Russian lawmakers give initial nod to nation’s first climate law
Russian lawmakers gave preliminary approval on Tuesday to the country’s first climate law, which aims to enable emissions trade and require large polluters to report their GHG output.
Read MoreCanada eyes CBAM consultation as budget sets out more stringent climate target
The Canadian government will soon launch a consultation process on a carbon border adjustment mechanism (CBAM), while it also looks to CCUS tax credits and other climate funding strategies to hit a more ambitious GHG reduction goal, according to the proposed federal budget published Monday.
Read MoreAnalysts cautious over US-China climate message, mood more upbeat in Japan
Analysts have welcomed the joint US-China statement on climate change released over the weekend but warned against lifting expectations too high, whereas the outlook in Japan is brighter after a bilateral announcement made on Friday.
Read MoreCOMMENT: Climate action claims are the new frontier for robust carbon accounting
Instruments to reduce emissions need to be clearly ranked for their environmental integrity and associated with robust claims that provide an accurate representation of the impacts achieved, argues Marion Verles of SustainCERT, adding that having civil society formulate a consensus on what can and can’t be done with offsets would go a long way in reassuring corporates and citizens that the market is trustworthy.
Read MoreEnhanced US Paris target of 50% emissions cut feasible but ambitious -researchers
A near doubling in the US’s Paris Agreement emissions reduction target is within reach, but still requires contributions from all economic sectors, researchers said Thursday.
Read MoreUS businesses worth $3 trillion back enhanced Paris target at upcoming Climate Summit
More than 300 businesses and investors active in the US have called on President Joe Biden to deliver a Paris Agreement target that roughly doubles the previous commitment made under Barack Obama’s administration, according to a letter published Tuesday.
Read MoreINTERVIEW – Making the grade: London-based startup launches carbon offset ratings service
The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: The Risk of Diverting Carbon Finance from Nature to Technological Carbon Removals
Increasingly, engineered carbon removal technologies are pitched against nature-based solutions to tackle the climate crisis – particularly in the voluntary carbon markets. Will forests be passed over to benefit from carbon finance – again?
Read MoreREDD.plus executes first private-sector sale of national-level credits in test of UNFCCC as carbon standard
The REDD.plus trading platform has executed the first-ever purchase by a private sector buyer of jurisdictional-scale deforestation reduction credits, serving as a key test for national-level carbon offsets generated under the UN climate agency.
Read MoreEver Given-inspired Greek startup floats carbon offset scheme from disrupted ships, planes
A new Greek startup, inspired by the beached cargo ship that briefly blocked the Suez Canal, is floating the idea of generating carbon offsets from the incident and other similar events that feature disruptions to global trade or transport, including the movement of fossil fuels.
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