UK pushes for global IMO shipping levy, confirms maritime sector to join ETS from 2026
The UK government is pushing for the quick adoption of a global levy on shipping emissions after announcing on Tuesday that domestic maritime emissions will be cut by at least 30% by 2030 and 80% by 2040, with the sector coming into the ETS from next year.
Read MoreEuropean Commission, Eurocontrol to cooperate in monitoring aviation emissions
The European Commission has signed a new cooperation agreement with Europe’s civil-military organisation, setting out new monitoring, reporting, and verification of aviation emissions outside of CO2, they announced on Tuesday.
Read MoreVerra suspends four VVBs involved in rice carbon over-crediting scandal
Verra has suspended four validation and verification bodies (VVBs) that were involved in reviewing the 37 rice cultivation projects in China that the standard rejected last year after a whistleblower raised concerns about their integrity.
Read MoreMajority of countries ramping up renewables ambition in updated NDCs -report
A total of 15 of the 19 countries that have submitted updated Nationally Determined Contributions (NDCs) under the Paris Agreement are planning to increase their renewable energy ambition ahead of 2035, according to a report by two non-profit research and campaign groups.
Read MoreIndonesia has seen $1.1 bln allocated through JETP, ministry says
Indonesia has received $1.1 billion in international funding via the Just Energy Transition Partnership (JETP), a ministerial update said Monday, as the government stressed the US’s withdrawal would not affect other countries’ commitment to the initiative.
Read MoreLargest shipping companies avoid taxes that could raise billions for climate -report
The world’s 10 largest shipping companies raised record profits of around $300 billion in the last five years, but paid less than half the average corporation tax rate, according to a new report by a non-profit, which highlights the impact a potential global levy could have on climate.
Read MoreEU’s 2040 climate target likely to be delayed, Commission admits
Days after confirming its commitment to publish a 2040 climate target proposal before the end of March, the European Commission made an about-turn on Monday, admitting that the deadline will likely be missed.
Read MoreVCM Report: Removals in focus after SBTi unveils new draft framework, fails to shift needle for demand
Durable carbon removals (CDR) dominated the headlines last week after the Science Based Target initiative (SBTi) released its long-awaited draft of version 2 of its Corporate Net-Zero Standard for public consultation.
Read MoreTransparency gaps in carbon removal, forestry raise doubts over 2050 net zero targets -report
A lack of transparency in national climate strategies, particularly around the role of engineered carbon removal (CDR) and land-use, land-use change, and forestry (LULUCF), is raising doubts over the credibility of 2050 net zero targets, according to a report released over the weekend.
Read MoreShell head of voluntary carbon sales joins REDD+ developer
The head of oil major Shell’s voluntary carbon offset sales team has joined a REDD+ project developer, they announced Monday.
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