Water crisis puts over half of global food production at risk, report says
The water crisis could jeopardise more than half of food production by 2050, with global GDPs also threatened in both high- and low-income countries, a new report has said.
Read MoreEurope-wide frequent flyer tax could raise €64 bln, reduce aviation emissions by one-fifth, finds report
A frequent flying levy across Europe would increase aviation tax revenues to €64 billion and reduce sectoral emissions by over one-fifth, according to a report published Thursday.
Read MoreGroups urge UK govt to ensure strong shipping emissions coverage in ETS
A cohort of economists, think tanks, and non-profits have called for all domestic emissions and half of international emissions to be included in the UK ETS as the government continues to mull reforms to the country’s compliance carbon market.
Read MoreJapan to lead captured CO2 trade in Asia-Pacific by mid-century, but massive government support needed -analysts
Japan is likely to emerge as the lead trading hub for captured CO2 by 2050 in the Asia-Pacific region, but at least $10 billion in government support is needed for carbon capture, utilisation, and storage (CCUS) deployment, analysts said.
Read MoreAustralian CCS project set to start earning ACCUs
Australia’s second-largest carbon capture and storage (CCS) project has started up in the remote desert of the Cooper Basin and is set to earn 250,000 Australian Carbon Credit Units (ACCUs) by the end of the year.
Read MoreInnovative credit risk methodologies needed to scale finance for nature-based solutions, report says
Financial institutions can mobilise finance for nature-based solutions (NbS) by introducing more innovative credit risk methodologies and business models, a report has suggested.
Read MoreUK rewilding company raises £40 mln with Aviva among investors
A UK-based rewilding company has raised £40 million ($52 mln) in a seed funding round, with investors including insurance giant Aviva, it announced Thursday.
Read MoreBRIEFING: California watchdog expedites annual report in anticipation of cap-and-trade programme reauthorisation talks
California’s carbon market watchdog targets an early-2025 publication of its 2024 annual report in tandem with expected conversations in the state legislature regarding extension of the WCI cap-and-trade programme, committee members discussed Wednesday.
Read MoreNew Zealand will have to plant out and cut emissions “hugely” to achieve its climate targets, panel hears
New Zealand is likely to be severely short on NZUs after 2030 unless emissions start to rapidly decline, a forestry expert told a panel discussion Wednesday.
Read More
