EU to propose more dynamic ETS supply controls, slower emissions cap decline -reports
The European Commission is preparing a broad overhaul of the EU ETS that would introduce more dynamic controls over allowance supply, recalibrate the market’s emissions trajectory, and extend support for industrial decarbonisation, according to a media report citing people familiar with the plans.
Read MoreParis court finds TotalEnergies in breach of legal duty to tackle Scope 3 emissions
A Paris court has ordered TotalEnergies to overhaul its climate vigilance plan within six months, ruling that the French oil major breached its legal duty to address the climate risks posed by its activities and products, including so-called Scope 3 emissions generated when its oil and gas are burned.
Read MoreLCAW26: UK, Japan urged to work together on transition finance
The UK can be an ally in Japan’s long-running effort to promote transition finance, pushing investments towards emission cuts from polluting sectors, according the executive director of FinCity.Tokyo, Tokio Morita.
Read MoreTech giant opens value chain decarbonisation RFP targeting heavy industry, transport
A US-based tech giant has launched a request for proposals (RFP) seeking emissions reduction interventions across a broad range of hard-to-abate sectors in its value chain.
Read MoreLCAW26: Investor says Brazil policy inspires more confidence than US or EU
Emerging market economies are proving to be more reliable recipients of green investment than developed countries, according to a Brazil-based investor.
Read MoreEU ministers split over weakening CO2 car rules amid boom in EV sales
The EU’s 27 environment ministers remained divided over plans to relax car CO2 rules on Thursday, while Wopke Hoekstra, the EU’s climate chief, said the recent boom in electric car sales is a sign that weakening the cars CO2 target may not have been necessary after all.
Read MoreNew framework monetises the environmental value of leaving fossil reserves untouched
A digital infrastructure company has proposed a new framework to monetise the environmental value of leaving commercially recoverable carbon resources untouched, with the preservation capital then directed towards restoration and reclamation activities such as cleaning up legacy coal waste.
Read MoreEngineered wood could cut building-sector CO2 emissions by 7% -report
Greater use of engineered wood products in construction could deliver savings equivalent to around 7% of projected annual emissions from the global buildings sector, a UN-backed report has found.
Read MoreEU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Read MoreUS, Qatar urge EU to “stop the clock” on methane reporting rules
The United States, Qatar, Nigeria, and Algeria have warned that the EU’s methane regulation risks disrupting Europe’s oil and gas supplies unless Brussels swiftly freezes the law and amends it to prevent widespread non-compliance.
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