Ghana initiative aims to mobilise $25 bln for carbon, biodiversity projects
A new public-private partnership in Ghana is set to mobilise $25 billion of climate finance to restore degraded land and waterways, while generating hundreds of millions of investment-grade carbon and biodiversity credits, the partners announced on Monday.
Read MoreEquinor sticks with net zero target, as investor divests away
Equinor says it is sticking to its goal of achieving net zero carbon intensity across its direct and indirect emissions, despite a decision last month to ease off its capital expenditure and targets for renewable energy, according to the Norwegian oil and gas giant’s updated energy transition plan.
Read MoreUK presents ideas for revamping Grangemouth refinery into a clean industrial hub
The UK government is looking at credible long-term options for injecting new, low-carbon life into the country’s oldest oil refinery, as part of a wider push to spur clean and renewable infrastructure development.
Read MoreNorthern Ireland will have to tackle farming emissions to reach net zero -CCC
Northern Ireland will have to tackle its highest-emitting sector — agriculture — by providing incentives for farmers to decarbonise, in order to achieve a 77% emissions reduction by 2040 and reach net zero by 2050, the UK’s independent climate advisor said on Wednesday.
Read MoreUK opposition leader starts retreat from “impossible” 2050 net zero goal
Britain’s goal for net zero emissions by 2050 is “impossible” to achieve, lacks a proper plan, and is driving up the country’s energy costs and reliance on countries that “do not share our values” — namely, China — the leader of the opposition Conservative party, Kemi Badenoch, said on Tuesday.
Read MoreBanks won’t voluntarily shift towards net zero – they need a regulatory push, study finds
Swiss banks have the necessary tools to hit net zero emissions by 2050, but the fear of losing competitiveness is holding them back, according to a study that raises doubts about the effectiveness of voluntary commitments from banks worldwide.
Read MoreGovernments could cut emissions by a third if they nix fossil fuel subsidies -study
By eliminating the $7 trillion worth of subsidies granted for fossil fuels worldwide, governments can significantly boost their economic welfare and cut global CO2 emissions by about a third, according to a study published on Monday.
Read MoreEgyptian aluminium producer strikes clean power deal to soften the EU’s CBAM blow
Egypt’s largest aluminium producer has struck a 25-year deal for renewable power supply, which it says will be instrumental in helping the company meet the requirements of the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreNet-Zero Banking Alliance looks to loosen climate commitments amid widespread departures
The world’s largest alliance of banks committed to reaching net zero emissions is set to vote on whether to walk back on its promises, following the departure of US banks after President Donald Trump’s election, the Financial Times reported.
Read MoreEU needs short-term incentives to pioneer carbon removal growth -think tank
The EU and Germany have an opportunity to pioneer innovative carbon removal policy, as the US appears set to reverse direction — but this will require short-term strategies for negative emissions, along with long-term goals, according to a German think tank.
Read More