California increases diesel consumption in February while maintaining gasoline emissions YoY
California emissions from gasoline consumption slightly decreased in February year-on-year while diesel emissions increased over the same period, according to state data.
Read MoreDeforestation engagement tool launches for the financial sector
A coalition of 23 NGOs launched a tool this week, aimed at helping financial institutions engage with corporates on deforestation.
Read MoreBRIEFING: World Bank urges countries to embed carbon pricing, Article 6 plans into climate strategies
Countries need to stop looking at carbon pricing in silos when it comes to long-term climate planning and instead embed it into national strategies from the outset, the World Bank said in two complementary reports.
Read MoreCarbon markets face âmission creepâ as COP32 implementation clock ticks
Carbon markets risk failing to reach their true potential because governments and industry groups have overloaded them with ideological and regulatory demands, said experts on Friday, warning that âmission creepâ was undermining efforts to mobilise climate finance.
Read MoreTwo project developers awarded Singapore EDB grant for expansion
Two carbon project developers have been awarded support from Singaporeâs Economic Development Board (EDB) through its Carbon Project Development Grant, they announced separately.
Read MoreRGGI emissions surge 16% YoY in Q1, data shows
Verified emissions reported under US Northeast and Mid-Atlantic power sector cap-and-trade scheme RGGI skyrocketed 16% year-on-year (YoY) in Q1, according to recently updated programme data.Â
Read MoreBASIC countries’ snub of CORSIA could slash effectiveness by a quarter, study warns
A growing standoff between major emerging economies and the UN aviation offsetting mechanism CORSIA could slash the schemeâs effectiveness by almost a quarter during its upcoming âmandatoryâ phase, according to a new academic paper that warns equity concerns are threatening the future of the market.
Read MoreWCI Markets: CCAs hit four-month highs ahead of ARB rulemaking vote
California Carbon Allowance (CCA) futures continued to creep higher over the last week, hitting four-month highs above $30 in the lead-up to Wednesday’s Q2 auction and next week’s vote on planned programme updates.
Read MoreCanadian climate investor advocacy group closes down, cites lack of regulatory change, legal consequences
After five years of shareholder engagement targeting the enforcement of voluntary net zero commitments, a Canadian investor advocacy group announced they are sunsetting as investor accountability is not sufficient to manage climate risk and drive decarbonisation outcomes from the countryâs financial institutions and strongest emitters.
Read MoreUS standards board issues update for environmental credit accounting, disclosure
The Financial Accounting Standards Board (FASB) issued new guidance for companies to improve financial accounting and disclosure of environmental credits.
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