The UK government is changing how firms pay for producing emissions as it introduced more allowances to its Emissions Trading Scheme.
Emissions Trading Schemes (ETS)
New reforms proposed for the UK’s emissions trading scheme (ETS) would see carbon-removing technologies added to the market, in a move aimed at boosting investment in the sector.
US-based Climate Vault has raised $9.4m to develop its unique approach to greenhouse gas (GHG) impact in the voluntary carbon markets.
Climate policies resulting in higher carbon costs have negligible impacts on corporate performance globally, a new study has found.
European long-haul carriers pay much less for their pollution than short-haul airlines, according to NGO Transport & Environment (T&E).
The EU has unveiled a series of new measures to progress with its Fit for 55 package.
A combination of factors has driven EUA prices above €100, causing some concern in the markets. Regulators want to ensure stability in the ETS, while companies are concerned about prices in the current environment. Many will need to buy credits to comply with the GHG emissions reduction targets set by the EU’s ‘Fit for 55’ legislation and REPowerEU proposals.
The European Parliament has voted to include the maritime transport industry within its emissions trading scheme, which means the industry will have to pay for the emissions it generates starting in 2023.