Ocean advocates, scientists press COP31 hosts to make next climate summit a “Blue COP”
More than 150 scientists, policymakers and public figures have urged the incoming COP31 presidencies of Turkiye and Australia to make next year’s UN climate summit a “Blue COP”, calling for ocean issues to be written into the formal negotiations and backed by finance outcomes.
Read MoreINTERVIEW: Thailand’s ETS compliance phase unlikely before 2030 as key market rules remain undecided
Thailand’s parliament is expected to pass its Climate Change Act sometime in 2027, but the planned emissions trading system (ETS) is unlikely to impose compliance obligations until close to 2030, according to a legal expert who said many important design features remain undecided.
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 MoreSB64: Carbon markets surface in first round of COP30-mandated finance alignment dialogue
Carbon projects, pricing, and trading appeared in a new place on Tuesday: among the proposals to align public and private finance flows with low-emission development, as discussed in a first dialogue on the Paris Agreement goal.
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 MoreItalian industry presses Brussels for ETS overhaul, CBAM free allowances, further ETS2 delay
Italian industry is calling for a fundamental overhaul of the EU Emissions Trading System (ETS), along with a softening of the whole carbon market structure, warning that the market risks accelerating deindustrialisation unless major reforms are adopted.
Read MoreEU-commissioned study recommends broader carbon border charges on imported goods’ electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc’s Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries.
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 MoreEuropean aluminium lobby calls for EU to fix CBAM loopholes, warns of threat to industry
European Aluminium has called on EU finance ministers and ambassadors to address what it describes as critical shortcomings in the bloc’s Carbon Border Adjustment Mechanism (CBAM), warning that the current proposal could fail to prevent carbon leakage in the aluminium sector.
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.
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