FEATURE: No sign of Canada’s 2035 climate target, despite mandate by law
Canada’s 2035 climate target was expected Dec. 1 as per federal law, but legal ramifications resulting from the delay appear limited amid a challenging political environment for increased climate ambition.
Read MoreFEATURE: Industrial emitters shun EU carbon market, leaving analysts scratching their heads
Europe’s industrial slump is widely seen as the main driver behind weak demand for CO2 allowances on the EU carbon market, but some analysts suggest emitters may also be satisfied with the status quo while betting that Europe will eventually backtrack on its climate ambitions or – at the very least – adjust its policies.
Read MoreFEATURE: New forest biomass satellite may improve accuracy of global carbon budget and markets
A satellite set to launch early next year will measure forest biomass more accurately than before, with the ability to precisely understand the carbon emissions arising from land-use change globally – feeding into a more accurate global carbon budget.
Read MoreFEATURE: Airlines more concerned by compliance carbon than CORSIA credit supply
Airlines are more worried about the proliferation and expansion of compliance carbon requirements across different regulatory bodies than over the current tight supply of CORSIA-eligible credits, senior industry figures told Carbon Pulse.
Read MoreFEATURE: Vertical farms in UK, Saudi Arabia grow trees fast, aiming to generate carbon credits
Vertical farm developers in England and Saudi Arabia say they can grow trees faster and healthier than with conventional methods. The companies aim to generate credits from reforestation, with oil companies and data centres among the potential first buyers.
Read MoreFEATURE: The risks facing EU CO2 storage and how to manage them
The EU does not have a single operational CO2 storage site, but the ambition of storing 50 million tonnes of CO2 a year from 2030, and while oil and gas operators are likely to be responsible for delivering the target, they have less than a year, until June 2025, to confirm how many tonnes they will store and where.Â
Read MoreFEATURE: Traders, asset managers start to take action on EU ETS2 commercial risks
Traders and asset managers appreciate the commercial risks attached to the EU’s new emissions trading scheme for road transport and heating fuels (ETS2) and are increasingly taking measures to mitigate its future impact, say industry sources.
Read MoreFEATURE: CBAM fourth quarterly report spooking EU importers, low compliance expected
Many companies importing goods covered by the EU’s carbon tax will fail to report their actual emissions data in time for the European Commission Thursday deadline – as they struggle to navigate difficult reporting requirements, inconsistencies, and flaws in the policy, according to consultancies and businesses.
Read MoreFEATURE: The forgotten legal clause that could unlock EU carbon credits under CORSIA and ETS
An overlooked clause in the EU ETS directive could be used as a way to integrate carbon removals in the bloc’s carbon trading system and unlock credits under the UN’s CORSIA scheme for offsetting aviation emissions, according to policy experts.
Read MoreFEATURE: Clean cooking sector on tenterhooks after alleged fraud slips past VCM quality checks
Inconsistencies in the verification of clean cookstove initiatives developed by C-Quest Capital, which saw its former executives charged with fraud earlier this month by US federal prosecutors, have sent shockwaves across the voluntary carbon market (VCM) ahead of crucial integrity decisions concerning this project type.
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