UK announces measures to support energy independence, shortlist for nuclear SMR expansion
UK energy minister Claire Coutinho announced Monday a shortlist of companies selected to build small-scale nuclear reactors in the country, alongside measures to boost rooftop solar expansion and energy efficiency investment, as she emphasised energy security and job creation in a speech to her party.
Read MoreMozambique to place community benefits at heart of new carbon regulatory framework -report
Mozambique will prioritise community benefits and greater clarity for carbon credit buyers when drafting comprehensive regulations to support the development of offset projects in the country, the country’s environment minister was reported as saying Thursday, as it readies almost 50 million units for the market.
Read MoreINTERVIEW: Photosynthesis-enhanced trees shown to grow faster, decompose slower, says startup
Trees enhanced for photosynthesis using bioengineering have been shown to accelerate the rate of carbon capture and slow the rate of decomposition, in addition to improved soil quality through more below-ground biomass and potential for greater resilience to high temperatures and drought, according to a California-based startup.
Read MoreFossil fuel firms, carmakers account for vast majority of carbon credits bought by companies with climate targets
Fossil fuel companies and carmakers account for the highest proportion of carbon credit purchases among the world’s top 50 firms with net zero targets, though only 8% of the units purchased by that cohort were from CO2 removal projects, according an analysis released Thursday.
Read MoreAdvisory firm beefs up platform to aid carbon credit investors
A carbon markets advisory firm has launched upgrades to its carbon risk platform, adding carbon project scrutiny, delivery risk, and secondary market price mapping tools as corporates have grown more wary about the types of units they buy.
Read MoreUK saltmarsh code is gaining pace, with aim for first launch end of 2024 -conference
Development of the UK Saltmarsh Carbon Code is being accelerated, with a first pilot version expected in late-2024, as experts come together to reach consensus around how to measure and validate the carbon sequestration rate of different saltmarsh ecosystems, a conference heard on Tuesday.
Read MoreExperienced European sustainability leaders more willing than newbies to pay more for high-integrity carbon credits -survey
Experienced European corporate sustainability leaders would be willing to pay as much as 82% more for high-integrity carbon credits due to an understanding of the benefits they bring over low-quality units, according to a survey published on Thursday by a carbon credit marketplace.
Read MoreINTERVIEW: Credit buyers can receive financial returns as well as offsets when investing in first VCM-designated forestry fund
Companies are being offered the prospect of both meeting their emissions reduction obligations and receiving a financial return by investing in the first company to receive the London Stock Exchange Group (LSEG)’s voluntary carbon market designation, according to the co-founder of the exchange company’s first listed natural capital and forestry fund.
Read MoreLeading DAC developer eyes Kenya’s Great Rift Valley for scale-up
Kenya’s Great Rift Valley holds strong potential for scaling up direct air capture (DAC) projects thanks to its abundant low-energy sources and geological resources for storing carbon, according to a partnership of project developers eyeing up the region for the development of large-scale DAC projects.
Read MoreFortune Global 500 companies reporting yearly emissions reductions draw in higher profits than those who don’t, says study
Companies reporting year-on-year emissions reductions earn on average nearly $1 billion more in profits than their peers who don’t, while companies with an emissions reduction target of 2030 or sooner also perform better in curbing their operational emissions, according to an annual study to assess the climate commitments of Fortune Global 500 companies.
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