Global law firms lag in climate action, continue to prioritise fossil fuel work, annual scorecard reveals
The world’s top law firms are lagging in pledged climate action, showing substantial ongoing support for the fossil fuel sector despite compared to minor advancements in their work on renewable energy.
Read MoreUS DOE announces $16 mln for CO2 conversion into new products
The US Department of Energy (DOE) announced Thursday that up to $16 million in funding will be available for large-scale conversion of CO2 emissions into carbon-based products.
Read MoreTargeted interventions can help trade in global CDR market reach $100 bln/yr by 2030-35 -report
Annual trade in carbon removal credits could grow nearly 40-fold to $100 billion by 2030-35 if key barriers are addressed, a new report predicts.
Read MoreBrazil hoping for national ETS passage by end of year -official
The Brazilian executive branch still hopes to see national cap-and-trade legislation pass this year, according to an official from the Ministry of Development speaking at the Latin America Climate Summit on Wednesday in Colombia, pushing back previously articulated target dates.
Read MoreBRIEFING: High carbon tax in Mexico’s Queretaro prioritises flexibility
The Mexican state of Queretaro, with one of the highest carbon taxes in Latin America, has carved out an exception to its 20% offsets rule for firms facing steep competition and will consider international exchange rates when determining annual price increases, a senior official told Carbon Pulse on the sidelines of the Latin America Climate Summit in Colombia Wednesday.
Read MoreGold Standard releases second edition of its climate framework for corporates
Gold Standard has released the second iteration of its climate framework designed to help organisations contribute to global climate efforts, with key updates including a focus on climate adaptation and further support on how companies should tackle their unabated emissions.
Read MoreEuro Markets: EUAs fall to new two-month low amid afternoon pressure, while UKAs hold steady
European carbon allowances declined after hitting another two-month low as the market traded in a comparatively narrow range on Thursday – as indeed most of the energy complex did – with activity appearing to slow amid the end of the quarter and the start of the holiday season, while UK Allowances gave up early gains but still posted a marginal increase.
Read MoreSCOTUS approves temporary block of EPA’s interstate air pollution plan
The Supreme Court of the United States (SCOTUS) on Thursday approved a temporary halt of an Environmental Protection Agency (EPA) scheme to reduce interstate air pollution, which legal experts say could set national precedent that eases the threshold for similar stay requests of federal environmental policies.
Read MoreSome CBAM revenue should go to impacted and developing countries, panel agrees
Representatives from the government, business and academic sectors agreed that at least part of the EU’s Carbon Border Adjustment Mechanism (CBAM) revenues should be recycled to non-EU countries impacted by the mechanism, during a online webinar hosted by a think tank on Wednesday.
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