EU ETS non-compliance rate holds steady at 3.2%, data shows
More than 3% of eligible installations and airlines covered by the EU and/or Swiss carbon markets remain in non-compliance, according to data published by the European Commission last week.
Read MoreVerified EU ETS emissions rose slightly in 2022, European Commission confirms
Verified emissions covered under the EU ETS rose marginally last year, the European Commission said late Monday, confirming findings based on preliminary data released earlier this month.
Read MoreDAC company gears up for US expansion, sells another 7,000 removal credits
A Swiss-based technology company has outlined plans to engage in several large scale direct air carbon (DAC) projects in the US as the market scales up following the tax credits incentives provided in the Biden administration’s Inflation Reduction Act (IRA) last year.
Read MoreSwitzerland’s emissions rise after pandemic despite hefty carbon taxes
Switzerland recorded a rise in greenhouse gas (GHG) emissions in 2021 of 1.3 million tonnes compared to 2020, the country’s government announced in a release on Tuesday, meaning the country failed to hit its target of reducing emissions by 1.5% a year compared to 1990 levels.
Read MoreLatest Swiss carbon permit auction clears at new record
Switzerland’s latest carbon allowance auction has cleared at a new record high.
Read MoreINTERVIEW: Changing labels – organisations start to shun ‘climate neutral’ claims in favour of contributions
A major European intermediary is warning companies against making ‘climate neutrality’ claims in favour of climate contributions, the clearest sign yet of a shift in voluntary carbon market practices in a bid avoid carbon credit purchases getting mired in concerns about double-claiming.
Read MoreGunvor secures borrowing to boost EU carbon trading, expand into new markets
Commodities firm Gunvor Group will boost its trading in EU Allowances and look to extend activities to other carbon markets globally after secured new borrowing.
Read MoreUAE project developers gear up for expansion pitch ahead of COP28
Months-old companies based in the United Arab Emirates (UAE) are aiming to bolster their own type of carbon crediting projects on the African continent, hoping to gain momentum for their initiatives as all eyes turn to their country’s role as the hosts of this year’s COP28 UN climate talks.
Read MoreSwitzerland schedules second auction for 2022 ETS allowances
Switzerland has scheduled a second auction for 2022-vintage carbon allowances under its emissions trading scheme (ETS).
Read MoreUNDP, Switzerland defend rice farming methodology amid Verra decision to halt use
The UN’s Development Programme and Switzerland have defended the rice farming methodology behind the first authorised emissions transfer under the Paris Agreement, with a senior official emphasising key differences to the Verra protocol that was halted last week over integrity concerns.
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