UPDATE – VCM sees shift to pricier carbon credits as volume drops, says report
This year has seen a shift in the voluntary carbon markets, with demand gravitating towards pricier, higher quality carbon credits that bring other benefits in addition to mitigating greenhouse gas emissions, according to a report published on Tuesday.
Read MoreUPDATE – Verra unveils new REDD methodology that aims to increase collaboration with national governments
Carbon credit certifier Verra on Monday announced its new REDD methodology for protecting forests, saying it hopes it will bring more dependable results, increase confidence and trust in the market, and create a pipeline of natural climate solutions.
Read MoreGlobal methane pledge hanging in the balance due to lack of funding and oversight, says NGO
A global pledge made two years ago to reduce methane emissions is not delivering due to lack of funding and shortcomings in its governance framework, and could miss its objectives without action, according to analysis published on Monday.
Read MoreGold Standard seeks views on new method to spur a just transition from coal
Carbon credit certifier Gold Standard on Thursday launched a consultation on a new methodology for phasing out coal power while ensuring a just transition to clean energy, adding to the voluntary carbon market initiatives seeking to accelerate the world’s exit from the emissions-intensive fossil fuel.
Read MoreUK government extends climate levy reduction for companies that meet emissions targets
The UK government on Wednesday said it is extending to 2030 climate levy reductions for companies that meet emissions targets, among other measures to bolster the path to net zero and reassure investors in green industries, in a finance statement that was lighter on climate policy than some had hoped.
Read MoreUK, South Korea will sign clean energy partnership to “double down” on climate commitments
The UK and South Korea are set to sign a clean energy partnership on Wednesday to boost cooperation on low carbon technologies, renewables including offshore wind, and tackling climate change.
Read MoreUPDATE – Countries must increase ambition or face global warming of up to 2.9C, says UN report
Nations must go further than their current Paris Agreement pledges in order to be on track to meet targets to curb global warming or face a temperature rise of up to 2.9C this century, according to a UN report Monday that has prompted UN chief Antonio Guterres to urge leaders to “drastically up their game”.
Read MoreUPDATE – UK government to invest £4.5 bln in green industry grants and subsidies
The UK government on Friday announced it will invest £4.5 billion in subsidies and grants for green industry from 2025, with just under half going to the electric vehicle sector and £1 bln to green energy including hydrogen.
Read MoreClimate targets that rely heavily on carbon removals may break international law, says new research
Countries that set climate targets that depend heavily on the removal of carbon dioxide could be breaking international law given both the uncertainties when it comes to the technology and the potential detraction from making cuts to emissions, according to new research.
Read MoreMore fossil fuel wealth should be funnelled into loss and damage finance, says report
The world’s biggest oil and gas companies could have afforded to pay for the loss and damage associated with the fossil fuels they produced over the past few decades, and more of this wealth should be funnelled into loss and damage funds, according to a report published on Thursday.
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