The Science Based Targets initiative (SBTi) has launched the world’s first science-based decarbonization framework for all iron- and steelmakers worldwide to develop and set emissions reduction targets within the unique context of the industry. Through this guidance, the SBTi outlines by how…
Climate change is a global problem that needs global solutions. As the EU raises its own climate ambition, and as long as less stringent climate policies prevail in many non-EU countries, there is a risk of so-called ‘carbon leakage’. Carbon…
OUT NOW: New ICAP Status Report 2023 presents the latest developments in emissions trading systems worldwide Carbon markets hold steady amid energy cost surges, finds the International Carbon Action Partnership (ICAP)’s Emissions Trading Worldwide Status Report for 2023. The world’s…
Large suppliers to the Government of Canada will be compelled to disclose their greenhouse gas (GHG) emissions and set targets to reduce them, starting April 1, 2023, according to new standards released today. According to Canada’s new “Standard on the…
The European Central Bank (ECB) announced today the publication of a series of new statistical indicators aimed at helping to analyze climate-related risks in the financial sector and track the progress of the sustainable finance market. The launch of the…
Companies reporting under the new climate disclosure standards being developed by the International Sustainability Standards Board (ISSB) of the IFRS Foundation will be given an additional year to report on Scope 3 emissions, or those originating in a company’s value…
Demand for services would rise amid forthcoming SEC rules A rush of regulation and investor pressure is forcing companies to do a better job of tallying up the environmental impact of their operations and the products they sell. That’s stirring…
Airlines in the EU will be required to begin paying for excess carbon emissions, under a new agreement reached by the European Council and Parliament, aimed at aligning the EU’s aviation section with its climate goals. The agreement, revising the…
Frans Timmermans, Executive Vice-President for the European Green Deal, said: “To become climate neutral, deep and drastic emissions cuts will always be the core of our efforts. “But it is impossible to bring all of our emissions down to zero.…
The European Union has added the maritime shipping industry to its carbon market, meaning vessels will have to purchase credits to cover emissions emitted while using EU waters. Beginning in 2024 shipping companies will have to buy carbon credits to…