Carbon project rating agency incurs heavy losses to fund global expansion
Carbon project rating agency BeZero Carbon made over $20 million in losses in the last financial year, according to publicly available documents, due to the creation of new jobs and subsidiaries in the US and Singapore, the company said.
Read MoreVerra certifies first ARR carbon project in Europe
A pan-European afforestation carbon project has become the first of its kind to be registered by Verra, it was announced Thursday.
Read MoreICVCM still assessing cookstove carbon methodologies for CCP status, REDD+ announcement imminent
Discussions around clean cooking methodologies are still ongoing at the Integrity Council for the Voluntary Carbon Market (ICVCM), Carbon Pulse has learned, likely pushing to next month the decision that will determine which credits in the sector will be eligible for the Core Carbon Principles (CCPs) high-integrity badge.
Read MoreBoardrooms increasingly fret about reaching net zero despite political backlash, finds survey
Momentum for net zero is building in the boardroom and leaders are refusing to abandon their plans, finds a survey of US and UK executives, despite a growing political backlash against the cost and pace of the green revolution that is expected to only intensify after the election of Donald Trump to the White House.
Read MoreLondon Underground air to heat UK capital, save emissions in £1-bln scheme
Warm air from the London Underground could be used to heat homes in the heart of the UK capital in a new £1 billion scheme that is expected to create 500 jobs and save 75,000 tonnes of CO2 every year.
Read MoreUK startup secures funding to offer insurance for risks in early-stage CDR projects
A startup insurance company hopes to kick start the carbon removal (CDR) market by offering cover to mitigate the risks facing early-stage projects.
Read MoreUK can decarbonise electricity grid by 2030 with investment north of $40 bln a year – report
The UK government can hit its goal to decarbonize the country’s electricity grid by 2030 with a massive expansion in renewable power and a price tag of at least $40 billion of investment a year, according to a report by newly created National Energy System Operator (NESO) .
Read MoreVCM Report: CORSIA impact yet to appear despite approval of major carbon standards
Four more carbon registries were granted eligibility for Phase 1 of the CORSIA international aviation offsetting scheme last week, although the kick-start in demand is likely to be more of a slow burner, sources said, with interest in voluntary credits still lacklustre.
Read MoreTotalEnergies sees direct emissions rise in third quarter
TotalEnergies emitted more direct greenhouse gasses in the third quarter because of increasing gas-fired power plant use in the US and Europe, the energy company revealed Thursday.
Read MoreShell trims investment in renewables and energy solutions to 8% of spending budget
Shell’s dash for gas reaped dividends in the third quarter, but a green activist shareholder group warned backtracking on renewable investments was jeopardising the future of the company.
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