Asian 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 MoreEmissions from EU-based oil majors estimated to cause €1.5 trillion in climate damages worldwide, says non-profit
The emissions from oil and gas produced by EU-based companies since the 2015 Paris Agreement are set to cause an estimated €1.5 trillion in climate damages worldwide, with three oil majors alone responsible for over two-thirds of that total, according to analysis by an environmental campaign group.
Read MoreActivists challenge Ukraine carbon projects, despite no registry approval to date
Environmental activists are demanding answers about several agricultural carbon credit projects in Ukraine, arguing that insufficient transparency surrounding the initiatives raises concerns about the integrity of future carbon credits that could be generated under the voluntary carbon market.
Read MoreIndia wasting renewable power as coal cannot ramp down further -report
India is wasting some of its renewable electricity because coal-fired power plants cannot wind down any further during periods of peak solar generation during daytime, making battery storage a necessity, according to a report published Wednesday.
Read MoreUK, Belgium ink landmark deal to open cross-border CO2 storage route
Belgium and the UK have signed a memorandum of understanding (MoU) under the London Protocol to enable the cross-border transport and permanent storage of Belgian industrial CO2 in UK offshore storage sites, in what industry body CCSA hailed as a major step toward a Europe‑wide carbon storage market.
Read MoreNGO lays out roadmap to boost tech-based CDR in the US, flags $5 bln in unspent federal funds
Increasing research and development, building out infrastructure, creating durable markets, and strengthening standards and measurement, monitoring, reporting, and verification could help tech-based carbon removals to scale in the US, according to a report from an NGO.
Read MoreCarbon tech startup secures Austrian grant for CO2 mineralisation analytics lab
A Vienna-based climate tech startup has secured Austrian government support to establish what it describes as the world’s first integrated laboratory dedicated to assessing the CO2 storage potential of mineral materials.
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.
Read MoreMajor firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
Read MoreOil and gas majors set to boost output despite climate goals -study
Nearly a dozen major oil and gas companies are planning to increase their oil and gas output, exceeding the reductions needed to limit global warming and even to meet projected demand growth in the next few years, according to a study published on Thursday.
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