Court orders Belgian governments to cut emissions by 55% by 2030
In a ruling on Thursday, the Brussels Court of Appeal said the Belgian, Flemish, and Brussels governments must reduce greenhouse gas emissions by 55% by the end of the decade, in the latest example of...
View ArticleCOP28: Climate Club launches to speed industrial decarbonisation
On Friday, 35 nations and the EU formally launched the “Climate Club” of ambitious countries at COP28 in Dubai, which will focus on decarbonisation of industrial sectors.
View ArticleCOP28: Vietnam announces JETP Resource Mobilisation Plan
Vietnam announced its plan to mobilise resources towards implementing a Just Energy Transition Partnership (JETP) on Friday at COP28, advancing the multi-faceted clean energy funding agreement struck...
View ArticleEuro Markets: EUAs snap four-day losing streak, post bullish technical signal...
European carbon prices snapped a four-day losing streak as December began on Friday, with the market supported by the first premium in a daily auction for more than two weeks, before posting the final...
View ArticleCOP28: World Bank eyes Q1 auction of REDD credits under FCPF programme,...
The World Bank plans to conduct an initial auction of carbon credits generated via select Forest Carbon Partnership Facility (FCPF) countries by the end of Q1 next year, as it pursues a scaling up of...
View ArticleCOP28: US, other countries’ carbon market arrangements seen threatening...
The US and other countries are implementing emissions trading initiatives that could undermine efforts to introduce more robust and transparent standards for international carbon markets, risking...
View ArticleNature target-setting framework for asset managers and owners launched
A framework to help asset managers and asset owners set targets for nature has been launched by the Finance for Biodiversity Foundation (FfB).
View ArticleCIX drops Southern Cardamom carbon credits from nature benchmark amid price...
Climate Impact X (CIX) has temporarily suspended delivery of carbon credits from the Southern Cardamom REDD project (VCS 1748) for its nature-based benchmark, Nature X, with immediate effect, after a...
View ArticleINTERVIEW: Carbon removal buyer eyes market gap for project financing, says...
A large tech company with a growing carbon removal portfolio is looking for ways to support early-stage technologies with access to project finance, and calls for better standardisation of registries...
View ArticleCOP28: Norway makes $100 mln contribution to Indonesia in recognition of...
Norway on Friday announced a contribution of $100 million to support Indonesia’s continued efforts to reduce deforestation, pointing out that the Asian nation now has the lowest reported levels in 20...
View ArticleCOP28: US announces new methane rules to prevent 58 mln tonnes of oil and gas...
The US has finalised standards to reduce methane pollution and other harmful air pollutants from the oil and gas industry, Environmental Protection Agency (EPA) administrator Michael Regan announced at...
View ArticleCOP28: Ratings agency partners with national government to boost Paris...
A voluntary carbon credit ratings agency has partnered with an Asian government to help it use "high-quality" carbon credits towards meeting Paris Agreement goals, they said at a joint launch event on...
View ArticleCOP28: EU, philanthropic initiatives pledge cash towards reducing methane...
A group of international agencies, funded by a $40-million commitment from a philanthropic organisation, announced a global initiative on the sidelines of COP28 on Saturday to help track and drive...
View ArticleCOP28: Brazil proposes global forest facility to mobilise billions from...
Brazil launched at COP28 on Friday its proposal for a global instrument dubbed the “Tropical Forest Forever Facility” aimed at mobilising $250 billion to protect standing tropical forests in up to 80...
View ArticleCOP28: US pledges another $3 bln to Green Climate Fund, won’t honour $1...
The US is pledging a further $3 billion to the UN’s Green Climate Fund (GCF), Vice President Kamala Harris announced at the COP28 climate summit in Dubai on Saturday.
View ArticleCOP28: Industry leaders call for scale-up of carbon removal to meet goal of 1.5C
Carbon removal technologies such as direct air capture are essential to limiting global warming to 1.5C, said panelists at a number of COP28 side events, but require increased investment and support as...
View ArticleCOP28: Over 100 nations pledge to triple renewables, supercharge energy...
Leaders from 120 countries have pledged to triple renewable energy capacity to at least 11,000 GW globally, signing up to a Global Renewables and Energy Efficiency Pledge at the UN climate summit in...
View ArticleCOP28: Verra to issue “very shortly” Article 6-aligned carbon...
Verra is set to soon issue its first carbon credits aligned with Article 6 of the Paris Agreement from projects in Africa, and also expects to launch its Verified Carbon Standard Version 5.0 in 2025, a...
View ArticleCOP28: UN, UAE, Bloomberg launch Industrial Transition Accelerator to...
The UN, UAE, and Bloomberg Philanthropies launched the Industrial Transition Accelerator initiative on Saturday, pledging $30 million to scale up decarbonisation of heavy-emitting industries.
View ArticleCOP28: South Korean energy firm secures MoUs on hydrogen development
An energy subsidiary of South Korean conglomerate SK Group has teamed up with international and domestic partners to speed up the construction of the country's hydrogen ecosystem, the companies...
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