IMF climate strategy faces scrutiny over decarbonisation advice, lending design
The International Monetary Fund (IMF)’s climate work has helped countries integrate transition risks into economic policy, but its decarbonisation advice and lending framework need sharper tailoring as members weigh carbon pricing, fiscal constraints, and green investment needs, according to a new independent evaluation.
Read MoreOcean advocates, scientists press COP31 hosts to make next climate summit a “Blue COP”
More than 150 scientists, policymakers and public figures have urged the incoming COP31 presidencies of Turkiye and Australia to make next year’s UN climate summit a “Blue COP”, calling for ocean issues to be written into the formal negotiations and backed by finance outcomes.
Read MoreBRIEFING: California CCUS, CDR rulemaking split over scope, liability, and market role
California’s proposed carbon capture, utilisation, and storage (CCUS) and removal (CDR) regulations have drawn competing calls for broader project eligibility, tighter definitions, stronger community safeguards, and lighter-touch treatment of federally regulated geologic storage, according to public comments submitted to state regulator ARB.
Read MoreClimate Litigation Roundup: International community stands firm on climate obligations as domestic pushback grows
The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.
Read MoreUS DOE selects West Virginia coal and CCS project for $18.5 mln grant
A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development.
Read MoreNew York legislature passes data centre moratorium bill as power demand tests grid, climate goals
New York lawmakers passed a bill that would impose a one-year moratorium on permits for large data centres, require larger facilities to source increasing shares of electricity from renewable energy, and direct utilities to shield other customers from costs linked to serving the sector.
Read MoreSupply chain, financing pressures keep corporate carbon accounting in play despite broader ESG pullback -panellists
Companies are continuing to use GHG accounting to guide investment, procurement, and emissions reduction decisions despite a more uncertain North American disclosure landscape, as climate risk, financing needs, customer demands, and supply chain pressure keep emissions data on the corporate agenda, panellists said on Thursday.
Read MoreNatural forest expansion sequesters more carbon than secondary forests in tropics -study
Natural forest expansion across the moist tropics has sequestered more above-ground carbon than secondary forests, but the sink remains far smaller than emissions from tropical forest loss, according to a new study.
Read MoreOcean finance has risen sharply but remains far below levels needed for climate and conservation goals -analysis
Ocean finance has grown over the past decade, but funding remains concentrated outside some of the sectors most directly tied to decarbonisation and climate resilience, according to a new analysis.
Read MoreUS Northeast states sue Trump administration over $795 mln offshore wind lease cancellation
A coalition of seven states in the US Northeast sued the Trump administration on Tuesday over a deal to cancel an offshore wind lease in the New York Bight, arguing the agreement unlawfully redirects a major power project into fossil fuel investment and undermines state energy planning.
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