Group of 17 global banks joins call for international treaty to end use of fossil fuels
Seventeen banks globally have joined calls for a Fossil Fuel Non-Proliferation Treaty to end the use of fossil fuels and have called on the financial industry to follow their example.
Read MorePrivate companies lag on net zero commitments, report says
Public companies are well ahead of their private counterparts when it comes to setting emissions reduction targets and net zero pledges, with a far larger proportion of the latter yet to make any, according to a report released Monday.
Read MoreClimate tech, greener industry play key role in European venture capital recovery
Deals in climate tech and industrial decarbonisation played a key role in driving the recovery of European venture capital in Q1 2024, as investors seek opportunities to tackle the climate crisis, according to an analyst report.
Read MoreEurope’s ‘State of the Climate’ report sees global warming impacts getting worse
Europe was severely impacted by climate change last year, according to data released today by the EU’s Copernicus Climate Change Service and the World Meteorological Organisation, and things seem only to be getting worse.
Read MoreCote d’Ivoire asks Rabobank to suspend carbon credit activities in country amid numerous allegations
The government of Cote d’Ivoire has reportedly asked Dutch bank Rabobank to suspend its carbon credit origination activities in the Nawa region of the country, claiming that emissions reductions previously sold to buyers including Microsoft were state property and contracted to another party.
Read MoreDeveloper, local council sign carbon trading deal to protect 250k hectares of forested land in Tanzania
A Tanzanian project developer has signed an agreement with a local district council to implement a forest conservation scheme covering 250,000 hectares across 14 villages.
Read MoreEU LIFE programme earmarking €28.5 mln for climate change mitigation projects including CDR, CCUS
The EU is allocating €28.5 million in investments towards climate change mitigation projects, including small-scale industrial CO2 removal (CDR) and CCUS initiatives, as part of its LIFE programme, a bloc-wide initiative for funding environmental and climate actions.
Read MoreEnergy Transition Accelerator announces steps forward, US to introduce offset guidance soon
The Energy Transition Accelerator (ETA), a US-led jurisdictional carbon crediting programme, on Friday detailed its recent developments, while the top US climate envoy said that federal guidelines for the use of offsets will be published in the coming days.
Read MoreSBTi boss “regrets distress” caused by proposed change to carbon offset use policy
The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation’s dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.
Read MoreFEATURE: G20, not COP29, key to meeting global climate finance needs
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
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