LCAW26: Amazon opened carbon credit service after companies said they were “super scared”
Amazon decided to open its carbon credit service to qualified UK companies after hearing from many that they were scared to even dip a toe in the carbon market, as required by the tech giant’s Climate Pledge, a company official said on Monday.
Read MoreFEATURE: Carbon buyers are eyeing new superpollutant credits for a quicker fix
As promises to tackle emissions in the short term butt heads with the realities of rising energy demand and pricey, early-stage carbon removal technologies, companies are increasingly looking for faster, easier wins – and driving a new market for superpollutant credits.
Read MoreEU carbon capture, storage infrastructure lagging behind mandated target for 2030 -analysis
The EU is falling short of its legally mandated goal to boost carbon capture and storage capacity within the decade – even if every planned project makes it to development, according to new analysis, commissioned by large oil and gas companies.Â
Read MoreUN review raises issues with Zimbabwe’s carbon market rules and registry
A UN technical review has flagged inconsistencies and lacking transparency in Zimbabwe’s carbon market infrastructure, including its national carbon registry, rules for collecting revenues, and the country’s first Article 6 project – although the government did clarify many of the issues.
Read MoreOil and gas majors set to boost output despite climate goals -study
Nearly a dozen major oil and gas companies are planning to increase their oil and gas output, exceeding the reductions needed to limit global warming and even to meet projected demand growth in the next few years, according to a study published on Thursday.
Read MoreVerra puts large Zambian agriculture, forestry project on hold
Verra has put a large Zambian REDD+ project on hold, six years after project registration, according to the standard body’s registry.
Read MoreNordic businesses urge EU to protect a strong ETS price signal
The EU Emissions Trading System (ETS) is finally delivering what industrial investments need most – a long-lasting, technology-neutral price signal for decarbonisation – and the upcoming reform needs to reinforce the market’s core function, a northern European business coalition said on Tuesday.
Read MoreNet zero CO2 emissions by 2045, fossil fuel phaseout by 2070, can limit warming to 1.5C -study
Global CO2 emissions need to reach net zero by 2045, followed by all GHG emissions around 2060, in order to limit warming to 1.5C in the long run, according to analysis published on Tuesday.
Read MoreItaly plans carbon market cooperation with Tanzania -local media
Italy is eyeing carbon market investments in Tanzania through Article 6.2 of the Paris Agreement, following a meeting between the two governments in Bonn, according to local media.
Read MoreG7 could still address fossil fuel reliance despite absence of climate on agenda, advocates say
Hopes that G7 countries will help to spur a shift from fossil fuels are dimmer this year, with the term ‘climate change’ omitted from the agenda – but campaigners are still hoping to see advancements through the prism of ‘energy security’.
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