Carbon

EU weakens ETS ambition, in 'major setback' for climate mitigation

In a fundamental reshape to one the European Union's flagship decarbonisation policies, the European Commission has today announced plans to weaken the ambition of the Emissions Trading Scheme.

Institutional investors are playing in carbon markets, says CIP

Longer developer track records, more bankable projects and more transparency is helping the voluntary carbon market attract more institutional investment, according to Climate Impact Partners.

Blue carbon nature-positive framework under development

Essential to resist fossil fuel lobby to water down ETS, says ECB's Elderson

It is "essential" that the EU preserves the credibility of its Emissions Trading System (ETS) and resists a fossil fuel "lobby to water [it] down", a board member of the European Central Bank said.

UK forum to define carbon in bid to develop market

The UK Carbon Markets Forum plans to further define carbon assets in a bid to help develop an investable and tradeable market.

Danone, Mars, Hermès back €124m nature carbon fund

The Livelihood Impact Fund has raised €124 million in the first close of a new nature-based carbon fund.

SBTi's Corporate Net Zero Standard 2.0 unveils role for carbon credits

The long-awaited Science-Based Targets initiative (SBTi) Corporate Net Zero Standard 2.0 has urged companies to "deploy every lever in your control" to hit targets, which includes roles for energy attribute certificates (EACs) and carbon credits.

Outcomes-based bonds: Compliance carbon credit market 'key' to scalability

The emergence of a compliance-driven, harmonised carbon credit market could be critical to supporting the scaling of the outcomes-based bond structure by reducing the need for an off-taker to get deals off the ground.

New Asian carbon markets coalition launched

Action for a Resilient Climate (ARC) - a coalition of corporates, financial institutions and government agencies in Asia - has been launched to help mobilise demand and financing for high-integrity carbon credits.

New Zealand stays clear of Article 6

New Zealand has updated integrity guidance for its voluntary carbon market, confirming it will not be linked with the UN's Article 6 markets.

International carbon credits can be used for CBAM compliance, draft rules say

Importers would be able to claim reductions to payments under the EU's Carbon Border Adjustment Mechanism (CBAM) based on purchases of domestic and international carbon credits, under draft rules published by the European Commission.

GFI CDR initiative secures £1m for UK biochar project

A new initiative from the Green Finance Institute aimed at scaling carbon dioxide removal (CDR) projects has helped to secure £1 million ($1.4 million) for a 'first-of-its-kind' biochar deal.

CEFC to back its first carbon abatement deal

Australia's Clean Energy Finance Corporation (CEFC) is finalising a carbon abatement deal as part of its plans to expand its work on nature-based solutions, Environmental Finance can reveal.

Octopus Energy invests $500m in reforestation carbon deal

Microsoft rumours highlight carbon market concentration risk

Microsoft has denied reports it has abandoned the voluntary carbon market, but experts warned that it highlights the concentration risk in the market, with the tech giant being comfortably the biggest buyer of credits.

ETS price rise a risk if Iran war prompts gas-to-coal switch, says ING

EU countries considering using fossil fuels to plug gaps in energy generation instead of turning to renewables risk higher costs for businesses under the EU Emissions Trading System (ETS), according to ING.