BRIEFING: ISO kicks off work on new net-zero standard, keeps door open to offsets
The International Organization for Standardization (ISO) is developing its first standard for reaching net-zero emissions, which could allow companies to use offsets to meet decarbonisation targets, it announced on Thursday.
Read MoreUkrainian group calls for force majeure relief from CBAM fees
Ukrainian industries risk incurring financial losses from the EU’s Carbon Border Adjustment Mechanism (CBAM), unless the two sides can quickly agree to recognise a ‘force majeure’ and exempt the war-torn country from incoming carbon fees, according to a Ukrainian think-tank.
Read MoreUN doubles down on call for ‘solidarity levies’ from polluting industries
Countries need to look to new sources of climate finance including “solidarity levies” on sectors such as shipping, aviation, and fossil fuels extraction, the UN’s special adviser on climate change said on Tuesday.
Read MoreVoluntary carbon market to hit $100 bln by mid-2030s, driving environmental, economic, social benefits -ratings agency
A $100 billion global voluntary carbon market would support sustainable development, reduce carbon, restore land equivalent to the size of Peru, and create millions of jobs – but work is needed to improve the market’s integrity and transparency, according to a study released on Tuesday.
Read MoreEU ETS should apply to all types of CO2 from waste incineration, NGO argues
The EU should press ahead with plans to extend its ETS to the incineration of municipal waste, while ensuring that rubbish isn’t diverted to landfills to avoid the carbon price, an NGO recommended on Monday based on new analysis.
Read MoreGlobal solar to surge to 20% of power generation on north’s longest day of year
Solar power is expected to generate a fifth of global electricity across midday peaks on Friday’s summer solstice and 8% across the month of June, making it the fastest-growing source of power in the world, according to new research.
Read MoreNew bioenergy carbon removals methodology approved by certifier
A certifier has validated a new methodology for net CO2 removals (CDR) using bioenergy with carbon capture and storage (BECCS), in what may provide a boost to the development of the nascent market.
Read MoreEU-China agree to cooperate on emissions trading
The EU and China agreed on Wednesday to cooperate in promoting emissions trading as an effective tool for reaching net zero emissions, as part of a wider pact to work together during a high-level environment and climate dialogue in Brussels.
Read MoreCDP climate disclosures rising, but full transparency still a challenge
A quarter of companies disclosed climate transition plans in line with a 1.5C limit in 2023, up by 44% compared to the previous year, climate disclosure non-profit CDP announced Wednesday.
Read MoreUK researchers make case for national carbon regulator
An independent UK carbon regulator with economy-wide oversight of the voluntary carbon market could ensure a level playing field for innovators, cut investment risks, and build business and consumer confidence, according to a report published on Tuesday.
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