![Carbon Market Watch - Latest News [Page 1]](/_next/image?url=http%3A%2F%2Fimg.scoop.co.nz%2Fstories%2Fimages%2F1908%2Fscoop_image.jpg&w=3840&q=100)
Carbon Market Watch - Latest News [Page 1]
Cookstove Carbon Credits: Recipe For Cooking The Climate Books
A new report reveals that cookstove carbon projects eligible for the Korean Emissions Trading System are at risk of issuing 18 times more credits than they should, echoing past EU carbon market mistakes. More >>
COP29: Complex Article 6 Rules Pave Way To Unruly Carbon Markets
Saturday, 30 November 2024, 11:14 pm | Carbon Market Watch
Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff. More >>
Oxy's Plans For 'Net-zero Oil' And Carbon Removal Offsets Spell Trouble For The Climate – Report
Sunday, 5 May 2024, 6:25 am | Carbon Market Watch
The net-zero strategy of Occidental Petroleum (Oxy) relies heavily on unproven carbon removal technologies to camouflage its fossil fuel emissions and those of its customers while expanding its oil and gas production, a new investigation reveals. More >>
Going For Green: Is The Paris Olympics Winning The Race Against The Climate Clock?
Thursday, 18 April 2024, 6:49 am | Carbon Market Watch
The 2024 Paris Olympics promises a gold-winning climate performance and to set the pace for future games. Our in-depth assessment reveals that, despite improvement, the carbon footprint of the Olympics remains far too high to be sustainable. This ... More >>
COP27: Governments Must Slash Emissions, Not Ambition
Thursday, 3 November 2022, 6:01 am | Carbon Market Watch
As Carbon Market Watch prepares to attend the COP27 climate conference in Sharm el-Sheikh, we urge the international community to commit to far more ambitious climate action. Negotiators must design effective and fair carbon markets under Article 6 ... More >>
Environment Ministers Weaken Emissions Trading System In A Race To The Bottom With European Parliament
Thursday, 30 June 2022, 6:37 am | Carbon Market Watch
Rather than correct course after the European Parliament's shocking abrogation of responsibility, EU environment ministers have lowered the ambition of the EU's Emissions Trading System (EU ETS) even further. Moreover, the Environment Council ... More >>
Carbon Copy: MEPs Vote For Emissions Trading System Reforms They Rejected Two Weeks Ago
Thursday, 23 June 2022, 6:22 am | Carbon Market Watch
After being recently voted down in the European Parliament, the reform of the EU's Emissions Trading System (EU ETS) was successfully passed today. But there's little cause for celebration: while the changes might appear favourable at first glance, ... More >>
EU Parliament Sends Carbon Market Review Back To The Drawing Board
Thursday, 9 June 2022, 6:17 am | Carbon Market Watch
In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee ... More >>
Top Corporations Use Misleading Climate Pledges To Greenwash Image, New Report
Thursday, 3 February 2022, 6:52 am | Carbon Market Watch
Major global companies are avoiding meaningful climate action and are instead using false, misleading or ambiguous green claims, a new report shows. The first Climate Corporate Responsibility Monitor assesses the pledges made by 25 of the world's ... More >>
COP26: Half-baked Carbon Market Rules Fail To Take Heat Off The Climate
Sunday, 14 November 2021, 7:21 am | Carbon Market Watch
After over five years of dithering and two weeks of intensive negotiations, the world's governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement's Article 6. This deal will provide escape hatches for government ... More >>
Selling Net-zero Pipe Dreams – Fossil Fuels Cannot Be Carbon Neutral, New Investigation Shows
Tuesday, 19 October 2021, 6:34 am | Carbon Market Watch
A growing number of oil and gas companies are selling fossil fuels they market as 'carbon neutral'. A Carbon Market Watch investigation has thoroughly investigated these claims and concluded that they amount to brazen greenwashing. Due out ahead ... More >>
New 1bn USD Initiative Raises The Bar For Forest Carbon Credits, But Risk Of Abuse Remains
Friday, 23 April 2021, 6:02 am | Carbon Market Watch
A joint reaction by Carbon Market Watch and the Rainforest Foundation Norway to the announcement of a new coalition to finance forestry climate projects BRUSSELS/OSLO 22 April 2021 In the context of the US President Biden's 'Leaders' Summit', ... More >>
EU Leaders' 2030 Target Deal Ignores Europe's Climate Responsibility
Saturday, 12 December 2020, 6:24 am | Carbon Market Watch
EU leaders have agreed a net 55% emissions reduction goal for 2030. While this replaces the outdated 40% goal, the target is not in line with the Paris Agreement[1] and Europe's historic responsibility to cut emissions. Relying on forests and land ... More >>
EU Commission's Climate Plan Two Steps Forward, One Step Backwards
Friday, 18 September 2020, 8:23 am | Carbon Market Watch
The European Commission's 2030 Climate Target Plan reiterates positive elements from the European Green Deal such as strengthening the EU carbon market and reducing free pollution permits to airlines. But the plan to rely on carbon sinks to reach ... More >>
EU Lawmakers Support The Expansion Of Europe's Carbon Market To Shipping As Global Talks Are Adrift
Wednesday, 16 September 2020, 7:51 am | Carbon Market Watch
The European Parliament has voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision ... More >>
Airline Bailouts Set To Double To €26bn As Countries Fail To Impose Binding Green Conditions
Thursday, 30 April 2020, 6:22 pm | Carbon Market Watch
Brussels, 30 April 2020 Airline polluters are now seeking more than €26 billion in taxpayers' money - double the amount of just a week ago - according to the European airline bailout tracker compiled by Carbon Market Watch, Greenpeace and Transport ... More >>
ICAO Decision On Aviation Carbon Market Rules A Step In The Right Direction
Sunday, 15 March 2020, 1:06 pm | Carbon Market Watch
ICAO decision on aviation carbon market rules a step in the right direction but fails to exclude all junk credits MONTREAL/BRUSSELS, 14 March 2020. The UN aviation body ICAO's Council has agreed to recognise carbon offsets from six existing offset ... More >>
COP25: No deal on UN carbon markets
Monday, 16 December 2019, 8:39 am | Carbon Market Watch
MADRID 15 DECEMBER 2019 Governments at the UN climate talks (COP 25) postponed decisions on future carbon market rules - article 6 of the Paris Agreement - after no agreement was reached on the most contentious issues such as the fate of old credits and measures ... More >>
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RNZ News
2 hours ago
- RNZ News
Aid organisations help farmers in PNG's Sepik get ahead
For many years the European Union, through its EU-STREIT, or Support to Rural Development, Entrepreneurslhip, Investment and Trade programme, has been helping farmers in isolated areas to improve production and sales. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
NZ Autocar
18 hours ago
- NZ Autocar
Kia commits to hatchbacks with EV4 and K4
Against the general trend, Kia is committed to launching more hatchbacks and saloons, rather than going all-in on SUVs. Its EV4 and K4 are rivals for Volkswagen Golf and ID 3. Kia executive vice-president, Ted Lee, recently told Autocar UK that there was still 'big volume' for hatchback models in Europe. He confirmed that the firm would continue to offer them and indeed launch all-new models. Lee co-ordinates Kia's global business outside of Korea. Read our review of Kia EV3 here. The first of these newcomers is EV4, set to dot down in New Zealand soon. It will be built at Kia's plant in Slovakia, and will also be offered as a saloon built in South Korea. The EV4 will be joined by the K4, a hatchback that debuted at the New York motor show. It replaces Ceed and will be built at Kia's plant in Mexico in both hatch and saloon forms. An estate version is on the cards too. Lee said that Kia currently has a 'strong position in Europe, especially in the UK.' Kia sales have grown more than 30 per cent since 2020 in the EU. In the UK, Kia has sold more than 100,000 cars for three years running. It is the third best-selling brand in 2025, less than 300 units behind second-placed BMW. However, Lee said increased competition in Europe from Chinese brands makes for a 'difficult market '. Kia will further strengthen its aftersales, parts supply and customer journeys in response. However, it will not become embroiled in a price war in Europe in the face of new lower-cost competition. Instead, it will maintain its focus on residual values, which it credits as partly responsible for the 'sustainable growth' the brand has enjoyed. Lee said Kia has done this by maintaining demand. Cars are not pushed to dealers and onto customers at discounted rates but are built and sold according to demand. Describing this as a 'healthy cycle', Lee said: ' It might sound very easy, but in reality it requires a very strong determination and sense of principle.'
RNZ News
5 days ago
- RNZ News
New Zealand exporters try to see forest for the trees with new EU import rules
The new rules that aim to reduce deforestation in the supply chain. Photo: 123RF New Zealand exporters sending wood or beef and leather products to the European Union (EU) will soon have to comply with new rules that aim to reduce deforestation in the supply chain. New Zealand government officials and industry opposed the approach to anti-deforestation taken by the incoming European Union Deforestation Regulation (EUDR), due to increased compliance costs exporters will face in proving their products have not contributed to the loss of trees. However, the European Commission was standing firm that imports of certain commodities had their part to play in addressing challenges related to deforestation , climate change and biodiversity loss. The EUDR covered seven key commodities, namely cattle, cocoa, coffee, oil palm, rubber, soya and wood. Photo: Supplied A European Commission spokesperson said the EUDR covered seven key commodities, namely cattle, cocoa, coffee, oil palm, rubber, soya and wood. "These commodities have been chosen on the basis of a thorough impact assessment identifying them as the main driver of deforestation due to agricultural expansion," they said. Deforestation was defined as converting forests to land for agricultural use. For New Zealand, this will affect the $213 million export trade of beef and leather exports into the EU, with new rules coming into force this December. Exporters of wood products - a trade to Europe valued at around $100m - would be required to provide traceability processes to show that their products did not contribute to deforestation too. Products that do not meet the new import requirements will be rejected at the border. Deforestation was defined as converting forests to land for agricultural use. Photo: 123RF In recent months, the European Commission released further clarifications about the rules for operators and traders . A spokesperson said it found New Zealand to be a country with "low risk of deforestation". "Sourcing from low-risk countries entails simplified due diligence obligations for operators and traders," the spokesperson said. "Concretely, this means that they need to collect information, but not assess and mitigate risks." It also announced a 12-month phase-in for the new regime in December 2024, a year's delay after the original enforcement date to give operators time to prepare, they said. "Given the EUDR's novel character, the swift calendar, and the variety of international stakeholders involved, a 12-month additional time to phase in the system is a balanced solution to support operators around the world in securing a smooth implementation from the start," they said. "This is essential to guarantee certainty about the way forward and to ensure the success of the EUDR." The Wood Processors and Manufacturers' Association chief executive Mark Ross said a working group with forest growers, wood processors and the government had been set up to work through some issues relating to the new requirement, like geolocation requirements. He said, overall, companies were "reasonably confident" they would be in a good position to meet the requirements. "At first glance the EUDR appears complex, but the best way to overcome any risks associated with the legislation and to ensure that our wood product exporters remain compliant, is for the forestry and wood processing industries to continue to work closely together on fulfilling the EUDR requirements," said Ross. "By taking the necessary steps to comply with EUDR, the New Zealand wood products industry can gain a market advantage in Europe and globally, which will further enhance our positive sustainable forestry and wood products reputation." However, Minister of Agriculture, Forestry and Trade and Investment Todd McClay wrote to the European Commission early last year, urging it to exclude New Zealand and the pastoral farming system from the regulation, among other bilateral efforts. "Without changes, this regulation risks making it too costly for many of our exporters to continue supplying the EU market, affecting over $200 million in Kiwi exports at a time when we should be growing this trade through the benefits of the NZ-EU Trade Agreement, not facing additional barriers," said McClay in October. "New Zealand does not have a deforestation issue, and while we share the EU's goals of promoting deforestation-free products, we already have stringent domestic protections in place. Imposing these compliance costs on our exporters is not justified." Minister of Agriculture, Forestry and Trade and Investment Todd McClay. Photo: RNZ/Monique Steele Industry group Beef and Lamb New Zealand helped successfully lobby for the exclusion of sheepmeat with its British counterparts, the UK National Sheep Association, but senior trade policy advisor Nicholas Jolly said in May last year, it should also extent to beef. He said diverting products from the EU to other markets would significantly "devalue New Zealand's trade". "The loss in beef exports would begin at approximately $98 million annually, while the impact on leather exports would also be substantial, considering 45 percent of New Zealand's leather exports by value go directly to the EU and it would be extremely difficult to find alternative markets." Beef and Lamb New Zealand declined to comment further at the time of publish. Sirma Karapeeva, chief executive of the Meat Industry Association (MIA), said the deforestation regulation was "unlikely" to tackle global deforestation, as it was "poorly designed and poorly drafted". She said New Zealand already had strict environmental regulations with enforceable penalties for negatively impacting native vegetation. "New Zealand beef exports are backed by world-leading sustainability credentials and should be treated differently to products from countries where deforestation is a genuine concern," she said. Karapeeva said it was working closely with officials to advocate for a "more pragmatic and sensible solution" that recognised New Zealand's trend of afforestation . A spokesperson for the Ministry of Foreign Affairs and Trade said the costs imposed on exporters were disproportionate to the risk that the product was actually linked to deforestation. "New Zealand shares the European Union's objective of addressing global deforestation, but has consistently raised concerns with the approach taken in the EU Deforestation Regulation." It also encouraged the Commission to address these concerns through the relevant committees of the New Zealand/EU Free Trade Agreement. Large exporters had to comply with the new rules by 30 December, 2025 and June 2026 for smaller-sized exporters. Ministry for Primary Industries' Bilateral Relations & Trade divisional manger Steve Ainsworth said it was continuing to liaise with beef and forestry sectors about the requirements. "MPI and MFAT have maintained an open and active dialogue with the beef and forestry sectors to understand their concerns, keep them informed of developments, facilitate opportunities for engagement with the European Commission, and support their preparations for EUDR." The MIA said it was supporting its members on how to comply.
