Shell digs deep for share value as oil and gas profits fall, with renewables sidelined
Shell’s investment in green energy flatlined last year, despite strong voluntary carbon market activity, as its leadership spearheaded a refocus on fossil fuels, but the pivot failed to stop profits dropping amid falling oil prices, annual results confirmed Thursday.
Read MoreBRIEFING: Pre-arranged finance for disaster response is key to climate resilience, say experts
Anticipating climate crises before they happen and pre-arranging finance for disaster response will lessen the economic impact and improve the ability to respond to the effects of climate change in a fair and equitable manner, experts have said.
Read MoreEurope’s hydrogen buildout risks extending gas dependence -report
Europe’s strategy of converting gas-fired power plants into hydrogen facilities is running behind schedule and risks acting as a front to continue investments in fossil infrastructure, a study by a global energy think tank has revealed.
Read MoreNature risk company raises €3.8 mln in seed funding
Nala Earth has raised €3.8 million in seed funding towards its goal of helping to integrate nature risk into corporate decision-making and spur ecosystem restoration, bringing the total amount raised to €5.5 mln.
Read MoreUPDATE – UK could use ITMOs as last resort to hit ambitious climate target in 2035
The UK could use international carbon credits to meet its climate targets under the Paris Agreement, although only as a last resort if domestic mitigation policies struggle, the government announced Thursday.
Read MoreCanadian firm to provide dMRV service for major Article 6 cookstoves programme in Nigeria
A greenhouse gas software service provider has partnered with an African cookstoves developer to support digital quantification and verification of carbon credits resulting from the distribution of millions of improved cookstoves across Nigeria over the next five years.
Read MoreUK microalgae carbon removal startup sells first credits to European insurer
A UK-based carbon removal developer has sold its first credits under a multi-year offtake agreement to a large European insurance firm, they announced Thursday.
Read MoreNorway to launch next phase of forest satellite data programme
Norway’s rainforest protection initiative is preparing to launch a new phase of its satellite data programme later this year to strengthen monitoring of deforestation, forest degradation, and biodiversity in tropical forests, the government announced this week.
Read MoreAI-powered platform launches to advance corporate action on nature
An AI-powered business intelligence unit launched on Thursday to help private organisations take action on nature, including exploring opportunities in the nascent biodiversity credit market.
Read MoreSwiss startup raises further $16 mln for scaling PFAS destruction technology
A Zurich-based startup has raised $16 million in seed funding to scale its economically sustainable technology aimed at destroying per- and polyfluoroalkyl substances (PFAS) molecules from wastewater, the company announced Thursday.
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