EC seeks views on use of carbon credits to meet 2040 climate target
In February, the European Commission launched a consultation to seek views on the use of international carbon credits to help meet the EU climate target for 2040.
EU CBAM ‘real cost’ phase begins
The European Union’s Carbon Border Adjustment Mechanism (CBAM) began its so-called ‘definitive regime’ phase on 1st January this year, meaning the tariff mechanism has moved from a reporting obligation to a real-world cost for companies…
EU nations agree 90% emissions target for 2040
November saw progress in Europe’s climate policy agenda, after the EU’s member states reached agreement on a 90% emissions reduction target by 2040, but delayed the start of a planned new…
Fears grow over looming supply crunch for CORSIA aviation carbon credits
Demand for eligible carbon credits is set to grow under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) as airlines’ CO2 emissions continue to rebound from 2020’s…
Norway, Finland sign deal on carbon transport and storage
September saw further progress in the carbon capture space as Norway and Finland agreed to cooperate on the capture, cross-border transport and…
Nations can be held legally accountable for their greenhouse gas emissions
In the climate space, attention turned to the legal world in late July after the United Nations’ highest court made a ruling on climate liabilities.
EU includes carbon credits in amended 2040 climate law
Some important news for carbon markets came this month in the form of the European Commission’s proposal for an amendment to its climate law for 2040.
Carbon pricing systems cover 28% of global emissions in 2024: World Bank
June provided an insightful update on the state of play in carbon markets worldwide, with the release of the World Bank’s annual “State and Trends of Carbon Pricing” report.
EU-UK carbon market link set to cut costs, boost trade
The EU and UK reached a provisional agreement on 19th May to link their respective carbon compliance markets, the EU Emissions Trading System (EU ETS) and the UK Emissions Trading System (UK ETS).