Oslo waste incinerator resumes BECCS project, eyes carbon credit market
Norway’s largest waste-to-energy plant located in Oslo has resumed construction on its bioenergy with carbon capture and storage (BECCS) facility, which aims to generate credits for the voluntary carbon market (VCM), the company announced on Monday.
Read MoreItaly’s soaring gas investments ignore falling demand, researchers say
The Italian government continues to incentivise programmes for gas and operators of liquefied natural gas, pursuing a path that researchers consider out of step with market reality.
Read MoreFrance floats initial suggestions for EU CBAM reform
Paris has made initial suggestions for reforming the EU’s Carbon Border Adjustment Mechanism (CBAM) and is planning to gather further input in the coming weeks with a view to preventing carbon leakage – or relocation of industries abroad to avoid the EU’s CO2 pricing policies.
Read MoreUK Climate and Nature Bill stalls as Labour government blocks progress on binding targets
A proposed UK law to make climate and environmental targets legally binding amid a more joined-up approach has been delayed after a contentious debate in parliament.
Read MoreEuro Markets: EUAs settle at 15-month high above technical level as bulls protect 3% weekly gains
European carbon prices settled at their highest in 15 months on Friday, capping a 3% weekly gain as bullish positioned traders protected the recent rally by driving prices up by close to €2/tonne in the afternoon, and generating a settlement price above a key technical level.
Read MoreArticle 6 body should establish ownership rights to attract financial sector -industry group
The Supervisory Body (SBM) of the Article 6.4 mechanism should weigh in on property rights concerning UN-approved credit issuances at its February meeting, according to an emissions trading industry group.
Read MoreZambia publishes carbon market framework in step towards Article 6 trade
Zambia has published a carbon market framework, which establishes a fee structure for international credit trade, the institutional arrangements for managing markets in the country, and the functions of its national registry, as it moves a step closer towards Article 6 readiness.
Read MoreNet zero asset owners initiative opens call for carbon removal expertise
The UN-convened Net Zero Asset Owner Alliance (NZAOA) has published a request for information as it seeks to ramp up to capacity building, knowledge sharing, and investment in carbon removal.
Read MoreFEATURE: What do the German elections have in store for climate policy?
Climate experts see a new Conservative-led government in Germany staying the course on climate action, albeit with a greater focus on carbon pricing and removals that some warn risks backfiring politically.
Read MoreNo ETS2 revision planned before 2028, EU sources say
There is no planned revision of the EU’s Emissions Trading System for road transport and heating fuels (ETS2) until 2028, EU sources told Carbon Pulse in response to calls from national governments to address social acceptability concerns before the scheme kicks off two years from now.
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