European bank buys SAF to help cut its supply chain emissions
A European bank and airline have teamed up to increase to supply the airline with sustainable aviation fuel (SAF), helping to cut the bank’s supply chain emissions.Â
Read MoreBrussels taps ETS cash for €2.5 bln clean energy push in poorer EU countries
The European Commission and European Investment Bank (EIB) have released a fresh €2.5 billion tranche from the EU’s Modernisation Fund to support 51 energy-sector projects in 11 lower-income EU member states, using revenues from the EU Emissions Trading System (ETS).
Read MoreMalawi eyes carbon markets to help fund its third climate plan
Malawi has highlighted carbon markets as one of the financing mechanisms it intends to use to implement a more ambitious third Nationally Determined Contribution (NDC), as the climate-vulnerable African nation seeks to bring in greater domestic and international support for emissions reductions.
Read MoreSingapore companies show early climate efforts, but target-setting lags far behind -survey
Singapore shows mixed progress on corporate decarbonisation, with the majority of companies reporting active efforts but only a quarter having actually set emissions reduction targets, a survey found.
Read MoreSingapore exchange enhances climate disclosures portal to ease reporting for listed companies
The Singapore Exchange Group (SGX) announced enhancements on Thursday to its sustainability disclosures platform, further streamlining mandatory reporting for over 600 SGX-listed companies.
Read MoreMedia company signs agreement to pilot emissions tracking, offsetting programme
A US-based media company has signed an agreement to begin tracking and offsetting production emissions in 2027 at a rate of $20 per credit.
Read MoreAI looms large over Big Tech sustainability reports
Two of the world’s largest technology companies reaffirmed their long-term climate targets in sustainability reports released this week, while acknowledging that AI is making them harder to achieve.
Read MoreEurope’s biomethane production hits 8 bcm/year, backed by EU carbon price signal
Europe’s biomethane industry has crossed 8 billion cubic metres (bcm) of annual production capacity for the first time, with planned investments rising to €36 billion, a move the industry says is increasingly underpinned by the EU’s carbon price signal.
Read MoreUK to cut £2 bln from energy department to fund defence
The UK will seek to find £2 billion of savings from energy projects to help fund its newly announced £15 bln Defence Investment Plan, government estimates indicate.
Read MoreNew SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
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