UAE carbon developer explores partnership with bank to accelerate climate investments

Published 14:48 on September 22, 2023  /  Last updated at 14:48 on September 22, 2023  /  EMEA, Middle East, Nature-based, Paris Article 6, Voluntary  /  Comments Off on 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.

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Far more work needed to drive clean hydrogen uptake despite increase in projects, IEA says

Published 10:51 on September 22, 2023  /  Last updated at 12:37 on September 22, 2023  / Helen Clark /  Americas, Asia Pacific, EMEA, International  /  Comments Off on Far 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.

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BRICS expansion will transform bloc into world leader for renewables, net exporter of energy -report

Published 10:25 on September 22, 2023  /  Last updated at 10:25 on September 22, 2023  / Nikita Pandey /  Africa, Americas, Asia Pacific, China, EMEA, International, Middle East, Other APAC  /  Comments Off on BRICS 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.

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ANALYSIS: Cloud of reputational risk continues to hang over voluntary carbon buyers

Published 23:00 on September 21, 2023  /  Last updated at 23:24 on September 21, 2023  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary  /  Comments Off on ANALYSIS: 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.

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California introduces international initiative to address methane emissions

Published 22:14 on September 21, 2023  /  Last updated at 23:48 on September 21, 2023  / Bijeta Lamichhane /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Other APAC, South & Central, US  /  Comments Off on California 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.

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Swiss entity raises fuel levy to buy an extra $663 million worth of ITMOs

Published 19:31 on September 21, 2023  /  Last updated at 20:12 on September 21, 2023  / Paddy Gourlay /  Africa, Americas, Asia Pacific, EMEA, International, Paris Article 6, Switzerland  /  Comments Off on Swiss 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.

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Incentives work when it comes to renewable transition, says Norway PM  

Published 19:13 on September 21, 2023  /  Last updated at 22:29 on September 21, 2023  / Ben Garside /  Climate Talks, EMEA, International  /  Comments Off on Incentives 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.

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Euro Markets: EUAs post sharp gain amid strong auction and gas support as UKAs continue to fall

Published 17:27 on September 21, 2023  /  Last updated at 17:52 on September 21, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS  /  Comments Off on Euro 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.

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Experienced European sustainability leaders more willing than newbies to pay more for high-integrity carbon credits -survey

Published 16:47 on September 21, 2023  /  Last updated at 16:55 on September 21, 2023  / Bryony Collins /  EMEA, International, Voluntary  /  Comments Off on Experienced 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. 

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INTERVIEW: Credit buyers can receive financial returns as well as offsets when investing in first VCM-designated forestry fund

Published 15:44 on September 21, 2023  /  Last updated at 16:07 on September 21, 2023  / Bryony Collins /  EMEA, Nature-based, UK ETS, Voluntary  /  Comments Off on INTERVIEW: 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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