Non-EU countries lack funding to produce biodiversity indicators, UNEP survey shows
Many non-EU countries lack resources to produce the biodiversity indicators required under the Kunming-Montreal Global Biodiversity Framework (GBF), a survey by the UN Environment Programme (UNEP) has shown.
Read MoreKorean port authority teams up with US non-profit to decarbonise shipping sector
One of the largest industrial ports in South Korea has teamed up with a California-based environmental organisation to drive down emissions in the international shipping sector.
Read MoreSBTi Scope 3 decision could create a $1.1 trillion carbon market -BNEF
Annual demand for high quality carbon credits under the Science-based Target initiative’s (SBTi) proposed new Scope 3 emissions offsetting rules could reach 5.9 billion tonnes, according to analysts, despite the significant uncertainty caused by the backlash in the wake of the announced changes.
Read MorePrivate investment and low cost finance critical in supporting emerging nations’ net zero transitions -panel
Finance ministries’ roles in developing a robust policy framework to provide necessary incentives for the private sector to support net zero transitions, coupled with low cost lending, will play a crucial role in assisting emerging nations’ climate goals, experts emphasised at a panel discussion Tuesday.
Read MoreCORRECTION – ANALYSIS: Environmental, economic interests converge in US federal CBAM bills
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Read MoreVerra announces VCS updates to support CORSIA, CCP eligibility
Verra released Tuesday what it called “minor” updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.
Read MoreBezos Earth Fund to award $100 mln for AI-based climate solutions
US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.
Read MoreGlobal commodities firm deploys real time emissions reporting tech on LNG carrier
A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm’s technology for real time measurement and reporting of GHG emissions, the companies said Monday.
Read MoreCCUS investments may dampen profitability, if cheaper clean alternatives are available -report
Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody’s.
Read MoreBetter VCM data can help companies reach climate goals, experts say
An increasing availability of better-quality data in the carbon market is already helping companies get closer to neutrality, experts at IETA’s annual European Climate Summit in Florence said on Tuesday.
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