INTERVIEW: India carbon market needs legal clarity on credit use before launch, lawyers say
India’s budding carbon market needs additional legal clarity before trading begins later this year, according to a legal expert who said current regulations have created ambiguity on whether compliance entities can use credits generated in the voluntary market.
Read MoreCarbon investor makes large-scale ‘staggered spot’ nature-based removals purchase
A UK-based voluntary carbon offset provider will buy nature-based removals from an afforestation, reforestation, and revegetation (ARR) project under a “staggered spot” agreement covering both issued and in-verification credits, it announced on Thursday.
Read MoreUK set to keep Sizewell B nuclear plant alive for 20 more years -media
The UK government is set to sign off on a deal to extend the life of country’s biggest operational nuclear power plant, Sizewell B, by two decades, according to media reports on Thursday.
Read MoreItalian power taxes four to 20 times higher than fossil fuels -report
Electricity is the most penalised energy carrier in Italy, where it faces taxes and carbon-related costs that are up to four times higher than those applied to gas in the household sector and more than 20 times higher in parts of industry, according to a study published Thursday by the climate think tank ECCO.
Read MoreFEATURE: Data centres are steering the course on the next wave of energy supply
As creditworthy offtakers with significant energy requirements, data centres can be a key driver of the clean energy transition, especially as tech companies seek to curb their environmental impact, say experts.
Read MoreSBTi’s new Corporate Net-Zero Standard recognises companies that address ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
Read MoreChina’s new offset methodology opens door for agricultural emission reductions, yet challenges remain -report
While China’s new offset methodology provides a path for livestock methane reduction projects, its dairy industry has yet to establish mature cases and continues to face significant implementation challenges, according to a recent report.
Read MoreNordic steel buyers could do more to spur green steel growth, analysis finds
Greater demand for near-zero-emissions steel could as much as triple demand for supply, using existing best practices for buying, according to a report released on Thursday.
Read MoreCharterers and shipowners make steady progress on climate goals, reducing emissions intensity -report
The majority of signatories to a maritime decarbonisation initiative reduced their emissions intensity last year, while overall alignment with the International Maritime Organization’s climate goals has stabilised year-on-year, according to a new report.
Read MoreINTERVIEW: Airlines prioritising fuel costs over carbon buying as CORSIA prices slide, says ICAO TAB member
Airlines are focusing more on soaring jet fuel costs and operational pressures than carbon credit purchases as prices for CORSIA-eligible offsets continue to weaken ahead of the scheme’s upcoming mandatory phase in 2027, according to a member of ICAO’s Technical Advisory Body (TAB).
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