FEATURE: UK ETS can nudge shipping towards decarbonisation, but won’t suffice on its own
Adding shipping to the UK ETS could help push the sector towards decarbonisation — but there are concerns that the carbon price is still too low to make a dent and that it creates a patchwork of regulations in a market where international measures are also in the pipeline.
Read MoreNature conservation ‘sexier’ than hyped-up technological endeavours, project financier says
People are forgetting the urgent need to conserve nature, focusing instead on ‘sexier’ technological endeavours such as artificial intelligence, robotics, free and abundant energy, and space travel, according to the head of financier for nature-based carbon projects, which is planning to work on 40 or more new activities this year.
Read MoreIndustrial clusters can accelerate decarbonisation, but obstacles to clean energy persist -WEF
Creating industrial clusters can help to accelerate the rollout of clean energy infrastructure, helping to achieve economies of scale, share the risks, aggregate and optimise demand, and attract capital, according to a report released on Wednesday.
Read MoreBRIEFING: UK hoping to avoid overlaps, disparity with EU ETS in Irish Sea shipping
The UK government is looking at how to avoid a disparity in carbon prices in the Irish Sea when it expands its ETS to the domestic maritime sector, according to officials.
Read MoreCBAM fees expected to bite into Ukrainian GDP, causing job losses
The EU’s Carbon Border Adjustment Mechanism (CBAM) fee could cause Ukraine to lose 6.4% of its GDP by 2030 due to a drop in export volumes and job losses, according to Ukrainian analysis.
Read MoreInsurance agency to offset UK emissions from repairs
An international insurance agency and claims manager has introduced a carbon-neutral repairs initiative in the UK, which it said will set a new benchmark for sustainability in insurance repairs.
Read MoreFEATURE: As US investors quit climate alliances, attention turns to shareholders
US financial institutions say they will stick with their climate commitments despite quitting international net-zero alliances — but the loss of oversight and transparency provided by the alliances puts more pressure on policymakers and shareholders to ensure that promises are fulfilled.
Read MoreNew Finnish law pushes low-carbon construction by promoting carbon ‘handprints’
A new Finnish law aims to push the construction industry to take into account both the positive and negative impacts of a new building’s entire life cycle, as part of an effort to push the sector to reduce emissions and boost circularity.
Read MoreNew EU rule aims to make CO2 tests of heavy-duty vehicles more reliable
The European Commission published a regulation this week aimed at improving national verification of CO2 emissions from lorries, buses, and coaches, it announced on Tuesday.
Read MoreUkrainian company issues carbon credits from solar farm
A Ukrainian company has issued its first carbon credits generated from a renewable energy project, in a move it said will help raise investment in renewables and help cut emissions.
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