BRIEFING: All the new climate initiatives to expect from the European Commission’s next five-year term
The new European Commission has a wide range of climate initiatives in store for the next five years – as President Ursula von der Leyen keeps climate change at the heart of her second mandate while shifting the focus to implementation and industrial policy, according to the mission letters she sent to her team of commissioners-designate.
Read MoreBNG metric fails to capture invertebrate biodiversity, study says
The metric used for implementing England’s biodiversity net gain (BNG) policy does not accurately capture invertebrate biodiversity abundance, a pre-print paper has suggested.
Read MoreBP drops goal to cut oil and gas output, targets new fossil investments -media
BP has reportedly abandoned its goal to cut oil and gas output by a quarter by 2030 and is instead eyeing investments to scale up output, as management resets the company’s energy transition strategy in a bid to regain investor confidence.
Read MoreINTERVIEW: African pilots plan to generate biodiversity credits across 300,000 ha
An initiative to generate biodiversity credits across more than 300,000 hectares in Uganda and Zambia has been speaking with authorities about creating enabling policy, Carbon Pulse has learned.
Read MoreArticle 6 body adopts sustainable development tool
The body mandated to shape the UN’s Article 6.4 carbon crediting mechanism has adopted a sustainable development tool, as it also scrambles to ready guidance ahead of COP29 next month.
Read MoreINTERVIEW: ‘A tonne is not a tonne’ – Changing the approach to voluntary carbon crediting could unlock much-needed scale
In order to scale, the voluntary carbon sector must shift its approach, adopt a more conservative stance to crediting, and move past the “the myth of fungibility”, a senior executive at Amazon told Carbon Pulse.
Read MoreFEATURE: ‘Panic’ as EU’s new green product reporting rules come into effect
Manufacturers across the globe are bracing for new ecodesign reporting obligations in Europe, with full disclosure of the carbon content and wider environmental footprint of products soon becoming obligatory for any company placing goods on the EU market.
Read MoreNew one-stop solution created for airlines to buy CORSIA, voluntary carbon credits
Two companies have teamed up to offer airlines a one-stop solution for climate action via a portfolio of voluntary credits that includes those eligible for the UN’s international aviation offsetting scheme.
Read MoreDubai summit highlights plans for UAE carbon registry
An Emirati resolution to establish a national registry of carbon credits aligned with Article 6 of the Paris Agreement earned special mention at the World Green Economy Summit held in Dubai this week.
Read MoreEuro Markets: EUAs test key support early and late, shrugging off brief rally as bears remain in charge
European carbon prices recorded their sixth five-day decline in the last seven weeks, with bears still firmly in charge as they ended the period just shy of a key support level and selling pressure pushing the market to new six-month lows, while UK Allowances resumed their decline.
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