New 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.
Read MoreUzbekistan needs clearer Article 6 rules before scaling carbon trades, report finds
Uzbekistan has laid the groundwork for Article 6 carbon market participation, but still needs clearer rules on authorisation, corresponding adjustments, registry operations, and monitoring, reporting, and verification (MRV) before it can scale credible international carbon trades, according to a report.
Read MoreMajority of Europeans support carbon pricing, according to poll
Some 59% of citizens polled across major European countries support carbon pricing for industrial emitters, according to a public opinion survey published on Wednesday.
Read MorePacific Islands Forum Secretariat floats regional climate finance taxonomy
Developing a Pacific Regional Climate Change Taxonomy would help improve transparency around climate-related expenditures and strengthen donor trust, said a report.
Read MoreClimate tech accelerator opens sixth intake, expands scope to AI-enabled carbon solutions
The Carbon to Value Initiative (C2V Initiative) has opened applications for the sixth cohort of its ‘carbontech’ accelerator, seeking startups developing carbon capture, utilisation, and removal technologies as well as AI-enabled tools designed to accelerate commercial deployment.
Read More$8 bln clean energy project scrapped in Louisiana
A planned clean energy project in Louisiana will not proceed after failing to meet internal financial return criteria, its developer announced Tuesday.
Read MoreEuropean developer files for bankruptcy after funding efforts fall short, seeks buyer for ocean carbon removal technology
A Dutch direct ocean carbon capture (DOC) developer has filed for bankruptcy after failing to secure the funding needed to continue operations, despite having demonstrated its technology, secured public grants, and attracted investor interest.
Read MoreEU states, oil and gas firms face key deadline on CO2 storage obligation
Oil and gas companies covered by the EU’s Net Zero Industry Act (NZIA) carbon storage obligation, along with 11 member states, face key compliance deadlines by close of business on Tuesday as Brussels moves to turn the bloc’s CCS ambitions into concrete projects, a senior European Commission official said.
Read MoreMajor insurers still lagging on climate, nature commitments despite mounting risks -report
The world’s largest insurers continue to underwrite and invest in activities driving climate change and biodiversity loss, despite mounting evidence that these same risks are making large parts of the world increasingly difficult to insure, according to a report published on Tuesday.
Read MoreGermany-backed CDR programme coordinates plan to scale up research
Researchers from a carbon removal (CDR) initiative backed by around €33 million from the German government are advancing work into scaling up engineered and land-based removals, the programme has announced.
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