US rescinds $4 bln in pledged funding for Green Climate Fund, removes climate stress testing from banks
The administration of US President Donald Trump has rescinded previously pledged funding to the UN’s Green Climate Fund (GCF) amounting to some $4 billion, alongside a pullback of voluntary climate risk determinations from major US banks.
Read MoreUS DOE to advance Trump’s inauguration plans
The US Secretary of Energy appears to be making good on President Donald Trump’s promise to “unleash” fossil fuels with a new order moving forward plans announced in the president’s inaugural speech.
Read MoreNew Jersey judge dismisses state’s climate lawsuit against oil companies
A New Jersey state judge has dismissed a lawsuit filed against several oil giants that sought to hold the oil companies liable for alleged damages wrought by climate change.
Read MoreAnalysts expect record voluntary carbon credit retirements in 2025, excluding CORSIA demand boost
A carbon analytics firm has said it expects nearly 200 million tonnes CO2 in voluntary carbon market (VCM) retirements in 2025, with the possibility of substantially more if demand from the UN’s CORSIA international aviation offsetting scheme materialises.
Read MoreBrazil’s Pantanal has more than strong potential for carbon projects -report
Brazil’s Pantanal biome – which represents the world’s largest wetlands area – has the potential to host carbon credit projects on 1.2 million hectares, according to a report by a Brazilian think tank.
Read MoreClean Cooking Alliance seeks feedback on code of conduct ahead of ICVCM decision
The Clean Cooking Alliance (CCA) is seeking feedback on a new code of conduct to ensure responsible financing in the sector, as it waits to discover if any carbon crediting methodologies pass the Integrity Council of the Voluntary Carbon Market’s (ICVCM) quality test in the coming months.
Read MoreGoogle spent over $100 mln on carbon removals in 2024
US tech giant Google spent over $100 million on contracting carbon removal last year, three times more than it had initially planned, the company said Thursday, hinting it would continue to scale up investment in the sector this year.
Read MoreUS stops funding for LEAF Coalition amid wider foreign aid suspension
Washington has suspended funding for the forest finance LEAF Coalition initiative as part of a wider withdrawal from foreign aid under the new administration of President Donald Trump.
Read MoreEnvironmental standard launches consultation on nature stewardship credit framework
An environmental standard announced on Thursday it has opened a public consultation on its framework for Nature Stewardship Credits (NSCs), setting out eligibility criteria for biodiversity conservation and restoration projects with demonstrated social benefits.
Read MoreOrsted slashes investment plans in wake of Trump’s offshore wind lease suspension
The world’s biggest offshore wind developer Orsted has slashed investment by 25% up to 2030 in the wake of challenges to the renewable energy industry and the decision by US President Donald Trump to suspend new leases for offshore wind in the US.
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