New UK govt drops legal defence of oil and gas field licences
The Labour Party-led UK government, in power since July, will not defend against green groups’ legal challenges to the previous Conservative government’s oil and gas licences for two major new sites off the coast of Scotland, it announced on Thursday.
Read MoreCarbon ratings agency announces new engagement push across emerging markets
A carbon ratings agency is to make its headline ratings available on a Latin America-based registry platform, aiming to increase engagement in emerging markets.
Read MoreHalf of countries have degraded freshwater, UN says
Half of the countries in the world have at least one type of freshwater ecosystem in a state of degradation, following impacts on lakes and mangroves, UN bodies said on Wednesday.
Read MoreBECCS champion Drax agrees to pay £25 mln after regulator finds gaps in wood pellet sourcing
British power company Drax has agreed to pay £25m to a voluntary redress fund after the UK energy industry regulator found it had submitted inaccurate sustainability data on the sourcing of wood pellets for its biomass plant in north Yorkshire, it said Thursday.
Read MoreINTERVIEW: Refiners see limited growth in e-fuels by 2030, bet on advanced biofuels
European refiners have low expectations for e-fuels production by 2030 and are instead planning to develop advanced biofuels to meet EU climate goals, the sector’s trade association told Carbon Pulse in an interview.
Read MoreEuropean Commission taken to court again by NGOs over green finance labels
Another coalition of NGOs are taking the EU Commission to court over the decision to include fossil fuel planes and ships in the bloc’s sustainable finance legislation, a day after non-profits said they are suing the EU over its weak 2030 emissions reduction target.
Read MoreMeta reaffirms commitment to carbon removal strategy
Meta, the parent company of social media platform Facebook, will continue to invest in carbon removal projects as part of its climate strategy, the technology giant said in its 2024 sustainability report.
Read MoreSouth Korea ordered to draw up carbon reduction plan through 2049
South Korea’s Constitutional Court on Thursday ordered the government to map out more concrete plans for emissions reductions through 2049, the first of its kind in Asia.
Read MoreINTERVIEW: Marine biodiversity credit project reduced in size to ensure integrity
A non-profit has reduced the potential size of a UK marine voluntary biodiversity credit project by approximately 89%, down from the 52,200 hectares initially considered, to ensure the initiative is as credible as possible, Carbon Pulse has learned.
Read MoreThink tank rates Singapore’s carbon tax as far off meeting Paris Agreement
Singapore’s compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.
Read More
