News

  • COP29: Land use emissions still 'substantial' despite decline

    13 November 2024

    Land use emissions are still "substantial", despite their steady decline, academics have said, warning that deforestation continues to play a major role.

  • COP29: Global emissions reach record high in 2024, and time almost up for 1.5°C

    13 November 2024

    There is still no sign that the world has reached a peak in fossil fuel carbon emissions, as emissions reached record levels in 2024, according to the latest Global Carbon Budget report, which warned that time has almost run out to hit the Paris Agreement's 1.5°C target.

  • COP29: Article 6 undermining the COP process, warns NGOs

    12 November 2024

    The pursuit of carbon markets under Article 6 is "undermining" the principle of the COP process, the Global Forest Coalition (GFC) has warned, with concerns also raised about the "bulldozing" of negotiations.

  • COP29: IIGCC welcomes UK's updated NDC

    12 November 2024

    The UK has announced it will target a reduction in greenhouse gas emissions of at least 81% by 2035, compared to 1990 levels, in a move an investor group said showed the UK could lead the world in attracting private climate finance.

  • COP29: BlackRock among investors working on Singapore-led debt finance initiative

    12 November 2024

    The Monetary Authority of Singapore (MAS) is to develop an 'industrial transformation' infrastructure debt programme under the $5 billion FAST-P blended finance initiative.

  • COP29: Climate finance vehicle prepares for inaugural bond issue

    12 November 2024

    An innovative climate finance vehicle has signalled that it is ready to issue its first bonds, although they are not expected to be labelled 'green'.

  • COP29: More work to do on Article 6, says UNFCCC's Stiell

    12 November 2024

    There is still more work to do on Article 6, a UN climate lead has told COP29, but praised "a good start" for the mechanism at the conference.

  • COP29: Climate crisis an 'economy killer', says UNFCCC's Stiell

    12 November 2024

    The climate crisis is an "economy killer" that could be destroying up to 5% of GDP in many countries, according to Simon Stiell, executive secretary of UNFCCC, organiser of COP29.

  • London borough could increase BNG requirements

    12 November 2024

    The London Borough of Harrow is consulting on an increase Biodiversity Net Gain requirements above the statutory 10% required for most new developments in England.

  • IFRS flags concern at lack of company reporting on expected impacts of climate change

    12 November 2024

    A review of company reporting has found little progress on company reporting in areas including the impacts of climate change on their businesses, strategies and financial planning, raising concern that investors are being starved of information they need.