UK banks invested £1 bln in ‘forest risk’ companies, undermining national pledge -report
UK banks have invested more than £1 billion in companies tied to deforestation risks worldwide since COP26, defying the country’s 2021 Glasgow climate commitments, according to analysis released on Wednesday.
Read MoreExperts warn against relaxing EU’s anti-deforestation regulation
Europe should reward sustainable forestry practices rather than profit-seeking from logging activities, researchers have said, echoing calls from left-wing lawmakers in the European Parliament who reject a recent proposal to delay the EU’s anti-deforestation regulation by one year.
Read MoreEU ministers want lower energy prices and an end to all Russian gas imports
Energy ministers agreed on Tuesday that the EU needs to ramp up efforts to tackle high energy prices, with a majority also calling for an end to Russian LNG imports that are still managing to make their way into the EU.
Read MoreEuro Markets: EUAs resume close link to natural gas as energy weakens on easing Middle East tensions
European carbon prices continued to strengthen their correlation to natural gas on Tuesday, fluctuating in line with the TTF after the two markets had disconnected early in the month, as they followed the energy complex lower amid easing geopolitical tensions in the Middle East.
Read MoreNature-based carbon platform adds forest screening, monitoring function
A nature-based platform has teamed up with a tech firm to offer combined screening and monitoring of forest carbon projects.
Read MoreGermany awards first ‘climate contracts’ to support industry with transition
Fifteen firms in Germany have been awarded support guarantees in the first round of the country’s novel climate contracts for difference (CCfD) scheme, established to help industrials with the transition towards net-zero goals, with payouts linked to EU ETS prices.
Read MoreBRIEFING: ‘Huge uncertainty’ in US carbon markets if Trump re-elected, as integrity bodies plough on with guidelines
There is “huge uncertainty” around what would happen to US carbon markets regulations if the openly-climate sceptic former President Donald Trump is re-elected in November, according to the co-chair of the Integrity Council for the Voluntary Carbon Market (ICVCM).
Read MoreEU needs policy for “nature-inclusive” solar, TNC says
The European Union should develop policies in support of “nature-inclusive” solar parks with biodiversity net gain, urged a report commissioned by The Nature Conservancy (TNC) that was published on Tuesday.
Read MoreUK energy-from-waste incinerators almost as emissions-intensive as coal-fired power, finds analysis
Burning household rubbish in giant incinerators is now the dirtiest way the UK generates electricity after the closure of the last coal-fired power plant in the country, analysis published Tuesday has found.
Read MoreFrench biotech startup raises €3.3 mln to produce carbon-negative rubber
A French biotech startup has raised €3.3 million in pre-seed funding to accelerate the development of its carbon-negative natural rubber.
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