Countries must be wary of losing sight of Article 6 purpose, says NGO
Article 6, intended to enhance climate ambition through international cooperation via carbon credit trading, is at risk of becoming a loophole that enables countries to delay domestic mitigation instead of increasing it, according to a new report from a non-profit.
Read MoreNorway NDC confirms 70-75% emissions reduction target by 2035 with Article 6 use
Norway has outlined a target to reduce greenhouse gas emissions by at least 70-75% by 2035 compared to 1990 levels in its latest Nationally Determined Contribution (NDC) to the Paris Agreement, also hinting at potential Article 6 use.
Read MoreFragmented CBAMs risk crippling businesses with compliance costs, says lobby group
A range of new carbon pricing and border leakage systems being introduced around the world could create trade frictions and raise compliance costs for businesses if they are not efficiently linked together, according to a report from a trade body.
Read MoreCanadian tech company raises C$5 mln in equity to finance diesel engine efficiency add-on
A Canadian green tech company has successfully raised C$5 million ($3.5 mln) in shares to finance the sale of its hydrogen-on-demand device for diesel engines, following an offer launched back in February.
Read MoreSB62: UN rules out corporate carbon neutrality claims for Article 6 ‘mitigation contribution’ credits -sources
The UNFCCC Secretariat has stated that Mitigation Contribution Units, a form of carbon credits generated under Article 6.4 of the Paris Agreement, should not be used towards corporate carbon neutralisation claims, according to multiple sources.
Read MoreLCAW25: Only fraction of companies planning SBTi targets are buying carbon removals, says investor
Only 200 of the thousands of companies planning to have climate targets validated by the Science Based Targets initiative (SBTi) are buying carbon removals, according to an investor.
Read MoreGermany finalises cancellation of 500k EU ETS allowances linked to 2022 coal plant closures
Germany has finalised the cancellation of around 500,000 EUAs linked to the closure of coal-fired power plants in 2022, in a bid to ensure that its phaseout of the polluting fuel source delivers genuine climate benefits.
Read MoreMicrosoft buys millions more in nature-based carbon removal credits
Technology company Microsoft has unveiled yet another large forward-purchase deal for large-scale carbon removal, inking a 10-year contract for around 5 million improved forest management (IFM) credits.
Read MoreCalls mount for waste inclusion in EU ETS as groups send letter to Commission
More than 20 organisations have written to the European Commission calling for the waste incineration sector to be included in the EU Emissions Trading Scheme (EU ETS).
Read MoreDATA DIVE: Growth of corporate climate target setting remains strong despite political headwinds
The number of companies setting climate targets has maintained strong momentum over the first six months of 2025, despite a more challenging political environment for corporate environmental action.
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