VCM Report: Damning reports on REDD+ crush prices as buyers retreat
REDD+ avoided deforestation credit prices continued to sink over the past week in the wake of damning reports published in national newspapers about widespread over-crediting in the sector.
Read MoreClimate fintech firm Aspiration becomes foundational investor in nature-based restoration project developer Compassionate Carbon
California-headquartered climate fintech firm Aspiration has become a foundational investor in nature-based restoration project developer Compassionate Carbon, with the two partnering to build several “innovative” initiatives.
Read MoreTwo major airlines eye multi-year carbon credit agreements
Two major airlines are eyeing multi-year agreements to acquire carbon credits, potentially bucking an industry trend that has seen several carriers recently shy away from offsets as a decarbonisation solution.
Read MoreUAE envoy dismisses concerns over oil links, warns on COP global stocktake
The UAE’s climate envoy on Wednesday shrugged off conflict-of-interest concerns about the nation appointing its state oil firm boss as head of upcoming COP UN climate negotiations, while warning that the global stocktake due at the meeting will likely show the planet off-track on global warming goals.
Read MoreADNOC signs CO2 mineralisation, low-carbon ammonia deals
The United Arab Emirates (UAE)’s Abu Dhabi National Oil Company (ADNOC) has signed two deals, one involving a pilot project to mineralise CO2 in rock formations, and the other to create new markets for hydrogen and promote global clean energy value chains, at Abu Dhabi Sustainability Week, the Gulf state’s national oil company announced on Tuesday.
Read MoreACX to explore recycled plastics marketplace in deal with Singapore, UAE partners
AirCarbon Exchange (ACX) has signed a Memorandum of Understanding (MoU) with two companies to identify net zero carbon and recycled plastics opportunities in the Middle East and around the world, the Singapore-based carbon exchange announced on Tuesday.
Read MoreClimate talks’ host UAE bolsters green hydrogen ties with Netherlands, UK
The United Arab Emirates on Friday made plans to advance its green hydrogen cooperation with the the Netherlands and the UK, adding to a pact stuck with Germany by this year’s UN climate talks host and furthering its ambition to becoming a major exporter of the fuel.
Read MoreUAE oil company earmarks $15 bln to reduce carbon footprint
The Abu Dhabi National Oil Company (ADNOC), which bought a 24.9% stake in Austrian oil refining group OMV in December, has earmarked $15 bln for decarbonisation projects to help towards a goal of reducing carbon intensity by 25% by 2030.
Read MoreTurkey publishes solar and nuclear-focused 2035 energy plan, with 4 GW coal rise
Turkey’s ministry of energy has announced a national energy plan through 2035 as part of a 2053 net-zero target, focusing on ambitious solar expansion targets to meet expected strong energy demand growth, nuclear growth, as well as a 4 GW buildout of coal plants.
Read MoreUAE steps up green hydrogen plans with announcement of new solar-powered plant
The UAE has stepped up its hydrogen plans after Masdar, the country’s biggest renewable-energy firm, teamed up this week with Germany’s Uniper to build a new plant in the Middle East country.
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