CDM hits dual milestones ahead of UN carbon offset scheme’s potential conclusion
The UN’s Clean Development Mechanism (CDM) passed two noteworthy milestones this month, as countries prepare to determine whether to wind up the project-based carbon finance programme.
Read MoreEU nations scrambling to halt rising illegal trade in super-pollutants
The EU is battling to curb surging illegal imports in potent Chinese-made F-gases, with smugglers set to bring in products this year with more global warming impact than the greenhouse gas emissions of a mid-sized European country.
Read MoreTax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF
A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.
Read MoreShell expands carbon neutral driving offer to UK with land offsets
Oil major Shell will offer British drivers the chance to offset their carbon footprint, it said on Thursday, expanding from its Dutch initiative as part of a global commitment to invest $300 million in land-based emissions-curbing initiatives.
Read MoreFormer Polish Environment Minister Szyszyko passes away
Poland’s former Environment Minister Jan Szyszko died on Wednesday at the age of 75, the government announced.
Read MoreGerman cabinet approves tweaked climate package, sending it to parliament
Germany’s ministerial cabinet on Wednesday approved the government’s new €54 billion climate plan after making a few tweaks, sending the proposals to tackle non-EU ETS emissions for passage by parliament and state lawmakers.
Read MoreNew Zealand PM firm on need for agriculture emission cuts amid ETS talks
New Zealand Prime Minister Jacinda Ardern on Wednesday reiterated the need to reduce carbon emissions from agriculture and the opportunities such action might bring, speaking amid a domestic row that is delaying plans for how to bring the sector into the NZ emissions trading scheme.
Read MoreArticle 6 failure at COP25 could force bilateral carbon market links, experts say
Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.
Read MoreLondon-based carbon investment firm assembles expert team ahead of fund launch
A London-based investment management firm has appointed a cast of carbon trading industry veterans as staff and advisors as it prepares to launch a global environmental markets fund.
Read MoreLow-cost EU airline emissions dive in September
Two of Europe’s biggest low-cost airlines posted a month-on-month decline in their carbon emissions in September.
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