UK businesses show varied progress towards net zero -survey

Published 13:21 on September 11, 2024  /  Last updated at 13:21 on September 11, 2024  / /  EMEA, UK ETS, Voluntary

A UK survey on corporate net zero progress found that 73% of respondents consider achieving net zero a medium- or high-priority over the next year, only 65% have committed to the 2050 target, and just 48% have set net zero goals to be met within the next decade.

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Australia releases battery consultation paper prior to funding round open

Published 13:18 on September 11, 2024  /  Last updated at 13:18 on September 11, 2024  / /  Asia Pacific, Australia

Australia has released a consultation paper for entrants to the wide scale battery industry and value chain the nation hopes to build in a bid to further its ambitions as a renewable energy and battery superpower while reducing emissions.

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Natural capital investments could pass $1 trln within two decades, financier says

Published 13:07 on September 11, 2024  /  Last updated at 13:07 on September 11, 2024  / /  Australia, Biodiversity, International

Total investments in the natural capital asset class could rise to $1 trillion or more over the next two decades, on the back of revenues from outputs including biodiversity markets, investor New Forests has said.

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Drax urges BECCS support as critical to meeting UK clean power goal by 2030

Published 12:42 on September 11, 2024  /  Last updated at 12:42 on September 11, 2024  / /  Americas, EMEA, UK ETS, US, Voluntary

Drax is looking to the UK government to begin discussions soon on a contract to support the company’s incoming bioenergy with carbon capture and storage (BECCS) project, to ensure that the plant can contribute to the country’s goal for clean power by 2030, a Drax official said on Wednesday.

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Brazilian carbon developer to market Indigenous-focused biodiversity credits at COP16

Published 12:31 on September 11, 2024  /  Last updated at 12:31 on September 11, 2024  / /  Americas, Biodiversity, South & Central

A Brazilian carbon developer and two organisations working with Indigenous communities are piloting a biodiversity credit project in the Amazon state, with two European companies interested in purchasing units after COP16, Carbon Pulse has learned.

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EU announces research project to assess impact of CBAM on its neighbours

Published 12:19 on September 11, 2024  /  Last updated at 12:19 on September 11, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

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.

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SK Market: September auction oversubscribed, though clearing price still below $7.50

Published 11:51 on September 11, 2024  /  Last updated at 12:04 on September 11, 2024  / /  Asia Pacific, South Korea

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. 

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INTERVIEW: EU’s aluminium industry heavily reliant on electricity to decarbonise

Published 11:29 on September 11, 2024  /  Last updated at 11:29 on September 11, 2024  / /  EMEA, EU ETS

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.

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World Bank heralds gains in carbon pricing across emerging economies despite political, economic risks

Published 10:40 on September 11, 2024  /  Last updated at 10:10 on September 11, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Voluntary

Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.

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CME releases details of upcoming ACCU futures contract

Published 09:57 on September 11, 2024  /  Last updated at 10:55 on September 11, 2024  / /  Asia Pacific, Australia

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.

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