UK govt urged to set up carbon reporting office, streamline data
The UK government needs to create a dedicated carbon reporting office in order to streamline an increasingly fragmented landscape of regulations and approaches to emissions accounting, according to a report published on Thursday.
Read MoreCarbon standard, forestry researchers partner to strengthen nature-based crediting
A Global South-focused carbon crediting standard is partnering with forestry researchers to strengthen the environmental integrity of nature-based credits in carbon markets, the two sides announced on Wednesday.
Read MoreCarbon market maker eyes superpollutant credits in partnership with ratings agency
A carbon removal market maker is partnering with a ratings agency as it expands its purchasing into the “ugly ducklings” of the carbon market – superpollutant credits, which it says are vital to averting imminent climate tipping points, the two announced on Tuesday.
Read MoreBritish industries, manufacturers want UK-EU ETS link-up as soon as possible, say experts
British industries and manufacturers want the UK and EU to tie up their emissions trading schemes as soon as possible, in order to minimise the challenges of navigating two separate, and diverging, markets and border carbon fees, representatives told a House of Lords committee on Tuesday.
Read MoreItalian regulator steps cautiously towards compensating gas power plants for their ETS costs
The Italian energy regulator appears to be limiting the extent to which gas-fired power operators will be able to recoup compliance costs from the EU’s Emissions Trading System (ETS), likely in an effort to quell concerns from Brussels, according to new analysis.
Read MoreIreland falling far short of goal to halve emissions by 2030, EPA warns
Ireland is still falling short of its legally binding goal to halve emissions by 2030, and needs to implement a wide range of policies to hit a projected reduction of 25%, the country’s Environmental Protection Agency (EPA) said on Wednesday.
Read MoreAfrica Roundup: Zimbabwe’s turbulence highlights political risks in continent’s race for international carbon markets
Zimbabwe’s dispute over the eligibility of its carbon credits for aviation offsetting scheme CORSIA highlights the persistent political uncertainties around Sub-Saharan Africa’s race to enter international carbon markets – while scientific studies warn that carbon investments could be key to saving the continent’s vital forest sinks.
Read MoreAfrican crude oil pipeline a threat to emissions, fresh water supplies -study
The world’s longest heated crude oil pipeline will be a “carbon bomb” that cuts through one of Africa’s most extensive freshwater systems, a non-profit has warned as the project approaches commissioning in July.
Read MoreDeforestation risks turning Congo Basin from carbon sink to emitter -study
The Congo Basin needs a boost of investment, strengthened governance, and coordinated action in order to ward off mounting pressure on its resources and remain a vital carbon sink, including through more forestry carbon crediting projects, a UN-backed panel of scientists warned on Tuesday.Â
Read MoreClimate finance continued to grow in 2024, mostly going to emission reductions -OECD
Developed countries increased their public and private finance for climate action for a third year in a row in 2024, with nearly two-thirds directed to emission reduction efforts, according to the OECD’s annual assessment, published Thursday.
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