Swiss voters approve 2050 net zero climate law
Swiss citizens on Sunday approved the introduction of a climate law to reach net zero emissions by 2050, two years after rejecting a more detailed implementation bill on cost concerns.
Read MoreCORRECTION: Swiss to vote on nation’s climate law as government rejects CBAM for now
Switzerland faces a public vote on Sunday on whether to back the government’s draft climate law, with one prominent poll suggesting that citizens may reject climate legislation for a second time in two years.
Read MoreOne EU member state adjusts free 2023 EUA allocation in past fortnight
Just one EU member state made adjustments to its free allocation of 2023 ETS carbon permits over the past fortnight, according to data released late Friday.
Read MoreSwitzerland schedules first ETS carbon unit auction for 2023
Switzerland will hold its first auction for 2023 carbon permits between Sep. 11 and 13, it announced Thursday.
Read MoreWorld’s largest companies show limited progress towards Paris Agreement’s 1.5C goal, research finds
Global large- and mega-cap firms have shown minimal progress towards meeting the Paris Agreement’s climate goal of limiting global warming to 1.5C by 2050, according to new research.
Read MoreSwiss carbon buyer issues plea for Article 6 project development ideas
Switzerland’s main carbon credit buying entity has issued a plea to project developers to reach out to pitch ideas under Article 6.2, the mechanism for bilateral carbon trade between countries to help meet Paris Agreement targets, amid a paucity of available opportunities in the market.
Read MoreJPMorgan Chase unveils $200 mln in carbon removal deals
JPMorgan Chase has signalled one of the world’s biggest corporate commitments to purchasing durable carbon removals, agreeing to spend some $200 million via several long-term deals to buy a total 800,000 tonnes from startups, the US-headquartered bank announced Tuesday.
Read MoreEXCLUSIVE: Tanzania signs Africa’s ‘biggest’ forest carbon deal with Singapore holding company, lines up more deals with foreign investors
Tanzania has signed an MoU with a Singapore-registered holding company that was incorporated just six weeks ago to develop what could be by far the biggest carbon credit project yet in Africa, with sources telling Carbon Pulse that the government has other similar agreements akin to Zimbabwe’s controversial new approach that it has lined up with foreign investors.
Read MoreSwitzerland becomes first nation to publish official UN report detailing Article 6.2 activities
Switzerland has become the first country to submit an initial report to the UN detailing accounting and reporting information under Article 6.2 of the Paris Agreement for its international mitigation activities with three other countries, which are estimated to collectively reduce emissions by nearly 2 Mt by 2030.
Read MoreEU’s Market Stability Reserve to withdraw another 272 mln allowances from ETS starting Sep. 2023
Some 272.4 mln carbon allowances will be withdrawn from the EU ETS over the 12 months starting this September and inserted into the Market Stability Reserve (MSR), the European Commission announced Monday in its annual ‘TNAC’ update.
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