Australia releases climate risk analysis guidance
The Australian government on Tuesday published guidance for companies to help them analyse and disclose climate risks.
Read MoreCampaigners warn against gas push ahead of EU summit
Europe risks undermining its energy security by pressing ahead with a wave of new gas-fired power plants in Germany, Poland, and Romania that could add 28 billion cubic metres (bcm) to annual gas demand and lock the EU into decades of fossil fuel dependence, a new analysis has warned.
Read MoreFEATURE: New SBTi corporate climate standard sets meaningful internal carbon pricing goalposts, say experts
The introduction of specific price anchors for companies choosing to set an internal carbon price under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, will help to ‘avoid race-to-the-bottom dynamics’ and provide viable financial support to many carbon projects, according to experts.
Read MoreECB climate report shows lower portfolio emissions, higher share of green bonds
The European Central Bank (ECB) saw a further decline in emissions linked to its sovereign and corporate bond portfolios last year, although most of the cuts stem from balance sheet run-off rather than decarbonisation of issuers, according to its latest climate-related financial disclosure.
Read MoreGermany set to miss long-term climate targets under current policies -report
Germany is set to miss its 2030, 2040, and 2045 climate targets under current policies, according to a government-commissioned projection report released last week.
Read MoreNorth American methane mitigation firm raises $2.4 mln, expands well-plugging footprint
A North American methane mitigation and well-plugging company has raised $2.4 million in fresh capital and secured several new energy-sector clients as it expands its remediation operations across the United States and prepares for international growth.
Read MoreInvestors price carbon attention, not carbon itself, crypto study observes
Investors react sharply when an asset’s carbon footprint becomes a prominent public issue, but do not systematically price changes in underlying emissions, according to new research using cryptocurrency markets as a natural experiment.
Read MoreANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.
Read MoreSB64: Civil society groups urge COP31 hosts to lead fossil fuel transition
A coalition of civil society organisations from Turkiye, Australia, and the Pacific has urged the incoming COP31 presidency team to use this year’s UN climate summit to accelerate the transition away from fossil fuels.
Read MoreScientists say 15% of global warming lies outside Kyoto-era climate ‘basket’, urge overhaul
Climate policies are overlooking up to 15% of global warming because they focus on a decades-old “basket” of greenhouse gases while ignoring other pollutants that indirectly heat the planet, according to a new paper.
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