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…
The Council aims to achieve zero emissions in buildings by 2050. The member states of the Council of the European Union have agreed on the amendment proposals containing important updates in the Energy Performance of Buildings Directive. According to the…
There is good news and bad news emerging from COP26. The bad news: The emissions reduction pledges made by nations so far are still likely to consign civilization to a 2.7 degrees Celsius warmer world by 2100 compared with pre-industrial times. The…