COP26: Glasgow faces credibility gap with climate efforts falling short, report warns
The Glasgow climate conference faces a credibility, action, and commitment gap with the world heading for end of century warming of over 2C, even when taking into account the recent spate of net zero pledges by key economies, a report released on Tuesday said.
Read MoreCOP26: Roundup for Day 8 – Nov. 9
It’s Science Day in Glasgow, while negotiations carry on under the guidance of ministers appointed by the UK COP26 Presidency.
Read MoreANALYSIS: Shipping blueprint highlights need for R&D spend to kickstart industry decarbonisation
A recent warning from a shipping industry group that lack of investment in green technologies presents the biggest hurdle to the industry’s decarbonisation targets has sharpened focus on the technical and financial challenges facing the sector, whose emissions are seen as hard to abate, if it is to achieve net zero emissions by 2050.
Read MoreExperts wary of US climate policy pathway, despite senator’s carbon pricing optimism
Experts were downbeat on the statement made by Senator Sheldon Whitehouse (D) over the weekend that Congress is one vote away from a federal carbon price in its reconciliation bill, noting the significant roadblocks that remain for US climate policy.
Read MoreFeedstock competition could push California LCFS values towards price cap -analysts
California Low Carbon Fuel Standard (LCFS) credit prices could move towards the programme’s price cap in the coming years as greater competition for biofuel feedstocks exerts bullish pressure, analysts at a major investment bank said Friday.
Read MoreCOP26: North, Latin American governments reboot alliance to forge closer ties on carbon pricing
Twelve North and Latin American national and sub-national governments on Monday signed a new declaration promising to boost their carbon pricing integration, rebooting an existing framework with smaller jurisdictions keen to learn more.
Read MoreVCM Report: CORSIA-grade VERs eye $9, nature-based units flirt with $13
Standardised, exchange-traded voluntary emissions reductions (VERs) hurdled to fresh record highs once again this week, with evolving interest from speculators, crypto initiatives, and the ongoing COP26 UN climate talks seen as major drivers in the voluntary carbon market (VCM).
Read MoreIncubEx, Trayport plan latest VER trading marketplace
Environmental products development firm IncubEx and energy trading platform Trayport on Monday announced the forthcoming launch of a new voluntary emissions reduction (VER) marketplace, adding to the growing spate of initiatives aiming to facilitate voluntary carbon offset trade.
Read MoreCOP26: Roundup for Day 7 – Nov. 8
Negotiators at COP26 in Glasgow enter the second week of the talks, with hopes of further progress as ministers get involved. We are tracking developments here.
Read MoreCOP26: Ministers face uphill task as officials fail to advance Article 6 talks
The first week of negotiations over Article 6 rules to govern international emissions trade under the Paris Agreement ended on Saturday without agreement, leaving ministers with unwieldy documents to work on when they convene at COP26 in Glasgow on Monday.
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