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EU needs “large scale” CO2 removal for 2050 goal – analysts
The EU will not be able to meet its 2050 climate neutrality target without natural and industrial processes that withdraw vast volumes of...
Tseles John
Dec 9, 20242 min read


Europe CO2 market can reduce storage costs but policies ‘stand in way’
Carbon emitters in Europe using offshore carbon dioxide (CO2) storage would benefit from 21% cost savings, according to a new report from...
Tseles John
Dec 7, 20242 min read


EU approves first Official Certification Framework for Carbon Removal
This week, the EU Council made history by greenlighting a regulation that enables the establishment of the first official EU-level...
Tseles John
Nov 21, 20242 min read


Renewables put EU ETS “well on track” to hit 2030 target – EC
The pace of Europe’s deployment of renewable energy meant the EU ETS should hit its 2030 emissions reduction target, the European...
Tseles John
Nov 21, 20242 min read


COP29: World Bank Announces Insurance Mechanism For Carbon Markets
The World Bank Multilateral Investment Guarantee Agency (MIGA) announced yesterday the launch of a Letter of Authorization (LoA)...
Tseles John
Nov 18, 20242 min read


EU ETS emissions drop 47% below 2005 levels in 2023
Emissions from industry, electricity and heat generators covered under the EU’s emissions trading system (EU ETS) achieved the highest...
Tseles John
Nov 6, 20241 min read


Fuel EU Maritime Regulation: The next legislative piece to make the EU climate neutral
The Fuel EU Maritime Regulation[1] (FuelEU Maritime) is another instrument in the 'Fit for 55'[2] toolbox of the EU to achieve its goal...
Tseles John
Sep 1, 20249 min read


A $5 billion scandal is rocking Germany's carbon credit market
A scandal engulfing Germany's carbon credit market may have resulted in billions in lost income for firms. The country's program allows...
Tseles John
Aug 25, 20242 min read


Shipping Industry prepares or Carbon Levy showdown
The global shipping industry is bracing for intense negotiations at the upcoming International Maritime Organization (IMO) meeting in...
Tseles John
Aug 15, 20242 min read


Goldman Sachs sees major shift in EU carbon market prices
The European carbon market—the largest in the world—is poised for a significant price shift, attracting investor interest, according to...
Tseles John
Aug 11, 20242 min read


TMK And Kita Partner on New Political Risk Insurance for CO2 credit projects
Tokio Marine Kiln (TMK), a prominent global insurance company, has revealed a new collaboration with carbon credit insurance company ...
Tseles John
Jul 22, 20242 min read


Container shipping will accept serious conscequences by upcoming FuelEU Maritime regulation
New analysis from Germany shows the container sector faces the brunt of penalties from the upcoming FuelEU Maritime regulation, the...
Tseles John
Jul 18, 20242 min read


CARBON – EUAs fall, set for further downside next week
Europe’s benchmark carbon contract shed almost 3% in the week to Friday, with expectations of further downside next week. The Dec 24 EUA...
Tseles John
Jul 14, 20242 min read


Schulte Group sets up firm for maritime emissions management
Newly established Ocean Opt would offer “independent consultancy, data management and platform-based services” for fleet performance...
Tseles John
Jul 4, 20241 min read


Uzbekistan Receives $7.5M in Carbon Credits as Payment for emissions reduction
Uzbekistan has broken new ground by becoming the first nation to receive a financial reward from the World Bank for lowering carbon...
Tseles John
Jun 25, 20242 min read


EU’s carbon innovation fund grants 18 projects EUR 173m
The EU has granted EUR 173m in funding to 18 clean technology projects financed through its EU ETS carbon emission trading scheme –...
Tseles John
Jun 19, 20241 min read


CO2 border tax (CBAM) may have minimal impact – Study
The EU’s carbon border adjustment mechanism (CBAM) will have minimal impact on imports from outside the EU, environmental think tanks...
Tseles John
Jun 4, 20242 min read


EU ETS global “test case”, indicates rising prices ahead – study
The EU ETS is a “test case” for carbon pricing schemes around the world and indicates higher prices ahead, the Institute of Energy...
Tseles John
May 30, 20242 min read


South Africa against EU carbon border tax
South Africa is considering lodging a formal complaint at the World Trade Organization against the European Union's "protectionist"...
Tseles John
May 23, 20242 min read


‘User pays’ carbon storage levy to be introduced in UK
The UK’s North Sea Transition Authority (NSTA) has revealed its intention to introduce a levy on carbon storage licenses in the future,...
Tseles John
May 23, 20244 min read
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