Sustainable debt market surges in last five years to exceed $7 trillion -non profit
The global sustainable debt market has surged in activity since 2020, with cumulative aligned issuance now having surpassed $7 trillion, according to the latest data from a non profit.
Read MorePioneer ocean carbon capture developer faces bankruptcy without imminent fundraise
A direct ocean carbon capture developer has issued an urgent call for investment or said it will file for bankruptcy this week.
Read MoreExchange group drafts rules for listed company transition labels
A global exchange industry body has drafted principles for stock exchanges to label listed companies and IPO candidates with credible climate transition plans, it announced Tuesday.
Read MoreClimate disclosures improving, but more focus needed on physical risks, says NZ regulator
Climate-related disclosures are maturing – including on GHG emissions reporting – but more work is needed on specific physical risk disclosures, data, and better links between risks and transition planning, said New Zealand’s Financial Markets Authority (FMA) on Tuesday, following its evaluation of the country’s second year of reporting.
Read MoreBHP doubles down on climate goals, pushes back on reports it’s abandoning net zero ambitions
Australia-based mining giant BHP has restated its climate ambitions and efforts to meet its goals, pushing back on media reports to the contrary.
Read MoreLawsuits by oil majors over CO2 storage risks derailing EU climate goal, NGO warns
Major oil and gas companies are taking the European Commission to court over a rule requiring them to help build carbon storage infrastructure, with the legal battle possibly causing serious consequences for Europe’s climate goals, according to analysis by an NGO.
Read MoreLess than 2% of global cement emissions set to be captured by 2035, report finds
Planned CO2 capture and storage (CCS) projects in the cement sector will capture less than 2% of the industry’s global emissions by 2035, despite the successful launch last year of the world’s first commercial‑scale CCS facility at a Norwegian cement plant, according to a new report.
Read MorePollution data pushes Indian retail investors away from carbon-intensive stocks, study finds
Retail investors in India reduced their exposure to carbon-intensive stocks after nearby air quality monitors made local pollution data more visible, a study released last week has found.
Read MoreEuropean Commission awards €400 mln to heat decarbonisation projects, funded by the ETS
The European Commission has selected 65 projects under the Innovation Fund Heat Auction to receive a total of €400 million to accelerate the rollout of innovative clean heat technologies across European industry, funded by revenue from the EU Emissions Trading System (ETS).
Read MoreBRIEFING: World Bank urges countries to embed carbon pricing, Article 6 plans into climate strategies
Countries need to stop looking at carbon pricing in silos when it comes to long-term climate planning and instead embed it into national strategies from the outset, the World Bank said in two complementary reports.
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