Brazilian state strikes $100 mln forest restoration deal with commodities trader
An ecologically rich Brazilian state on Tuesday in London confirmed a $100 million investment deal with a multinational commodities trader to combat forest degradation.
Read MoreWashington ECY considers extending EITE free allocation beyond 2035
New documentation from the Washington Department of Ecology (ECY) suggested the oversight body would consider continuing to issue free allowances for emissions intensive, trade-exposed (EITE) facilities beyond 2035, inching closer to the 2050 goalpost called for by participating industries.
Read MoreUS House legislation seeks to repeal clean energy tax credits and vehicle emissions standards
Two Republican bills introduced in the US House this week seek to repeal major federal support mechanisms for clean energy development and motor vehicle emissions standards.
Read MoreUS management firm faces backlash for abandoning climate alliance
A large US environmental organisation has pulled more than $10 million in assets from a major financial institution following its exit from public climate commitments.
Read MoreSB62: FEATURE – EU’s lean towards Article 6 raises hopes and worries for poorer countries
Developing countries are divided on the prospects of the EU counting international carbon credits towards its 2040 climate goals, and the potential consequences for their own ambitions.
Read MoreDATA DIVE: Carbon pricing stabilised in 2024 as emissions hit another record
Global carbon pricing systems delivered a mixed performance in 2024, with some compliance schemes rebounding while others slumped, even as energy-related emissions rose for the fourth straight year, a report showed Thursday.
Read MoreLCAW25: Private climate finance is slow but not because of aid cuts, expert said
Public aid cuts are unlikely to create a serious contagion effect on private climate funding, an expert told an event in London on Thursday, but warned private finance is nevertheless curtailed by other concerns.
Read MoreEuro Markets: EUAs slide as gas market drops sharply amid options expiry and lack of storage demand
EU carbon prices came under pressure on Thursday amid volatility in gas as the front-month TTF options contract neared expiry, with EUAs falling to their lowest level for over three weeks, as the correlation with gas seemed to re-establish itself, while UK Allowances fell to their lowest in nearly two months.
Read MoreCyprus calls for EU ETS2 to be delayed or cancelled
The president of Cyprus has called for delaying or cancelling the bloc’s emission trading system for heating and road transport fuels (ETS2), due to start in 2027, raising the stakes at a Brussels summit on Thursday bringing together the 27 EU heads of state and governments.
Read MoreOnly high-integrity, permanent carbon removals should enter EU ETS -think tank
The European Union should move swiftly to integrate permanent carbon removals (CDRs) into its flagship Emissions Trading System (EU ETS), a think tank has recommended – but only in a phased, tightly governed approach to ensure environmental integrity and market stability.
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