Archive

China eyes revamped offsets to help fund $140trn climate costs

The revamped China Certified Emission Reduction (CCER) scheme will play a major role in funding China's 2060 net zero goals, said a former governor of the People's Bank of China (PBoC).

US regulator requests input on climate risk work

'World-first' green fintech taxonomy goes live

A system to classify financial technology in shades of sustainability has been launched in what is thought to be a world first.

ICVCM: Criticism of voluntary carbon markets' professionalism 'unfair'

Claims that voluntary carbon markets lack professionalisation are "a little unfair", an executive at the Integrity Council for the Voluntary Carbon Market (ICVCM) has said.

Verra bans greenwashing cryptos using retired credits

Verra, the world's largest verifier of carbon credits and offsets, has banned the practice of creating instruments or tokens based on retired credits, as their environmental benefits have already been consumed.

Shell's climate plan passes despite investor pushback

Shell's climate transition plan was backed by shareholders at its annual general meeting (AGM) despite early criticism it did not go far enough.

96% of carbon prices do not cover 2030 targets

The World Bank has found that less than 4% of global emissions are currently covered by a direct carbon price within the range needed by 2030, despite a year of record growth for Emission Trading Schemes (ETSs).

Standard Chartered CEO: 'VCMs exist because governments have failed'

Standard Chartered has hailed the voluntary carbon market (VCM) as the best route for wealth to flow from developed nations to emerging markets.

Royal London to abstain from Shell's transition plan

Royal London Asset Management said it will abstain from Shell's climate transition plan at its AGM on Tuesday, over concerns it is unaligned with the Paris Agreement.

Viridios AI plans to be 'Bloomberg of the voluntary carbon markets'

Viridios AI has launched a pricing dashboard which it described as the "Bloomberg of the voluntary carbon markets".