FEATURE: The €1 trillion question – How to bridge the EU’s climate investment gap
When the new European Commission takes office later this year, it will have a tricky question to answer – how to find €1.5 trillion per year to finance the EU’s net-zero transition. As EU governments tighten their belts, revenues from carbon trading could provide a much-needed source of income, experts say.
Read MoreOver 200 investors back initiative to drive corporate engagement on biodiversity loss
A group of 204 investors have joined forces to back an initiative on nature stewardship, seeking to pressure 60 companies to improve biodiversity-related risk management and help shape better environmental policies.
Read MoreScientific body backs forest conservation and restoration in report funded by Verra
Forest conservation and restoration “have a solid scientific basis for mitigation in which we should have full confidence”, according to a group of leading scientists in a new report funded by Verra.
Read MoreUkrainian group calls for force majeure relief from CBAM fees
Ukrainian industries risk incurring financial losses from the EU’s Carbon Border Adjustment Mechanism (CBAM), unless the two sides can quickly agree to recognise a ‘force majeure’ and exempt the war-torn country from incoming carbon fees, according to a Ukrainian think-tank.
Read MoreBRIEFING: Article 6 deals could help to close the climate finance gap, expert says
The voluntary market is inherently limited in its ability to deliver large-scale carbon reductions, so policies should focus on the Paris Agreement’s Article 6, as well as compliance markets, to drive market growth, a prominent academic said at an event in London.
Read MoreEuro Markets: Midday Update
After making early gains in line with natural gas, European carbon prices broke away and fell back to reach midday nearly unchanged, even as weekly position data showed investment funds had reduced length for a fourth consecutive week and UK Allowance prices continued to rally after last week’s profit taking.
Read MoreSaving the world’s most threatened species through expanded protected areas less costly than expected, study says
Expanding protected areas (PAs) to include 1.2% of the world’s terrestrial surface would help save the most threatened species from extinction at a lower cost than expected, a paper has said.
Read MoreChina to launch national issuance and trading system for domestic green certificates
A national system for the issuance and trading of China’s Green Electricity Certificates (GECs) will be officially launched at the end of this week to underpin the development of the renewable sector, though the linkage between the GEC scheme and the national carbon market remains unclear.
Read MoreJapanese developer, Filippino biochar producer partner to generate credits across Southeast Asia
A Tokyo-based project developer has teamed up with a biochar producer in the Philippines to generate carbon credits across the Southeast Asian region, it announced Wednesday.
Read MoreCanada launches C$335 mln fund to support Indigenous-led marine conservation
Canada’s federal government announced on Tuesday a C$335 million ($245 mln) allocation in blended finance to support First Nations in the preservation and stewardship of the Great Bear Rainforest’s marine and coastal environment.
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