Environmental groups urge DRC to pause carbon market law, warning over governance risks
Environmental groups in the Democratic Republic of the Congo (DRC) have called on the government to halt its proposed carbon market legislation, warning that the draft law risks undermining existing governance reforms and investor confidence by advancing without sufficient consultation.
Read MoreInternational think tank publishes simulator to support governments designing carbon market frameworks
An international advisory company and think tank announced on Tuesday a new scenario-based simulation model to help governments designing their own carbon market frameworks.
Read MoreUtilities giant flags water scarcity, waste management as key nature-related business risks under TNFD
A French-headquartered utilities company has identified water withdrawals, resource regeneration, and hazardous waste management as some of its most material nature-related dependencies, impacts, and financial risks in its latest Taskforce on Nature-related Financial Disclosures (TNFD) assessment.
Read MoreEuro Markets: EUAs give up Monday’s gain amid steady day-long selling, as gas jumps on tanker attack
EU carbon allowances gave up all Monday’s price gains from Tuesday and more, as sellers came to the fore despite the approaching reduction in EU auction volumes as the REPowerEU programme is expected to end on Thursday, while energy markets rallied after an LNG tanker was attacked overnight.
Read MoreMajor AI governance frameworks ignore risks to nature
Two influential blueprints for governing Artificial Intelligence cover national security, job security, and human freedom, but fail to address AI’s vast potential to accelerate resource extraction and the destruction of nature, a campaign group said during the UN’s inaugural dialogue on AI governance in Geneva this week.
Read MoreEU clean tech chief pushes back against lowering ETS emissions cap
Teresa Ribera, the EU’s clean technology chief, is at odds with European Commission President Ursula von der Leyen over how steeply carbon allowances under the EU’s Emissions Trading System (EU ETS) should decline each year, according to multiple sources.
Read MoreEU plans to cut livestock emissions 16% by 2040, stops short of binding target
The European Commission on Tuesday unveiled a strategy to reduce greenhouse gas emissions from the bloc’s livestock sector, saying technology and targeted farm support could cut emissions by at least 16% by 2040, while stopping short of proposing a dedicated emissions target for the industry.
Read MoreUK water investment programme could anchor billions in nature finance, policy brief says
England’s water industry investment programme could become one of the country’s largest long-term sources of nature finance if regulators and utilities expand the role of catchment-scale and nature-based solutions, according to a policy brief published on Tuesday.
Read MoreEU auditors say flagship home renovation fund failing to cut energy use
Billions of euros in EU funding to improve the energy efficiency of homes are falling short of the bloc’s climate and energy objectives, the European Court of Auditors has warned in a new report published on Monday.
Read MoreKenyan carbon developer puts technology platform, factory up for sale
Koko Networks, the Kenyan-based bioethanol and clean cooking developer that folded in February after failing to secure an agreement to sell credits internationally under the Paris Agreement, is selling its technology platform and factory.
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