SIDS locked out of climate finance as funders deem them too risky -report
Small Island Developing States (SIDS) are being systematically shut out of global climate finance despite facing some of the most acute climate impacts, according to a report released Monday that said funders view these nations as too small, fragmented, and risky to support.
Read MoreUS prepping next stage of IMO carbon pricing proposal opposition -media
The administration of US President Donald Trump (R) is drafting a new diplomatic memo against the International Maritime Organization’s (IMO) proposed carbon price plan, media reported on Thursday.
Read MoreShipping body calls for national ETS revenues to help decarbonise sector
A European shipping body is backing the creation of a reliable supply chain for greener shipping fuels, and has called to de-risk investments using national revenues from the EU’s carbon pricing scheme.
Read MoreShipping firm locks in low-carbon fuel contract, driven by risk of EU penalties
A European shipping company has signed a long-term offtake agreement with an e-methanol project developer, reacting to an EU regulation and its rising penalties for ships that continue to use carbon-intensive fuels.
Read MoreOnly full IMO global carbon pricing plan can decarbonise shipping, study says
Full adoption of the International Maritime Organization (IMO)’s global carbon pricing mechanism is the only option that would create enough demand signals to boost clean fuel production and enable the global fleet to meet its decarbonisation goals, according to analysis published on Thursday.
Read MoreAmazon expands carbon credit service to include super pollutants, lower-carbon fuel insets
US-based tech giant Amazon has announced it is expanding its carbon credit service to offer super pollutant neutralisation and lower-carbon fuel (LCF) inset credits.
Read MoreCOMMENT: Beyond Offsets – Making Permanence the Foundation of Global Carbon Markets
Carbon markets should evolve to finance long-term ecological stewardship, not merely insure credits, argues Charles Bedford, Founder of Carbon Growth Partners and Professor at Hong Kong University of Science and Technology.
Read MoreUK advisors urge ministers not to loosen ETS cap as shipping joins market
The UK government should expand its carbon market to cover international shipping – but without increasing the number of allowances available, the country’s climate advisors have warned.
Read MoreCOMMENT: The changing face of carbon pricing regulation – what businesses need to know
Rapidly evolving carbon pricing regimes are reshaping global business costs and compliance obligations; Alwyn Hopkins, sustainability leader for industrials and energy at EY UK, outlines the practical steps companies need to take to prepare, respond, and thrive.
Read MoreSingapore may temper future carbon tax hikes to match pace of faltering global climate action
Singapore could see smaller increases in its carbon tax if global cooperation on climate continues to weaken, the city-state’s prime minister said.
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