Cameroon plans to mobilise Article 6 to help meet new 41% emission reduction target
Cameroon is positioning carbon markets as a key pillar of its climate strategy, with an updated Nationally Determined Contribution (NDC) that boosts its emissions reduction ambitions, citing the economic value of its vast forests and clean energy potential as possible Article 6 revenue streams.
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 MoreINTERVIEW: Chemicals, construction the biggest winners from EU ETS free allocation benchmarks decision
Chemicals and construction companies are the biggest winners from the latest changes to benchmarks used to determine the number of free EU Emissions Trading System (ETS) allowances handed to industries, according to an analyst from a carbon investment consultancy.
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 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 MoreEU states back competitiveness fund with ETS-linked decarbonisation focus
EU member states have agreed a partial negotiating position on the European Competitiveness Fund (ECF), a flagship pillar of the bloc’s next long-term budget.
Read MoreNet zero CO2 emissions by 2045, fossil fuel phaseout by 2070, can limit warming to 1.5C -study
Global CO2 emissions need to reach net zero by 2045, followed by all GHG emissions around 2060, in order to limit warming to 1.5C in the long run, according to analysis published on Tuesday.
Read MoreBRIEFING: EU eyes ‘Governance 2.0’ to turn national climate plans into investment roadmaps
The European Commission is preparing a major overhaul of the EU’s energy and climate governance rules, aiming to turn national planning from a reporting exercise into what officials described as “credible investment roadmaps” for the post-2030 energy transition.
Read MoreChina’s thermal power output rises in May, wind momentum stalls
Power generated by China’s thermal power plants in May expanded 2.1% from a year ago, while momentum in the wind power sector slowed amid unfavourable wind conditions, according to government data released Tuesday.
Read MoreElectric car sales surge in Europe as drivers try to sidestep soaring oil prices
Sales of battery-electric vehicles (BEVs) are rising fast in Europe as drivers seek to benefit from increasingly affordable models, the chance to save on fuel use, and favourable climate policies, according to the European Commission.
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