UN overseers to meet this month to ready global carbon market mechanism
The Supervisory Body of the UN’s new centralised market mechanism is due to meet later this month to set a path to getting the programme up-and-running by the end of next year.
Read MoreCOP host Egypt releases beefed-up Paris Agreement pledge
This year’s COP UN climate talks host Egypt has unveiled an updated NDC, setting an emissions goal that would still see its GHG output rise by 2030, a move that still represents a scale-up on its initial target-free pledge.
Read MoreCanadian registry project gets low grading in ratings firm’s latest
A Canadian waste management project developed with Bluesource was given a low grading by an offset ratings firm this week, with three other activities also awarded ratings for the first time.
Read MoreFirms strike blue hydrogen partnership to bolster UK CCS project
Chemicals firm Air Products has signed a deal with Vitol’s UK power generator VPI to develop the ‘H3’ Humber Hydrogen Hub, an 800 MW blue hydrogen production facility in Immingham.
Read MoreNew voluntary offset contract offered to retail customers in bid for wider take-up
The GER standardised voluntary carbon contract is being offered to individuals in smaller clips and initially at cost, its backers said on Wednesday, three weeks after launching to corporate buyers.
Read MoreVaro sets 2040 full-scope net zero goal, aims to scale up nature-based removals
Swiss-based fuel supplier Varo Energy announced on Tuesday a plan to reach net zero emissions by 2040 via a strategy that will plough most of its earnings into clean energy while acquiring carbon removals via its experience-laden intermediary business.
Read MoreCampaigners in tropical forested nations take aim at illegal logging
NGOs in eight heavily forested tropical countries on Monday launched a mapping system aiming to crack down on illegal logging as a low-cost alternative to REDD projects, as another nation has banned all timber exports and a further country has put a block on the voluntary carbon market.
Read MoreKenya strikes deal with AirCarbon to set up carbon exchange
AirCarbon Exchange (ACX) has signed an MOU with the newly-launched Nairobi International Financial Centre (NIFC) to start a carbon exchange in Kenya as a basis for attracting low-carbon finance to East Africa.
Read MoreNetherlands to expand energy-curb orders to EU ETS-covered firms
The Netherlands is to expand its mandatory energy efficiency measures to EU ETS-covered firms from 2023, the government said on Monday, deepening its efforts to cut emissions and end reliance on Russian fossil fuels.
Read MoreMiner Anglo American invests in African waste firm Sanergy, eyeing carbon credits
Diversified miner Anglo American has agreed to lead the latest investment round of Sanergy, an organic waste business with operations in Kenya that is eyeing carbon finance to help generate high value agriculture and energy products.
Read More