FEATURE: Corporates excited about new SBTi climate standard’s nod to market instruments
Companies are “excited about finally having clarity” on using market instruments to show progress towards their climate targets under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, say consultancies referring to the standard’s “incredible ripple effect”.
Read MoreFEATURE: Brussels “seriously considering” free EU ETS permits for shipping firms using clean fuels
The European Commission is “seriously considering” granting free CO2 permits to shipping companies that use clean fuels as part of the upcoming reform of the EU Emissions Trading System (EU ETS) due to be presented in July.
Read MoreFEATURE: Carbon buyers are eyeing new superpollutant credits for a quicker fix
As promises to tackle emissions in the short term butt heads with the realities of rising energy demand and pricey, early-stage carbon removal technologies, companies are increasingly looking for faster, easier wins – and driving a new market for superpollutant credits.
Read MoreSB64: FEATURE – SIDS say mitigation finance, Article 6 must move from ambition to implementation at Bonn
Small island developing states (SIDS) want the Bonn climate talks to move mitigation finance and Article 6 support beyond discussions and towards practical access to concessional capital, project preparation support, and implementation pathways needed to meet finance-dependent climate targets, experts told Carbon Pulse.
Read MoreFEATURE: New SBTi corporate climate standard sets meaningful internal carbon pricing goalposts, say experts
The introduction of specific price anchors for companies choosing to set an internal carbon price under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, will help to ‘avoid race-to-the-bottom dynamics’ and provide viable financial support to many carbon projects, according to experts.
Read MoreSB64: FEATURE – Pitfalls in Article 6.2 reporting lead negotiators, observers to ask about iterative review
Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.
Read MoreSB64: FEATURE – Article 6 observers alarmed as missing BTRs delay corresponding adjustment – but it’s sabotage to rush, experts say
Dozens of governments are running late with submitting their first round of biennial climate reports to the UN, raising concerns among Article 6 stakeholders who note that the UN carbon trading process hinges on their timeliness and accuracy.
Read MoreFEATURE: Data centres are steering the course on the next wave of energy supply
As creditworthy offtakers with significant energy requirements, data centres can be a key driver of the clean energy transition, especially as tech companies seek to curb their environmental impact, say experts.
Read MoreFEATURE: EPP divisions cast shadow over bid to lead EU carbon market reform talks
Veteran EU Parliament lawmaker Peter Liese appears the obvious choice to lead negotiations on the reform of the Emissions Trading System (ETS) later this year, but divisions within his centre-right European People’s Party (EPP) over the future of the EU carbon market could yet block his appointment.
Read MoreFEATURE: Developers brace for Mexico-first carbon market after government signals
Mexican carbon project developers are increasingly preparing for a future in which domestic climate goals and the country’s emissions trading system (ETS) take precedence over international carbon credit exports, following fresh signals from the government that authorisations for overseas use may not be a near-term priority.
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