UPDATE – EU greenlights ETS2 scope extension in Netherlands, Austria
The European Commission gave its green light Tuesday evening to a proposal by the Netherlands and Austria to unilaterally extend the scope of their Emissions Trading Scheme for heating and transport fuels (ETS2) to vehicles used in agriculture, as well as railways, and – in the case of Austria – small business jets and recreational flights.
Read MoreIndonesia, Japan seek to promote mutual recognition of carbon trade
Indonesia and Japan are seeking to finalise an agreement that promotes mutual recognition of bilateral carbon trade this month, a move believed to be aligned with the Paris Agreement Article 6, according to a government official.
Read MoreNZ Market: NZU price rangebound with steady, ‘boring’ activity as stockpile expected to fall significantly longer term
The NZU market has been drifting through calm waters with prices largely rangebound in line with market expectations, as it now looks to the supply shortfalls on the horizon.
Read MoreGlobal dairy giant Fonterra cuts operational emissions by 18%, but Scope 3 remains stubbornly high
New Zealand-headquartered dairy co-op Fonterra cut operational emissions by 18.5% in FY2024, according to its annual report published Wednesday, but has made little little progress on its Scope 3 emissions.
Read MoreCOP29 host Azerbaijan’s climate action ‘critically insufficient’ -report
Climate action from Azerbaijan, the host of the UN’s COP29 summit in November, has been rated “critically insufficient” by an independent analysis group, according to a report released on Sep. 24.
Read MoreGerman nature-based trading platform, Thai consultancy launch regional coalition to fight climate change, biodiversity loss
A Berlin-headquartered environmental trading platform has partnered with a Bangkok-based consultancy to launch Southeast Asia Carbon Coalition (SEACC) for tackling climate change and biodiversity loss, the partners announced Wednesday.
Read MoreCWNYC24: BRIEFING – Forest carbon markets must prioritise biodiversity to be credible
Biodiversity monitoring and protection has taken centre stage in talks around forest carbon credits at the Climate Week NYC, with standards, project developers, and policymakers pushing for more nature accounting within the market.
Read MoreSpanish engineering, liquid logistics firms reach CCS service agreement
Two Madrid-based companies announced an agreement Tuesday to provide carbon capture, transport, and storage services to large industrial customers.
Read MoreCWNYC24: UK fund backs VCM with public aid, “not actively looking” at Article 6 -executive
The UK’s international development fund is backing voluntary carbon market (VCM) projects but does not seek to fund Paris Agreement Article 6 initiatives at this time, the group’s climate lead told Carbon Pulse on the sidelines of Climate Week NYC.
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