With Article 6 rules agreed, experts stew over how emissions trade will work
Four months on from a UN emissions trade deal, governments remain puzzled over how host countries should authorise international transfers and many other practicalities, a virtual meeting heard this week.
Read MoreFEATURE: Facing rising climate costs, ports are crucial for shipping decarbonisation
The global shipping and ports industries face long-term climate impact costs rising up to $25 billion annually in the absence of action to cut emissions, but ports are lagging on mitigation despite the key role they potentially play for the shipping sector to adopt a net zero goal.
Read MoreSingapore, Indonesia ink MoU on climate change, sustainability cooperation
Singapore and Indonesia have signed a memorandum of understanding (MoU) for cooperation on carbon pricing, climate change, and sustainability, Singapore’s National Climate Change Secretariat (NCCS) announced on Monday.
Read MoreTributes after senior UN, voluntary carbon markets negotiator dies
Tributes are pouring in for one of the developing world’s foremost climate negotiators, who died this week just days after advancing efforts to improve the environmental integrity of the voluntary carbon markets.
Read MoreCarbon removal startup acquires funds for ocean-based pilot projects, offers carbon credits
A Nova Scotia-based carbon removal startup has raised nearly $8 million to build pilot facilities to deploy its proprietary carbon transition technology, which aims to speed up the earth’s natural process of removing carbon from the air and safely storing it in the ocean, the company announced on Friday.
Read MoreClimate Impact X launches platform for companies to navigate VCM
Singapore-based Climate Impact X (CIX) has launched a digital platform for businesses and carbon project suppliers to list, discover, compare, buy, and retire quality carbon credits, the exchange announced on Wednesday.
Read MoreExpert group to develop methodology tools for Article 6
A group of international experts has launched an initiative to hammer out basic tools for developing methodologies for carbon projects under Article 6 of the Paris Agreement.
Read MoreSmooth operators: Oil and gas firms’ bid to stay relevant in energy transition
The oil and gas industry converged on Houston this week for its flagship CERA Week event in a much-changed environment compared to the last time the conference was held in person in 2019.
Read MoreCOP27 host Egypt eyes closer links with US energy majors
Egypt is forging closer ties with US energy majors Chevron and ExxonMobil ahead of its November hosting of COP27 UN climate negotiations, the nation’s energy minister told a conference on Wednesday while speaking of his plans to export clean hydrogen to Europe.
Read MoreArticle 6 deal seen spurring growth in robust carbon markets worldwide
The approval of an international emissions trading rulebook under the Paris Agreement’s Article 6 last year will provide the framework needed for further growth in more transparent compliance and voluntary carbon markets, according to panellists speaking at an industry conference on Tuesday.
Read More