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EU Parliament gives blessing to ETS-funded Net-Zero Industry Act
The European Parliament gave its blessing on Thursday to plans aimed at producing 40% of the bloc's annual needs for net-zero technologies domestically by 2030, thanks to funds partially coming from emissions trading revenues. Read MoreTop
Euro Markets: Midday Update
Trading in European carbon allowances was markedly calmer on Thursday morning as prices moved in a relatively narrow range and volume was also noticeably lower than in recent days and weeks, as traders reported a slight decrease in the weight of selling pressure and natural gas prices also saw reduced volatility. Read MoreTop
Public prefers nature-based to engineered carbon removals, study finds
Carbon removals based on nature-based solutions are generally preferred to engineered approaches amongst the general public in 22 countries, according to a study published on Wednesday. Read MoreTop
Saudi Arabia's carbon company to use Xpansiv technology for new VCM exchange
The Saudi Arabian company set up to drive voluntary carbon market growth has selected Xpansiv, the owner of the CBL marketplace, to provide the technology infrastructure for its carbon credit exchange. Read MoreTop
Startup looking to invest $150 mln in carbon offsetting projects in India, Sri Lanka
A Chennai-based developer is planning to invest $150 million in several carbon offset projects in India and Sri Lanka within the next 12-18 months, it announced at a conference this week. Read MoreTop
Singaporean tech firm teams up with Japanese biofuel developer on sorghum carbon projects
A Singapore-based tech company has partnered with a Japanese biofuel developer to create agriculture-based carbon credits from sorghum production. Read MoreTop
Indonesia looks to incorporate blue carbon in second NDC, ministry official says
Indonesia has begun preparing its second Nationally Determined Contribution (NDC) to submit to UNFCCC, the government announced in a press conference this week, adding that it would seek to incorporate the marine sector, with a focus on managing coastal and marine ecosystems. Read MoreTop
Clean heat rollout should take priority in European Commission's next term -report
Clean heating should become a political priority for the next European legislative cycle, starting work next autumn, according to a report published on Thursday. Read MoreTop
EU Parliament accepts farm policy U-turn undoing nature protection
The European Parliament gave its green light on Wednesday to review the EU's agriculture rules, in a dramatic political U-turn that will weaken requirements for climate action and nature protection. Read MoreTop
After setback, Verra still mulling how to achieve Phase 1 CORSIA eligibility
Verra has yet to decide the best way to achieve full eligibility under Phase 1 of CORSIA, the standards body revealed Wednesday, a month after it was denied full approval under the UN's aviation emissions offsetting scheme. Read MoreTop
BRIEFING: New demand, de-risking to scale voluntary carbon market, says industry
New voluntary carbon market (VCM) demand drivers and increasingly mature de-risking measures are poised to scale the VCM but need more traction, according to a panel of industry experts speaking Wednesday. Read MoreTop
Euro Markets: EUAs claw back early losses in energy-fuelled rally as COT shows larger cut in fund shorts
European carbon prices fluctuated in a €2.70 range on Wednesday after relatively rangebound trading on Tuesday as prices moved in sync with swings in energy markets, while the publication of weekly Commitment of Traders data that showed the biggest reduction in investment funds' bearish bets in a month failed to generate a significant response from the market. Read MoreTop
EU lawmakers make final appeal before elections to save the Green Deal
Members of the European Parliament made one last rallying cry to salvage the Green Deal this week, as the bloc’s flagship climate neutrality programme faces an uncertain future with the prospect of a larger far-right presence following upcoming EU elections. Read MoreTop
US rating agency partners with offset platform to launch “highly-rated” carbon credit portfolio
A carbon offset buyer platform will offer a portfolio of credits vetted by a ratings agency to be “highly-rated” as part of a newly formed partnership announced Wednesday. Read MoreTop
