Canadian national carbon credit framework pledged under new multi-billion dollar prosperity agreement
British Columbia and Canada signed a multi-billion dollar prosperity agreement, including a commitment to develop a multilateral National Carbon Credit Framework.
Read MoreFossil fuels inclusion would undermine incoming Canadian sustainable finance taxonomy -report
Including oil and gas activities in Canada’s planned sustainable finance taxonomy would undermine its credibility, invite greenwashing and reduce its ability to attract investment for net zero-aligned projects, a new report argued.
Read MoreUK engineered carbon removal credits could top 850 mln by 2050 -report
Total UK-based engineered carbon removal credit supply could reach up to 852 million by 2050 under a high-growth scenario, according to modelling commissioned by the British government.
Read MoreEU updates green reporting rules, slashes mandatory datapoints by 60%
The European Commission on Friday proposed revised sustainability reporting standards for companies operating in the EU, saying the changes will cut reporting costs for businesses by around 30%.
Read MoreEU countries to vote on CBAM carbon price deduction rules in September
EU member states will vote in September on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, a European Commission official said.
Read MoreWind energy industry urges EU ETS overhaul to prioritise industrial electrification
The European Commission should use its upcoming revision of the EU Emissions Trading System (ETS) to redirect billions of euros in carbon market revenues towards industrial electrification, trade association WindEurope has said.
Read MoreIndia proposes carbon intensity targets for iron, steel under ETS
India’s environment ministry has proposed carbon intensity targets for iron and steel producers under its Carbon Credit Trading Scheme, the largest sector yet brought under the compliance mechanism.
Read MoreMENA Roundup: Gulf countries build up voluntary carbon markets at home
Middle Eastern and North African (MENA) countries last month offered carrots, sticks, and capacity support to accelerate domestic and regional carbon market development.
Read MoreFEATURE: Corporate non-market environmental donations are picking up, driven by employees and business value -experts
Voluntary giving by companies to environmental outcomes outside of formalised markets is starting to pick up this year after a few years of lacklustre growth, with more willingness to go public on action, and for reasons of talent acquisition and business value, according to experts in the field.
Read MoreEU pressed to frontload ETS cash to jump‑start carbon removals
The EU should use €10-30 billion of frontloaded revenues from its Emissions Trading System (ETS) to support durable carbon removal (CDR) before 2035, as waiting until compliance demand emerges risks leaving Europe short of its 2040 and 2050 removals targets, according to a recent paper.
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