UN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
Read MoreGlobal ocean summit draws $10 bln for marine conservation amid calls for reinforcing legislations
Commitments made at an international ocean conference in Athens have sparked optimism for the future of marine conservation, though concerns remain over the effective implementation of the laws against illegal activities, conservationists have said.
Read MoreAgri carbon taxes worldwide could inspire an EU ETS3 — with caveats, experts say
Regulatory measures on agricultural emissions, from New Zealand to South Africa, could serve as inspiration for policymakers in Brussels as the EU considers if and how to include the sector in its next ETS revision — although some clauses may apply, according to speakers at the IETA European Climate Summit.
Read MoreClimate change driving a 19% global income reduction in ‘best-case’ scenario -report
The global economy is already committed to an income reduction of 19% until 2050 due to climate change, even if CO2 emissions were to be drastically cut starting from today, according to a study published in the journal Nature on Wednesday.
Read MoreCalifornia and Norway sign MoU collaborating on renewable energy, decarbonisation
The Memorandum of Understanding (MoU) between California and Norway signed Tuesday, establishes a framework of voluntary cooperation on areas including clean energy, zero-emission transportation and ports, carbon removal, and climate-smart agriculture.
Read MoreEU carbon market diplomacy task force to focus on Article 6, VCM
The European Commission will prioritise Article 6 and voluntary markets as part of its international outreach efforts, in addition to compliance carbon markets, a senior EU official said on Wednesday.
Read MoreCorporations still paying a premium for highly rated nature-based credits, research finds ahead of CCP arrival
Corporations are still paying a premium for higher rated nature-based carbon credits, according to research by a rating agency ahead of the emergence of the first credits earning the ICVCM’s Core Carbon Principle (CCP) stamp of high integrity.
Read MoreCCS won’t solve steel emissions -report
Carbon capture and storage has been passed by for better technologies to decarbonise the steel sector, according to analysis released this week.
Read MoreNorthwest Europe needs to stimulate more demand to meet hydrogen targets, IEA says
A major scale-up in investment and policy support is required for Northwest Europe to meet its hydrogen targets, the International Energy Agency (IEA) said in a report published on Wednesday.
Read MoreINTERVIEW: Market-moving deals in the voluntary carbon market seek insurance
A recent entrant to the carbon insurance market is looking to meet demand from potentially “very big investments” in projects that would meaningfully move the market, but may need to corral capital from fellow insurers to support it.
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