Welsh farmers oppose mandatory tree planting targets, call for better financial incentives
The proposal to mandate a minimum 10% tree planting cover on farms in Wales under the Welsh government’s Sustainable Farming Scheme for carbon, biodiversity, and climate adaptation reasons is “the largest barrier” to entering the scheme as it currently stands, according to the sector’s trade union.
Read MoreGermany should scrap its national carbon system’s one-year trading phase -energy association
Germany’s main energy industry association has said the country should keep the price of its national heating and transport carbon system (nEHS) fixed until the new EU-wide heating and transport emission trading system (ETS2) kicks off in 2027.
Read MoreNew carbon capture partnership to explore steelmaking decarbonisation in India
A UK carbon capture firm will collaborate with an Indian steelmaker and a global mining company to speed up the deployment of carbon capture technology to decarbonise steel in India, it announced on Thursday.
Read MoreCCS plans could leave European taxpayers with €140 bln bill -report
Taxpayers in Europe risk having to foot a collective €140 billion bill for risky carbon capture and storage projects, as governments in the EU and the UK bet on CCS to reduce greenhouse gas emissions from hard-to-abate sectors, financial analysts have warned.
Read MoreUK rolls out ‘cap and floor’ scheme to draw investment in long-duration energy storage
The UK government announced on Thursday a new “cap and floor” scheme to incentivise billions in private investment in long-duration energy storage (LDES) technologies to support renewable power integration and boost energy security.
Read MoreUN body skips over Paris negotiators in a bid to secure consensus on Article 6.4
The UN body mandated to determine rules governing the Paris Agreement’s Article 6 opted early Thursday to bypass negotiators and bring its standards for carbon methodologies and removals into force – in a “risky” and “bold” move that was widely welcomed for its potential to drive agreement at next month’s COP29, despite concerns about its long-term implications.
Read MoreQatari organisation selects first Article 6 project for ITMO auction
A Qatar-based organisation has selected a first Article 6 project for inclusion in an Internationally Transferred Mitigation Outcomes (ITMOs) auction on a blockchain platform, it announced Thursday.
Read MoreCFEL24: Gold Standard set to publish early coal decommissioning carbon methodology in 2025
Gold Standard plans to next year publish a methodology that will credit early coal plant decommissioning, a senior member of the organisation said on Thursday.
Read MoreWorld nears dangerous tipping points as wildlife populations collapse, WWF says
The decline in global wildlife populations accelerated between 2018 and 2020, according to a scientific assessment published on Thursday by the WWF, which warned that the world is fast approaching irreversible tipping points for nature and climate.
Read MoreEuro Markets: EUAs gain a further 5% on TTF gas surge, technicals
European carbon prices settled nearly 5% higher on Thursday, building on strong Wednesday gains, as they tracked a bullish, nervous TTF gas futures with participants highlighting a return to correlation between the two markets, which pushed the benchmark EUA contract past multiple key technical resistance levels.
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