UK carbon markets initiative appoints new chair
The UK Carbon Markets Forum (CMF) has appointed a new chair from a major global consultancy, as it seeks to accelerate the growth of global credit markets and deepen engagement across the financial sector.
Read MoreFormula 1 cuts carbon footprint 35%, says on track for net zero emissions
Formula 1, the top tier of international motorsport, has reduced its carbon footprint by 35% from its 2018 baseline and remains on track to becoming a net zero sport by 2030, according to its latest sustainability report.
Read MoreStudy maps global emissions to asset owners, finds sharp carbon inequality
Emissions linked to privately owned assets are highly concentrated among the world’s wealthiest individuals, found an analysis published this week, highlighting what researchers described as a blind spot in climate policy.
Read MoreOcean CDR initiative to launch $5 mln RFP to fund expansion of global network for alkalinity enhancement research
An ocean carbon removal research initiative on Wednesday unveiled plans to launch a $5 million funding round aimed at expanding a global research network for ocean alkalinity enhancement (OAE), as interest grows in marine CDR technologies but questions remain over their scalability, environmental impacts, and monitoring requirements.
Read MoreEvery dollar a company invests in emissions reduction generates up to $7 in return -report
Every dollar that a company invests in emissions reduction generates an average of $2.40 in return, and in some cases up to $7 over its lifetime, according to the latest report by an environmental disclosure non-profit.
Read MoreEXCLUSIVE: European emitters boost shareholder payouts while receiving free EU carbon permits, data shows
Big European steel and petrochemical firms benefiting from free EU carbon allowances have channelled billions of euros into share buybacks since 2022 while scaling back green investments, according to data compiled for Carbon Pulse ahead of a crunch summit this week.
Read MoreUN 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.
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