EU needs to tighten up oversight of carbon offsets to make them credible -report
Carbon offsets could help the EU achieve its climate targets, but only if it insists on more rigorous rules around accounting, as well as around broader corporate net zero target-setting, according to a report published Thursday by a former European Commission senior official.
Read MoreSix companies bid to develop CO2 storage in Norway’s North Sea
Six companies, both international and domestic, have applied to the Norwegian government to develop CO2 storage in the North Sea, after Oslo identified three areas in the Norwegian continental shelf.
Read MoreCarbon data dashboard’s new strategy aims to boost coverage, support Article 6
A blockchain-based metadata platform has set out a new strategic roadmap that aims to increase its data coverage, pilot new ways to ensure transparency and integrity, and help to operationalise Article 6 of the Paris Agreement, among other goals, it announced on Wednesday.
Read MoreUK renewables auction blows new life into offshore wind developments
The UK awarded contracts for a record 131 renewable energy projects on Tuesday, with price bids coming in well below the maximum set by the government in an auction that the industry welcomed as a sign of renewed investor confidence in the country.
Read MoreUK enhanced rock weathering may come with environmental and health trade-offs -report
The UK could reasonably expect to remove around 6 million tonnes a year of CO2 using enhanced rock weathering, although it would require an expansion of rock crushing operations and could pose new risks around emissions and environmental and public health.
Read MoreBrussels approves Dutch plan to pay livestock farmers to close down
The European Commission has approved a Dutch plan to provide €700 million of state aid to compensate farmers for voluntarily closing their livestock farming sites to help cut nitrogen emissions, it announced on Wednesday.
Read MoreNobel laureates denounce dropping of ‘fossil fuels’ from UN draft pact
A group of 77 former world leaders and Nobel laureates is calling out governments for dropping any mention of fossil fuels and a just transition from the ‘Pact for the Future’ in negotiation ahead of an upcoming UN summit in New York.
Read MoreINTERVIEW: London’s voluntary market hub hamstrung by bad press, uncertainty
Bad press over the past year and confusion around standards for carbon credits and offsets are hampering the development of a voluntary carbon market even as the City of London is trying to support growth and turn itself into a global trading hub.
Read MoreUK authority thinks cap on emissions allowances will have to fall as removals are integrated
The UK’s cap on emissions allowances in the market will need to decline over the longer term to make room for new greenhouse gas removals while keeping the country on track for net zero by 2050, according to the ETS Authority.
Read MoreUK’s offshore tax hike can drive investments towards low-carbon energy -consultancy
The UK government’s decision to hike the windfall tax on offshore oil and gas isn’t all bad news for energy companies, according to an energy consultancy that argues it could help to focus energy investments on decarbonisation.
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