Australia, Turkiye outline climate finance efforts in partnership through first COP31 joint presidency letter
Turkish COP31 President Designate Murat Kurum and Australian COP31 President of Negotiations Chris Bowen published their first joint open letter on Thursday, pledging to continue the work of previous climate summit presidencies, support the implementation of Nationally Determined Contributions (NDCs) and National Adaptation Plans, and expand climate finance globally.
Read MoreUS standards board issues update for environmental credit accounting, disclosure
The Financial Accounting Standards Board (FASB) issued new guidance for companies to improve financial accounting and disclosure of environmental credits.
Read MoreUK carbon prices to go ‘sky-high’ without EU linkage, says trader
UK carbon prices are likely to outstrip those in the EU by 2029 if the two schemes remain unlinked due to higher underlying demand from British power and industrial sectors expected over the coming years, according to a trading and analytics firm.Â
Read MoreWorld Bank toolkit urges countries to draw on existing standards in voluntary carbon market rules
Developing countries should build clear domestic rules for carbon crediting while relying where possible on established international standards and infrastructure to avoid slowing market access, the World Bank said in a legal guide published this week.
Read MoreSBTi shifts focus to implementation in new strategy to help corporates to net zero
The Science Based Targets initiative (SBTi) has unveiled a new 2026-30 strategy that will see it pivot from a generalised approach to more tailored support across sectors and geographies for corporates aiming to reach net zero, with a direct reference in the plan to the possible use of ‘high-integrity’ carbon credits as a “complement” for emission reductions.
Read MoreCompanies delaying carbon removal purchases amid policy uncertainty -survey
Demand for carbon removal (CDR) may be stalling, despite rising corporate net zero commitments and growing recognition that they will be needed later this century for wider global climate goals, a new policy brief based on interviews with corporate sustainability leaders has found.
Read MoreBrussels greenlights €1.3 bln German renewable hydrogen scheme
Brussels has approved a €1.3 billion German state aid scheme to boost the production of renewable hydrogen, the European Commission announced on Wednesday.
Read MoreANALYSIS: EU opening for Article 6 in CBAM sends “positive signal” for credit demand, but puts climate credibility at risk
Allowing EU importers to deduct international carbon credits from their Carbon Border Adjustment Mechanism (CBAM) fees is an endorsement of the UN’s Article 6 carbon markets – but some worry it may come at the expense of the mechanism’s climate integrity.Â
Read MoreWorld is turning to solar after energy shocks, still chance to limit warming to 2C -analysts
Solar will become the world’s largest generator of electricity by 2032 amid a rush to energy self-sufficiency, and there is still a chance to limit global warming to 2C by century-end if countries become “serious” about net zero goals, according to a new report.
Read MoreNew UK nuclear plant carries taxpayer risk and relies on big assumptions, says audit
The UK government’s delivery model for its new conventional nuclear plant places more risk on taxpayers and consumers than other electricity projects, and relies on big assumptions of projected benefits, according to a National Audit Office (NAO) report.
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