UAE carbon developer explores partnership with bank to accelerate climate investments
An aggressive UAE-based carbon credit developer has signed a Memorandum of Understanding with the Gulf nation’s biggest bank aimed at advancing green investments as the country gears up to host this year’s UN climate negotiations.
Read MoreFar more work needed to drive clean hydrogen uptake despite increase in projects, IEA says
Policy and direct investment need to match interest and rhetoric if hydrogen is to become a genuine source of large-scale clean energy, and project delays are to be expected given “stubborn” cost pressures, the International Energy Agency said Friday.
Read MoreBRICS expansion will transform bloc into world leader for renewables, net exporter of energy -report
The expansion of the BRICS bloc is going to transform the group into a global leader in renewables, making it a net exporter of primary energy in the coming decades, according to a report released this week.
Read MoreANALYSIS: Cloud of reputational risk continues to hang over voluntary carbon buyers
Negative media coverage continued to dominate discussions during a carbon conference in New York held this week, as stakeholders in the voluntary market reacted to fresh reports from a newspaper that has persistently criticised corporate credit use, with fears of reputational risk threatening to further depress buying activity.
Read MoreCalifornia introduces international initiative to address methane emissions
California on Wednesday announced an international climate initiative targeting methane reduction and mitigation, as seven signatories from six countries participated in the launch event at New York Climate Week.
Read MoreSwiss entity raises fuel levy to buy an extra $663 million worth of ITMOs
A Swiss foundation is raising the fee it charges fuel distributors to help source a huge amount of international carbon credits required by a change in the nation’s climate law.
Read MoreIncentives work when it comes to renewable transition, says Norway PM
Incentives work in persuading people to switch to renewables, Norway’s Prime Minister Jonas Gahr Store said Thursday, pointing out that by 2025 there will be no new sales of fossil fuel-powered cars in the country.
Read MoreEuro Markets: EUAs post sharp gain amid strong auction and gas support as UKAs continue to fall
EU carbon prices posted robust gains on Thursday after a strong auction outcome triggered steady buying and firmer gas prices lent support, while UK Allowances slid to yet another record low as traders fretted about bearish political signals and speculated over whether UKA prices were set to test an auction reserve price.
Read MoreExperienced European sustainability leaders more willing than newbies to pay more for high-integrity carbon credits -survey
Experienced European corporate sustainability leaders would be willing to pay as much as 82% more for high-integrity carbon credits due to an understanding of the benefits they bring over low-quality units, according to a survey published on Thursday by a carbon credit marketplace.
Read MoreINTERVIEW: Credit buyers can receive financial returns as well as offsets when investing in first VCM-designated forestry fund
Companies are being offered the prospect of both meeting their emissions reduction obligations and receiving a financial return by investing in the first company to receive the London Stock Exchange Group (LSEG)’s voluntary carbon market designation, according to the co-founder of the exchange company’s first listed natural capital and forestry fund.
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