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Australia announces the closure of Climate Active
The Australian government has announced it is shuttering its Climate Active certification programme, saying the voluntary scheme is no longer needed. Read MoreTop
German govt advisors back centralised Article 6 procurement for EU ETS, warn against direct offset use
International carbon credits under Article 6 of the Paris Agreement should only be integrated into the EU Emissions Trading System (EU ETS) through a centrally managed purchasing mechanism rather than allowing companies to buy offsets directly for compliance, according to a discussion paper published by the German Environment Agency (UBA). Read MoreTop
BRIEFING: European Commission's proposed CBAM changes draw fire from all sides
A number of lawmakers have said Brussels' plan to extend the phaseout of free carbon allowances for industrial sectors under the Carbon Border Adjustment Mechanism (CBAM) until 2038 goes too far, while industry has criticized the European Commission for not including targeted support for CBAM exports. Read MoreTop
Article 6 project developers should do "NDC maths" before promising credits -consultant
Aspiring Article 6 project developers should independently calculate how many credits national regulators are likely to authorise for international transfer in their sector before developing large projects or pre-committing to credit sales, an Africa-based consultant and developer said this week. Read MoreTop
BRIEFING: Most California MDI allowances to be used, uptake to ramp up until 2031 -analysts
Nearly all of the allowances planned to be made available under California's Manufacturing Decarbonization Incentive (MDI) are expected to be used as uptake peaks in 2031, even as initial uncertainty tempers early utilisation, analysts said during a Wednesday webinar. Read MoreTop
Euro Markets: EUAs shed 3% as bullish speculative response to reform package fails to garner wider support
European carbon prices gave up most of the previous session's 4.1% leap on Thursday as the initial burst of speculative buying early in the week did not appear to trigger any wider demand, while traders fretted that EUA prices above âŹ80.00 risked further complaints from EU member states and industry, particularly at a time when energy prices are surging. Read MoreTop
California gas, diesel sales both drop YoY in April
California gasoline sales dipped 3% year-on-year (YoY) in April after the previous month's increase, while diesel dropped by a slightly larger percentage as retail prices hit historic levels, new state data showed. Read MoreTop
Canada to review carbon pricing benchmark by year end, explore linked markets
Canadaâs federal, provincial, and territorial leaders agreed Thursday to target finalising an updated national carbon pricing benchmark by the end of 2026, as well as to establish a working group to explore linking industrial carbon markets across the country. Read MoreTop
UK's plans for greenhouse gas removals show support for biochar, softening on int'l DAC -expert
The UK's response to a review of its entry into the carbon removal space signalled notable support for biochar, as well as an open door to credits from overseas direct air capture plants, according to an expert. Read MoreTop
CAR seeks public input on modular mine methane protocol
The Climate Action Reserve (CAR) published on Thursday a request for comments on its draft modular mine methane protocol, as well as a US-specific module for the project sector. Read MoreTop
Azerbaijanâs draft climate law sets framework for ETS, carbon tax
Azerbaijanâs government on Wednesday published a draft climate law that would establish the legal framework for a domestic emissions trading system (ETS), carbon tax, national carbon registry, and five-year carbon budgets. Read MoreTop
EU ETS carbon removal procurement needs strict quality rules, technology safeguards -report
The EU should pair its planned ETS carbon removal procurement mechanism with stringent certificate eligibility rules and consider technology-specific quotas, according to a German government-commissioned report released this month. Read MoreTop
Australiaâs âflawed hedgeâ favours fossil fuels despite export risk, WWF says
Australia is pursuing a âflawed hedgeâ by providing four times as much support to fossil fuels as renewables, even as it faces an erosion in demand for its polluting exports to Asian customers, WWF-Australia said in a report on Friday. Read MoreTop
Carbon removal specialist targets regulated markets
A carbon removal procurement service is offering portfolios aligned with compliance ready markets, it announced Thursday. Read MoreTop
