COP30: Overhaul of global finance rules needed to accelerate sustainable investment in emerging markets
Senior financiers and development experts are calling for a radical rethink of how global capital is mobilised for climate action, urging reforms that make finance simpler, faster, and more locally driven while integrating adaptation, resilience, and natural capital into mainstream investment strategies.
Read MoreSouth Africa unveils blueprint to align domestic carbon tax, voluntary market under Treasury-led reforms
The South African Treasury this week released a wide-ranging consultation paper proposing legal, financial, and institutional reforms to establish a robust domestic carbon market, with the aim of aligning the country’s compliance and voluntary systems and strengthening links to international trading under the Paris Agreement’s Article 6.
Read MoreSTX shutters Global Carbon Fund amid portfolio rationalisation drive
Amsterdam-based environmental commodities trader STX Group is closing the Vertis Global Carbon Fund, a short-lived vehicle launched in 2023 to give institutional investors exposure to emerging compliance carbon markets worldwide.
Read MoreVerra parts ways with two senior executives amid more internal restructuring
Standards body Verra has parted ways with two senior executives following another round of internal restructuring, Carbon Pulse has learned.
Read MoreNZAM drops 2050 net zero target, weakens asset manager requirements in draft overhaul
The Net Zero Asset Managers (NZAM) initiative has proposed a major overhaul of its framework that would significantly roll back signatory commitments, including the removal of all references to achieving net zero by 2050 and the elimination of requirements to set interim portfolio emissions targets.
Read MoreSuper-rich “plundering” global carbon budget as billionaires’ emissions exceed 118 countries -report
The world’s wealthiest people are generating more carbon pollution in a single day than the poorest half of humanity produce in an entire year, according to a new report warning that the high-carbon lifestyles and investments of the super-rich are driving the planet towards climate disaster.
Read MoreExxon sues California over corporate climate disclosure laws, alleging constitutional violations
ExxonMobil has filed a lawsuit against California seeking to block enforcement of two landmark state laws requiring large companies to disclose their greenhouse gas emissions and climate-related financial risks, arguing the measures unlawfully compel speech and intrude on federal authority.
Read MoreSouth Africa’s steel sector needs up to $30 bln to reach net zero by 2050 -report
South Africa’s iron and steel industry will need as much as $25-30 billion in investment by mid-century to cut greenhouse gas emissions by up to 85% and align with net zero targets, according to a new report.
Read More“Backed into a corner”: Verra’s plan to address Kariba REDD over-crediting raises deep structural flaws, say researchers
Verra’s plan to fix over-crediting at Zimbabwe’s Kariba REDD+ project exposes deep structural flaws in the world’s largest voluntary carbon registry and raises broader questions over the credibility of its offset guarantees, according to a new commentary by a non-profit research group.
Read MoreRFF absorbs Pricing Carbon Initiative, pledging to continue US bipartisan carbon pricing dialogues
Independent research organisation Resources for the Future (RFF) has taken over the Washington DC-based Pricing Carbon Initiative (PCI), integrating its bipartisan dialogue series on carbon pricing policy into RFF’s broader programme of climate-focused events and research.
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