Climate damages have been underpriced within financial system, finds paper
Climate damages have been systematically underpriced within the global financial system, leading to a severe underestimation of the economic impact of global warming, according to a new paper presented Friday.
Read MoreGhana biochar producer receives finance to launch carbon removal project
A Ghana-based producer of biochar from coconut husks has received investment from a development finance institution to expand its business and to launch a carbon removal project in West Africa.
Read MoreCOP29 at risk due to pro-fossil fuel agenda and corruption, global NGO says
Hopes of tangible progress at the approaching UN climate summit COP29 in Baku, Azerbaijan, are at risk of being quashed by pro-fossil fuel interests and signs of government corruption, according to a report by Transparency International (TI) released Thursday.
Read MoreBRIEFING: Strong climate finance outcome is possible at COP29, experts say
A strong outcome for a new global climate finance goal is possible at COP29 in Baku, with negotiators coalescing around the scale of finance required, though the nitty gritty of where that capital should come from and which countries should contribute is still up in the air, experts said on Wednesday.
Read MoreINTERVIEW: Former timber operator says carbon revenues rival those of logging in Peru
Revenues from the voluntary carbon market are just as good as those from logging in the Peruvian Amazon, according to a company that has transitioned from timber operations to selling carbon credits.
Read MoreEU fishing policy limits on vessel weight and power are no hindrance to low-carbon transition -report
Limits on vessel weight and power under the EU’s Common Fisheries Policy (CFP) pose no obstacle to transitioning the EU fishing fleet to energy-efficient and low-carbon propulsion technologies, according to a new report by a non-profit.
Read MoreINTERVIEW: Oil and gas player taps geothermal to decarbonise UK heating
The geothermal energy deep beneath UK soil offers a huge, untapped opportunity to decarbonise the country’s heating, according to an oil and gas company developing opportunities in the sector.
Read MoreBRIEFING: Experts advocate for open carbon removal frameworks, too soon to call winners
The overarching frameworks for carbon removals should be as inclusive as possible, even if governments choose to prioritise methods suited to their national circumstances, while different funding streams are needed to match different technology readiness levels (TRL), said experts on a webinar Thursday.
Read MoreOcean-based carbon removals provider signs agreement with tech giant
A provider of ocean-based carbon removals has signed an agreement with a tech giant to provide carbon removals over the next 10 years.
Read MoreNetherlands unlikely to hit 55% emissions reduction target by 2030, extra policy needed fast
The Netherlands is “extremely unlikely” to reach the legal climate goal of a 55% reduction in greenhouse gas emissions by 2030 under current or scheduled policy, and will need additional policy fast to bring the climate goal for 2030 back in sight, according to the country’s environmental assessment agency.
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