EU announces research project to assess impact of CBAM on its neighbours
The European Commission has announced fresh funding for a research project that explores the impact of the EU’s Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM) on neighbouring countries.
Read MoreSK Market: September auction oversubscribed, though clearing price still below $7.50
South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates.
Read MoreINTERVIEW: EU’s aluminium industry heavily reliant on electricity to decarbonise
The EU needs a lot more renewable and low-carbon electricity and it needs it “ASAP”, according to Paul Voss, director general of industry association Europe Aluminium, adding to a growing chorus of voices calling for lower energy prices to boost the bloc’s competitiveness.
Read MoreWorld Bank heralds gains in carbon pricing across emerging economies despite political, economic risks
Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.
Read MoreCME releases details of upcoming ACCU futures contract
Global trading house CME Group has provided details of its Australian Carbon Credit Units (ACCUs) futures contract, adding to the sole such offering currently available in the market, from the Australian Securities Exchange.
Read MoreChina clarifies rules to avoid double counting of environmental values from renewable projects
Chinese regulators have announced rules that can clarify the boundaries of the country’s green electricity and national carbon offset markets, a move designed to help avoid double counting of environmental attributes.
Read MoreAustralian govt earmarks A$215 mln for species protection, habitat restoration
The Australian government has ringfenced over A$215 million ($143 mln) to ramp up efforts in nature restoration and native species protection, it announced Wednesday.
Read MoreEuropean verifier seeks comments for new modular BiCRS methodology
A Paris-headquartered carbon crediting platform has opened a new modular biomass carbon removal and storage (BiCRS) methodology for public consultation, the company announced on Wednesday.
Read MoreJapanese oil major backs country’s first programme-based carbon project in pig farming
A top refiner in Japan has decided to support the country’s first carbon credit generating project featuring collaboration with domestic pig farmers.
Read MoreAustralian states announce forestry, Indigenous ACCU initiatives
Western Australia and New South Wales have announced initiatives to support projects that will earn Australian Carbon Credit Units (ACCUs), with a focus on forestry and Indigenous environmental plantings (EP) projects.
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