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EU climate goals are “cast in stone” but implementation must be more flexible, von der Leyen says
The EU will “stay the course on climate targets” but employ a more flexible method to get there, European Commission President Ursula von der Leyen said on Wednesday during the presentation of the ...
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EU CBAM could cost Northern Ireland up to £200 mln per year -report
The EU's Carbon Border Adjustment Mechanism (CBAM) may be costly and disruptive for Northern Ireland, requiring payments of up to £200 million a year — unless the bloc and UK decide to link their ...
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Switzerland sets new NDC with 65% emissions reduction, rejects climate fund initiative
Switzerland has approved a new emissions reduction target under the Paris Agreement, which has been criticised for not going far enough and relying too much on international carbon credits, while the ...
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Russia needs $25/t carbon price to sprout afforestation, say academics
Russia will need a jurisdictional price of between $20-25 per credit to see significant growth in afforestation, more than double the levy set under the pilot Sakhalin scheme, according to a new ...
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ANALYSIS: US withdrawal from Paris Agreement may create Article 6, CORSIA headache
The impending US withdrawal from the Paris Agreement could influence the supply and demand dynamics under the CORSIA international aviation offsetting scheme, progress towards the launch of the new ...
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Kenya finalises €60 mln debt-for-climate swap with Germany, Cape Verde sees extension
Kenya on Tuesday announced the conclusion of a debt-for-climate swap deal that will see the East African country develop more clean geothermal energy capacity, settling a €60 million debt owed to ...
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Decision on flagship EU BECCS plant hinges on green claims law outcome
A final investment decision on the EU's first power plant running on bioenergy with carbon capture and storage (BECCS) is being delayed until legislators reach agreement on the EU's Green Claims ...
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UK clears Heathrow expansion for take-off, promises plans will stick to carbon budgets
The UK government threw its weight behind the controversial expansion of Heathrow Airport on Wednesday, going against recommendations from its independent advisor on how to stick to the country's ...
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Initiative publishes voluntary carbon guidance for private market participants
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UPDATE – Carbon project financier reports significant setbacks at US reforestation project
A Toronto-based carbon project financier on Monday announced that one of its reforestation projects in the US has experienced significant setbacks, with tree mortality rates exceeding expectations and ...
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WEF, global consulting firm release guidance on biodiversity credit metrics
The World Economic Forum (WEF) and a global consulting firm have released a paper to help the private sector navigate nature metrics in the emerging biodiversity credit market, while investigating how ...
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Global soy standard launches regenerative incentives project to quantify carbon impact
Global soy standard launches regenerative incentives project to quantify carbon impact; UK clears Heathrow expansion for take-off, promises plans will stick to carbo ...