INTERVIEW: Oil and gas player taps geothermal to decarbonise UK heating
The geothermal energy deep beneath UK soil offers a huge, untapped opportunity to decarbonise the country’s heating, according to an oil and gas company developing opportunities in the sector.
Read MoreBP’s faith in oil and gas hits snag in third quarter
BP’s pivot away from the green revolution hit a snag Tuesday after the oil major reported its weakest quarterly earnings since the fourth quarter of 2020, when industry profits cratered during the coronavirus epidemic.
Read MoreFinland to be first EU nation to set up voluntary biodiversity credit framework
Finland has become the first EU member state to announce plans to develop a framework for companies to invest in voluntary biodiversity credits that go beyond existing environmental offsetting provisions, in a bid to encourage companies to take nature action.
Read MoreBRIEFING: Vietnam looks at Korea, EU examples for international carbon offsets
Vietnam is finalising the details of a decree outlining how emitters will be allowed to meet 10% of their greenhouse gas reduction obligation with foreign offsets and is looking to South Korea and the EU as examples, officials said Tuesday.
Read MoreBiodiversity credit company announces data partnership
A biodiversity credit project developer and a data provider have announced a partnership with the aim of scaling projects in countries across Africa, South America, and Europe, Carbon Pulse has learned.
Read MoreSpanish farming association launches carbon credit project for the swine sector
A Spanish agricultural organisation has launched a project aimed at generating carbon credits from the livestock sector, targeting pollution reduction and emissions control in pig farming.
Read MoreSetback as EU gas industry rejects just transition deal with trade unions
European gas employers have rejected a draft agreement with trade unions to wind down the EU’s industry, highlighting the difficulties in managing the social aspects of the green transition.
Read MoreAustralia’s clean finance arm details first spend on forest project, plans to earn ACCUs
Australia’s Clean Energy Financing Corporation (CEFC) has for the first time invested A$75 million ($49.2 mln) in the forestry sector, according to the group’s annual report published this week, which details tens of billions of dollars of clean investments.
Read MoreTaiwan adds voluntary methodologies to encourage forest and bamboo management
Taiwan has given the green light to two new offset methodologies for nature-based projects, which can create carbon credits from forest and bamboo management activities.
Read MoreIceland proposes mileage tax on fossil fuel vehicles, doubles carbon tax
Iceland’s Ministry of Finance and Economic Affairs submitted a bill to parliament last week proposing a new mileage tax on fossil fuel-powered vehicles.
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