Strong rebound risks cancelling out COVID-era emissions drop -IEA
A strong China-led rebound from last year’s coronavirus restrictions pushed global energy-related CO2 emissions above historical levels towards the end of 2020, International Energy Agency (IEA) data showed Tuesday.
Read MoreWorld’s climate pledges falling far behind target, UN report shows
Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.
Read MoreSwiss initiative taps trading firms to steer growth in climate neutral commodities
A Swiss non-profit is developing a method for standardising climate neutral commodity transactions, attracting interest from major trading houses keen to align with the Paris Agreement.
Read MoreOffset developer ecosecurities tilts to forestry as market shifts toward removals
Carbon offset project developer ecosecurities will focus on nature-based activities after years of pursuing varied approaches, and is considering teaming up with major producers to develop initiatives at scale.
Read MoreSwitzerland sets dates for final auction of Phase 2 carbon allowances
Switzerland has set the dates for its final auction of Phase 2 (2013-20) carbon allowances.
Read MoreWorld’s compliance carbon markets increased 19% in value to $279 bln in 2020 -report
Global compliance-based carbon markets increased in value by nearly a fifth in 2020 to €229 billion ($279 bln), according to analysts at Refinitiv, flagging a fourth consecutive annual rise and a fivefold jump within three years as the programmes shrugged off the effects of the COVID-19 pandemic.
Read MoreTrading house Trafigura to consider offsets to help meet its first GHG goal
Commodities trader Trafigura set its first emissions reduction target on Wednesday, aiming to cut its scope 1 and 2 emissions by at least 30% under 2020 levels by the end of its 2023 financial year.
Read MoreANALYSIS: Climate ambition gap following Paris NDC deadline leaves task to major emitters
Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.
Read MoreBRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook
Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.
Read MoreFirst Swiss aviation carbon allowance auction sells out
The first ever auction of Swiss aviation carbon allowances has sold out, the government announced Monday.
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