FEATURE: Corporates excited about new SBTi climate standard’s nod to market instruments
Companies are “excited about finally having clarity” on using market instruments to show progress towards their climate targets under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, say consultancies referring to the standard’s “incredible ripple effect”.
Read MoreOPEC sees no peak in oil demand amid energy security concerns
OPEC sees “no peak oil demand” coming soon as governments around the world rethink climate and energy policies given recent concerns, according to its latest long-term outlook which claims crude will retain the largest share of the global energy mix through to 2050.
Read MoreSB64: Geopolitical tensions fuel stalemate in Bonn, raising expectations for COP31
Climate negotiators ended two weeks of talks in Bonn with mixed results, as geopolitical conflicts over climate finance and fossil fuels limited technical and diplomatic movement in most areas, largely leaving the international climate community eyeing November’s COP31 summit for greater progress.
Read MoreWCI Markets: CCAs breach $32, WCAs drop to record lows
California Carbon Allowance (CCA) prices climbed steadily through the week to break past $32, while Washington Carbon Allowance (WCA) prices dropped over 8% week-on-week (WoW).
Read MoreIndependent monitoring could serve jurisdictional, investor needs in J-REDD+, speakers say
Independent due diligence on jurisdictional claims will be increasingly necessary for generating buyer-facing confidence in jurisdictional REDD+ (J-REDD+) programmes, speakers said during an online event on Thursday.
Read MoreCountries need regulatory frameworks to fill integrity gaps for carbon credit markets -report
Regulatory oversight should be viewed as an enabling condition to scale up carbon credit markets, according to new research.
Read MoreNortheast, West Coast states set EV policy foundation despite US federal backtrack -report
California and Massachusetts are best incentivising consumers to transition to EVs amid policy rollbacks from the Trump administration, according to a new report.
Read MoreINTERVIEW: US super pollutant credits developer targets Global South food supply chain expansion
A US-based developer of super pollutant credits is targeting rapid expansion into Central and South America as food supply chains increasingly shift into the region, according to its CEO. Â
Read MoreBanks’ climate impacts more likely to create transition than physical risks, paper says
Banks’ own climate-impacting activities are more likely to create transition-risk exposure through investors, clients, policymakers, or litigation than to materially increase their own physical climate risks, according to a new working paper on double materiality.
Read MoreCLARIFICATION – INTERVIEW: Engineering advisory determines water-based CCS startup to be competitive with traditional amine-based methods
A US carbon capture and storage (CCS) startup announced on Thursday positive analysis from a large, independent engineering consultancy about the price competitiveness of its water-based technology, the founder told Carbon Pulse.
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