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SB64: PREVIEW – Adjacent plans, procedures take centre stage at Bonn UN climate talks
UN observers anticipate that already-agreed initiatives, or ones conceived in parallel to formal COP negotiations, will shape the SB64 climate talks in Bonn this week and next – and that forward momentum on these fronts could itself be a determinant of the summit’s success. Read MoreTop
UK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country's Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research. Read MoreTop
Key Parliament lawmaker seeks broad majority behind EU ETS reform
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS) in the European Parliament, said he aims to forge a broad majority for the next reform of the bloc’s carbon market, ranging from the conservative right to the radical left. Read MoreTop
FEATURE: Dimming the sun could soon be a topic for COP, but experts urge caution amid "rogue implementation" risks
Dimming the sun could soon move from theoretical science into mainstream political debate as the world seeks to combat the expected overshooting of the Paris Agreement's 1.5C warming goal – but the risks of rollout remain significant due to unintended consequences or misuse of the technology, experts say. Read MoreTop
VCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty. Read MoreTop
US DOE selects West Virginia coal and CCS project for $18.5 mln grant
A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development. Read MoreTop
Wealthy countries falling short of 2030, 2035 Paris goals, unlike BASIC countries -report
The three UN negotiating blocs comprising mostly wealthy countries are collectively on track to fall short of their emission reduction pledges in the next decade, with emissions set to exceed the 2035 targets by nearly 20%, according to a study published on Monday. Read MoreTop
Forests and climate set to suffer under countries' bioenergy reliance, warns coalition
Countries are relying too heavily on bioenergy to reduce carbon emissions in their national Paris Agreement pledges, which spells bad news for forests and climate as huge swathes of land are eaten up for growing biomass, according to environmental and social justice groups. Read MoreTop
Mexico still debating key ETS design elements ahead of operational launch -official
Mexican authorities are still negotiating core elements of the country’s emissions trading system (ETS) ahead of the envisioned start of its operational phase, an official told attendees at the Latin America Climate Summit (LACS) recently. Read MoreTop
UN flags 'significant' Article 6.2 readiness gaps in four APAC countries
At least four countries seeking to participate in carbon markets under Article 6.2 of the Paris Agreement have significant gaps in their governance, authorisation, and tracking systems, according to recent UN technical reviews. Read MoreTop
UK govt presents planning law for first fusion power plants
The UK government is proposing a new planning policy for cutting-edge fusion power generation, which it says will help the sector move from research to commercial take-off. Read MoreTop
India needs to authorise agricultural projects under Article 6.2 to unlock carbon potential -study
India needs to add agriculture to its list of Article 6.2‑eligible activities, to tap into the country’s carbon credit potential and enter international compliance markets, a study found. Read MoreTop
Large-scale carbon removal could save trillions in climate damages, but at cost of forgone health benefits -study
Large-scale deployment of CO2 removal technologies could substantially reduce the cost of reaching net zero emissions in the US and generate trillions of dollars in revenues for project developers, but may also lead to worse air quality outcomes than pathways that rely more heavily on direct emissions cuts, according to a new study. Read MoreTop
UPDATE – Six EU countries oppose plan to extend carbon market to departing flights
Six EU countries have urged Brussels to prioritise strengthening the international aviation sector’s carbon offsetting scheme (CORSIA) rather than extending the bloc’s carbon market to international flights. Read MoreTop
