BRIEFING: High carbon tax in Mexico’s Queretaro prioritises flexibility
The Mexican state of Queretaro, with one of the highest carbon taxes in Latin America, has carved out an exception to its 20% offsets rule for firms facing steep competition and will consider international exchange rates when determining annual price increases, a senior official told Carbon Pulse on the sidelines of the Latin America Climate Summit in Colombia Wednesday.
Read MoreGold Standard releases second edition of its climate framework for corporates
Gold Standard has released the second iteration of its climate framework designed to help organisations contribute to global climate efforts, with key updates including a focus on climate adaptation and further support on how companies should tackle their unabated emissions.
Read MoreEuro Markets: EUAs fall to new two-month low amid afternoon pressure, while UKAs hold steady
European carbon allowances declined after hitting another two-month low as the market traded in a comparatively narrow range on Thursday – as indeed most of the energy complex did – with activity appearing to slow amid the end of the quarter and the start of the holiday season, while UK Allowances gave up early gains but still posted a marginal increase.
Read MoreUPDATE – SCOTUS approves temporary block of EPA’s interstate air pollution plan
The Supreme Court of the United States (SCOTUS) on Thursday approved a temporary halt of an Environmental Protection Agency (EPA) scheme to reduce interstate air pollution, which legal experts say could set national precedent that eases the threshold for similar stay requests of federal environmental policies.
Read MoreSome CBAM revenue should go to impacted and developing countries, panel agrees
Representatives from the government, business and academic sectors agreed that at least part of the EU’s Carbon Border Adjustment Mechanism (CBAM) revenues should be recycled to non-EU countries impacted by the mechanism, during a online webinar hosted by a think tank on Wednesday.
Read MoreISO kicks off work on new net-zero standard, keeps door open to offsets
The International Organization for Standardization (ISO) is developing its first standard for reaching net-zero emissions, which could allow companies to use offsets to meet decarbonisation targets, it announced on Thursday.
Read MoreFormer CQC boss Newcombe denies wrongdoing allegations, calls them part of plot by investor to seize control of firm
The former CEO of project developer C-Quest Capital (CQC) Ken Newcombe has denied the allegations of wrongdoing made against him, calling them part of a plot by a major investor to seize control of the company.
Read MoreEU imports still drive substantial global deforestation, report unveils
EU member states continue to drive deforestation from their direct imports, with the bulk of clear cutting associated with cocoa and oil palm products.
Read MoreUK’s Labour party to rely largely on private finance to hit green targets -media
The UK will need “hundreds of billions” of pounds of largely private sector investment to reach its net zero target by 2050, a senior politician from the Labour party has said, downplaying the role of government funding in the energy transition, a week before the political party is likely to be elected into government.
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