Latest news with #carboncredits
Associated Press
8 hours ago
- Business
- Associated Press
A. QS Reopens Global Focus Blueprint Initiative Amid Quantum Breakthroughs in Green Finance
London, United Kingdom, June 1, 2025 -- Atlas Quantum Solutions ( a global leader in intelligent finance and quantum technologies, has officially announced the reopening of its Global Focus Blueprint Initiative, marking a pivotal moment in the internationalization of quantum-powered green finance. This announcement follows the company's recent success with its Earth Day Green Finance campaign and an exclusive interview with Chairman Alexander Mitchell on a major European news channel. Mitchell revealed how proprietary quantum system—Quantum Computational Intelligence Core (Q-CIC)—is revolutionizing environmental markets by enhancing transparency, efficiency, and real-time data utilization in carbon credit trading and green bond issuance. In his words: 'The Earth Day event demonstrated the power of quantum technologies in solving long-standing challenges in green finance. We are now working with global markets to expand these solutions internationally, providing a more transparent and efficient infrastructure for all participants.' Quantum Tech Meets Green Finance: A Global Milestone Q-CIC combines quantum computing and blockchain architecture to transform complex environmental data into actionable market intelligence. By supporting cross-border carbon credit trading and improving investment decision-making, the system strengthens both liquidity and trust in global green finance markets. In a key development, Mitchell confirmed that is currently in talks with leading European investment institutions to integrate Q-CIC into the EU Emissions Trading Scheme (ETS)—a major step for quantum adoption in environmental policy. ' innovations are redefining the landscape of green finance,' said Emma Clarkson, senior analyst at Green Horizon Capital. 'Their impact on transparency and operational standards could set a new global benchmark.' Final Call for Individual Investors: One-Month Reopening In a landmark board decision, will reopen the Global Focus Blueprint Initiative for one final month, providing individual investors a last opportunity to engage with quantum-enhanced green finance. This comes before the initiative transitions exclusively to serve institutional clients. The limited-time reopening includes exclusive technical support, direct access to quantum-powered tools, and premium prize incentives. Participation is expected to be high following widespread international media attention to Earth Day achievements and the recent global interview. About Atlas Quantum Solutions ( is a pioneering force at the intersection of quantum computing and intelligent finance. With a mission to drive sustainable innovation, develops and deploys advanced systems that empower transparent, data-driven decision-making across global financial ecosystems. Contact Info: Name: Gavin Cole Email: Send Email Organization: Atlas Quantum Solutions Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89161395 Should you detect any errors, issues, or discrepancies with the content contained within this press release, or if you need assistance with a press release takedown, we kindly request that you inform us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team will be available to promptly respond and take necessary steps within the next 8 hours to resolve any identified issues or guide you through the removal process. We value the trust placed in us by our readers and remain dedicated to providing accurate and reliable information.
Arab News
3 days ago
- Business
- Arab News
EU to propose more flexible climate goal in July, sources say
BRUSSELS: The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe's environmental aims, EU diplomats told European Union's climate commissioner, Wopke Hoekstra, confirmed plans to present an EU climate target for 2040 on July 2, during a meeting with EU countries' representatives on Wednesday, diplomats familiar with the closed-door talks told proposal will set an EU goal to cut net greenhouse gas emissions 90 percent by 2040, compared with 1990 levels, the diplomats said. However, the EU executive plans to add flexibilities to that target, which could reduce what it demands from domestic flexibilities include setting an emissions-cutting target for domestic industries that is lower than 90 percent and letting countries buy international carbon credits to make up the rest, to reach 90 percent, the diplomats said.A European Commission spokesperson declined to comment on the Commission has promised not to weaken Europe's ambitious climate aims, despite mounting criticism from governments and lawmakers concerned about the cost for European businesses, which are struggling with high energy prices and looming US is the world's fastest-warming continent. The Commission has delayed its 2040 climate proposal for months, and has weakened other green laws in recent months to try to calm the political countries are split over the 2040 goal, which they and EU lawmakers must approve. Finland, the Netherlands and Denmark are among those backing a 90 percent emissions cut. Opponents include Italy and the Czech has backed a 90 percent target if countries can use international carbon credits to meet three percentage points of the Commission is also considering softening requirements for countries to cut emissions in specific sectors — giving them more choice over which industries do the heavy lifting to meet the goal, the diplomats 2040 goal will aim to keep EU countries on track between their 2030 emissions target — which they are nearly on track to meet — and the EU's aim to reach net zero emissions by 2050.
Irish Times
4 days ago
- Business
- Irish Times
Ireland could face penalties of €28bn by 2030 for failing to meet emissions targets
The State could face financial penalties totalling as much as €28 billion for failing to sufficiently reduce greenhouse gas emissions by 2030, experts say. Latest projections show Ireland is further away than ever to reaching climate targets. Under EU agreements, countries that fail to meet their obligation to cut emissions in half by 2030 will have to purchase carbon credits from other countries who have exceeded their targets. A joint report last month from the Irish Fiscal Advisory Council and the Climate Change Advisory Council, both of which were set up to advise the Government, warned that Ireland could have to pay between €8 billion and €26 billion purchasing carbon credits from other countries on current projections. However, yesterday's report from the Environmental Protection Agency (EPA) showed that Ireland's progress towards the goal of reducing emissions by half is slowing. It will now only achieve reductions of 23 per cent in a best-case scenario. READ MORE It is likely that more carbon credits will have to be purchased at a potential additional cost of almost €2 billion, experts estimate. The total bill could be as high as €27.9 billion, according to initial calculations supplied by climate experts to Oisín Coghlan, policy adviser to the Stop Climate Chaos coalition. 'Today's EPA figures could add as much as the cost of another children's hospital to the billions in fines we are facing for not doing enough to hit our 2030 targets,' Mr Coghlan said, referring to the National Children's Hospital, which has soared to a cost of more than €2.2 billion. 'But this would be a complete waste of money. The real message here is that we can save billions of euro by investing more now in public transport, warmer homes and clean energy rather than more fossil fuels. 'But it requires political leadership because there is short-term inconvenience on the road to a better quality of life all round. Micheál Martin has repeatedly said climate change is the defining challenge of our generation. Now, as Taoiseach, it's time to show he can rise to it.' Climate experts say a recalculation of emissions from the agricultural sector seemed to have improved the Irish position, though the overall picture still shows Ireland facing massive costs for failing to meet emissions targets. The Department of Finance confirmed the Government may decide to purchase carbon credits from other countries, but said no decision had yet been made. 'In a scenario where targets aren't achieved, then consideration could be given to using various flexibilities available to member states, one of which is purchasing surpluses from other member states,' the department said in response to questions. The department said it was 'important to realise that if the EU as a whole does not meet compliance with its 2030 targets, then it may not be possible to purchase compliance at any price as there will be no surplus to purchase'. It added: 'This is one of the key reasons as to why there is significant uncertainty in relation to any potential cost projections.' The department said work was under way by the Department of Environment to consider what credible options would be available to Ireland in order to meet compliance, if necessary. In response to questions, the Department of the Environment and Climate said: 'The Government remains committed to complying with our domestic and EU emissions reduction targets through investing in climate action at home, and by driving forward implementation of the Climate Action Plan. 'We will continue to explore all compliance options available under the relevant EU legislation.'
E&E News
5 days ago
- Business
- E&E News
Projects in ex-colonies should count toward EU climate goal, Portugal says
BRUSSELS — Portugal wants to meet its share of the European Union's climate target with green investments in its former colonies. The demand comes as the European Commission prepares its proposal for a blocwide 2040 climate goal. Several governments already want the EU executive to let them count international carbon credits — regulated permits that pay for climate-friendly projects abroad — toward the new target. Lisbon, however, is going one step further. Advertisement Portuguese Environment Minister Maria da Graça Carvalho said the country should also get credit for planet-warming emission cuts that result from Portugal's investments in renewable energy projects in Cabo Verde or São Tomé and Príncipe — the country's former colonies. That should occur, she added, even if those projects are not regulated under the global carbon credit regime.
Bloomberg
6 days ago
- Business
- Bloomberg
CORSIA's Flight Plan for Credible Carbon Markets
A United Nations-led aviation decarbonization scheme could offer some respite for carbon credit markets mired in controversy. With the Carbon Offsetting and Reduction Scheme for International Aviation, also known as CORSIA, the UN is looking to offer legitimacy for carbon credits, to help tackle emissions at scale. The scheme has a global footprint, with a roster of 126 markets set to expand to 135 in 2027, but with the US and EU threatening to pull their involvement, just how impactful can CORSIA really be? On today's show, Tom Rowlands-Rees is joined by Layla Khanfar, an associate on BNEF's environmental markets team, to discuss her recent note 'Aviation Credits Market Outlook: CORSIA Gets Its Wings'.
