UN review raises issues with Zimbabwe’s carbon market rules and registry
A UN technical review has flagged inconsistencies and lacking transparency in Zimbabwe’s carbon market infrastructure, including its national carbon registry, rules for collecting revenues, and the country’s first Article 6 project – although the government did clarify many of the issues.
Read MoreISO opens consultation on global net zero transition planning standard
The International Organization for Standardization (ISO) opened a public consultation on Wednesday on a draft international standard for net zero transition planning.
Read MoreAsian miners lag on ESG implementation, report says
Miners across Asia have broadly adopted environmental, social, and governance policies, but many are struggling to implement those commitments, according to a report published on Wednesday.
Read MoreMajor oil and gas companies spent over $273 mln lobbying for favourable US carbon market rules, investigation finds
Oil and gas companies have spent over $273 million to bolster carbon credit use in California’s emissions trading scheme, as well as shape early governance of climate-related market risks at a US financial regulator, a report found.
Read MoreOil and gas majors set to boost output despite climate goals -study
Nearly a dozen major oil and gas companies are planning to increase their oil and gas output, exceeding the reductions needed to limit global warming and even to meet projected demand growth in the next few years, according to a study published on Thursday.
Read MoreBrazilian mining giant puts carbon pricing at centre of $2.5 bln decarbonisation plan
A Rio de Janeiro-headquartered mining company has mapped nearly $2.5 billion in estimated decarbonisation-related spending and warned that carbon pricing mechanisms could cost the company up to $4 bln from 2030 onwards, according to an annual report.
Read MoreClimate disasters push EU states into role of insurer of last resort
Europe’s governments face mounting fiscal risks from climate disasters as extreme weather becomes more frequent and severe, with public budgets increasingly filling the gap left by inadequate insurance coverage, a report warned on Tuesday.
Read MoreBRIEFING: EU eyes ‘Governance 2.0’ to turn national climate plans into investment roadmaps
The European Commission is preparing a major overhaul of the EU’s energy and climate governance rules, aiming to turn national planning from a reporting exercise into what officials described as “credible investment roadmaps” for the post-2030 energy transition.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read MoreConsumer groups target EU energy majors over ‘green’ gas offers
EU consumer groups have lodged a greenwashing complaint with the European Commission and national consumer protection authorities against energy majors Engie, Eni Plenitude, Shell, and TotalEnergies over allegedly misleading marketing of “green” energy offers that still rely heavily on fossil gas.
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