Major firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
Read MoreOil and gas majors set to boost output despite climate goals -study
Nearly a dozen major oil and gas companies are planning to increase their oil and gas output, exceeding the reductions needed to limit global warming and even to meet projected demand growth in the next few years, according to a study published on Thursday.
Read MoreCanadian environment groups sue Carney government over climate rollbacks
A group of Canadian nonprofits and advocacy groups filed a lawsuit against the federal government, seeking a judicial review of its alleged failure to bring the Emissions Reduction Plan for 2030 (ERP) into compliance, listing over 30 instances of environmental rollbacks as of June.
Read MoreWashington state adopts updated forest offset rule for cap-and-invest programme
Washington state regulators adopted revisions to the US forest offset protocol under its cap-and-invest programme on Tuesday, finalising changes intended to make the crediting framework more applicable to the state’s forests while responding to comments on permanence and Tribal land constraints.
Read MoreSB64: Climate finance tensions tainting talks across topics in Bonn
Political tensions around the issue of climate finance are seeping into and tainting progress in negotiations across other topics at annual mid-year UN climate talks in Bonn this week.
Read MoreSB64: Status quo falls short of Belem biofuels pledge, but policy signals can drive growth -panellists
The status quo will be insufficient to reach a Belem pledge to quadruple the use of sustainable fuels by 2035, but the right policy signals and can help drive growth in the emerging sector, experts said during mid-year UN climate talks.
Read MoreSB64: “At least” 14 more projects to receive host party approval by end of month -official
“At least” 14 additional projects, but hopefully more, will receive host party approval (HPA) to transition to Paris Agreement Crediting Mechanism (PACM) from the Clean Development Mechanism (CDM) by the deadline at the end of this month, a UN official said on Tuesday.
Read MoreNet zero CO2 emissions by 2045, fossil fuel phaseout by 2070, can limit warming to 1.5C -study
Global CO2 emissions need to reach net zero by 2045, followed by all GHG emissions around 2060, in order to limit warming to 1.5C in the long run, according to analysis published on Tuesday.
Read MoreNew framework seeks to raise bar for voluntary low-carbon fuel procurement
New guidance published on Tuesday by a carbon management advisory seeks to provide voluntary buyers of low-carbon fuels with a unified framework for assessing quality across a fragmented and rapidly evolving market.
Read MoreArticle 6 implementation advances as bilateral cooperation, PACM continue to grow
Momentum behind the implementation of Article 6 of the Paris Agreement continues to build, according to the latest implementation status update from a partnership tracking the progress of UN carbon markets, with five new bilateral trade agreements inked in the past month.
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