreBNP Paribas, French NGO launch impact loan vehicle for coral reef conservation, target $35 mln
A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.
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