Corporate Climate News

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Found 1,987 results. Page 5 of 100.


GFANZ drops UN’s Race to Zero pledge requirements

The Glasgow Financial Alliance for Net Zero (GFANZ) set after COP26 by Mark Carney, has dropped requirements following pressure from US banks.


Kazakhstan signs $50Bn hydrogen agreement with Svevind

Kazakhstan will be able to export one-fifth of the EU’s green hydrogen import targets by 2030, with the new 20 GW plant in Mangystau region.


Indonesia seeks funding for 2030 FoLU net sink

The government has set a 2030 target for the Forestry and Land Use (FoLU) sector to become carbon positive, and is developing several budgeting strategies.


ISSB votes to make Scope 3 disclosures mandatory

The International Sustainability Standards Board (ISSB) has voted to make Scope 3 disclosures mandatory for reporting entities, with rules to be finalised in early 2023.


Norway to make public companies set science-based targets

The Norwegian Government is mandating all 70 state-owned to set science-based climate targets and report on nature and ecosystems impact.


Shell loses appeal over misleading carbon emissions advert

The Dutch oil & gas major had appealed against a ruling from the Dutch advertising watchdog’s for a misleading ad promoting carbon dioxide emission credits.


Seven US Senators call for supervision of carbon credits

Democratic and Independent senators called on the Commodity Futures Trading Commission (CFTC) to take concrete steps to implement regulation on the VCM.


Singapore confirms 2050 net-zero target

The country is now aiming for an earlier, pre-2030 emissions peak, and has announced a 2045 net-zero target for the public sector.


TenneT issues €3Bn Green Bond

The Dutch transmission system operator (TSO) maintains its position as the largest corporate Green Debt issuer in euro globally, with €19.5Bn currently outstanding.


Xpansiv granted license to trade ACCUs from Q1 2023

Xpansiv’s spot exchange CBL was granted a market-making Australian financial services licence to facilitate trades of Australian Carbon Credit Units (ACCUs).


Lula victory hailed as win for the Amazon rainforest

Luiz Inácio Lula da Silva has won the Brazilian presidential election against Jair Bolsonaro, after campaining in support for zero deforestation in the Amazon.


Imerys to develop largest European lithium mine in France

The new mine would produce 34,000 tonnes of lithium hydroxyde annually from 2028, enough to equip 700,000 electrical vehicles.


Saudi Arabia’s sovereign wealth fund auctions 1.4m credits

The Middle East’s first carbon credit auction saw Saudi Aramco as largest buyer, just three weeks after the sovereign wealth fund raised its first $3Bn green bond.


The UN Climate Change (UNFCC) released its second yearly assessment of NDCs

The UN Climate Change (UNFCC) released its second yearly assessment of Nationally Determined Contributions (NDCs) stating that current policies would lead to a 10.6% CO₂ emissions increase by 2030. This is down from a projected 13.7% increase in last year’s report, but well over the 45% emissions reductions laid out in the IPCC’s AR6 report.


Volkswagen to sell only electric vehicles after 2033

Volkswagen brand CEO Thomas Schäfer announced the revised, two-year-earlier target, the same week the European Council finally approved a 2035 ICE ban.


Hong Kong bourse operator launches carbon trading exchange

Hong Kong Exchanges and Clearing (HKEX) has launched Core Climate, a trading platform for voluntary carbon credits.


The UN Environment Programme (UNEP) released its 13th Emissions Gap Report

The UN Environment Programme (UNEP) released its 13th Emissions Gap Report stating that current policies around the world would lead to warming of up to 2.8°C by 2100.


H2 Green Steel receives €3.5Bn in funding to construct plant

Stockholm-based startup H2 Green Steel has secured funding from several major European commercial banks and additional funding from the EIB.


The International Energy Agency (IEA) released its 2022 World Energy Outlook

The International Energy Agency (IEA) released its 2022 World Energy Outlook report, giving signs of optimism with high projected Renewables uptake and investment, and lower fossil fuel dependency following the Russia-Ukraine war.


Apple steps up supply chain decarbonisation

Apple is increasing pressure on suppliers to disclose and annually review their Scope 1 and 2 emissions, in line with the American tech firm’s 2030 net-zero target.

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