SMEs could tap into $789 bln of green finance if key barriers removed -report

Published 07:00 on November 18, 2024  /  Last updated at 14:47 on November 15, 2024  / /  EMEA, EU ETS, International, UK ETS, Voluntary

Small- and medium-sized businesses (SMEs) could unlock a $789 billion green finance opportunity if barriers in reporting, data accessibility, and implementation costs are addressed, according to a new report revealed at COP29 on Monday.

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COP29: Russia, Ethiopia partner on low-carbon development initiatives

Published 13:00 on November 15, 2024  /  Last updated at 13:00 on November 15, 2024  / /  Africa, EMEA, Voluntary

BRICS members Russia and Ethiopia signed a memorandum of understanding (MoU) on low-carbon development at COP29 in Baku, local media reported on Thursday.

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UK REDD+ project developer launches insurance product for its carbon credits

Published 11:13 on November 15, 2024  /  Last updated at 11:13 on November 15, 2024  / /  EMEA, Voluntary

A London-based jurisdictional REDD+ (JREDD+) project developer has introduced a new insurance feature for its carbon credits, the organisation announced on Thursday.

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COP29: Russian petrochemical company to offset carbon footprint of country’s Baku delegation

Published 08:56 on November 15, 2024  /  Last updated at 08:56 on November 15, 2024  / /  EMEA, Voluntary

A Russian petrochemical company plans to offset the carbon footprint of the country’s delegation attending COP29 in Baku, the firm announced on Thursday.

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Startup aims to tackle emission reporting gaps ahead of UK fleet disclosure rules

Published 07:27 on November 15, 2024  /  Last updated at 07:27 on November 15, 2024  / /  EMEA, UK ETS

A new AI-powered technology could help UK companies measure and reduce emissions from electric vehicle charging, as they face stricter reporting obligations under the upcoming UK Sustainability Disclosure Requirements (SDR).

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COP29: BRIEFING – Global coal phaseout requires targeted finance and agreement on timelines, experts say

Published 07:27 on November 15, 2024  /  Last updated at 08:18 on November 15, 2024  / /  Africa, Asia Pacific, EMEA, International, Other APAC, Paris Article 6, Voluntary

The coal transition requires targeted finance, with challenges in balancing investor expectations and supporting coal-dependent regions, experts said at COP29.

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Emerging markets lag in low-carbon investment despite $2.3 trillion energy boost -report

Published 15:44 on November 14, 2024  /  Last updated at 16:02 on November 14, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International

Low- and middle-income economies invested $2.3 trillion in their energy systems last year, yet only 14% of that spending outside China went towards low-carbon solutions, a new report has found.

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Latvia’s emission allowance funds mismanaged, state audit finds

Published 11:44 on November 14, 2024  /  Last updated at 11:44 on November 14, 2024  / /  EMEA, EU ETS

Latvia is failing to use its emission allowance funds cost-effectively, and available funding is not being used, according to a state audit released on Wednesday.

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London-based ERW developer partners with car marketplace on carbon removal

Published 09:45 on November 14, 2024  /  Last updated at 09:45 on November 14, 2024  / /  EMEA, Voluntary

A UK carbon removal (CDR) developer has partnered with the country’s largest automotive platform to support enhanced rock weathering (ERW) projects, the two companies announced this week.

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Top firms see climate opportunities near $5 trillion, more than double previous estimates

Published 09:53 on November 13, 2024  /  Last updated at 09:57 on November 13, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

The world’s leading companies are eyeing nearly $5 trillion in potential gains from climate action, more than doubling since 2018, according to analysis released Wednesday.

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