HSBC delays climate target to avoid relying on offsets
HSBC has delayed its target to achieve net zero emissions across its operations, business travel, and supply chain to 2050, the bank said on Wednesday, pushing back its original 2030 deadline by two decades.
Read MoreCarbon market veteran debuts app for individual investors
A carbon market veteran on Tuesday launched a new mobile app that will allow retail investors to participate in what has historically been a corporate-dominated market.
Read MoreRenewable energy holds carbon credit potential for Pakistan -think tank
Pakistan could earn up to $43 million annually from carbon credits through renewable energy projects, according to a think tank, even as this source of units appears to be running out of steam.
Read MoreBRIEFING: Indonesia’s ETS is expanding, but multiple handbrakes are holding it back, experts say
Indonesia’s power sector emissions trading scheme (ETS) entered its second phase at the beginning of this year, however multiple policy and regulatory issues mean it has yet to be an effective tool for emissions reductions, according to experts.
Read MoreChina’s HFC emissions surge, threaten climate targets, says study
China’s emissions from greenhouse gases used in cooling and refrigeration have skyrocketed since 2005, and now equal emissions from more than 500 natural gas-fired power plants in a single year, according to a new research.
Read MoreCarbon-rich peatlands are severely underprotected, study finds
Only 17% of the world’s peatlands are protected despite storing more carbon than all the world’s forests combined, a study released Thursday has found.
Read MoreASEAN faces limited impact from EU CBAM, but future risks loom -study
The EU Carbon Border Adjustment Mechanism (CBAM) will have minimal immediate economic impact on Southeast Asia in the short term, but that might change in time and the scheme offers an opportunity to nations in the region to scale up their carbon pricing systems, according to new research.
Read MoreCarbon developer raises $160 mln for US forest projects
A New York-based carbon project developer has secured $160 million in a Series B funding to expand the US projects it uses to generate afforestation, reforestation, and revegetation (ARR) credits, the company said on Wednesday.
Read MoreHoneywell partners with Indian startup to develop sustainable aviation fuel
US industrial giant Honeywell on Tuesday partnered with an India-based startup to explore the production of sustainable aviation fuel (SAF), aiming to help airlines meet their CORSIA emissions requirements.
Read MoreSingapore, Marshall Islands submit NDCs by original deadline
Singapore and Marshall Islands on Monday announced their 2035 Nationally Determined Contributions (NDCs) under the Paris Agreement in time for original deadline – now pushed back to September as only a handful of nations made the early February goal.
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