FEATURE: Carbon markets will almost certainly be counted towards climate finance goal, even without specific mention
The money flowing into international carbon markets could be counted in future tallies of global climate finance — although the lack of a specific mention in the final agreement on a new global goal at COP29 means that the extent to which this happens, and how trust in the market is ensured, is largely up in the air.
Read MoreScottish carbon removals developer to issue credits for North Sea storage project
A Scottish carbon removals company has signed a deal to permanently store 50,000 tonnes of CO2 in a depleted North Sea oilfield, it announced on Wednesday.
Read MoreGovt climate advisors urge UK to make new Paris Agreement pledge credible
The UK needs to make its ambitious emissions reduction targets credible by closing the “domestic delivery gaps” and speeding up the roll-out of clean transport, home heating, and tree planting, the government’s independent climate advisory body said on Wednesday.
Read MoreUK awards £4 bln in CCUS contracts, clearing the way for construction
The UK government has awarded £4 billion worth of contracts for the construction of its first carbon capture, utilisation, and storage (CCUS) cluster, paving the way to break ground next year, it announced on Tuesday.
Read MoreUK urged to come up with action plan for tackling methane emissions
The UK government should publish an action plan setting out priorities for tackling methane emissions, taking into account the cost of action in different sectors, its short- and long-term benefits, and the cost of inaction, members of the House of Lords recommended on Tuesday.
Read MoreUK set to incentivise clean hydrogen-to-power technologies
The UK government will introduce a support scheme to encourage investment in clean hydrogen-to-power projects, following supportive feedback in a public consultation, it announced on Monday.
Read MoreEU should reconsider giving CBAM exemptions to most vulnerable -report
The EU should reconsider exempting the least developed countries, as well as Ukraine, from its incoming carbon border fee, and use its revenues to help developing countries decarbonise their industries and minimise the blow, a think tank recommended this week.
Read MoreGender equality can strengthen integrity of carbon credits, experts say
Developers can bolster the integrity of the carbon credits they sell by making sure there is gender equality across the design, implementation, and monitoring of their projects, according to experts.
Read MoreEU parliament, countries agree to delay anti-deforestation law
Companies will have one more year to comply with the EU’s incoming deforestation law, under an agreement struck on Tuesday evening between the European Parliament and Council of member states.
Read MoreSustainable aviation too slow to take off, finds report
A mere 12% of airlines around the world are making “noteworthy efforts” to switch from kerosene to truly sustainable aviation fuels (SAFs), while the others are either buying too little or the wrong kind of alternative, according to an NGO ranking published on Tuesday.
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