COP16: International panel releases framework for biodiversity credit markets
An influential panel led by the UK and France on Monday released its long-awaited framework to steer and scale the development of high integrity biodiversity markets, advising against secondary markets transactions and ruling out the use of non-local credits for offsetting except for contribution purposes.
Read MoreUAE pilot project makes cleaner steel from renewable hydrogen
The United Arab Emirates’ state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.
Read MoreUzbekistan sets groundwork for entry into international carbon markets
A two-day seminar organised by a global financial institution and Uzbekistan’s economy ministry discussed the Central Asian country’s participation in international carbon markets, local media reported.
Read MoreINTERVIEW: “We can be first movers on CCS” says EU fertiliser industry
The European fertiliser industry has made strides on climate in the last 20 years, cutting emissions by nearly 50% since 2005. To tackle the remaining half, two options are available – but neither are cheap or easy, the sector’s EU trade association told Carbon Pulse in an interview.
Read MoreTwo Finnish firms partner to test carbon nanofibers in concrete
Two Finland-based low-carbon technology companies have signed a commercial agreement to evaluate how carbon nanofibers might improve the strength of concrete and lower its carbon emissions, the firms announced on Monday.
Read MoreCOP16: Philanthropies put over $50 mln on table for high-seas MPAs
A group of major philanthropies on Monday announced they will contribute $51.7 million towards creating marine protected areas (MPAs) in international waters under the UN High Seas Treaty.
Read MoreEUA winter price outlook hinges on weather, speculative positions in TTF –analyst
The outlook for EUA prices over the coming winter will largely depend on whether natural gas prices can hold on to their recent gains and whether speculative investors continue to hold significant long positions in TTF derivatives, according to an analyst.
Read MoreConservatives come to power in Australia’s Queensland, promising to keep coal power plants open
Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state’s renewable energy target of 80% by 2035 and to keep coal-fired plants open.
Read MoreChina should introduce uniform price auctions to national ETS, say researchers
China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.
Read MoreNDCs fall “miles short” of emission cuts to meet Paris goals, UNFCCC warns
Existing national contributions to the Paris Agreement are unsurprisingly inadequate, at most leading to a mere 2.6% decline in global greenhouse gas emissions over the 2020s, according to a UN report released on Monday.
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