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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 34 min ago

Lawsuit win against KLM’s carbon offsetting claims sets precedent to change airline behaviour, says lawyer

Tue, 2024-03-26 03:17
The recent ruling by a court in the Netherlands that KLM’s historical climate claims, including use of voluntary carbon credits, constituted greenwashing could change airlines' practice in the EU, said a lawyer who worked on the case.
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VCM Report: Market pauses as ICAO blocks approval of new standards, ICVCM wades through voluntary carbon methodologies

Tue, 2024-03-26 03:05
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
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UK govt argues North Sea oil and gas increase is key to net zero transition

Tue, 2024-03-26 02:49
The UK government’s controversial proposal to expand offshore oil and gas developments is necessary to transition the country to net zero emission, lessen reliance on imports, and scale up its clean technologies industry, Energy Security and Net Zero Minister Graham Stuart said on Monday.
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EBRD initiative launched in Turkiye targets decarbonisation of CBAM-covered sectors

Tue, 2024-03-26 01:30
Around $70 billion annually is needed to decarbonise Turkiye’s steel, cement, aluminium, and fertiliser sectors, according to a low-carbon pathway (LCP) initiative launched in the country by European Bank for Reconstruction and Development (EBRD).
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Norway’s carbon removals projects at risk if EU implements proposed climate policy changes -minister

Tue, 2024-03-26 00:46
Proposed changes to the EU’s climate policy jeopardises Norway’s chance to meet one of its emissions targets for 2030 and puts some of its carbon removal (CDR) projects at risk, the country's climate minister has said in a letter to the EU published on Monday.
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Brazil’s ambassador to WTO calls for reforming agricultural subsidies at BioTrade Congress in Geneva

Tue, 2024-03-26 00:27
The World Trade Organisation (WTO) must work to reform agricultural subsidies in order to support the achievement of the Kunming-Montreal Global Biodiversity Framework targets, the ambassador of Brazil to the WTO has said.
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IPCC plans to unveil carbon removals methodology by end of 2027

Tue, 2024-03-26 00:10
UN scientists will reveal a new methodology for carbon capture and removal technologies and to help inform national climate plans, the chair of the IPCC told an international summit.
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Euro Markets: Midday Update

Mon, 2024-03-25 22:18
European carbon allowance prices jumped sharply on Monday morning in close alignment with strong gains in natural gas markets, as the front-December EUA contract reached its highest in two months and breached long-standing technical resistance levels.
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Governments must develop biodiversity standards to address paper industry’s impacts, study says

Mon, 2024-03-25 21:54
Incentives for sustainable forest management and recycling are urgently needed to mitigate the biodiversity impact of paper production, as forest ecosystems have come under increasing pressure due to logging and the industry's extensive use of chemicals, a study has said.
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Japanese agricultural lender to promote seaweed feed additives, cut methane emissions

Mon, 2024-03-25 21:14
A major agricultural lender in Japan has teamed up with two domestic partners to promote the commercialisation of cow feed additives using red seaweed, aiming to reduce methane emissions from cow burps and restoring marine ecosystems.
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Commodity trader to generate 75 mln voluntary carbon credits by 2030 from portfolio

Mon, 2024-03-25 20:18
A multinational energy and commodity trading company has financed a voluntary carbon project pipeline worth 75 million issuances by 2030, it confirmed in a sustainability report.
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CBAM to deal limited blow to Malaysian exports, govt says

Mon, 2024-03-25 19:52
Europe’s carbon border adjustment mechanism (CBAM) will hit 75% of Malaysian exports to the region but less than 10% of total exports for 2021-23, according to local news citing figures from the government released Monday.
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Authorisation rules at centre of CORSIA approval block on voluntary carbon standards

Mon, 2024-03-25 19:46
ICAO has requested that voluntary carbon projects account for the supply risk if a host country revokes its authorisation for credit use in CORSIA as a condition for approving standards for the current 2024-26 phase of the international aviation offsetting scheme, after no new issuing bodies were given the green light at a key meeting last week.
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FEATURE: EU ‘pretty open’ to carbon removal incentives, including from ETS

Mon, 2024-03-25 19:05
The European Commission is looking at regulatory and financial incentives to support carbon removal technologies, a senior EU official has confirmed, insisting though that removals should be used as “a complement, not a substitute” to emission reductions.
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Beijing released revamped carbon trading rules for local market

Mon, 2024-03-25 18:57
The Beijing municipal government has released revised management rules for carbon trading under its local emissions scheme, adding more legal clout to back the operations of the pilot market.
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CDR companies team up to advance removal projects in North America’s pulp and paper sector

Mon, 2024-03-25 18:05
Two carbon capture tech companies have signed an agreement to collaborate on developing carbon dioxide removal (CDR) projects for the US and Canadiam pulp and paper industries, they announced Monday.
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Charity, carbon developer partner on nature-based solution to benefit children

Mon, 2024-03-25 15:29
An international charity organisation is partnering with an Australian project developer and advisory to develop nature-based carbon projects in the Asia Pacific, with a focus on benefitting children, it announced.
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Civil society groups sign actvist investor letter urging gas giant shareholders to vote on climate

Mon, 2024-03-25 13:43
Activist shareholder group Market Forces has called on retirement fund AustralianSuper to put heat on Woodside Energy’s development plans at its April annual general meeting to be held in Perth.
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Investors seek certainty on Australian fossil fuel phase out, resilience and adaptation plans, survey finds

Mon, 2024-03-25 12:31
While sentiment and confidence in Australia has improved thanks to significant climate policy progress, investors are waiting on the government to provide clear timelines on phasing out fossil fuels, a survey has found.
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Cercarbono publishes final biodiversity crediting protocol

Sat, 2024-03-23 18:54
Colombia-based environmental crediting standard Cercarbono on Friday published the final version of its biodiversity protocol that will underpin crediting of 18 eligible activities across a number of ecosystems, though with a number of significant changes since its initial draft.
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