Nobel laureates denounce dropping of ‘fossil fuels’ from UN draft pact
A group of 77 former world leaders and Nobel laureates is calling out governments for dropping any mention of fossil fuels and a just transition from the ‘Pact for the Future’ in negotiation ahead of an upcoming UN summit in New York.
Read MoreINTERVIEW: London’s voluntary market hub hamstrung by bad press, uncertainty
Bad press over the past year and confusion around standards for carbon credits and offsets are hampering the development of a voluntary carbon market even as the City of London is trying to support growth and turn itself into a global trading hub.
Read MoreUK authority thinks cap on emissions allowances will have to fall as removals are integrated
The UK’s cap on emissions allowances in the market will need to decline over the longer term to make room for new greenhouse gas removals while keeping the country on track for net zero by 2050, according to the ETS Authority.
Read MoreUK’s offshore tax hike can drive investments towards low-carbon energy -consultancy
The UK government’s decision to hike the windfall tax on offshore oil and gas isn’t all bad news for energy companies, according to an energy consultancy that argues it could help to focus energy investments on decarbonisation.
Read MoreCarbon registry, marketplace team up to enhance trading and retirements
An international carbon registry and a marketplace for environmental commodities have integrated their technologies in an effort to make carbon credit transactions and retirements more accessible, transparent, and efficient.
Read MoreRich-poor divisions threaten to delay and weaken next round of Paris pledges, report warns
A growing rift between developing and developed countries over how to interpret last year’s Global Stocktake of Paris Agreement progress, and ongoing negotiations over a new climate finance goal, threaten to delay and weaken the third generation of national pledges, a think-tank warned on Wednesday.
Read MoreFEATURE: Commonwealth promotes its model carbon tax, as CBAMs boost interest
The Commonwealth of Nations is speaking to three jurisdictions about implementing a model carbon tax law that its secretariat published last year, and is planning to further promote the law at COP29.
Read MoreEU-UK ETS link-up would lower costs and frictions, especially for Britain -study
Relinking the EU and UK emission trading schemes could help the British government avoid foregone revenue of up to £8 billion between 2025 and 2030, making trade more efficient and cost-effective, according to a report published on Tuesday.
Read MoreAnalysis suggests Barclays continues to fund US coal power operators
Barclays bank helped raise $1.7 billion for companies operating coal-fired power plants in the US, apparently exceeding its its commitment to stop financing companies that make more than half their revenue from coal, according to new analysis.
Read MoreSatellite data suggests US oil and gas producers emit much more methane than reported
US oil and gas producers are emitting four times more methane than estimated by the Environmental Protection Agency (EPA), exceeding their own emission goals eightfold, according to data collected by a new jet aircraft.
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