Brazil formalises voluntary REDD+ market from UN-backed programme
The Brazilian government has approved the creation of a voluntary forest offset market, an outgrowth of the UN Green Climate Fund’s inaugural foray into schemes designed to cut emissions by halting deforestation.
Read MoreChemicals firm BASF to publish CO2 footprint of all its products
Germany-based chemicals giant BASF plans by the end of 2021 to publish the carbon footprint of all the nearly 45,000 products it sells, in an effort to drive emissions cuts across its supply chain, it said on Wednesday.
Read MoreGlobal commodities firm launches AI-powered solution for ‘private wire’, carbon-neutral energy
A global commodities firm has launched an AI-powered business to offer industry and SMEs a low-cost path to achieving ‘private wire’ energy supply and net zero emissions.
Read MoreRussia “extremely concerned” by EU carbon border tax plans, says could break WTO rules
Russia is “extremely concerned” about the EU’s plans to introduce a carbon border adjustment mechanism (CBAM) to prevent carbon leakage, the country’s economic development minister said on Thursday.
Read MoreSouth Africa set to launch carbon offset administration platform
The South African government will on Thursday launch its carbon offset administration platform, which will help developers to submit project applications and emitters to surrender credits against their national CO2 tax obligations.
Read MoreShipping to buoy EU ETS coverage by 8-9% -analysts
Including shipping in the EU ETS would increase the market’s scope by 8-9%, though the impact on allowance prices would depend on the sector’s emissions cap and level of free allocation, analysts said.
Read MoreInvestors call on ICAO to deliver net zero aviation emissions goal with minimal offsetting
ICAO and national governments must set a long-term and binding GHG goal for global air travel ahead of COP26 next year, while countries should consider a market mechanism for afforestation and other measures in their net zero-aligned COVID-19 recovery plans, said a report from a UN-convened group of investors released Wednesday.
Read MoreCarbon Pulse adds another EU correspondent as Brussels becomes global climate action epicentre
Carbon Pulse has further expanded its roster of reporters, hiring a new Brussels-based correspondent to enhance the company’s news coverage and data analysis during a crucial period for both EU climate policy and the continent’s energy markets.
Read MoreUN launches 2020 tender to buy 224k Gold Standard CERs
The UN has opened a tender to buy just over 224,000 Gold Standard CERs to offset the organisation’s annual emissions.
Read MoreNorway pays Indonesia for cutting 11.2 MtCO2e under forestry deal
Norway has paid Indonesia for reducing greenhouse gas emissions by 11.2 MtCO2e, the first payment under a 10-year-old bilateral forestry deal after a smaller transfer flagged last year never materialised.
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