US Democrats introduce legislation for carbon scoring, penalties for fossil fuel firms
Democrats in the US Congress introduced separate bills on Thursday that would require analysis of the effects on emissions from legislative proposals and charge fossil fuel companies for their historic CO2 output.
Read MoreANALYSIS: Voluntary, regulated carbon markets need each other, but solving the supply bottleneck will take years
Voluntary and regulated carbon markets need one another, international stakeholders told a World Bank-convened event this week, but creating the right investment conditions to scale supply and blur the lines between the two forms of pricing mechanisms will take years.
Read MoreEuropean utilities push back on “disruptive” electricity market reforms
Measures to lower electricity prices for European industry to drive their global competitiveness, could severely dampen the business case for investments in clean power, warned European electricity trade association Eurelectric this week.
Read MoreEuro Markets: EUAs hit new 7-week low, fall 2% on week but remain rangebound as gas awaits direction
EU carbon allowances fell for a fourth straight week, shedding a little over 2% from last Friday as prices spent the morning in positive territory, before falling to a seven-week low in the afternoon as they struggled to match a more resilient natural gas market.
Read MoreEU identifies ‘ambition gap’ in national climate action plans
The European Commission has identified an “ambition gap” in the National Energy and Climate Action Plans (NECPs) adopted by EU countries, saying better planning and a tighter governance framework is needed to ensure the bloc delivers on its climate goals.
Read MorePREVIEW: EU Parliament to debate new Commission, climate-agri nexus, amid Orban stress next week
The 720 members of the European Parliament are gearing up for holding confirmation hearings with the new commissioners-designate, and for holding a series of debates on climate and the bloc’s agricultural sector, as they gather in Strasbourg next week for the first time after the summer break.
Read MoreJapan launches trial of nature coexistence support certificates
Japan’s environment ministry on Friday announced it is now accepting applications from companies seeking so-called nature coexistence support certificates, after the originally intended pilot late last year got delayed.
Read MorePlans scrapped for UK’s first ‘net zero’ coal mine that would have relied on carbon credits
Planning approval for the UK’s first deep coal mine in 30 years has been quashed by a court because of unlawful claims the mine would be ‘net zero’ and have no impact on the emissions cuts required under the country’s Climate Change Act.
Read MoreSwiss group awards letter of support to biogas carbon project in Ghana under Article 6
The Swiss industry agency entrusted by its government with arranging Article 6.2 bilateral agreements has provided written and financial support to a biogas project in Ghana, a global forerunner in Paris Agreement carbon trading deals.
Read MoreIndonesia targets $65 bln in earnings from carbon trade by 2028
Indonesian president-elect Prabowo Subianto, who comes to power next month after a February win at the polls, plans to generate and sell rain forest carbon credits worth a total of $65 billion by 2028, Reuters reported Friday, citing a government advisor.
Read More
