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Cop host Azerbaijan joins Global Methane Pledge

  • Spanish Market: Emissions
  • 04/03/24

Azerbaijan on Monday joined the Global Methane Pledge group of countries that have promised to cut emissions of the greenhouse gas (GHG) by 30pc by 2030.

The country, which will host the UN Cop 29 climate summit in November this year, today announced that it is joining the group formed at the Cop 26 summit in Glasgow in 2021.

A majority of global countries — 156 with Azerbaijan — have signed the pledge. But some major emitters of methane remain outside. China, which on its own accounts for more than 15pc of global methane emissions, is not a member. Neither are second and fourth-largest emitters India and Russia.

Azerbaijan's methane emissions of 624,000 t/yr in 2019-22 made up less than 0.01pc of global methane emissions, according to IEA data. Slightly more than half the country's emissions came from its energy sector, with agriculture accounting for most of the rest.

As host of the upcoming climate conference, hydrocarbon-producing Azerbaijan's own record on emissions has come under scrutiny. State-owned Socar in December last year announced that it was setting up a unit, Socar Green, to increase renewables growth. The Azeri government aims for renewables to make up 30pc of installed power generation capacity by 2030.


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09/07/25

Australian carbon industry criticises key method update

Australian carbon industry criticises key method update

Sydney, 9 July (Argus) — Australian carbon industry lobby group Carbon Market Institute's (CMI) taskforce on the long-planned Integrated Farm and Land Management (IFLM) carbon credit method has urged the government not to further delay development of the method, following an update today. The Department of Climate Change, Energy, the Environment and Water (DCCEEW) said today that there were "considerable technical issues yet to resolve" on key components of the planned Australian Carbon Credit Unit (ACCU) method — the first in the country to combine multiple activities that store carbon in soil and vegetation in a single method . It aimed to deliver an exposure draft method to the Emission Reduction Assurance Committee (Erac), the statutory body responsible for ensuring the integrity of Australia's carbon crediting framework, "by the end of 2025". Erac would need to assess the draft before leading a public consultation, which would then help inform its decision to recommend the method to assistant minister for climate change and energy Josh Wilson. The DCCEEW's update suggests the method would be very unlikely to be legislated this year as expected by some in the industry, with the delay to further impact the industry need to boost future ACCU issuances to address an expected shift in the supply-demand balance within a few years . "CMI and the IFLM taskforce have been vocal about the market impact of the protracted delays in the development of the IFLM method and the current timeline is inadequate and lacks the urgency and required collaboration to finalise a technical draft," IFLM taskforce co-chairs, carbon project developer Climate Friendly co-chief executive Skye Glenday and carbon developer Australian Integrated Carbon chief executive Adam Townley, said in a statement sent to Argus . The taskforce is calling for a commitment to a legislative draft to be put before Erac in September. Four modules proposed The DCCEEW is proposing that the method includes four activity modules setting out different abatement activities, with project proponents able to undertake one or more modules in a project. Modules 1 and 3 generally have a strong evidence base and well-known policy and legislative positions, as they would be based on the Native Forest from Managed Regrowth and Reforestation by Environmental or Mallee Plantings methods, respectively. But module 4 would be based on the Soil Organic Carbon 2021 method, which is currently being reviewed by Erac. This means "more work may be required" to adequately address the review's recommendations, the DCCEEW said today. Module 2 is the one facing "considerable technical issues yet to resolve", according to the DCCEEW. While module 1 would credit abatement for activities that promote the regeneration of native forest on land that had been comprehensively cleared and kept that way by mechanical or chemical destruction, module 2 would credit abatement for regeneration on land previously suppressed by other management actions, such as grazing pressure. "The department recognises regeneration under this module would be a result of multiple drivers, including rainfall variability, and that a management signal from the permitted activities may not always be clear," it said. The greater uncertainty in the attribution of the project activity to carbon stock change means a higher risk of not meeting Erac's Offsets Integrity Requirements, it warned. Taskforce calls for one regeneration activity module The DCCEEW established two new stakeholder reference groups to help it address the more complex method components, with the first meetings held in June. But while welcoming the creation of the groups, the CMI IFLM taskforce co-chairs said they were concerned with the ongoing delays with the method development and the potential limitation of the proposals published today. The proposed method framework continues to be based on binary "cleared/uncleared" land classifications , and could limit IFLM's national application and scalability, they said. The suggestion that there are significant issues around the attribution of regeneration to management changes is "inaccurate and contrary to the weight of evidence", including several government reviews of the human-induced regeneration ACCU method, which expired on 30 September 2023, they noted. "From an IFLM taskforce perspective, there should be one regeneration activity module that is nationally applicable and based on a land condition framework," they added. By Juan Weik Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU MEPs reject urgency procedure for 2040 climate goal


09/07/25
09/07/25

EU MEPs reject urgency procedure for 2040 climate goal

Brussels, 9 July (Argus) — Members of the European Parliament (MEPs) today rejected a motion put forward by the centre-left S&D group yesterday to fast-track discussions on the EU's 2040 climate targets, after far-right group the Patriots for Europe was given the lead on these discussions. MEPs rejected the urgency procedure motion — which would have sped up discussions on the European Commission's proposal to cut greenhouse gas (GHG) emissions by 90pc by 2040 from 1990 levels — with 379 votes against and 300 in favour. Dutch Renew member Gerben-Jan Gerbrandy, in favour of the proposal, argued that an EU 2040 target will contribute to the success of Cop 30 UN climate talks in Belem, Brazil. "The proposal to amend the European climate law has only been tabled last week, which is very, very late," Gerbrandy said. The urgency procedure would have allowed for faster debate, amendments and votes at committee and plenary level, according to German S&D member Tiemo Wolken. He noted that parliament has previously used the procedure to change environmental and climate laws, and recently to amend the protected status of wolves. Wolken's S&D had signed the motion with the Greens and Left. Parliament's largest group, the centre-right EPP, did not support the motion. Dutch EPP member Jeroen Lenaers called for realism. "We're not voting today on the climate law. We are voting on which procedure we're going to use," he said. He sees no justification as the climate proposals were only recently put forward by commissioner Wopke Hoekstra. "We want to work alongside the council in a parallel process," Lenaers said. EU states and parliament will have to adopt the final legal text of any amendments to the bloc's 2021 climate law. The text currently contains an obligation for the EU to achieve climate neutrality by 2050 and an intermediate net GHG cut of at least 55pc by 2030, compared with 1990 levels. Austrian Green Lena Schilling said the EPP has opened the door for climate change deniers to further delay and undermine Europe's climate protection. "Right-wing extremist climate change deniers in powerful negotiating positions are a threat to the fight against the climate crisis," Schilling said. The Patriots group has been selected to choose one of its members to draw up and negotiate legal amendments following the commission's proposal. "The left's attempt to remove our influence on EU climate negotiations has been voted down," Danish member Anders Vistisen said. He called for a "realistic and responsible" climate policy rather than "[campaigner] Greta Thunberg rhetoric and climate nonsense". Vistisen also indicates that the commission's proposed 90pc GHG reduction is " not going to happen ". By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australian liquid fuels policy to free up ACCUs: CEFC


09/07/25
09/07/25

Australian liquid fuels policy to free up ACCUs: CEFC

Sydney, 9 July (Argus) — Annual demand for Australian Carbon Credit Units (ACCUs) could be reduced by as much as 7.5mn t of carbon dioxide equivalent (CO2e) by 2050 if Australia adopted policy changes to develop a low-carbon liquid fuels (LCLF) industry, according to a report this week. Encouraging companies to reduce direct scope 1 emissions through changes to the federal safeguard mechanism and/or voluntary adoption would drive the development of an Australian LCLF market and free up ACCUs for use in sectors that cannot achieve on-site decarbonisation due to technical challenges, state-owned green investment fund Clean Energy Finance (CEFC) said in a report authored by consultancy Deloitte . Under its central case scenario, which would involve constraining the use of carbon offsets, CEFC said that a 7bn litres/yr LCLF market could be created by 2050, abating up to 12mn t CO2e in 2040 and 20mn t CO2e in 2050 as a result. Annual ACCU demand across six sectors covered by the report — mining, aviation, rail, heavy freight, maritime, and construction — could be reduced by around 6.8mn t CO2e by 2050 in that case, to 2.4mn t CO2e/yr. Demand for ACCUs could reach as low as 1.7mn t CO2e by 2050 under an accelerated scenario, which would involve EU-style mandates for LCLF. Demand for ACCUs would be around 9.2mn t CO2e/yr under the base scenario, which assumes a market-led transition in which carbon prices remain low and LCLF demand is driven by a small group of customers willing to pay significant premiums to reduce their scope 3 emissions. 30pc cap under the safeguard mechanism The central case scenario assumes a hypothetical government intervention to cap the use of ACCUs under the safeguard mechanism at 30pc of the baseline for liquid fuel-related emissions. Currently, there is no limit to the number of ACCUs or safeguard mechanism credits (SMCs) that facilities can use to manage their excess emissions under the scheme, but those that surrender carbon units equivalent to 30pc or more of their baselines need to publish a statement explaining why they have not undertaken more on-site abatement activities . The central case scenario also assumes the removal of baseline adjustments for trade-exposed baseline-adjusted facilities . Adopting a minimum 70pc direct on-site decarbonisation would trigger a positive supply-side response, driving significant technology deployment and competition between pathways and feedstocks, the CEFC said. Stakeholders claim that the current safeguard mechanism and ACCU pricing are not enough to drive early LCLF uptake, the report said. Policy intervention is needed to accelerate the bridging of the cost gap between the LCLF production cost and the ACCU price, which is currently not expected to happen until the 2040s, the report said. A market-led transition, on the other hand, would lead to greater pressure on the ACCU market, with up to 7.35mn t CO2e of ACCUs needed to meet demand in 2035 and 15.5mn t CO2e in 2050. ACCU supply reached an all-time high of 18.78mn in 2024 and is forecast at 19mn-24mn for 2025 . But the industry needs to boost future issuances to address an expected shift in the supply-demand balance within a few years . By Juan Weik Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Paving Amazon road may spoil Brazil climate target


08/07/25
08/07/25

Paving Amazon road may spoil Brazil climate target

Sao Paulo, 8 July (Argus) — Brazil suspended the paving and reconstruction of the northern BR-319 highway, which would drive up deforestation and make it impossible for Brazil to meet its climate targets by 2050, according to the environment ministry. Reconstructing the highway would increased deforestation and generate 8bn metric tonnes (t) of CO2 by 2050, according to the environment ministry. This would run counter to Brazil's efforts to eliminate deforestation — both legal and illegal — by 2030, to meet its emissions reductions targets under the Paris climate agreement. A federal court decision from October 2024 allowed plans by former-president Jair Bolsonaro's administration to rebuild and pave BR-319 to move forward through a preliminary license. The federal court reassessed the case on 2 July, suspending the preliminary license for the second time. The first suspension dates back to July 2024, when a federal environmental court stopped the work under an argument of irreversible risks to the Amazon forest if the concession remained active. The 918km BR-319 connects the capitals northern Amazonia and Rondonia states, Manaus and Porto Velho, both in the Amazon forest biome. While the preliminary license was in force, deforestation around the highway more than doubled, including in conservation areas, Brazilian climate network Observatorio do Clima said. An increase in deforestation could cut water supply to large cities in the center-south and reduce agriculture and cattle raising by interfering in the rainfall pattern, according to the ministry. It also added that 95pc of Amazon's deforestation happens within 5.5km of highways. Brazil's environmental watchdog Ibama has strengthened its monitoring in the BR-319 to prevent deforestation and other illegal practices in the surrounded areas. Ibama agents have seized tractors and power generators near Tapaua city, in Amazonas, which were used to support illegal activities in the Amazon forest, such as wood extraction. Ibama also applied R8mn ($1.46mn) in environmental fines and blocked access to 1,600 hectares (ha) of deforested areas to fight ongoing illegal activities, it said today. By João Curi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU Parliament disputes 2040 climate file


08/07/25
08/07/25

EU Parliament disputes 2040 climate file

Brussels, 8 July (Argus) — The European parliament will vote tomorrow on whether or not to use an urgency procedure, proposed by a group led by centre-left S&D, in examining the legal proposals to set a 2040 climate target for the bloc, after far-right Patriots for Europe got to lead the talks on the goal. The discussions overshadowed EU climate commissioner Wopke Hoekstra's presentation of the proposal. A group including the centre-left S&D group, the Greens and the Left have put forward an urgency procedure to have more say in the 2040 discussions, after the far-right Patriots for Europe group has been given the task of leading the work on amending the bloc's climate law to set an EU-wide 2040 target. The commission's proposal involves a goal of reducing EU emissions by 90pc by 2040 from 1990 levels. The parliament's largest centre-right EPP group did not back the emergency procedure. "The Left, Renew and Green activists are trying to manipulate the process and seize control," said Anders Vistisen, a Danish member of the Patriots for Europe group. The urgency procedure would give greater powers in discussing the 2040 proposals to the chair of parliament's environment committee, Antonio Decaro, an Italian MEP from the centre-left S&D group. They'll probably need some EPP members," an official said. The Patriots group includes parties such as Hungary's Fidesz, France's Rassemblement National, Italy's Lega Nord and Spain's Vox. Vistisen said the Patriots group completely rejects the "unrealistic and ideological" commission approach. "The commission wants to push through a 90pc reduction. We're making it clear — that's not going to happen." Former environment committee chair Pascal Canfin now expects greater co-operation between "pro-European" groups. "It will force the pro-European groups to work together to carry this key proposal to an agreement before the [UN climate conference] Cop 30 in Belem," said Canfin, a French liberal. The dispute overshadowed Hoekstra's presentation of the 2040 proposals to parliament. "What we do need, particularly for these type of policies, are solid majorities. And yes, sometimes that takes more time than you anticipate beforehand," Hoekstra said. Speaking for the EPP, Lidia Pereira called for flexibility and warned against de-industrialisation. "More important than setting a numerical target is making sure we stay on the right course," Pereira said. The commission's proposal includes several possible "flexibilities" for the target, including allowing a "limited" contribution of international carbon credits issued under Article 6 of the Paris climate agreement to count towards the goal from 2036, and the use of domestic permanent carbon removals in the EU emissions trading system. "The proposals for flexibility are just green colonialism. It will help rich countries such as the Netherlands or Germany, large multinational corporations and poor countries and small companies will pay," said Alexandr Vondra, Czech member of the conservative ECR group. German S&D member Tiemo Wolken criticised the commission for coming forward with a 2040 proposal "weeks" before international climate talks in Belem, Brazil. "There's not enough time in the European Parliament and in the council to discuss it," said Wolken. The summit is scheduled for November. "The 2040 climate now is in the hands of the far right, the people who deny the climate crisis," said Austrian Green Lena Schilling, noting the importance of the urgency procedure to save the target. "We don't need 85pc, not 87pc — minimum 90pc," Schilling said. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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