Loopholes in transition credits methodology undermine its credibility -report
Weaknesses in a voluntary carbon market methodology to finance the early retirement of coal-fired power plants risk undermining its environmental credentials, according to a new report.
Read MoreAustralia needs to develop coal phase-out plan as world decarbonises -report
Global decarbonisation efforts could see demand for Australian thermal coal plunge by almost two-thirds by 2035, new analysis found, heightening the need for the government to develop a coal phase-out strategy.
Read MoreSuper typhoon survivors seek damages from oil major
Over 100 Filipinos affected by a 2021 typhoon have filed a landmark case in the UK’s Royal Court of Justice, seeking compensation from an oil major for its contribution to climate change.
Read MoreSBTi urged to add EACs into the mix for meeting net zero targets
Corporates should be allowed to use Environmental Attribute Certificates (EACs) to count directly towards targets set by the Science Based Targets initiative (SBTi), a non-profit has urged, while another flagged concerns with the voluntary tiered approach and a lack of guidance for near-term carbon removals.Â
Read MoreDitching ag pricing leaves New Zealand short on emissions budget, officials warned
Removing emissions pricing for agriculture and not replacing it with any other action would leave New Zealand facing a bigger gap to meet its third emissions budget, environment ministry officials warned the government.
Read MoreLegally binding climate commitments lift climate finance -report
A new analysis has found that legally-binding climate commitments have led to a “substantial increase” in the share of environmental, social, and governance (ESG) holdings in mutual funds – the first study to provide empirical evidence of climate finance being mobilised by climate laws.
Read MoreMethane target change to double gap in third emissions budget, NZ govt warned
The New Zealand government was advised that reducing its 2050 biogenic methane emissions target could see the gap to its third emissions budget (2031-35) double, official papers released Tuesday showed.
Read MoreNZ ETS emissions to be below cap out to 2035 -officials
Emissions in the New Zealand ETS will sit below the cap for the next decade, officials told the government in advice released on Thursday, creating a buffer for dry years.
Read MoreChina approves three NbS methodologies for CCER programme
The Chinese government has given the greenlight to three new methodologies for its domestic offset programme, all nature-based solutions (NbS).
Read MoreNZ government rejects all emissions targets advice
The New Zealand government has formally rejected the Climate Change Commission’s (CCC) advice to tighten its emissions targets across all sectors, almost two weeks after the deadline.
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