EasyJet, Airbus in pact to offset emissions using carbon removals credits

Published 18:14 on October 9, 2023  /  Last updated at 18:14 on October 9, 2023  / /  Americas, Aviation/CORSIA, EMEA, International, Voluntary

UK-headquartered budget airline EasyJet confirmed on Monday it had formally signed up to Airbus’ carbon removal credits scheme, through which it will buy credits to offset the emissions of its planes and operations.

Read More

“Trepidation” as SMEs get to grips with EU’s CBAM reporting rules that run deep

Published 18:47 on October 5, 2023  /  Last updated at 14:52 on October 19, 2023  / /  Carbon Taxes, CBAM, EMEA, EU ETS

Small and medium-sized companies are finding implementing the EU’s carbon border adjustment mechanism (CBAM) challenging, say consultants and business groups, as the new system’s reporting requirements come into force this month and impact hundreds of products.

Read More

IMF calls on governments to set minimum carbon prices alongside climate spending

Published 18:30 on October 2, 2023  /  Last updated at 18:30 on October 2, 2023  / /  Carbon Taxes, International

Policymakers around the world must work together to tackle climate change by setting minimum carbon prices as well as removing trade barriers, avoiding subsidy races, and finding ways to “crowd-in” private financing, the International Monetary Fund said on Monday.

Read More

EU businesses raise alarm over red tape cost impact as CBAM launch looms

Published 18:15 on September 28, 2023  /  Last updated at 11:54 on September 29, 2023  / /  Carbon Taxes, CBAM, EMEA, EU ETS, International

European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.

Read More

Global shipping needs bold collaborative action to decarbonise -UN report

Published 12:30 on September 27, 2023  /  Last updated at 14:52 on October 19, 2023  / /  International, Shipping

Global shipping needs swift action and collaboration via economic incentives to decarbonise while ensuring a just and equitable transition, according to a UN report released Wednesday that appeared to downplay concerns by some nations that a carbon levy would hinder trade particularly among poorer nations.

Read More

Path to limit warming to 1.5C has narrowed but world has tools to transition much faster, says IEA

Published 06:00 on September 26, 2023  /  Last updated at 14:53 on October 19, 2023  / /  Climate Talks, International

Governments need to separate climate from geopolitics so the transition to renewable energy can go much faster using tools the world already has, in order to keep on the narrowing path to curb global warming, according to the IEA in a report published Tuesday.

Read More

Growing divergence between ambition and reality in global efforts to reach net zero emissions –report

Published 00:00 on September 20, 2023  /  Last updated at 17:26 on September 19, 2023  / /  International

The world needs to be decarbonising at almost seven times the current rate to stay on track to meet the goals of the Paris Agreement, according to research published Wednesday.

Read More

Countries make patchy progress on power sector decarbonisation amid signs of hope -analysts

Published 15:00 on September 19, 2023  /  Last updated at 19:14 on September 18, 2023  / /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Japan, Mexico, Other APAC, US

Countries have made mixed progress in decarbonising their power sectors in line with Paris Agreement targets but there are some signs of hope, with finance key to developing countries meeting fossil fuel phase-out targets, according to research published on Tuesday. 

Read More

European Investment Bank and UN agree pact to expand reach of climate and development financing

Published 13:46 on September 19, 2023  /  Last updated at 13:53 on September 19, 2023  / /  Climate Talks, EMEA, International

The European Investment Bank and five UN institutions announced Tuesday an agreement aimed at increasing the impact of climate and development financing by making it easier to work on joint projects.

Read More

California sues five oil majors, demanding they pay their ‘fair share’ for climate damage

Published 12:39 on September 18, 2023  /  Last updated at 15:42 on September 18, 2023  / /  Americas, International, US

California is suing five of the world’s largest oil companies, alleging that executives have deceived the public for decades about how fossil fuels have been damaging health and the environment while relying on taxpayers to foot the bill.

Read More