BRIEFING: Energy shock will lead to short-term pain, but long-term gain for Asia Pacific’s energy transition
Asia Pacific countries have responded to the global energy shock by delaying key carbon pricing and tax policies, however this will likely be replaced with renewed efforts to transition away from fossil fuels in the future, experts have said.
Read MoreBRIEFING: Canadian oil producers, clean energy advocates clash amid missing Canada-Alberta carbon pricing deal
Tensions between Canadian oil sands majors and leading clean energy groups are boiling over as each side battles to be heard before the ink dries on the Canada-Alberta energy deal.
Read MoreBRIEFING: EU mulls new body to centralise purchase of Article 6 credits
The European Commission is considering creating a new body or agency to centralise the purchase of international carbon credits issued under the Paris Agreement and ensure they meet the EU’s extensive quality criteria.
Read MoreBRIEFING: Central banks urged to consider tighter rules to address nature-related financial risks
Central banks should step up their role in addressing nature-related financial risks, as biodiversity loss may eventually justify the use of hard tools such as higher capital requirements, according to experts.
Read MoreBRIEFING: Low-carbon tech needs standardised measurements to drive investor, buyer confidence
Big companies like Microsoft are turning their attention from renewable energy and carbon removal credits towards the up-and-coming technologies needed to decarbonise their own operations – yet they still need standardised measures to show exactly how they are shrinking their carbon intensity, according to a data provider working on the solution.
Read MoreBRIEFING: Senators, stakeholders express ETS rulemaking concerns in California legislative committee hearing
Senators sparred with the head of California regulator ARB on proposed changes to the state’s Cap-and-Invest Program in a legislative hearing on Wednesday, with lawmakers and stakeholders alike questioning the draft updates’ impacts on costs, revenues, affordability, and ambition under the programme.
Read MoreVCM MONTHLY DATA: Record CORSIA retirements, CCP price premium lift mood amid thin overall supply and demand
A mixed picture emerged for voluntary carbon market (VCM) participants in April, with lower overall supply and demand figures but positive data for units with either a CORSIA or Core Carbon Principles (CCP) label, while benchmark indices showed healthy price increases across the most popular projects.
Read MoreANALYSIS: Tough EU CORSIA carbon credit criteria could dramatically shift market
The European Commission’s provisional approach to CORSIA credit eligibility for its operators has provoked a strong reaction across the carbon market, with participants warning that the tight criteria under consideration would dramatically tighten supply for European airlines and create a bifurcated market.
Read MoreFEATURE: Industrials eager to electrify heat as price impact of Iran war starts to bite
The surge in gas prices driven by the Iran war has improved the business case for industrial companies seeking to decarbonise their heat processes through electrification, with demand particularly acute in smaller-margin sectors like retail, say experts.
Read MoreINTERVIEW: Former top EU climate official pitches MSR as liquidity “buffer” for bloc’s carbon market
The EU Emissions Trading System’s Market Stability Reserve (MSR) should be turned into an active “buffer” – fuelled by international carbon credits and domestic removal units – that can be mobilised to boost liquidity and temper price spikes in the bloc’s carbon market, according to former top climate official Jos Delbeke.
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