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ExxonMobil sets Scope 1 and 2 GHG emissions intensity targets for 2030

Published 07:02 on December 2, 2021  /  Last updated at 02:40 on December 3, 2021  /  Americas, International, US, Voluntary Market  /  No Comments

US oil and gas major ExxonMobil has for the first time set emissions targets for 2030, extending a commitment that it made last year to cut the emissions intensity of its operations by 2025.

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EU launches response to China’s Belt and Road, with green strings attached

Published 20:59 on December 1, 2021  /  Last updated at 20:59 on December 1, 2021  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

The European Commission, EU member states and financial institutions on Wednesday teamed up to mobilise up to €300 billion towards foreign investments over the next five years, aiming to rival China’s Belt and Road Initiative (BRI) while championing the bloc’s green transition and digital priorities.

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ANALYSIS: Norway’s symbolic first step towards reining in its oil industry

Published 20:19 on December 1, 2021  /  Last updated at 20:55 on December 1, 2021  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Norway’s decision this week to deny oil exploration licences in virgin or little-explored areas in 2022 is seen by experts as a largely symbolic move that nonetheless reflects the mounting pressure on the major fossil fuel producer to curb its exported emissions.

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EU on track to emit double its 1.5C-aligned carbon budget, says veteran climate campaigner

Published 16:16 on December 1, 2021  /  Last updated at 18:01 on December 1, 2021  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

The EU will emit double its 1.5C-aligned carbon budget under its current emissions targets, according to analysis by a veteran climate campaigner published on Wednesday that suggests the bloc will need to raise its ambition further.

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Crypto outfit sells single voluntary carbon credit for $70,000

Published 16:08 on December 1, 2021  /  Last updated at 12:07 on December 2, 2021  /  Asia Pacific, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

A UK-based crypto currency venture has sold a single carbon credit for $70,000 without stating where the unit came from, a price astronomically higher than what units fetch in the voluntary carbon market.

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Steel can go green by 2050 with $278 bln spend, report says

Published 09:16 on December 1, 2021  /  Last updated at 09:18 on December 1, 2021  /  Asia Pacific, Australia, China, International  /  No Comments

Steel can be produced with almost no carbon emissions by 2050 if $278 billion in investment to decarbonise the industry is made over the next three decades, a report released on Wednesday claimed.

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Inpex inks four more “carbon neutral” gas deals

Published 04:22 on December 1, 2021  /  Last updated at 04:22 on December 1, 2021  /  Asia Pacific, International, Japan, Voluntary Market  /  No Comments

Inpex, Japan’s largest oil and gas operator, has signed four separate carbon neutral gas agreements with local Japanese gas and power companies, the company has announced.

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Brussels aims to target foreign producers in methane-cutting efforts

Published 18:25 on November 30, 2021  /  Last updated at 18:25 on November 30, 2021  /  EMEA, EU ETS, International  /  No Comments

The EU should focus on cutting methane emissions from foreign energy producers while improving monitoring of its own relatively smaller output, EU sources said on Tuesday, outlining the bloc’s upcoming plans to help meet the aims of the recently adopted Global Methane Pledge.

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UN aviation body rejects latest offsetter applicants under CORSIA

Published 16:10 on November 30, 2021  /  Last updated at 21:03 on November 30, 2021  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN aviation body ICAO’s Council has rejected all three of this year’s applications for eligibility under its CORSIA carbon offsetting scheme, declining to add the land-based initiatives to the seven programmes approved to date to provide airlines with a supply of carbon credits.

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Position adjustments ahead for top carbon ETF after tracked index rebalances

Published 01:38 on November 30, 2021  /  Last updated at 10:42 on November 30, 2021  /  Americas, Bavardage, Canada, Conversations, EMEA, EU ETS, International, UK ETS, US  /  No Comments

The world’s largest carbon allowance ETF is expected to adjust its holdings – currently valued at almost $1.4 billion – in the coming days after the index it tracks announced a major rebalancing with new market weightings.

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