13% of companies buying carbon offsets apply them to 100% of their emissions -report
Some 13% of companies that are offsetting their emissions are applying the resulting credits to 100% or more of their Scope 1, 2, and 3 emissions, according to a report released on Wednesday.
Read MoreDATA DIVE: The carbon projects poised to profit if Article 6 gets over the line in Baku
With hopes of a breakthrough on Article 6 remaining high as COP29 races towards its conclusion, data from first-moving countries and projects reveals a market poised to make full use of Article 6 carbon trading once market dynamics are fully operationalised.
Read MoreEXCLUSIVE: Colombian carbon standard is first to sign up to S&P Global tool aimed at ‘uniting the registry community in one place’
A Colombian carbon standard has become the first organisation to sign up to a new software tool from S&P Global, which has been designed to integrate the various carbon registries and standards in one place.
Read MoreDenmark approves world’s first tax on agricultural sector emissions
Denmark has approved the world’s first emissions tax on agriculture, to help achieve its legally-binding target to reduce emissions 70% by 2030 on 1990 levels.
Read MoreScottish CCS firm enters partnership to issue carbon removals credits from Scotch whiskey production
A British carbon finance specialist, Swiss bank, and Scottish carbon capture and storage (CCS) firm have partnered to issue carbon removals credits from Scotch whiskey distilleries and their supply chains, the companies announced on Friday.
Read MoreCOP29: Nearly half of companies use zero renewable electricity -report
Nearly half of companies globally continue to only use non-renewable electricity, according to a new report released on Friday.
Read MoreDATA DIVE: Too soon to draw conclusions on CORSIA carbon credit supply and demand
With four new standards approved to supply CORSIA compliance last month, and the aviation sector now well into its first phase, the voluntary carbon market is starting to make predictions around prospective supply and demand for the UN’s international aviation offsetting scheme – but it may be too soon to forecast what will be needed, and what will be available to buy.
Read MoreDutch firm gets €2.7 mln for CO2-storing building materials plant
A company that manufactures carbon-storing building supplies using captured CO2 has received a €2.7 million grant from the Dutch government, it announced on Thursday.
Read MoreCOP29: Carbon markets crucial to unlock GHG cuts in heavy industry, alliance says
Governments must act now to unlock demand that would spur green industry, a global network of industrial stakeholders has said, with carbon markets a key tool required to make this happen.
Read MoreCOP29: World still on track for 2.7C warming, unchanged from 2021 -report
The expected rise in global temperature has remained unchanged in the past three years since COP26, due to governments failing to improve on their policies and pledges, a new report has found.
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