MENA 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.
Read MoreGerman grid operator urges pause to coal plant closures amid energy security concerns
Germany should halt further closures of coal-fired power plants until replacement capacity is in place, the country’s largest transmission system operator has said, warning that electricity security could be at risk early in the next decade as the country accelerates its energy transition.
Read MoreAustralian electricity generators push back against being included in Safeguard Mechanism
An industry body representing Australia’s electricity producers has argued against folding the sector into the Safeguard Mechanism, arguing it will be inefficient, legally complex, and lead to higher operating costs.
Read MoreChile approves 2026-30 energy roadmap with pilot ETS, $100 mln Article 6 funding target
Chile’s Ministry of Energy has formally approved its Energy Roadmap 2026-30, placing the sectoral emissions trading system (ETS) pilot and international carbon markets as key instruments in the country’s energy transition.
Read MoreWorld Bank updates green bond framework, project eligibility list
The International Finance Corporation (IFC), the private-sector branch of the World Bank Group, has updated its Green Bond Framework to expand the range of projects eligible for financing.
Read MoreUS data centre boom could add a county’s worth of GHG emissions annually -report
US natural gas power plants planned to power AI expansion could add annual GHG emissions equivalent to an entire mid-sized country, according to a new report.
Read MoreGuyana pledges 32.7 MtCO2e annual emissions cut in UN targets, all from forest carbon
Guyana has released its third Nationally Determined Contribution (NDC) to the Paris Agreement, in which it pledges to reduce forest carbon emissions by 32.7 million tonnes CO2e per year by 2030, depending on carbon finance.
Read MoreLawmakers agree to assign country-level default values to producers trying to trick EU CBAM
Lawmakers in the European Parliament’s environment committee want to be able to assign country-level emissions values to goods and origins they suspect of trying to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a compromise document seen by Carbon Pulse.
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