US carbon border proposals expose trade-off between aluminium supply risk and decarbonisation -report
Proposed US carbon border mechanisms for aluminium expose a trade-off between rapid protection from high-carbon imports and a slower, more stable route to industrial decarbonisation, according to a new analysis.
Read MoreIndustry, NGOs unite in urging Brussels to exclude carbon credits from EU CBAM
NGOs and European industry associations are pushing back against the European Commission’s plan to allow international carbon credits to be deducted from importers’ Carbon Border Adjustment Mechanism (CBAM) fees, in a statement released on Wednesday.
Read MoreCameroon plans to mobilise Article 6 to help meet new 41% emission reduction target
Cameroon is positioning carbon markets as a key pillar of its climate strategy, with an updated Nationally Determined Contribution (NDC) that boosts its emissions reduction ambitions, citing the economic value of its vast forests and clean energy potential as possible Article 6 revenue streams.
Read MoreCarbon broker, energy trader launch second auction for CORSIA-labelled credits
An environmental commodities broker and an energy trader have launched a second carbon auction, offering 100,000 Article 6- and CORSIA-labelled credits.
Read MoreSB64: Middle East war prevented parties from attending Bonn talks
Several countries sent reduced delegations to the SB64 UN climate talks in Bonn due to the effects of US- and Israel-led war in the Middle East, or were completely absent, according to parties and observers.
Read MoreINTERVIEW: Chemicals, construction the biggest winners from EU ETS free allocation benchmarks decision
Chemicals and construction companies are the biggest winners from the latest changes to benchmarks used to determine the number of free EU Emissions Trading System (ETS) allowances handed to industries, according to an analyst from a carbon investment consultancy.
Read MoreUN review raises issues with Zimbabwe’s carbon market rules and registry
A UN technical review has flagged inconsistencies and lacking transparency in Zimbabwe’s carbon market infrastructure, including its national carbon registry, rules for collecting revenues, and the country’s first Article 6 project – although the government did clarify many of the issues.
Read MoreSouth Korea, Malaysia ink biogas pact, eye Article 6 carbon projects
Malaysia and South Korea have agreed to cooperate on biogas development and carbon market initiatives, including potential Article 6 projects under the Paris Agreement, they announced this week.
Read MoreSub-national governments seen crucial to advance India’s Article 6.2 partnerships
Engaging India’s sub-national governments is crucial for navigating the practical realities of Article 6.2 partnerships in the country, a conference heard Wednesday.Â
Read MoreNew Zealand promotes APAC carbon market cooperation, remains silent on looming ITMO obligation
New Zealand’s climate minister has promoted the government’s efforts to build capacity and cooperation on carbon markets in the Asia Pacific, but said nothing regarding its likely need to purchase millions of overseas credits to meet its 2030 international climate target.
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