INTERVIEW: Tech company works with Amazon to leverage data centre waste for carbon removals
A tech company is developing its carbon removal technology in partnership with Amazon Web Services (AWS), enabling data centres to capture CO2 from waste heat and air flows.
Read MoreGlobal climate fund assets rise to $572 bln in 2024, record first outflows -report
Mutual funds and ETFs with climate-related mandates rose to $572 billion in value through the first nine months of 2024, but also recorded their first outflows since 2018 of almost $24 bln this year, according to a report published by a research firm.
Read MoreExpert cautions against re-enrollment of forest offset project under California compliance programme
A now-terminated California forest offset project seeks re-enrollment under the state’s compliance programme, but concerns around additionality and the high-risk nature of the project warrant closer consideration by state regulators, a researcher said.
Read MoreARB bi-weekly offset issuance picks up, majority DEBs-tagged
Nearly 80% of California regulator ARB’s latest issuance of compliance-eligible offsets were marked with direct environmental benefits (DEBs) to the state, as volumes picked up during the recent two-week period, agency data released Wednesday showed.
Read MoreCOP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.
Read MoreCOP29: Countries clinch Article 6 deal in momentous win for international carbon markets
Negotiators from nearly 200 countries have reached a historic agreement on international carbon markets at COP29, in a decision that finally concludes the rules governing the trading and crediting of mitigation outcomes under Article 6 of the Paris Agreement.
Read MoreCOP29: New climate finance goal proposal offers $250 bln by 2035
A new climate finance goal of $250 billion by 2035 was proposed in a draft presidency text published on Friday at COP29, falling well below the $1.3 trillion figure requested by developing nations, while provisions that would encourage carbon markets were deleted.
Read MoreCOP29: UK commits over £200 mln to support international forest carbon markets
The UK has pledged to commit £239 million in funding to support forest-rich nations worldwide conserve nature and biodiversity through the development of voluntary carbon markets, the government announced on the sidelines of COP29 on Friday.
Read MoreCOP29: ‘Empty place-holder’ – Countries under pressure to set climate finance goal, amid worry and dismay
The COP29 global climate summit enters its last day on Friday amid widespread frustration surrounding negotiations over a new global climate finance target, as a headline sum is yet to emerge.
Read MoreCOP29: Govts spotlight efforts to minimise pass-through costs of carbon pricing
Countries with domestic carbon pricing efforts emphasised the specific policy design mechanisms needed to minimise pass-through costs to end consumers, government officials told an event on the sidelines of COP29.
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