EU nations urged to allocate ETS revenues towards climate goals
The European Union should invest earnings from the carbon market more efficiently towards climate goals, according to a collective call.
Read More85% of banks worldwide still open to financing new coal -report
Some 85% of banks are open to financing new coal projects, and only 8% of banks are committed to ending project financing of new oil and gas fields, according to research published on Tuesday.
Read MoreBRIEFING: Article 6 needs streamlining and specifics, fewer constraints, says carbon industry
UN negotiators should facilitate private sector involvement in Article 6 through measures designed to streamline deal-making, authorisation, and transaction, but should not over-emphasise central infrastructure or interpret the Paris Agreement to preclude REDD projects, according to a carbon trading industry body.
Read MoreAdvisory group urges Brussels to ensure holistic and long-lasting carbon removals in CRCF
The European Commission needs to take a holistic approach to the emissions covered in its industrial carbon management policy, extending its oversight to indirect emissions within company’s assets, as well as the energy used from carbon management technologies, among other areas, according to recommendations from an advisory group.
Read MoreVCM MONTHLY DATA: Shell leads retirees in September as issuances soar to three-year high
Issuances in the voluntary carbon market (VCM) soared to their highest level in September for three years, while oil major Shell was the largest retiree of credits, according to new analysis of registry data from Carbon Pulse.
Read MoreVCM Report: Resurfacing fraud charges undermine confidence, thin liquidity continues
The integrity of the voluntary carbon market came under the spotlight again last week after charges of fraud were unsealed by US authorities against Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), as well as the company’s ex-COO and a former managing director, Tridip Goswami, among others.
Read MoreEuro Markets: EUAs erase early plunge to six-month low in heavy trading as gas rebounds on geopolitics
European carbon prices dropped sharply from the opening on Monday, reaching a new six-month low early in the afternoon – just above a key psychological and technical level – before then clawing back all their losses in the busiest day the ICE exchange has seen since early 2022, after gas prices staged a bounce-back on bullish news reports.
Read MoreCarbon offsetting programme publishes new nature-based methodologies, tools
An international carbon credit development programme on Monday published two new methodologies and two methodological tools under its nature-based solutions (NBS) programme.
Read MorePREVIEW: COP16 ‘temperature check’ for world’s pledges on nature
Delegates from nearly 200 countries will gather in Colombia at the end of this month for the COP16 biodiversity summit, in what observers call “a temperature check” for the world’s pledges on nature, amid political divisions on finance mobilisation threatening to hamper the implementation of the landmark Global Biodiversity Framework (GBF).
Read MoreEU ETS found to have “no significant issues” in market watchdog’s first annual report
Europe’s markets authority said it had not found any “significant issues” in the functioning of the EU ETS during 2023 and did not make any recommendations for additional regulation, in its first annual report on the market published on Monday.
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