BRIEFING: EU’s 250 Mt removals purchasing plan faces 2034 reality check, official says
The European Commission’s headline pledge to buy 250 million tonnes of permanent domestic carbon removals under the EU ETS is “a promise” rather than a hard guarantee, with a review in 2034 set to examine whether the target – and the money behind it – needs to be adjusted, a senior EU official has said.
Read MoreBRIEFING: Forestry group pushes to disallow new forest management ACCU method, citing leakage risks, lack of transparency
Another Australian forestry group has launched a scathing attack on the newly approved improved native forest management (INFM) carbon credit method, arguing it fails to account for substantial timber leakage risks.
Read MoreBRIEFING: Environmental researchers, advocacy groups back challenges to Apple carbon neutrality lawsuit
A coalition of carbon market researchers and several environmental groups separately filed to support the reversal of a US federal judge’s dismissal of a class action lawsuit, which claimed Apple consumers were misled by carbon neutral marketing.
Read MoreBRIEFING: Most California MDI allowances to be used, uptake to ramp up until 2031 -analysts
Nearly all of the allowances planned to be made available under California’s Manufacturing Decarbonization Incentive (MDI) are expected to be used as uptake peaks in 2031, even as initial uncertainty tempers early utilisation, analysts said during a Wednesday webinar.
Read MoreBRIEFING: European Commission’s proposed CBAM changes draw fire from all sides
A number of lawmakers have said Brussels’ plan to extend the phaseout of free carbon allowances for industrial sectors under the Carbon Border Adjustment Mechanism (CBAM) until 2038 goes too far, while industry has criticized the European Commission for not including targeted support for CBAM exports.
Read MoreBRIEFING: EU Parliament will defend tough conditionality on free CO2 allowances, says lead ETS lawmaker
The European Parliament’s lead lawmaker on the EU Emissions Trading System (ETS) reform, Peter Liese, has backed the European Commission’s push to attach tougher conditions to free carbon allowances, insisting that support must be tied to concrete investments at plant level and directly linked to job preservation.
Read MoreBRIEFING: New UN 1.5C initiative raises old fault lines over finance vs emission cuts
Countries are widely divided around traditional fault lines in talks on what a new UN initiative to strengthen climate efforts should look like, with developing countries prioritising finance, wealthier nations encouraging greater policy action, and business groups advocating wider deployment of climate technologies.
Read MoreBRIEFING: African financing facility must support community participation in nature markets
A proposed African financing facility should help communities engage with nature markets on fair terms to avoid reinforcing colonial-era power structures, a non-profit executive told a consultation.
Read MoreBRIEFING: California corporate disclosure rule’s Scope 3 phase-in draws competing calls on coverage, flexibility
California regulator ARB would initially require large companies covered by its corporate climate disclosure rule to report five of the 15 Scope 3 emissions categories from 2027, under a proposed phase-in that drew competing calls on Tuesday for broader coverage and greater industry flexibility.
Read MoreBRIEFING: EU states split into factions ahead of ETS reform talks
EU countries are splitting into two camps for the looming battle over how far to strengthen, or weaken, the bloc’s Emissions Trading System (EU ETS).
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