Loosening of EU carbon market could derail climate goals, generate major surplus, finds analysis
Proposed reforms to the European Union’s carbon market could significantly weaken the bloc’s emission reduction trajectory, flood the market with surplus permits, and undermine the pathway to climate neutrality, according to a new technical assessment by climate policy think tank.
Read MoreUkraine publishes draft ETS law, plans to create decarbonisation fund
Ukraine has published a draft law outlining the framework for its planned domestic emissions trading system (ETS), which would seek to cover power, industrial, aviation, and maritime sectors exceeding specified thresholds.
Read MoreRegulatory uncertainty could cause CORSIA prices to fall further, says developer
Regulatory uncertainty is still weighing on the development of clear price signals for Phase 1 of CORSIA, but supply of credits should ramp up over next 12 months, a webinar heard Wednesday.
Read MoreLEAK: EU Commission weighs extended free allocation, aviation changes in EU ETS review
The European Commission is weighing an extension of free carbon allowances and a review of aviation rules to ensure “an effective carbon price” on international flights, according to a leaked internal paper seen by Carbon Pulse.
Read MoreSB64: BRIEFING – CORSIA overselling fears hang over supply
The problem of diverse country risk profiles for gaining CORSIA Letters of Authorisation (LoAs) – crucial for developers – is exacerbated by many host countries’ fears or lack of data around overselling, threatening supply, officials and experts said on the sidelines of SB64 in Bonn.
Read MoreLATAM Roundup: Countries leap into transactional phase of Article 6 under bilateral agreements
Several Latin American countries crossed major milestones in the operationalisation of Article 6 markets last week, signalling a shift from years of institutional preparation towards the first wave of actual carbon transactions under the Paris Agreement.
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.
Read MoreEuropean Commission preparing proposal to expand EU ETS to international flights -Bloomberg
The European Union is preparing a proposal to expand its carbon pricing system to cover international flights, according to an internal Commission document seen by Bloomberg, a move aimed at strengthening climate action but likely to trigger opposition from international airlines and governments.
Read MoreGoogle targets travel emissions with large SAF certificates deal
Google will target emissions from employee business travel with a new agreement for sustainable aviation fuel (SAF) certificates (SAFc), touted as the largest publicly announced SAFc deal between an airline and a single corporate customer to date.
Read MoreUK air traffic controller invests in carbon removal credit for first time
An air traffic controller has agreed to buy ÂŁ500,000 of durable removal credits from a diverse range of projects, as part of a UK Sustainable Aviation coalition that has pledged ÂŁ2 million to stimulate the carbon removal (CDR) market.
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