European 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.
Read MoreFrance opens final consultation on 2050 carbon neutrality roadmap, targets summer adoption
France has opened the final public consultation on the third version of its national low-carbon strategy (SNBC 3), giving stakeholders one month to comment before the climate roadmap is adopted by decree this summer.
Read MoreDanish cement producer secures up to €2.2 bln in state support for CCS project
A Danish cement producer has secured up to DKK 16.5 billion (€2.2 bln) in state support for a large-scale carbon capture and storage (CCS) project expected to remove up to 1.25 million tonnes of CO2 a year from 2030, it announced Tuesday.
Read MoreEXCLUSIVE: Coalition launches new common language, framework for managing permanence in carbon markets
Researchers, environmental organisations, and carbon market experts are urging the industry to look beyond traditional buffer pools and adopt a wider range of tools to ensure the long-term durability of nature-based carbon credits – using a new “unified framework”.
Read MoreStrong ETS “indispensable” for Europe, says banking federation
A strong and predictable EU Emissions Trading System (ETS) is essential to achieve Europe’s climate targets and support investment, the European Banking Federation (EBF) said in a public statement Tuesday.
Read MoreClimate groups pitch carbon CfD model to strengthen Australia’s industrial emissions cuts
Three climate groups have proposed a financial mechanism to support industrial emissions cuts under Australia’s Safeguard Mechanism, citing it could provide the price certainty needed to unlock capital for large‑scale abatement projects.
Read MorePairing US carbon tax with tariffs would double emissions reductions, increase GDP -report
Academic economics researchers published a working paper illustrating the impacts of carbon tariffs and domestic taxes, creating a model that disproves the trade-off between global emissions reductions and US GDP.
Read MoreCarbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
Read MoreUK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country’s Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.
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