Hungary's Parliament has voted to abolish the country's controversial carbon dioxide quota tax, reversing previous policy. This decision comes amid broader reforms of the EU Emissions Trading System (ETS), a key mechanism for carbon pricing and incentivizing emissions reductions across Europe.
Read the full article · Carbon Herald ↗The Oil and Gas Climate Initiative (OGCI) released a new study titled 'CCS in the Asia-Pacific Region' analyzing regulatory and policy challenges surrounding carbon capture and storage (CCS) technology deployment in the region. The report identifies critical gaps in policy frameworks hindering adoption of these essential solutions. The analysis provides recommendations to accelerate CCS infrastructure development across Asia-Pacific.
Green Earth, a nature-based solutions firm, has signed a long-term agreement to sell carbon credits from a Uganda project. The deal locks in substantial future revenue and reflects growing demand for high-quality carbon credits from nature-based projects. This agreement represents significant progress in funding ecosystem-based carbon removal solutions.
Equitable Earth, the global standard for conservation and restoration projects on carbon markets, has announced its new technical advisory board. This strengthened governance aims to improve the integrity and credibility of nature-based carbon projects. Enhanced validation capacity contributes to the robustness of carbon market mechanisms.