City of London hosts initiative to help SMEs, individuals buy UKAs rather than voluntary carbon
London’s financial hub hosted the launch of a new service on Monday that enables businesses and people to buy carbon from the regulated UK ETS and cancel them permanently, rather than offset emissions through voluntary markets.
Read MoreSBTi sets out corporate guidelines for beyond value chain emissions cuts via voluntary carbon credits
New guidance from the Science Based Targets initiative (SBTi) aims to encourage companies to invest in emissions reductions beyond their own value chains on top – rather than instead – of decarbonising their own operations, including by investing in voluntary carbon credits and projects.
Read MoreBiomethane merger hopes to boost Europe’s green gas output with CO2 capture
The merger of a European biomethane provider and a global supplier of biogas treatment systems will help to deploy new technology that can increase green gas production by 70% – further displacing natural gas, the companies announced Wednesday.
Read MoreUK urged against carrying surplus emissions over to next carbon budget
The UK government must not carry its surplus of emissions over to the next carbon budget, as the focus of decarbonisation shifts from electricity to tougher-to-abate sectors, the independent Committee on Climate Change (CCC) warned on Wednesday.
Read MoreIE WEEK: Ukraine war prompts Russia to look more seriously at renewables -expert
The geopolitical fallout of Russia’s war in Ukraine is forcing Moscow and Central Asian countries to look more seriously at renewable energy than ever before, a long-time advisor in the region said on Tuesday.
Read MoreIE WEEK: Oil and gas isn’t going away anytime soon -industry execs
The clean energy industry may need to speed up, but oil and gas executives insist the economy isn’t yet ready to quit oil and gas – and won’t be for decades.
Read MoreOil majors join initiative to tackle ‘methane slip’ from fuelled vessels
Two oil and gas majors and a gas shipping company have joined an initiative aimed at improving technologies to measure and mitigate methane emissions from the maritime sector, in an effort to reduce pollution from the use of LNG as a fuel.
Read MoreFEATURE: The first movers looking to overcome trust issues and high costs in carbon removals market
With the window to net zero emissions by 2050 tightening, political and corporate attention is turning to the need to suck carbon out of the atmosphere in addition to slashing greenhouse gases.
Read MoreUK quits Energy Charter Treaty following failed attempts at modernisation
The UK is quitting the Energy Charter Treaty (ECT), following a growing number of EU countries that have left the agreement after years of protracted negotiations failed to reform it to support the transition to net zero emissions, the Department for Energy Security and Net Zero (DESNZ) announced Thursday.
Read MoreMicrosoft buys voluntary carbon removals from Kenyan agroforestry project
Microsoft has signed an offtake agreement for 350,000 tonnes of voluntary Carbon Dioxide Removal (CDR) credits over six years from an agroforestry project in Kenya – the company’s second deal this month.
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