US-backed coalition aims to raise $1 bln for jurisdictional REDD payments
The US, UK, and Norway launched a coalition on Thursday to raise $1 billion in private capital for jurisdictions that reduce deforestation emissions under the Architecture for REDD+ Transactions (ART) programme.
Read MoreUN launches $70 trillion alliance to standardise net zero commitments around science-based targets
UN climate envoy Mark Carney and a dozen government and financial leaders on Wednesday unveiled an alliance to coordinate standards and practices for net zero commitments worldwide in the lead-up this fall’s COP26 climate summit.
Read MoreANALYSIS: Peruvian dispute over REDD reference levels presages global offset supply uncertainty
Three indigenous organisations and nine REDD offset project developers have challenged Peru’s new forest emissions reference level (FREL), which they say reflects the preferences of donor nations and not realities on the ground in low-deforestation countries.
Read MoreINTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution
After seeking to offset its emissions in the days before GHG protocols and carbon standards, US-based flooring manufacturer Interface is now receiving international acclaim for its work that has helped expand the voluntary emissions reductions (VER) market over the past 20 years.
Read MoreOil companies structurally incapable of achieving net zero emissions, researchers say
Fossil-fuel companies, long accused of using carbon offsets to avoid instead of accelerating the transition to a low-carbon future, may be structurally incapable of making that transition, according to a peer-reviewed paper published Thursday.
Read MoreFinancial regulators, carbon pricing key to achieving net zero emissions -panel
US financial regulators universally agree on the need for carbon pricing and a clear mandate to address climate change as a systemic financial risk, though data availability remains a challenge, participants said at a virtual panel on Thursday.
Read MoreShell, C-Quest ink deal to generate 60 mln VERs from African cookstoves
US-based offset developer C-Quest Capital on Tuesday announced it signed an agreement with oil major Shell to fund the generation of more than 60 million verified emission reductions (VERs) from cookstoves in Africa, with even more supply set to emerge.
Read MoreCorporate net zero commitments incrementally improving but still “stagnant” -analysis
Companies’ net zero commitments are becoming more robust, but still vary widely by sector and do not demonstrate a clear pathway to decarbonisation by 2040, according to analysis published Tuesday.
Read MoreUS businesses worth $3 trillion back enhanced Paris target at upcoming Climate Summit
More than 300 businesses and investors active in the US have called on President Joe Biden to deliver a Paris Agreement target that roughly doubles the previous commitment made under Barack Obama’s administration, according to a letter published Tuesday.
Read MoreNY State Pension Fund will dump seven companies over oil sands exposure
The New York State Pension Fund will immediately divest of equity and debt associated with seven companies in its portfolio and cease new investments in companies with oil sands exposure after announcing a net zero target last year, the fund said Monday.
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