US management firm faces backlash for abandoning climate alliance
A large US environmental organisation has pulled more than $10 million in assets from a major financial institution following its exit from public climate commitments.
Read MoreSupermarkets risk EU fines and CO2 overshoot without HFC phaseout -report
European supermarkets could face rising compliance costs and miss emissions targets unless they accelerate the phaseout of hydrofluorocarbon (HFC) refrigerants, which account for the bulk of their operational CO2 emissions, a UK-based non-profit said in a report on Tuesday.
Read MoreLCAW25: Launch of updated GRI climate, energy standards include carbon credit disclosures
The Global Reporting Initiative (GRI) has released two newly revised standards on climate and energy that companies can use to disclose on topics including emissions reductions, greenhouse gas removals, and carbon credits.
Read MoreINTERVIEW: Sea lice treatment emerges as ocean investment trend
Investments in treatment for sea lice in fish farms are among key trends in blue foods financing, which has been boosted by the UN Ocean Conference (UNOC), according to an investor.
Read MoreLCAW25: INTERVIEW – Verra’s latest consultation looks to push insurance, renewables in more countries
Verra is seeking views on its plans to allow project developers to manage their risks with insurance, and to widen its list of countries eligible for renewable energy projects – as part of a new consultation on its updated carbon standard, the organisation’s CEO said in an interview.
Read MoreCalifornia offset issuance ramps up, invalidation expiry more than doubles
California regulator ARB issued more than 150,000 credits over the last two weeks, after a lull in the previous period, while the invalidation period for nearly 1.7 mln units expired, state data released Wednesday showed.
Read MoreDemocratic states take aim at Trump administration’s legal rationale for grant termination
A group of US states is asking a federal court to define the legal meaning of a single clause within a regulation that the Trump administration has relied upon to cancel hundreds of Congressionally-approved grants, including those funding climate and clean energy programmes.
Read MoreCalifornia awarded $15 mln to support tribal communities, clean economy growth
California Governor Gavin Newsom (D) announced $15 million in grants on Wednesday to 14 tribal communities across the state, which included funding to build career pathways in the clean economy and to construct a bioenergy production facility.
Read MoreSoaring energy use, weak accounting undermine tech sector’s net zero plans -report
The climate strategies of major tech companies are becoming increasingly unfit for purpose, as rising energy demand from artificial intelligence (AI) and reliance on outdated accounting rules cast doubt on their ability to meet net zero goals, an analysis published Wednesday has found.
Read MoreBurying forest waste unlocks a large-scale CDR opportunity to reach net zero in US -study
Academic research established that burying woody debris from forests for 100 years could keep as much as 769 billion tonnes of CO2 from the atmosphere between 2025 and 2100, and the carbon removal (CDR) solution can be further maintained for thousands of years.
Read More
