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Commission delays proposal on CBAM extension to 2026, while eyeing up other tweaks
The European Commission will delay its proposal or extending the Carbon Border Adjustment Mechanism (CBAM) to other sectors and downstream products by a year, to 2026, according to a senior official — although it is looking at other potential tweaks to the policy.
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RWE posts 8% drop in lignite-fired generation in 2024
RWE, historically the largest emitter in the EU ETS, posted a 8% annual drop in EU lignite-fired power generation in 2024, in preliminary full-year figures published on Thursday.
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Verra activates CDM methodology for renewable energy generation
Verra is activating a CDM methodology for renewable energy generation to be used in its Verified Carbon Standard (VCS) programme.
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French airline joins contrail avoidance campaign to cut CO2-equivalent emissions
A French-based aviation company has partnered with a technology group and a climate initiative on a contrail avoidance campaign designed to cut aviation-related CO2-equivalent emissions, the organisations announced on Thursday.
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France calls for simplifying and strengthening EU’s CBAM
Two French ministers have thrown their weight behind the EU’s Carbon Border Adjustment Mechanism (CBAM), calling it an indispensable tool to steer Europe towards net zero emissions — while stressing that the scheme needs to be strengthened and simplified before it starts charging a fee next year.
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Age of AI to cause surge in new oil exploration, says Shell
The age of artificial intelligence (AI) could prove a boon to fossil fuel companies, propping up high global oil demand into the 2060s, Shell said in its latest annual energy outlook, though global emissions would peak in the late 2020s.
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Brussels preparing changes to EU ETS registry fees
The European Commission is preparing to introduce a new fee system aimed at financing the EU ETS registry, which is being extended to cover new sectors of the economy.
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Govt-backed funds, stronger mandates could boost Asian demand for carbon removals -report
Promoting government-backed funds and establishing robust regulatory frameworks could guarantee a stable demand for removals carbon credits in Asia, and help the region lead the way in creating a thriving carbon market, a report has found.
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Climate crisis contributing to chocolate market meltdown, research finds
Scientists say more-frequent hotter temperatures in west African region are part of reason for reduced harvests and price rises
The climate crisis drove weeks of high temperatures in the west African region responsible for about 70% of global cacao production, hitting harvests and probably causing further record chocolate prices, researchers have said.
Farmers in the region have struggled with heat, disease and unusual rainfall in recent years, which have contributed to falling production.
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BECCS carbon removal potential constrained by land and ecosystem limits -report
Large-scale bioenergy with carbon capture and storage (BECCS) could remove less than 200 million tonnes of CO2 by 2050 if land and ecosystem constraints are considered, far below levels assumed in many climate scenarios, according to a new study released on Wednesday.
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Paper highlights gap between nature finance literature focus and actual contributions
The frequency of mentions of some nature finance tools in non-academic literature is inconsistent with their actual capital contributions, a preprint paper has said.
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Carbon-rich peatlands are severely underprotected, study finds
Only 17% of the world’s peatlands are protected despite storing more carbon than all the world's forests combined, a study released Thursday has found.
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Amazon, Microsoft team up with Exxon for new voluntary carbon task force
Representatives from several large corporates, including Amazon, ExxonMobil, and Microsoft, have teamed up with voluntary carbon experts as part of a new task force aimed at driving integrity in the market.
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Euro Markets: Midday Update
European carbon prices continued to track lower on Thursday morning amid heavy losses on gas markets, as sources also pointed to the trend coming as part of an "overdue" correction lower after a sustained period of strength.
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Nigerian state govt partners with Moroccan firm on carbon farming initiatives
The government of Kano in Nigeria has partnered with a Moroccan agri-tech firm to enhance agricultural productivity while enabling farmers in the state to earn carbon credits, as reported by several local media sources.
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High-income countries responsible for 13% of forest biodiversity loss, study says
Consumption-driven deforestation caused by high-income countries has been responsible for over 13% of forest habitat loss globally since 2001, according to a paper released on Wednesday.
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Cali fund key to implementing UN High Seas Treaty, IUCN says
A benefit-sharing mechanism for the use of digital sequence information (DSI) on genetic resources, such as the one established at COP16, can be crucial to support biodiversity conservation under the UN High Seas Treaty, the International Union for Conservation of Nature (IUCN) has said.
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BRIEFING: EU aims to adopt carbon farming certification rules this year, official says
The European Commission on Wednesday confirmed its intention to adopt carbon farming certification methodologies before the end of the year and write them into law under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation.
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ASEAN faces limited impact from EU CBAM, but future risks loom -study
The EU Carbon Border Adjustment Mechanism (CBAM) will have minimal immediate economic impact on Southeast Asia in the short term, but that might change in time and the scheme offers an opportunity to nations in the region to scale up their carbon pricing systems, according to new research.
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Australian developer eyes large enterprise partners in scaled-up nature pilot
An Australian biodiversity project developer is looking to work with select major corporations to set up a series of nature protection projects across the country.
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