COP29: Developing countries demand more transition finance to stop exploiting fossil fuels
Developing countries relying on oil and gas extraction for state revenues need technical and financial support to phase it down — even if they are keen to follow through on last year’s COP28 global commitment to pursue a just and orderly transition away from fossil fuels, according to experts at COP29.
Read MoreUK REDD+ project developer launches insurance product for its carbon credits
A London-based jurisdictional REDD+ (JREDD+) project developer has introduced a new insurance feature for its carbon credits, the organisation announced on Thursday.
Read MoreCN Markets: CEAs extend record high again, volume continues to increase
Chinese carbon prices hit record highs again over the past week as the emissions market continued to gather momentum from emerging demand ahead of the year-end compliance deadline.
Read MoreUK finance minister outlines reforms to drive growth in green finance, clean energy
UK Chancellor of the Exchequer Rachel Reeves pledged to fire up competitiveness in the country’s financial services sector during her first Mansion House speech on Thursday evening, planning to boost private investment in clean energy and make the UK a global leader in sustainable finance.
Read MoreTimberland management firm’s LATAM reforestation fund reaches $500 mln, as Petrobras steps up Amazon investment
The timberland management division of a Sao Paulo-based investment bank has reached $500 million for its Latin American reforestation fund, while Brazilian oil giant Petrobras has pledged increased funding for ecological restoration in the Amazon in partnership with the country’s development bank.
Read MoreINTERVIEW: Air sample monitoring could provide real-time carbon reporting accuracy, firm says
A developer of atmospheric emissions monitoring for carbon markets said its approach could improve the accuracy of monitoring, reporting and verification (MRV) of nature-based projects, and potentially lead to more credits being issued than otherwise assumed using conventional methods.
Read MoreCOP29: BRIEFING – Israel readies carbon tax to shield companies from CBAM
Israel is in the final stretches of preparing a tax on greenhouse gas emissions and air pollutants that parliament approved in September after years of debate in an effort to resolve a “significant market failure” caused when polluters don’t pay for their environmental damage.
Read MoreCOP29: Russian petrochemical company to offset carbon footprint of country’s Baku delegation
A Russian petrochemical company plans to offset the carbon footprint of the country’s delegation attending COP29 in Baku, the firm announced on Thursday.
Read MoreMining giant invests $16 mln into Madagascar REDD project with eye on CCP label
A mining giant has committed $16 million into the Makira Natural Park REDD Project in northern Madagascar that will help the project scale as well as reassess its deforestation baseline under Verra’s VM0048 methodology, which has just been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM) as eligible for its stamp of high quality.
Read MoreStartup aims to tackle emission reporting gaps ahead of UK fleet disclosure rules
A new AI-powered technology could help UK companies measure and reduce emissions from electric vehicle charging, as they face stricter reporting obligations under the upcoming UK Sustainability Disclosure Requirements (SDR).
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