Global consultancy says rising carbon offsetting costs pose risk to UK businesses
The cost of corporate carbon offsetting could double by the end of the decade and increase by a factor of thousands under a mid-century carbon removal scenario posing risks to UK businesses striving to meet net zero commitments, according to analysis published on Tuesday by a major global consultancy.
Read MoreOpen-source carbon credit metadata system unveils prototype
The detailed prototype of an open-source metadata system was unveiled this week, demonstrating how users will be able to more easily navigate carbon markets on a single platform, with data collected from across the diverse landscape of carbon registries.
Read MoreGlobal fintech company announces multi-million climate impact contribution
A global fintech company on Wednesday announced its latest contribution of $2.35 million towards climate change solutions, with the money collected from an internal carbon tax that it prefers over an offsetting model for its voluntary climate action.
Read MoreNational Geographic lifts anchor on five-year Pacific Ocean conservation expedition
A five-year ocean expedition set sail on Wednesday under National Geographic Pristine Seas that will see a team of international experts promote ocean protection in the tropical Pacific, providing video links to underwater landscapes and supporting local conservation efforts.
Read MorePer-tonne CO2 payments can broaden from “projects” to “policies” -report
Most carbon credits and results-based payments hinge on individual emissions mitigation projects, but methodologies exist to extend this model to government-run climate policies, where payments linked to the latter would help accelerate these types of broad-reaching climate actions.
Read MoreGlobal energy company signs MoU with Vietnam on agri-feedstock, carbon credits
A global energy company on Tuesday signed an MoU on with the Vietnam Ministry of Agriculture and Rural Development (MARD), aiming to cooperate on agri-feedstock and nature-based carbon credits.
Read MoreVCMI aims to bolster government carbon credit regulatory efforts
The Voluntary Carbon Market Integrity initiative (VCMI) aims to lend a helping hand to governments as they accelerate market regulation, with the group providing advice to support both host countries in VCM oversight, as well as buyer countries in claims requirements.
Read MoreEU continues exports of bee-killing pesticides while banning them at home -report
The EU is exporting more than 10,000 tonnes of “bee killing” pesticides a year to developing countries, despite having banned the use of these chemicals in its own fields, according to a report published Wednesday.Â
Read MoreNew CEO for asset manager of Apple nature-based solution fund for carbon removals
A climate veteran has taken on a new role as CEO at an asset management company dedicated to natural capital, and already serving tech giant Apple’s nature-based carbon removal fund.
Read MoreEU carbon border mechanism enters into force, faces long road ahead
The EU’s carbon border adjustment mechanism (CBAM) regulation entered into force on Wednesday, but a long road ahead befalls policymakers that will iron out the details of implementation, including the CBAM’s role in securing EU producers’ global competitiveness.
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