Morocco to fulfil carbon tax, fossil fuel levy promises in 2025
The Moroccan finance ministry has presented a bill to launch a carbon tax in 2025 and lay the groundwork for an increase in value-added tax (VAT) on fossil fuels, following up on international promises to reform its system of environmental levies.
Read More‘Climate funding cliff’: 2.7% of EU GDP needed every year to reach net zero -study
Reaching climate neutrality will require additional investments worth at least 2.7% of the EU’s Gross Domestic Product (GDP) – or €462 billion at today’s rate – every year throughout this decade, according to new research published on Monday, which warns against a looming EU “climate funding cliff”.
Read MoreProtected areas largely fail to prevent forest loss, study says
Protected areas (PAs) contribute to preventing, on average, just 30% of forest loss, with the lowest levels of protection observed in some of the world’s most biodiversity-rich countries, a paper has said.
Read MoreAustralian cattle body seeks to exempt agricultural lands from EU deforestation rules
An Australian cattle industry lobby group has released its definition of deforestation, in an attempt to seek exemptions for agricultural lands from upcoming EU rules.
Read MoreChina releases emissions accounting rules for cement, aluminium sectors
China has revamped the emissions accounting guidelines for domestic cement and aluminium sectors, as the country is set to include the two industries in its emissions trading scheme this year.
Read MoreAustralia consults on ACCU Scheme transparency changes
The federal government Monday published an exposure draft for consultation on transparency changes to the Australian Carbon Credit Unit (ACCU) Scheme.
Read MoreInternal audit reveals ongoing integrity concerns with the Clean Energy Regulator
An audit of the Clean Energy Regulator (CER) has found weak governance practices regarding internal conflicts of interest (COI) within the organisation, according to documents published Monday, issues that critics continue to say are indicative of much broader problems with Australia’s carbon market.
Read MoreChina thermal power increases in August, though slower than renewables growth
China saw its domestic thermal power generation expand last month from a year earlier with increased coal output, but hydro and solar power production continued to post stronger annual growth.
Read MoreCFTC: Financials stick with V25 CCA thesis, RGGI slides into shoulder season
Financial entities continued to bolster V25 California Carbon Allowance (CCA) holdings, reducing exposure to V24s over the week, while traders tempered RGGI net length as shoulder season weakness set in, according to data from the US Commodity Futures Trading Commission (CFTC).
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