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An influential business group in Ukraine has outlined its proposals for how best to roll out an ETS in the country, requesting a slower implementation to help affected sectors ready for eventual linkage with the EU market, and demanding that work on a domestic CBAM begins next year.

REPowerEU revenue has fallen more than €300 million behind the EU’s target after the first a year of sales under the initiative, raising the prospect that even more EUAs will need to be sold into the market to raise the €20 billion in funding that has been promised from the bloc’s carbon market to pay for the switch away from Russian energy supplies.

Aggregate open interest across all European carbon futures contracts has risen significantly above 2023 and 2022 levels, driven largely by strong liquidity on the front-December and August contracts, as analysts point to a recovery in utility hedging, the shift in compliance deadline to September, and hedge fund interest.

Danish toy maker Lego Group is putting pressure on its suppliers to cut emissions in the next two years, as part of its efforts to reach net zero emissions by 2050. 

Carbon finance can accelerate the adoption of cleaner cooking with LPG in developing countries, with a number of credit-generating projects underway, though infrastructure rollout remains a core challenge, say experts.

The Finance for Biodiversity Foundation (FfB) launched the second edition of its nature target-setting framework for asset managers and owners on Wednesday with three target types.

A French nature tech startup has secured undisclosed funding from the European Space Agency (ESA) to develop a biodiversity monitoring tool for potential use in nature-related disclosures and the biodiversity credit market, Carbon Pulse has learned.

Restoring key EU rivers can help achieve 10% of the bloc's biodiversity targets under the Nature Restoration Law while strengthening countries' resilience to the climate crisis, a new report has shown.

Biodiversity credits worth over $14 million in total across two projects could be sold within the next three months to multiple-buyer groups, according to the head of credit developer RePlanet.

EUAs were once again little changed at midday, after prices see-sawed in a well-defined range amid periodic attempts to move lower, while energy markets diverged due to differing fundamental influences, and the UKA market took a pause as the country voted in a general election.

Study that researchers say highlights chemicals’ ubiquity also shows PFAS association with seafood and red meat

New research aimed at identifying foods that contain higher levels of PFAS found people who eat more white rice, coffee, eggs and seafood typically showed more of the toxic chemicals in their plasma and breast milk.

The study checked samples from 3,000 pregnant mothers, and is among the first research to suggest coffee and white rice may be contaminated at higher rates than other foods. It also identified an association between red meat consumption and levels of PFOS, one of the most common and dangerous PFAS compounds.

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A white-tailed eagle that broke its wing has taken to the skies after its parents nursed it back to health.

A white-tailed eagle that broke its wing has taken to the skies after its parents nursed it back to health.

The EU will continue to endure markedly higher energy prices than the US and China even in a scenario where it meets its climate goals, due to its continued reliance on imports and growing demand, said the bloc’s business lobby.

A voluntary carbon crediting platform for engineered removals has unveiled plans to update its service fee structure later this year to make market entry more accessible for carbon removal suppliers, it said this week.

Ten individuals are being investigated by the Italian authorities for submitting manipulated CO2 emissions data while administering Italy's largest steel factory, which then affected the facility's EU carbon permit compliance requirements, according to multiple national media sources.

Japan is considering government procurement of direct air capture (DAC) carbon credits in a bid to boost demand, while several relevant methodologies under the domestic offset programme are being developed.

The European Commission will take all the necessary steps to make carbon capture and storage (CCS) technology available to large industrial emitters and remove barriers to its development, a senior EU official said on Wednesday.

Australia has announced updates to national greenhouse gas reporting rules that a climate think tank warns will let coal companies dramatically under-report their emissions and undeservedly be issued Safeguard Mechanism Credits (SMCs).

The European Commission wants to speed up approval of emerging green and low-carbon technologies, saying it will promote faster permitting for those identified as the most promising by its new Innovation Centre for Industrial Transformation (INCITE) in Seville.