Russia looks to lure small businesses and entrepreneurs into carbon trading
The Russian government has proposed changes to simplify access to carbon credits in the country, making it easier for small businesses and individuals to take part in the national carbon market, the Ministry of Economic Development announced on Tuesday.
Read MoreDeveloper of carbon removals-plus-renewable gas tech secures $13 mln in new funding
A Colorado-based developer of projects combining carbon sequestration and renewable gas has secured around $13 mln in equity financing, which it said will help to commercialise its technology.
Read MoreUK will struggle to meet its goal for clean power by 2030, research warns
The UK’s new government faces a “substantial challenge” in decarbonising the power system by 2030, an analytics and consulting firm warned on Monday – the same day London proposed changes to align its capacity markets with reaching net zero emissions by 2050.
Read MoreUK urged to ramp up emission reductions outside energy supply, or risk missing 2030 target
The new UK government needs to speed up the country’s emission reductions to make up for its predecessor’s slow-down, reversal, and delay of net zero policies – including a strengthening of its carbon trading system, the Climate Change Committee warned on Thursday.
Read MoreAzerbaijan hopes to broker new finance goal and end Article 6 stalemate at COP29
Azerbaijan’s COP29 presidency is bringing together top negotiators next week to advance complicated talks on two of Baku’s priorities for the summit – agreement on a new global climate finance goal, and finalisation of the Paris Agreement’s rules for international carbon markets, it announced on Wednesday.
Read MoreLabour’s state-owned Great British Energy welcomed as first step to unlocking clean investment
The new UK government’s plans to spur clean energy and infrastructure investment, including with the creation of a public company, were widely welcomed after they were confirmed in the King’s Speech on Wednesday – although many cautioned that more is needed to tackle climate change.
Read MoreEU faces big funding gaps for climate priorities over next five years, report warns
The EU faces large funding gaps in delivering the priorities of its strategic agenda over the next five years, with climate change alone requiring much bigger investments and capital markets only able to fund about a third of it, according to research published on Tuesday.
Read MoreINTERVIEW: US carbon removals developer taps new hire to secure big offtake deals
A US direct air capture developer has named a new director of business development to lure major carbon removals buyers such as Microsoft and Salesforce into big, long-lasting offtake agreements, it announced on Monday.
Read MoreCarbon removals criteria updated to include environmental harms, benefits
While carbon removals may be good for the climate, developers and buyers also need to minimise the project’s impact on wider environmental health, and promote benefits, according to updated criteria for high-quality projects, released on Thursday.
Read MoreSBTi set to pilot test new net zero standard for financial institutions
The Science Based Targets initiative (SBTi) is inviting financial institutions to apply to take part in its pilot standard for net zero targets in the sector, it announced on Wednesday.
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