CFEL24: EU industry may never recover from two-year slump -analysts
There is a real chance that EU industry never recovers from its current output slump, in what could be a major drag on the European carbon price over the next decade, analysts told Carbon Forward Expo London 2024 last week.
Read MoreBroken: Study reveals sharp decline in global land carbon sink in 2023
Last year saw a dramatic weakening of the global land carbon sink, the system that absorbs CO2 from the atmosphere, as the planet experienced record-breaking heat and severe droughts, a new study warns.
Read MoreEU wants more countries to contribute to global climate finance goal
The EU is holding strong on its position that more countries need to contribute to the next global climate finance goal, with a plan to push for more money while ensuring that the bloc isn’t spread too thin, according to the general negotiating mandate for COP29 adopted by climate and environment ministers late on Monday.
Read MoreIntegrating carbon removal credits into EU ETS makes moral and business sense, says BP
There is both a strong moral case and business case for integrating carbon removal credits from around the world into the EU ETS, a senior member of BP’s carbon team told a conference on Monday.
Read MorePoland’s new ‘ambitious’ climate plan foresees sharp drop in coal use by 2040
Poland’s newly released national and energy climate plan for 2030 foresees a significant drop in coal use this decade and could potentially halve emissions within the decade – 20% more than in the previous 2019 plan.
Read MoreEuro Markets: Carbon extends gains amid renewed close links with natural gas
European carbon prices resumed their upward trend on Monday as participants continued their accumulation after last week’s short-squeeze rally was triggered by investment funds amassing the largest net short position since March, while energy markets posted steady gains amid forecasts for lower temperatures.
Read MoreCFEL24: Integrity concerns still keeping voluntary carbon credit buyers at bay
Companies, banks, and governments need to take concrete steps to incentivise support for the voluntary carbon market (VCM) with persistent integrity concerns still holding buyers back, according to speakers at Carbon Forward Expo London last week.
Read MoreVCM Report: Huge REDD trade lifts spirits, prices tick higher ahead of COP29
A huge REDD trade at a very low value bolstered volumes in the voluntary carbon market last week, and prices in general ticked higher as optimism picked up ahead of the climate talks in Baku next month.
Read MoreNon-profit considering global portfolio of biodiversity credit pilots
Fauna & Flora is considering supporting biodiversity credit initiatives in countries across the world, following an ongoing 500-hectare pilot in South Africa, Carbon Pulse has learned.
Read MoreUnder-prepared shipping companies may face hefty fines under FuelEU -consultancy
European shipping companies are not ready for the upcoming FuelEU Maritime regulation and could face significant fines, according to an independent shipping emissions analytics company.
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