Old divisions resurface as EU debates green industrial future
Germany rebuffed calls on Thursday to issue new joint EU debt as a way to finance the green and digital transitions, rejecting one of the key tenets of a report by former central banker Mario Draghi to restore the bloc’s competitiveness.
Read MoreBuyers pay premium for voluntary carbon credits linked to SDG claims -report
Buyers are willing to pay more for voluntary carbon credits from projects that contribute towards the United Nations Sustainable Development Goals (SDGs), according to new research.
Read MoreINTERVIEW: Carbon taxes ‘work well in the power sector’, but not elsewhere
Outside of the power sector, carbon taxes are largely ineffective at driving decarbonisation when implemented on their own, according to an academic interviewed by Carbon Pulse.
Read MoreChilean govt spearheads high sea protection initiative
The government of Chile has kickstarted an initiative aimed at ramping up ocean protection efforts, as discussions over the need to hasten the implementation of the Biodiversity Beyond National Jurisdictions (BBNJ) treaty have taken centre stage at the UN headquarters this week.
Read MoreColombia tops the list of most attractive country to invest in carbon, finds index
Colombia, Kenya, Cambodia, Mexico, and Peru are the top five most attractive countries for investors in carbon credits, according to an updated index.
Read MoreGuyana launches global alliance with biodiversity credits focus
Guyana has launched a global alliance that will host a summit next year focused on starting a biodiversity credits market, among other forms of innovative financing.
Read MoreEuro Markets: EUAs breach technical resistance to lock in 2% gain, UKAs plummet 5% on free allocation proposal
European carbon prices climbed a further 2% on Thursday, breaking above a key technical resistance level in the afternoon, though plummeted after the settlement, tracking a drop in the TTF, while UKAs shed as much as 5% after the British government proposed a one-year extension to the current free allocation period.
Read MoreVoluntary carbon ratings agency offers network service to help buyers find the right credits
A rating agency has launched a network service to help buyers find and purchase voluntary carbon credits across various project stages, including pre-issuance, it announced Thursday.
Read MoreChina’s Chongqing introduces incentive mechanism for local ETS
China’s Chongqing has introduced an incentive mechanism to encourage companies regulated by the local emissions trading system to take more climate actions, as it released the 2023 allocation plan for the scheme.
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