Finnish report flags gaps in EU law on domestic offsetting
EU nations lack the legal means to apply corresponding adjustments for carbon projects on their territories, a report commissioned by the Finnish government pointed out on Friday, complicating matters for companies seeking to buy carbon credits across the bloc.
Read MorePlatform offers 9 mln national-scale carbon units, bigger volumes loom
Some nine million national-scale deforestation reduction credits have again been made available to the voluntary carbon market this week, with initial buying limited but far greater potential volumes promised within weeks.
Read MoreMyanmar mangrove project completes initial planting
A blue carbon offset project in Myanmar has planted 1,500 hectares of mangrove forest to complete its first development stage, its backers said in an update on Wednesday.
Read MoreCoalition seeks to add to Core Carbon Principles, as another standard hits back
The ICVCM’s carbon credit standard-setting process should add more safeguards for host communities, ban oil firms from trading and offsetting the units while ensuring they are all correspondingly adjusted, a cross-stakeholder coalition said on Wednesday.
Read MoreInitiative maps out $7 trillion global nature market in protection effort
A global cross-stakeholder body has set out guidance aiming to shape nature markets that it says eventually could be worth nearly 9% of global GDP, and including initiatives such as voluntary carbon credits, conservation, soft commodities and nature-based solutions for carbon sequestration.
Read MoreMore than a third of Fortune 500 firms yet to make significant climate pledge -study
Some 37% of companies listed in the Fortune Global 500 share index have yet to make any significant climate commitment amid signs of waning ambition, according to an annual study released on Wednesday.
Read MoreResearchers urge EU to lift 2030 emissions goal to a ‘Paris-compatible’ 63-73% cut
The EU should aim to reach net zero emissions by 2045 at the latest – five years earlier than its current goal – to have a shot of remaining within a Paris Agreement-aligned 1.5 C warming scenario this century, researchers said in a report this week as officials prepare to increase the bloc’s collective pledge.
Read MoreAirline leasing firm invests in offsets to help clients meet climate obligations
The world’s second largest aircraft leasing firm will start offering its airline customers carbon credits in its leasing contracts and plans an initial $53.3 million investment to source carbon credits from cookstove projects.
Read MoreInsurance broker Aon partners with nature project developer to help ease risks
Aon on Tuesday announced plans to become the first major insurance provider to partner with a project developer to help de-risk nature-based projects vulnerable to fire and other perils.
Read MoreEU plans to raise its NDC amid policy-tightening -media
The EU plans to increase the ambition of its nationally-determined contribution (NDC) to the UN Paris Agreement by a “few percentage points” in light of its ongoing work to strengthen domestic climate policies, Reuters reported on Monday, citing a draft document.
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