Gold Standard launches second public consultation of coal phase-out methodology

Published 14:21 on November 5, 2024  /  Last updated at 14:21 on November 5, 2024  / /  Africa, Americas, Asia Pacific, EMEA, Middle East, Voluntary

The second public consultation on Gold Standard’s coal plant decommissioning methodology launched Tuesday, seeking additional feedback on leakage, embodied emissions, and just transition requirements.

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FII24: INTERVIEW – Global North compliance schemes should be open to Global South credits, says Kenyan DAC CEO

Published 10:18 on November 1, 2024  /  Last updated at 10:18 on November 1, 2024  / /  EMEA, EU ETS, Middle East, UK ETS, Voluntary

Compliance carbon markets in the Global North should be open to accepting high-quality carbon removal credits from Africa, with any argument to the contrary illogical, the CEO of a Kenyan direct air capture (DAC) project developer told Carbon Pulse.

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FII24: Carbon registries urged to integrate AI into methodologies

Published 07:06 on October 31, 2024  /  Last updated at 07:06 on October 31, 2024  / /  EMEA, Middle East, Nature-based, Voluntary

Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said. 

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FII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO

Published 18:35 on October 30, 2024  /  Last updated at 18:35 on October 30, 2024  / /  EMEA, Middle East, Voluntary

Saudi Arabia has global ambitions for its soon-to-launch carbon credit exchange, and is aiming for the platform to compete with the CBL exchange that currently dominates voluntary carbon market trades, the CEO of the country’s state-backed VCM company told Carbon Pulse on Wednesday.

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FII24: Saudi Arabia to launch compliance carbon market within three years, close behind voluntary exchange -minister

Published 15:09 on October 29, 2024  /  Last updated at 17:15 on October 30, 2024  / /  EMEA, Middle East, Voluntary

Saudi Arabia is looking to launch a national compliance carbon market in the next two to three years, the country’s energy minister revealed on Tuesday.

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FII24: “Massive” hydrogen company to launch in Saudi Arabia, with Europe a key target market

Published 15:04 on October 29, 2024  /  Last updated at 15:22 on October 29, 2024  / /  EMEA, EU ETS, Middle East

A ‘massive’ green hydrogen company is set to be launched by Saudi Arabia’s Public Investment Fund, with European industrial companies a key target market.

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UAE pilot project makes cleaner steel from renewable hydrogen

Published 14:57 on October 28, 2024  /  Last updated at 14:57 on October 28, 2024  / /  EMEA, Middle East

The United Arab Emirates’ state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.

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Financial GHG emissions accounting protocol steps up efforts in MENA region

Published 00:01 on October 23, 2024  /  Last updated at 14:45 on October 21, 2024  / /  Africa, EMEA, Middle East, Voluntary

An industry-led greenhouse gas emissions accounting protocol for financial institutions, used by public sector and civil society decarbonisation standards, is expanding into the Middle East and North Africa, it announced on Wednesday.

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Share of fossil fuel power falling to 50% across BRICS group, driven by Chinese solar -report

Published 14:54 on October 22, 2024  /  Last updated at 14:54 on October 22, 2024  / /  Americas, Asia Pacific, China, EMEA, International, Middle East

The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday.

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Up to $41 bln in World Bank climate finance is unaccounted for, Oxfam reveals

Published 00:45 on October 19, 2024  /  Last updated at 00:45 on October 19, 2024  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Middle East, Other APAC, South & Central

Up to $41 billion in World Bank climate finance, almost 40% of the total funds the institution has disbursed over the past seven years, is unaccounted for, according to a new report by Oxfam published on Thursday.

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