COMMENT: If a Month of Football Is Worth a Tax Break, the Climate Is Worth More
If governments are willing to suspend tax rules to host a football tournament, they should consider doing the same for verified carbon and recycling credits to unlock the private capital needed for climate action.
Read MoreShort seller attack puts Singapore exchange under scrutiny
A public battle between a Singapore-based exchange that also trades in carbon credits and an activist short seller has escalated into a dispute over market integrity and governance, drawing scrutiny to Asia’s leading commodity and carbon trading hubs.
Read MoreEU ETS expansion would add less than 1% to some long-haul fares while raising billions for climate action -report
Extending the EU’s carbon market to cover all flights departing the European Economic Area (EEA) would have only a marginal impact on airfares and passenger demand, while generating billions of euros annually for climate action, according to a new study commissioned by Carbon Market Watch (CMW).
Read MorePeru’s national carbon registry adds two new standards
Peru’s Ministry of Environment (MINAM) has accredited two new standards and added 17 new methodologies to the national carbon registry RENAMI, as per a resolution issued Thursday.
Read MoreEU leaders back ETS review plan, discuss carbon market’s role in next budget
EU leaders on Friday endorsed the European Commission’s plan to review the EU Emissions Trading System (ETS) next month, with proposals on free allowances and industrial emissions benchmarks due in July, as talks continue on how to use ETS revenues in the next EU budget.
Read MoreBRIEFING: Draft EU CBAM rules “onerous” in practice for foreign carbon credits, experts say
Importers face steep challenges to take advantage of proposed EU rules allowing the application of carbon credits against Carbon Border Adjustment Mechanism (CBAM) fees, due to the “onerous” conditions imposed by Brussels on their use, experts told Carbon Pulse.
Read MoreMalaysia seeks ICVCM, CORSIA alignment for national forest carbon registry
Malaysia is seeking to upgrade its national forest carbon registry to meet standards set by the Integrity Council for the Voluntary Carbon Market and the aviation sector’s Carbon Offsetting and Reduction Scheme for International Aviation.
Read MoreEU urged to expand ETS to international flights as kerosene shock reignites aviation climate debate
The EU should resist calls to weaken aviation climate policies in response to the recent kerosene price shock and instead extend its ETS to cover all flights departing the bloc from 2027, according to a policy paper published this week.
Read MoreEU warned against rushed return to international carbon credits
The European Union risks repeating the mistakes of the Kyoto Protocol as it moves to reintegrate international carbon credits into its climate policy, a Brussels-based think tank has warned, amid growing calls to include next-generation credits in the EU carbon market.
Read MoreSB64: Geopolitical tensions fuel stalemate in Bonn, raising expectations for COP31
Climate negotiators ended two weeks of talks in Bonn with mixed results, as geopolitical conflicts over climate finance and fossil fuels limited technical and diplomatic movement in most areas, largely leaving the international climate community eyeing November’s COP31 summit for greater progress.
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