EU truckmakers emit 50% more carbon than ESG reports suggest, study finds
New EU disclosure requirements next year will reveal that emissions from truckmakers are 50% higher than they are reporting to investors, with an average carbon intensity second only to the coal mining sector, according to NGO research published on Monday.
Read MoreUK authority issues guidance for finance firms ahead of new anti-greenwashing rule
The UK’s Financial Conduct Authority (FCA) has published guidance aimed at helping financial firms comply with a forthcoming anti-greenwashing rule aimed at building trust in sustainable investments, including to help companies decarbonise.
Read MoreSouth Pole secures fresh funding for changes under new leadership
Swiss-headquartered voluntary carbon project developer and investor South Pole has secured fresh financing from its largest shareholders, setting the company up for the next phase of development following recent changes in senior leadership, it announced this week.
Read MoreDAC and carbon storage companies team up for removals project in Kenya
A direct air capture developer is teaming up with a carbon storage technology company to create a value chain for extracting CO2 from the atmosphere and permanently storing it underground, helping to streamline the sale of carbon credits, it announced on Wednesday.
Read MoreGreen industrial production set to migrate to renewables-rich countries -study
The production of energy-intensive green steel, chemicals, and hydrogen is likely to migrate from countries with limited renewables resources to those with abundant supply over the next two decades — but that does not have to result in a deindustrialisation for those that lose the operations, according to a study published on Wednesday.
Read MoreUN SG calls on G20 to lead the way on phasing out fossil fuels and increasing finance
G20 countries must lead the way in “dramatically” accelerating the fossil fuels phase-out, providing certainty and predictability to markets, and boosting climate action support for poorer countries, the UN secretary general said in a speech on Tuesday.
Read MoreUK’s ETS for waste risks raising costs for local govts and pushing rubbish to landfill, experts warn
The extension of the UK ETS to include emissions from waste risks imposing significant new costs on cash-strapped local council authorities and pushing more rubbish to landfills, unless the government passes supporting policies within the next two years, experts said on Monday.
Read MoreUK open to ETS linkage with EU, but complications mean it will take time
The UK remains interested in linking its emissions trading scheme with other markets, but needs to determine how this would work in practice to ensure that it makes sense for the market and businesses involved, a government official said on Thursday.
Read MoreCarbon removals could help to offset leftover emissions in EU ETS, official says
The European Commission is looking at whether residual emissions in the EU ETS could be offset with carbon removals, as it weighs up different options for either integrating removals into the existing market or creating a new one, a high-level official said on Wednesday.
Read MoreCCUS investments may dampen profitability, if cheaper clean alternatives are available -report
Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody’s.
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