European Commission publishes another year’s worth of EU ETS trading records
The European Commission this week published another year’s worth of trading records from the EU ETS emissions registry, offering a comprehensive glimpse of how carbon units equivalent to over 9.3 billion tonnes of CO2 were shifted across more than 30,000 transactions between May 2017 and Apr. 2018.
Read MoreGermany, Russia sign MoU to ship hydrogen via controversial gas pipeline
Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.
Read MorePolicy and trust-building, not technological breakthroughs, viewed as key to scaling CCS
Carbon capture and storage (CCS) of various types is technologically ready to be deployed at scale but needs streamlined permitting, increased tax incentives, and broad public outreach to do so, a conference heard on Wednesday.
Read MoreOffset-spurning Nestle letting some of its brands buy carbon credits to expedite neutrality
The world’s largest food conglomerate Nestle has joined the growing number of companies mostly shunning offsets in their quest for net zero emissions, though the Swiss-headquartered firm said it will make exceptions for its brands that want “move faster” towards carbon neutrality.
Read MoreIncreased financial sector participation to dramatically change voluntary carbon market -panel
The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.
Read MoreLEAF to impose high-ambition climate, deforestation commitments on both buyers and sellers -panel
The Lowering Emissions by Accelerating Forest (LEAF) finance coalition will impose high ambition requirements on public and private sector buyers and sellers of offsets, its founding nations the US, the UK, and Norway said on a webinar on Friday.
Read MoreUS likely needs new legislation to hit its revised Paris climate goal -panel
The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.
Read MoreLeaders Summit on Climate: Officials highlight need for public, private action ahead of COP26
Government officials on Friday pushed for the public and private sectors to increase climate ambition ahead of the UN COP26 summit this fall, as the US and other countries announced a pair of initiatives to drive future reductions.
Read MoreUS-backed coalition aims to raise $1 bln for jurisdictional REDD payments
The US, UK, and Norway launched a coalition on Thursday to raise $1 billion in private capital for jurisdictions that reduce deforestation emissions under the Architecture for REDD+ Transactions (ART) programme.
Read MoreLeaders Summit on Climate: US hikes Paris climate goal as other nations strengthen emissions targets
US President Joe Biden raised the country’s emissions reduction target on Thursday at the White House-convened Leaders Summit on Climate, as other nations including Japan and Canada increased their own Paris Agreement pledges to the 2015 UN pact.
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