CEO of SBTi to step down
The CEO of the Science Based Targets initiative (SBTi), Luiz Amaral, has decided to step down from his role for personal reasons, with the decision to take effect at the end of June and the process to replace him already underway.
Read MoreGermany’s coal phaseout auction sets example for cost-effective early retirements, study finds
The results of the world’s first coal phaseout auction, carried out in Germany, suggest that it is a transparent and potentially cost-effective way to push fossil power plants into early retirement, according to research published on Tuesday.
Read MoreSwedish biogenic CCS project to begin this year thanks to EU-approved aid
A Swedish project for biogenic carbon capture and storage is about to kick start with the first auction to open this year after the European Commission gave its blessing today to a €3 billion (SEK 36 bln) state aid scheme.
Read MoreUPDATE – EU clears increased aid for energy-intensive companies in Germany
Energy-intensive companies facing indirect emission costs in Germany will benefit from billions worth of state aid compensation, as the European Commission approved on Tuesday some amendments proposed to an existing national scheme.
Read MoreSustainability-linked bonds increasingly tied to biodiversity, UNDP says
Biodiversity is increasingly included as a key performance indicator (KPI) in sustainability-linked bonds (SLBs), as the market is expected to accelerate compared to last year, a UN Development Programme (UNDP) official has said.
Read MoreFinancial institutions band together to advance biodiversity-related risk assessments
A group of financial institutions and consultancies have joined forces with a research institute to improve the assessment of biodiversity-related risks and opportunities to the financial sector, including estimating the economic impact of nature loss.
Read MoreEgyptian carbon tax expected by year’s end -media
The Egyptian cabinet is in the final stages of drafting carbon tax legislation under its forthcoming 2024-30 tax policy strategy, with the final version expected before the end of the year, according to Egyptian media sources.
Read MoreCanadian nature conservation certificate programme to remain small, expert says
Canada’s pilot for enabling companies to earn government-issued certificates for conservation achievements will remain small scale, an expert has predicted.
Read MoreNew metric proposed to help tackle long-distance travel emissions
Long-distance travel is a disproportionately large contributor to the UK’s transport-related carbon emissions, researchers have found, prompting them to propose a new new metric to evaluate the effectiveness of reducing travel demand on CO2 output.
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