Paddy Gourlay

2 days ago | carbon-pulse.com | Paddy Gourlay

VCM Report: Carbon credit prices tumble amid thin liquidity over holiday season, UK govt announcement offers hopeThe holiday break took its toll on the voluntary carbon credits with liquidity and prices sliding last week, but the UK government gave a fillip to the market after throwing its weight behind integrity initiatives and the use of both reductions and removal credits to mitigate Scope 3 emission claims.

3 days ago | carbon-pulse.com | Paddy Gourlay

UK CBAM to penalise new nuclear and wind, but let solar off the hook, warns utility giantEDF, which is seeking fresh investors for the Hinkley Point C nuclear power plant in England, has warned the UK government that its planned Carbon Border Adjustment Mechanism (CBAM) will push up the cost of building new nuclear plants and wind farms.

3 days ago | carbon-pulse.com | Paddy Gourlay

New UK seawater carbon capture and storage pilot starts operatingA pilot project to suck carbon out of the sea has started operating on the UK's south coast. A pilot project to suck carbon out of the sea has started operating on the UK's south coast. A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

1 week ago | carbon-pulse.com | Paddy Gourlay

UK throws weight behind VCMI and ICVCM as it backs using voluntary credits to mitigate Scope 3 emissionsThe UK government has thrown clear-cut support behind a company using high quality avoidance voluntary credits to meet Scope 3 indirect emission targets, as it steps into the void left by the opposition from the Science Based Targets initiative (SBTi), as well as the election of a climate sceptic US president.

1 week ago | carbon-pulse.com | Paddy Gourlay

UK urgently needs roadmap to merge compliance, voluntary carbon market demand, finds reportLondon is pitching to become the hub of the global carbon market, with stakeholders in a new report calling on the UK government to pull levers for scaling demand, including a roadmap to integrate voluntary and compliance carbon markets, as well as plans to allow removal credits to compensate for hard-to-abate North Sea oil and gas emissions.