South Korea needs to get in gear to hit NDC, paper warns
South Korea is nowhere close to meeting its Nationally Determined Contribution (NDC) without doubling its current yearly emissions reductions or the heavy use of international offsets, a paper from two think tanks has warned.
Read MoreMajor meat producer set to miss deforestation pledge, report finds
An investigation has found that meat producer JBS is likely to miss its goal to eliminate deforestation in its Amazonian supply chain.
Read MoreIndia announces draft emissions intensity targets for obligated entities
India’s Ministry of Environment, Forest, and Climate Change has announced the draft emission intensity targets for obligated industries under the compliance mechanism of Carbon Credit Trading Scheme (CCTS).
Read MoreMajority of business executives favour a speedy shift from fossil fuels to renewables -survey
Nearly eight out of 10 senior executives around the world say they favour a speedy shift from fossil fuels towards renewables-based electricity within the next decade, found a survey released on Tuesday.
Read MoreNZ ETS participants to shun 2025 auctions -analyst
A downturn in New Zealand’s emissions allowance prices suggests that none of the emissions trading system (ETS) auctions this year will clear, according to a market analyst.
Read MoreWorld’s top emitters still ambiguous on NDC ambition, says WRI
While some major emitters have set near-term climate targets that could be considered ambitious using certain criteria, none feature goals for 2030 and 2035 that are sufficiently aligned with the Paris Agreement on closer inspection, the World Resources Institute said on Tuesday.
Read MoreTech giant’s CDR headline buying masks lack of new investors, warns report
Microsoft’s splurges in buying carbon removal (CDR) credits mask a market struggling to find new buyers, according to a report published Monday.
Read More“Tariffs in disguise”: EU CBAM sparking plethora of new green trade barriers
The EU’s Carbon Border Adjustment Mechanism (CBAM) is giving rise to a plethora of copycats around the world that are really meant as tariffs, according to an expert consultant who warned about “a nightmare” when it comes to implementation.
Read MoreINTERVIEW: Developing countries need national tools to supplement int’l climate finance
Amid huge shortfalls in international climate finance during a ‘triple crisis’ of nature, climate, and burdensome debt, developing countries must apply new models and policies to unlock domestic and private sector funding, according to the co-chair of a high-level expert review.
Read MoreKorean companies accused of investing in ‘inflated’ cookstove carbon projects amid integrity concerns
A report released Monday said South Korean companies have invested in overseas cookstove projects that could have received as much as 18 times more carbon credits than the emissions reductions they actually achieved.
Read More