Euro 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.
Read MoreConservation NGO announces $1 bln plan to boost nature protection in Africa
A South Africa-based conservation NGO has announced a $1-billion plan to scale nature preservation efforts across Africa, including through strengthening the network of protected areas (PAs).
Read MoreUPDATE – UK ETS authority proposes extending current free allocation period one year to 2027
The UK ETS Authority has proposed moving the start of the second allocation period from 2026 to 2027, extending the current period to include 2026, it said Thursday.
Read MoreETS2 under pressure as ‘populist’ blame game begins, senior EU lawmaker warns
The EU’s Emissions Trading Scheme for road transport and heating fuels (ETS2) is turning into a “political minefield” as EU countries accuse Brussels of imposing higher fuel costs on households, said a senior EU lawmaker who warned against “a populist situation” taking root.
Read MoreINTERVIEW: National strategies should be next step for bioeconomy
The next phase for an international bioeconomy that sustainably uses natural resources needs to be countries delivering more national strategies on the topic, a NatureFinance executive has said.
Read MoreNorway extends tropical forest programme to 2035
Norway has extended its multimillion-dollar rainforest protection initiative to 2035, according to a government statement.
Read MoreSouth Korea needs more proactive policies to drive down shipping emissions, NGO says
South Korea should implement more proactive measures, such as accelerating the shift towards greener fuels, to reach its emissions reduction targets for the shipping sector, an environmental group has urged.
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