Climate 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.
Read MoreUK set to enshrine goal for 87% emissions cut by 2040 in law -media
The UK government is poised to set a legally binding goal to cut emissions by 87% by 2040, compared to 1990 levels, The Times reported on Thursday.
Read MoreMethane certifier launches registry for crude oil emission cuts
A certifier of methane emissions has launched a new registry for reductions from crude oil operations, and expects to certify its first crude oil production facility in the coming weeks, it announced on Wednesday.
Read MoreTurkiye throws focus on electrification, clean energy ahead of COP31
Turkiye’s incoming COP31 presidency is calling to speed up electrification around the world, arguing that the energy crisis underscores the importance of renewable energy, as well as diversification of sources.
Read MoreTech giant issues call for methane certificates
A US-based tech company has issued a request for proposals to procure low-methane intensity certificates, to offset increased natural gas emissions due to data centre build-out.
Read MoreStudy urges corporates to define their own residual emissions, in absence of global consensus
Companies aiming for net zero should begin to classify their emissions from fastest and easiest to cut through to hardest-to-abate, in order to overcome the challenge of pinpointing the residual emissions that will need to be removed to hit the ‘net’, according to researchers.
Read MoreFEATURE: Zimbabwe dispute over CORSIA credit eligibility has wider implications for up-and-coming national registries
A dispute over the eligibility of Zimbabwe’s carbon credits for the aviation offsetting scheme CORSIA could serve as a cautionary tale for upcoming national carbon registries – even as Zimbabwe continues to fight for a solution that clears the emission reduction units for take-off.
Read MoreZimbabwe blasts CORSIA decision as “direct attack” on African climate ambitions
Zimbabwe is pushing back on a UN decision and subsequent move by Gold Standard to stop marking certain credits from the country as eligible for the aviation scheme CORSIA, calling it a “direct attack” on African development and climate goals.
Read MoreBig investors are waiting for carbon removal developers to prove their record
Startup carbon removal developers will struggle to attract large sums of capital in the coming years, as institutional investors remain wary of projects that lack offtake agreements and proven results, finance experts told a conference in London on Wednesday.
Read MoreCORRECTION – UK govt awards funding for domestic DAC carbon removal techs
The UK government has awarded research and development funding to 15 direct air capture (DAC) carbon removal projects in the country, for a total of just under £55 million, it announced on Tuesday.Â
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