EU member states could use Article 6 for ‘above-and-beyond’ mitigation, says senior EU official
EU member states can still use Article 6 for above-and-beyond mitigation, the head of the EU’s international carbon markets diplomacy taskforce told Carbon Pulse at the sidelines of a conference on Thursday, despite the bloc’s current plans to avoid using international carbon credits towards UN climate goals.
Read MoreBRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory
A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.
Read MoreCarbon pricing, technology ASEAN’s best answer to CBAM -report
The Association of Southeast Asian Nations (ASEAN) member countries must actively implement carbon pricing mechanisms and increase investment to decarbonise hard-to-abate sectors in order to effectively respond to EU’s Carbon Border Adjustment Mechanism (CBAM), a report has found.
Read MoreANALYSIS: Article 6 breakthrough raises integrity concerns for some, but ‘proof in pudding’, experts say
The historic consensus on Article 6, achieved in November at COP29, may have been broadly welcomed, but some remain cautious that gaps in final decision texts could lead to a lack of integrity in the newly developed, UN-approved international carbon markets, if implementation over the coming years is not sufficiently robust.
Read MoreBNP Paribas launches €750-mln low-carbon transition equity fund
French bank BNP Paribas has launched a low-carbon transition equity fund, targeting €750 million from institutional investors such as insurers, pensions funds, and corporates.
Read MoreCORSIA market liquidity hinges on Article 6 alignment by eligible carbon standards -report
New CORSIA-eligible carbon standards under the UN’s aviation offsetting scheme will likely enhance liquidity in this credit-strapped market – but only if emission units comply with Article 6 requirements, and if participating countries institute “correct and balanced” incentives and penalties, as per a report published Wednesday by an international project developer.
Read MoreMining industry faces tough road to decarbonisation amid surging demand for critical minerals -report
The global mining industry faces a steep challenge in its efforts to decarbonise, with emissions reductions falling far short of targets needed to align with international climate goals, according to a new report.
Read MoreClear demand signal needed to scale CORSIA carbon credit supply, says Guyana
Airlines need to show a clearer demand signal if countries are to supply sufficient levels of CORSIA-eligible credits to meet the demands of Phase 1 (2024-26), a representative from Guyana told a carbon industry conference.
Read MoreSwiss foundation ups 2030 international carbon credit buying target to 20 mln
The Klik Foundation plans to buy around 20 million international carbon credits under Article 6 by the end of 2030, up from an earlier forecast for 15 mln, according to presentation slides circulated Wednesday.
Read MoreShipping sees data, contracting, admin challenges in first year under EU ETS
One year into the inclusion of shipping in the EU ETS, the system is now “well understood” by the maritime sector – but issues persist regarding data transparency, division of contractual responsibilities, and access to EU accounts, according to a maritime data analytics firm in its 2024 review.
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