- Thu 14:09The Global Reporting Initiative (GRI) has released two newly revised standards on climate and energy that companies can use to disclose on topics including emissions reductions, greenhouse gas removals, and carbon credits.
- Thu 13:50Methane satellites - South Korean aerospace company Nara Space is developing NarSha, a methane-dedicated nanosatellite constellation, that can provide global coverage and detect emissions as small as 100 kg/hour, according to an article published by the World Economic Forum. The precision makes it possible to detect methane plumes, and to attribute emissions to specific sources, from remote energy fields to dense urban areas. This can enable faster policy responses, targeted mitigation strategies, and enforcement grounded in variable evidence.
- Thu 13:05Article 6, intended to enhance climate ambition through international cooperation via carbon credit trading, is at risk of becoming a loophole that enables countries to delay domestic mitigation instead of increasing it, according to a new report from a non-profit.
- Thu 12:09A climate fund has selected the winners of a carbon removal (CDR) financing competition after whittling down huge field of 280 applications to just 18 successful startups.
- Thu 10:34Local action - More than 13,700 cities and regions are planning and delivering climate strategies that support the Paris Agreement, working through the Global Covenant of Mayors for Climate and Energy and the Under2 Coalition, according to a report looking at local action over the past decade. Commitments from a group of cities in the 75 countries that support the Coalition for High Ambition Multilevel Partnership (CHAMP) would be able to close 37% of the gap between current NDCs and a Paris-aligned emissions reduction trajectory. Local action is accelerating the rollout of clean transport, nature-based solutions, and waste management, among others.
- Thu 10:27Over-crediting risk and lack of policy guidance are among the issues weighing on South Korean investors' interest in exploring international emissions reduction projects, an event heard this week.
- Thu 10:24Norway has outlined a target to reduce greenhouse gas emissions by at least 70-75% by 2035 compared to 1990 levels in its latest Nationally Determined Contribution (NDC) to the Paris Agreement, also hinting at potential Article 6 use.
- Thu 10:00A range of new carbon pricing and border leakage systems being introduced around the world could create trade frictions and raise compliance costs for businesses if they are not efficiently linked together, according to a report from a trade body.
- Thu 09:03Verra is seeking views on its plans to allow project developers to manage their risks with insurance, and to widen its list of countries eligible for renewable energy projects – as part of a new consultation on its updated carbon standard, the organisation’s CEO said in an interview.
- Thu 07:00A group of Australian financial institutions, businesses, and environmental organisations has urged the government to put nature-based solutions at the centre of the COP31 agenda, as the country is seen as a front-runner to host the UN climate summit next year.
- Thu 05:33A carbon market policy expert has warned that the New Zealand government may not be able to claim its ETS is aligned with its Paris Agreement goals for much longer if it continues to stall on buying overseas credits.
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