BRIEFING: Experts from vulnerable countries call for higher quality, wider range of climate financing
A consortium of think tanks focused on developing countries vulnerable to climate disasters called for enhanced quality and an expanded scope of funding sources in global climate finance ahead of COP29 in a webinar Thursday.
Read MoreEuro Markets: EUAs weaken steadily on gas pressure, before late TTF plunge drops carbon €1 after window
European carbon prices ended the month of October 1.5% lower from a month earlier, dragged lower on Thursday by falling natural gas and breaking below a key technical support mid-morning, before a late plunge in gas prices dragged EUAs down by €1 to a six-day low.
Read MoreGhana biochar producer receives finance to launch carbon removal project
A Ghana-based producer of biochar from coconut husks has received investment from a development finance institution to expand its business and to launch a carbon removal project in West Africa.
Read MoreBRIEFING: Carbon credits risky, yet key to net-zero goals -webinar
Businesses still see carbon credits as a high-risk investment, citing limited policy guidance and a market rife with controversy, speakers told a webinar this week, but corporate offsetting is key to reaching net-zero goals and could soon become mandatory.
Read MoreTransition Plan Taskforce sees momentum in reporting and disclosure on climate, as it bids goodbye
More companies than ever are disclosing their plans for transitioning to net zero emissions and aligning their strategies accordingly, with financial institutions increasingly using these plans to drive investment towards sustainable solutions, the Transition Plan Taskforce (TPT) found in its final report as it closed shop on Thursday.
Read MoreEU greenhouse gas emissions drop in 2023, next targets seen needing to maintain momentum
Emissions in the EU fell significantly in 2023, but clear and predictable policies are essential to maintaining momentum, according to two separate reports released on Tuesday.
Read MoreAlliance of asset owners trims annual emissions and sets near-term targets
An alliance of large asset owners committed to reaching net zero has so far cut emissions by an average 6% per year since launching, with most members setting decarbonisation targets for 2025 in line with the Paris Agreement goals, according to the group’s latest progress report.
Read MoreTotalEnergies sees direct emissions rise in third quarter
TotalEnergies emitted more direct greenhouse gasses in the third quarter because of increasing gas-fired power plant use in the US and Europe, the energy company revealed Thursday.
Read More1.6C warming achievable with faster clean tech adoption, report says
Limiting global warming to 1.6C will be a monumental task but achievable, as renewable capacity installations are smashing records and the costs of clean technologies are falling rapidly, according to an energy consulting firm.
Read MoreShell trims investment in renewables and energy solutions to 8% of spending budget
Shell’s dash for gas reaped dividends in the third quarter, but a green activist shareholder group warned backtracking on renewable investments was jeopardising the future of the company.
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