Few energy companies, electric utilities aligned with 1.5C, research finds
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.
Read MoreVCM Report: VERs ride COP26, crypto wave to new all-time highs
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.
Read MoreSeveral nations baulk at 2050 net zero shipping goal as IMO talks resume
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).
Read MoreANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback
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.
Read MoreBrussels considers setting 2030 carbon removals goal -leaked document
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.
Read MoreCOMMENT: A Brave New (Article 6) World
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.
Read MoreANALYSIS: Glasgow could be a ‘game-changer’ for fossil fuel subsidies
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.
Read MoreCountries unlikely to raise GHG pledges next year amid muted pressure -experts
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.
Read MoreVCM Report: VER prices stretch records as traders digest Article 6 deal
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.
Read MoreClimate collaboration, EV tax credit concerns to feature in ‘Three Amigos’ summit
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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