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Trend of pairing fossil fuel cargoes with offsets draws ‘greenwashing’ claims from environment groups
Twin measures show efforts by Sebastian Kurz’s government to prevent ‘gilets jaunes’-type backlash
EU carbon allowances topped €65 a tonne for the first time as energy producers switched to coal production
Coal and European gas prices rally to record peaks as traders brace themselves for winter crunch
‘Gone will be that £19 London-Mallorca return flight on Ryanair. Our clothes, petrol, meat and coffee will all get pricier’
Tighter rules and potential for greater winter reliance on coal help push up prices
Plus, China’s carbon market struggles and US issues new guidance on clean energy for multilateral development banks
Deputy prime minister highlights cost to consumers of bloc’s strategy to cut carbon emissions
Church group objects to TCFD proposals, green investors mimic Buffett and Olympics expose Japan’s ESG flaws
Opec and its allies will add 400,000 barrels a day starting in August
Only the energy sector is included in trading this year, with other industries expected to be added in future
Support is growing for using the power of the market to decarbonise the economy
Bloc of 27 countries to negotiate over three-pronged approach to reduce greenhouse gas emissions
Strategy targets key industries and trading relationships
EU looks to phase out free carbon credits for companies and also address energy poverty
Proposal for new governance team fails to assuage environmentalists’ greenwashing concerns
Leaked draft proposal hints at a years-long transition and limited sectors targeted
Parallel indices backed by private sector investors are needed for an international scheme to succeed
Revenue raised by the green policy will be used to help repay €750bn in pandemic recovery debt
Charge may be seen as a way to boost funding for the EU’s pandemic recovery
Transparent standards and a liquid carbon market could play a role in climate transition
Producers seek to stave off attempt to factor in cost of emissions
Reforms would set a carbon price for the majority of companies, but member states and activists worry the poor will suffer
Plans to expand emissions trading scheme exposes divide between richer and poorer member states
Early pricing levels suggest big UK polluters may face higher costs than groups in the EU
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