Australian opposition refuses to be drawn on Safeguard Mechanism questions
Australia’s opposition climate spokesperson has refused to say whether a future Coalition government would support the reformed Safeguard Mechanism, as the lack of certainty continues to be a headache for investors and emitters, according to conference attendants.
Read MoreChina’s new economic stimulus policy adds uncertainty to emissions outlook
New economic stimulus measures to prop up household consumption could bring greater uncertainty to China’s emissions outlook, even though the country’s annual emissions may fall this year thanks to the massive additions of renewables, analysts said.
Read MoreCOP16: Governments pledge $165 mln to GBF Fund
Eight governments on Monday pledged a total $163 million in new funding for the Global Biodiversity Framework Fund (GBFF), taking the total amount committed to the fund to just below $400 mln, less than 2% of what developed nations have promised to contribute by the end of next year.
Read MoreWarming will worsen global economic divide by disrupting forest ecosystems, researchers warn
Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.
Read MoreANALYSIS: RGGI’s Third Program Review modelling updates under fire
RGGI states released feedback on proposed programme review changes, with compliance entities questioning modelling inputs, leakage considerations, and consumer impacts of higher ambition, while investors and environment justice groups pushed back against cost containment plans and delayed implementation.
Read MoreRGGI Market: RGAs inch lower amidst illiquidity, programme review muddles
RGGI allowance (RGA) dipped downwards over the last week as activity remained muted, with the market continuing to await clarity on proposed programme review updates.
Read MoreANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote
California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.
Read MoreBiogas tech provider acquires dMRV firm
A biogas technology provider serving the agricultural sector has acquired a digital MRV firm.
Read MoreCanada Growth Fund proposes to fund major CCS project in Alberta oilsands -media
Canada’s C$15 billion ($10.9 bln) public investment fund has made an offer to finance carbon capture and storage (CCS) technology for the fossil fuel industry, media reported Monday.
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