VCM Report: CCP-tagged voluntary carbon credits fail to ignite market, hopes pinned on slow burn impact

Published 16:45 on June 10, 2024  /  Last updated at 16:45 on June 10, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Middle East, Nature-based, Voluntary

The first voluntary credits tagged with the Core Carbon Principles (CCP) label nudged higher last week, after the ICVCM approved its methodologies, but expectations that the integrity-stamped units would immediately spark demand were snubbed out.

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Italy’s renewables are rising as Russian gas imports decline -report

Published 14:34 on June 10, 2024  /  Last updated at 14:34 on June 10, 2024  / Sara Stefanini /  EMEA

Italy halved the share of Russian imports in its gas mix between 2021 and 2022 and is on track to boost renewables to more than two-thirds of its power generation, according to research published on Monday.

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NGOs outline principles to improve JETP design ahead of G7 summit

Published 14:29 on June 10, 2024  /  Last updated at 14:29 on June 10, 2024  / Nick Ferris /  Africa, Asia Pacific, Climate Talks, EMEA, International

A coalition of civil society groups have outlined a series of principles which they say will ensure a fair Just Energy Transition Partnership (JETP) design, ahead of the G7 leaders summit this week.

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Coal power hits all-time low in Poland and Greece, new data shows

Published 14:06 on June 10, 2024  /  Last updated at 14:06 on June 10, 2024  / Frédéric Simon /  EMEA, EU ETS

Electricity generation from coal fell to record lows in Poland and Greece, according to data released on Monday, as both countries ramped up renewable power generation to meet climate goals.

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Green Deal comes out unscathed from EU election, experts say

Published 13:33 on June 10, 2024  /  Last updated at 13:33 on June 10, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, International

Contrary to five years ago, the 2024 election to the European Parliament was not a “climate vote” enjoying broad popular support. Yet, the Green Deal is still seen as a central element of any majority that will emerge in Parliament after the election, experts say.

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BRIEFING: What to expect on climate policy after the European elections

Published 12:34 on June 10, 2024  /  Last updated at 12:34 on June 10, 2024  / Frédéric Simon /  EMEA, EU ETS

The European Parliament has a politically charged agenda for the next five years as the EU prepares to adopt its 2040 climate goal, implement its controversial CO2 border tax, and deal with the social consequences of extending carbon pricing to road transport and heating fuels, among other climate policy objectives.

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Orsted consults on net-positive biodiversity framework for renewables

Published 11:44 on June 10, 2024  /  Last updated at 11:44 on June 10, 2024  / Thomas Cox /  Biodiversity, EMEA

An eight-step framework to help renewable companies measure action towards becoming ‘net-positive for biodiversity’ on land and sea is open for feedback from Orsted, the largest wind farm developer in the world.

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UK parties under pressure to strengthen climate policies in election campaigns

Published 11:00 on June 10, 2024  /  Last updated at 11:00 on June 10, 2024  / Sara Stefanini /  EMEA

The UK’s next government is under pressure to strengthen the country’s climate policies, with hundreds of experts calling for faster emission reductions and the head of one of the country’s biggest energy companies calling to tackle administrative burdens to the transition.

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Study reveals increased human and natural disturbances in Europe’s forests

Published 06:20 on June 10, 2024  /  Last updated at 06:20 on June 10, 2024  /  EMEA, Nature-based, Voluntary

Both human-induced and natural disturbances in Europe’s forests have significantly increased since the late 20th century, a study has found, revealing a complex interplay that might influence future forest management and policy decisions.

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Global insurance broker launches carbon credit protection offering

Published 06:06 on June 10, 2024  /  Last updated at 06:06 on June 10, 2024  /  EMEA, Nature-based, Voluntary

A global insurance broker has introduced an new insurance solutions service to help clients navigate the complexities of decarbonisation initiatives, offering protection against buying carbon credits.

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