FEATURE: CSRD challenges loom for businesses, but compliance tools offer path forward
Businesses across Europe and beyond face mounting challenges to meet its stringent reporting requirements, as the EU’s Corporate Sustainability Reporting Directive (CSRD) comes into force on Jan. 1, according to experts.
Read MoreFEATURE: European climate NGOs face bleak future as funding dwindles
European climate advocacy groups are worried about their future — and the future of the causes they care about — as their government funding dries up and public backlash rises.
Read MoreFEATURE: Social acceptance of the Green Deal at a minimum endangers EU ETS2
The second chapter of the EU’s Emissions Trading System risks being delayed and watered down if governments leverage certain clauses aimed at protecting vulnerable people, as political clashes within the bloc continue to undermine the reputation and very existence of the European Green Deal.
Read MoreFEATURE: CSRD to spell end of companies cherry-picking how they disclose climate risk
The requirement for many large companies to start disclosing under the EU’s Corporate Sustainability Reporting Directive (CSRD) from next year will improve the quality and consistency of reporting on ESG issues, bringing it up to investor-grade quality on par with other financial disclosures, experts have said.
Read MoreFEATURE: Cookstove carbon project developers optimistic about ICVCM, even if sector shunned for quality label
Clean cooking carbon project developers are generally optimistic about the Integrity Council for the Voluntary Carbon Market’s (ICVCM) assessment process, even if methodologies are rejected from the organisation’s quality stamp.
Read MoreFEATURE: Canadian oilsands still silent on environmental targets, six months into new greenwashing laws
The once-public emissions reductions targets of Canadian oilsands companies remain absent six months following the introduction of new greenwashing laws, as uncertainty persists regarding specifics of what can be held to account under the new mandate.
Read MoreFEATURE: Sinking biomass in anoxic basins attracts scientific interest but no guarantee of regulatory approval
Several startups are proposing sinking biomass in anoxic basins, such as the Black Sea, to sequester carbon and generate removal credits, though they face hurdles related to wider scientific approval and regulatory sign-off before they can move ahead.
Read MoreFEATURE: Carbon markets will almost certainly be counted towards climate finance goal, even without specific mention
The money flowing into international carbon markets could be counted in future tallies of global climate finance — although the lack of a specific mention in the final agreement on a new global goal at COP29 means that the extent to which this happens, and how trust in the market is ensured, is largely up in the air.Â
Read MoreFEATURE: EU weighs touchy question of whether to count international carbon credits towards CBAM
The EU is weighing how its Carbon Border Adjustment Mechanism (CBAM) should treat the international credits included in the carbon pricing schemes of other countries — with climate experts and industry representatives divided on whether these should be deductible from border fees.
Read MoreFEATURE: Carbon market experts see huge potential for crediting SF6 emissions mitigation from grid expansion
Market experts see significant potential in crediting the reduction of sulphur hexafluoride (SF6) emissions linked to grid expansion in the power sector and the clean energy transition, with a German government-backed initiative also looking at the role of carbon finance in the relatively untapped field of mitigation.
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