Carney climate finance group lowers bar on membership after US banks threat to quit
The Glasgow Financial Alliance for Net Zero (GFANZ) climate finance coalition will no longer require its sub-alliances to be members of a group that had at one stage aimed to impose limits on fossil fuel finance.
Read MoreAnalysts expect primary VCM market value to lift by a fifth in 2022 to $1.2 bln
The value of the primary voluntary carbon market (VCM) is expected to increase 20% in 2022 to $1.2 billion as a year-on-year increase in credit prices outweighs a dip in retirement volumes.
Read MoreGold Standard to launch framework for climate adaptation projects
Certifier Gold Standard aims to develop a new framework to help design and develop climate adaptation projects, aiming to spur funding for an area that has historically struggled to attract as much funding as mitigation.
Read MoreMultilateral fund allocates $1 bln for coal shift in South Africa, Indonesia
Climate Investment Funds said on Thursday that it will earmark $1 billion to help South Africa and Indonesia transition away from coal-fired power in the latest financing effort for emerging economies.
Read MoreJoint venture issues major call for carbon offset project development
One of the world’s biggest car manufacturers has teamed up with a leading carbon solutions provider to join the voluntary carbon market, opening a major call for submissions to develop offset projects and to buy credits from existing ones.
Read MoreEU nations spent 76% of ETS auction revenues on climate, energy in 2021 -report
EU member states reported that they used 76% of their 2021 ETS auction revenues for climate and energy purposes, the European Commission said in a report published on Wednesday detailing the bloc’s progress on climate policy over the past year.
Read MoreEU ministers tee up further talks on gas price cap after initial debate
EU energy ministers discussed the merits of a bloc-wide gas price cap on Tuesday, agreeing to meet again later next month to decide on a measure aimed at blunting the impact of sky-high prices ahead of winter.
Read MoreGermany to buy intergovernmental EU carbon units to cover missed non-ETS targets
Germany has struck deals with three other EU nations to buy intergovernmental EU carbon units to cover its shortfall in meeting its non-ETS emissions obligations built up over 2013-20, the government said on Monday.
Read MoreSwitzerland completes transfers to ensure a third of UN Kyoto emissions goal met with offsets
Switzerland has received more than 20 million UN-backed carbon credits that the government will use to cover its 2013-2020 emissions target under the UN Kyoto Protocol, the transferring body confirmed on Monday.
Read MoreVCM Report: Key VER contracts sink to year lows amid economic gloom
Standardised voluntary emissions reduction (VER) prices lost as much as a fifth of their value over the past week, amid ever-growing concerns that companies would put offset buying on the back burner as they grapple with major macro-economic woes.
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