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Few energy companies, electric utilities aligned with 1.5C, research finds

Published 09:22 on November 24, 2021  /  Last updated at 09:23 on November 24, 2021  /  Americas, Climate Talks, EMEA, International  /  No Comments

Only 10% of the world’s largest 140 energy companies have 2050 climate targets aligned with a 1.5C global warming pathway, according to the first assessment of energy transition plans since the COP26 Glasgow UN climate negotiations published on Wednesday.

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VCM Report: VERs ride COP26, crypto wave to new all-time highs

Published 22:01 on November 22, 2021  /  Last updated at 00:09 on November 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.

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Several nations baulk at 2050 net zero shipping goal as IMO talks resume

Published 21:10 on November 22, 2021  /  Last updated at 21:10 on November 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

Several countries attempted to block efforts to raise the shipping sector’s emissions target to a 2050 net zero goal on Monday, as week-long talks begin at the UN’s International Maritime Organization (IMO).

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ANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback

Published 22:08 on November 19, 2021  /  Last updated at 22:09 on November 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.

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Brussels considers setting 2030 carbon removals goal -leaked document

Published 20:44 on November 19, 2021  /  Last updated at 21:37 on December 2, 2021  /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms  /  No Comments

Brussels is considering setting an EU goal to permanently remove 5 MtCO2 a year from the atmosphere by 2030 as part of a wider strategy to develop carbon removals solutions, according to a leaked draft of a European Commission document.

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COMMENT: A Brave New (Article 6) World

Published 19:36 on November 17, 2021  /  Last updated at 19:36 on November 17, 2021  /  Aviation/CORSIA, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Views, Voluntary Market  /  No Comments

Last week’s UN agreement on Article 6 is bullish for the role of market-based mechanisms in supporting global climate action. But the new dawn comes with added complexities, write Sebastien Cross and Tommy Ricketts of BeZero Carbon.

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ANALYSIS: Glasgow could be a ‘game-changer’ for fossil fuel subsidies

Published 15:19 on November 17, 2021  /  Last updated at 15:19 on November 17, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Language on fossil fuel subsidy reform in the decision of the COP26 UN climate conference was dismissed by some as another empty promise, but others believe it could pave the way for drastic cuts in government support for oil, gas, and coal.

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Countries unlikely to raise GHG pledges next year amid muted pressure -experts

Published 19:29 on November 16, 2021  /  Last updated at 21:16 on November 16, 2021  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Other APAC, South & Central, US  /  No Comments

Countries are unlikely to raise the ambition of their Paris Agreement emissions pledges by next year, with richer nations already dismissing the idea and emerging economies not under enough pressure to do more, experts said on Tuesday.

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VCM Report: VER prices stretch records as traders digest Article 6 deal

Published 23:17 on November 15, 2021  /  Last updated at 23:17 on November 15, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standardised, exchange-traded voluntary emissions reductions (VERs) continued to gap to new all-time highs this week though participants said the over-the-counter voluntary carbon market (VCM) was steady on Monday after nations agreed the Paris Agreement carbon credit rulebook this weekend.

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Climate collaboration, EV tax credit concerns to feature in ‘Three Amigos’ summit

Published 20:42 on November 15, 2021  /  Last updated at 13:44 on November 16, 2021  /  Americas, Canada, Climate Talks, International, Mexico, US  /  No Comments

The North American Leaders’ Summit (NALS) this week is set to feature several climate-related discussions, with US President Joe Biden’s administration clinging to the last remaining green provisions of the federal reconciliation bill and Canada arguing a proposed tax credit for American-made electric vehicles (EVs) will harm the country’s auto manufacturing industry.

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