REDD.plus executes first private-sector sale of national-level credits in test of UNFCCC as carbon standard
The REDD.plus trading platform has executed the first-ever purchase by a private sector buyer of jurisdictional-scale deforestation reduction credits, serving as a key test for national-level carbon offsets generated under the UN climate agency.
Read MorePrivate fund seeks $1 billion to support conservation and net zero claims
A new private fund backed by several multinational consumer goods firms aims to raise more than $1 billion this year for performance-based forest conservation, using methodologies developed in carbon markets to offset impacts from agriculture and to cultivate carbon sinks for net zero claims.
Read More‘Green’ to beat costs of ‘blue’ hydrogen, rival natural gas by 2030 -analysts
Renewable energy-sourced green hydrogen will cost less than CCS-powered blue hydrogen by 2030, while also becoming competitive with natural gas by the same year, analysts said Wednesday.
Read MoreThe Nature Conservancy discloses portfolio review of forestry offsets, while developer defends practice
Green group The Nature Conservancy (TNC) is undertaking an internal review of its improved forest management (IFM) carbon offset protocols in response to questions of environmental integrity, but a project developer is defending the stringency of the underlying methodologies.
Read MoreDecades-old disagreements to dominate final months of Carney-led offset taskforce
UN climate finance envoy Mark Carney’s Taskforce on Scaling Voluntary Carbon Markets (TSVCM) hopes to conclude this summer with a report describing provisional agreement on environmental principles for verified emissions reductions (VERs), but must now confront long-standing issues around the role of REDD+ projects and governance.
Read MoreNew ETF offers high exposure to hydrogen economy
Asset manager VanEck on Wednesday launched a new ETF focused on companies that generate at least 50% of their revenues from hydrogen projects or have the potential to do so.
Read MoreLessons from no deforestation movement helping to shape investors’ views on net zero
Investors networks are increasingly adding interim targets and flexibility into frameworks to evaluate the validity of corporate net zero commitments, building on a decade of trial and error from the no deforestation movement, experts said.
Read MoreFinance shortfall leaves CO2-intensive firms off-track in net zero planning -survey
Carbon intensive companies aren’t transitioning onto mitigation pathways fast enough to meet 2050 net zero emission targets, according to a survey of investors and executives published on Thursday that found respondents mostly blaming a lack of investment.
Read MoreUnilever shareholders to vote on company’s SBTi-aligned net zero emissions plan
Consumer goods giant Unilever, long a leader in the corporate sustainability field, will put its plan for meeting a 2039 net zero emissions target to an advisory shareholder vote in May.
Read MoreMoody’s to explicitly delineate climate risk in all credit ratings
Moody’s Investor Services (MIS) will begin explicitly breaking out environmental, social, and governance (ESG) risk factors and listing them alongside credit ratings this year, panellists at a corporate governance event heard Wednesday.
Read More