Gucci buys half a million forest carbon credits from Cambodia
Italian luxury clothing and accessory brand Gucci has bought 500,000 forestry carbon credits from Cambodia, local media reported, citing a government spokesperson.
Read MoreSwitzerland to source 5 mln UN offsets after chemical firm discovers unreported emissions
Switzerland will buy 5 million UN carbon credits as part of a plan to cover recently-discovered chemical plant emissions that have potentially been discharged for decades.
Read MoreLow-cost EU airline emissions dip in January
Two of Europe’s biggest low-cost airlines have reported a dip in in-flight emissions to start the year.
Read MoreNorway sets out higher Paris GHG pledge as world awaits more
Norway committed to increase its UN Paris Agreement emissions pledge on Friday, one of very few countries and less than a year ahead of the start of the climate pact that is drastically falling short of its global warming target.
Read MoreSwiss get 25 entries in latest bid for Paris-era carbon credits
Switzerland’s carbon credit procurement agency received 25 submissions under its second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.
Read MoreNorwegian oil firm Equinor broadens climate goal to include its products
Norway’s Equinor is joining other major European oil and gas companies in setting a target to rein in emissions including those from the fuel it sells, leaving the door open for using offsets to help meet the goal.
Read MoreUK government sacks COP26 climate summit boss
The UK government has sacked the president of this year’s UN climate talks in Glasgow, announcing that the position will be made a ministerial role.
Read MoreGermany ‘names and shames’ more airlines for EU ETS non-compliance
The German government has ‘named and shamed’ another handful of airlines for failing to comply with the EU ETS, admonishing flagship carriers from Russia and Iraq.
Read MoreCOP26 seen as “last chance” to forge Paris carbon trading rulebook
The 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.
Read MoreWorld Bank sets November deadline for remaining REDD deals
The World Bank Forest Carbon Partnership Facility (FCPF) will sign deforestation reduction agreements with its remaining 14 countries by the end of November, as the deals viewed as a possible base for international emissions trade begin to stack up.
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