New CO2 storage facility in Greece to boost Southern Europe’s CCS ambitions
A carbon storage facility in the Greek city of Prinos received the European Commission’s green light on Monday, raising the country’s profile as a CO2 storage hub as well as Southern Europe’s carbon capture and storage (CCS) ambitions.
Read MoreAnalysts cast doubt on Scottish CCS project’s claimed emission cuts
The lifetime emissions of a project to add carbon capture technology to a gas-fired power plant in Scotland could be three to five times higher than reported by the developer, according to estimates by a climate think tank.
Read MoreEuro Markets: EUAs rally after losing 3.5% amid cross-market sell-off as buyers hold steady
European carbon prices ended Monday down by 0.9% after rallying from an earlier 3.5% drop amid healthy buying, even as all energy markets fell from the start of the day when geopolitical tensions were judged to be lessening in the wake of Israeli attacks on military targets in Iran over the weekend.
Read MoreVCM Report: Buyers mopping up renewable and REDD credits on the cheap
Low ball bids dominated the voluntary carbon market last week, eyeing up the pressure on sellers amid the glut of avoidance credits.
Read MoreCOP16: Almost 4 of every 10 tree species threatened, major assessment finds
Almost 40% of tree species covered by the first Global Tree Assessment released Monday were found to be at risk of extinction, with species at risk in 192 countries worldwide.
Read MoreEmissions from the wealthiest 1% would exhaust global carbon budget in five months if matched worldwide -report
The global carbon budget would be exhausted in under five months if everyone emitted carbon at the same rate as the world’s wealthiest 1%, according to a report published on Monday.
Read MoreEU states can impose national carbon pricing mechanisms alongside ETS2 -lawyer
EU member states will be legally permitted to introduce or maintain their own national carbon pricing mechanisms alongside the bloc’s soon-to-be-launched emissions trading system for buildings and road transport (EU ETS2).
Read More*Chief Commercial Officer, CarbonPool – Zurich
*PREMIUM LISTING – CarbonPool is seeking an experienced Chief Commercial Officer to be based at its head office in Zurich (though commuting may be possible).
Read MoreScientists warn heat is making more of the planet unlivable, offer key insights
Scientists have warned that rising temperatures are making the planet increasingly uninhabitable and pushing the Amazon to the brink of large-scale collapse, offering 10 climate insights and possible ways forward, in a report published on Monday.
Read MoreCOP16: BRIEFING – IAPB framework unlikely to prevent international offsetting unless governments step in
Governments need to take urgent action to avoid perverse uses of biodiversity credits, including cross-border offsetting, as the International Advisory Panel on Biodiversity Credits (IAPB) believes its newly launched framework alone won’t be a sufficient safeguard, its co-chairs told Carbon Pulse.
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