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...A move by the SBTi board to back carbon crediting as an alternative to emissions reductions would boost the US-driven project by giving a green light for companies to hit climate goals through the purchase...
...A study by non-profit campaign group Break Free from Plastic found that 86 per cent of projects on the Philippines-based Plastic Credit Exchange, the first plastic offset project database, generated credits...
...He said that one idea being discussed was creating a separate nuclear development bank to finance projects....
...The $3tn to $4tn it will cost each year come in a different macro environment.”...
...Meanwhile, the Environment Agency is conducting a far-reaching criminal investigation into suspected widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works....
...The credits are meant to represent a tonne of carbon removed or reduced from the atmosphere, for example through tree-planting projects....
...“The US is dragging its feet at a time when it needs to step up to prove its climate leadership, ahead of the polls later this year,” said Nina Pušić, an export finance climate strategist at US environment...
...Among the nuclear projects hit by delays is the UK’s Hinkley Point C, a twin reactor project built by French company EDF that has been delayed until 2029 at the earliest, four years later than planned....
...Last year US authorities blocked a copper-nickel project in Minnesota to preserve a wilderness area....
...One way to limit the chances of funds being recycled into white-elephant projects is to impose a short lookback period, meaning limiting the time from the date of a project’s original financing that it can...
...Community action groups, farmers and landowners will be allowed to apply for cash from a new Water Restoration Fund to invest in local water projects, said environment secretary Steve Barclay....
...round of bids for projects in New England....
...While the project is grounded at Ho, Starling is already working on his next venture: addressing the rapidly reducing glaciers of the Alps in a nationwide project entitled Watch the glacier disappear....
.... — Jamie Can a giant African hydro project be revived?...
...C project in England, being built by EDF....
...It has ruled out all project finance for upstream oil and gas expansion and related infrastructure....
...In February, the company outlined to investors its plans for ambitious new offshore oil projects from Shetland to Newfoundland to Brazil....
...BP said in a statement that it is continuing to develop the project, without confirming any plans to add to its stake....
...Laurence Tubiana, one of the architects of the landmark Paris Agreement, said that the fiscal available for financing the energy transition and climate projects was “enormously shrinking” as governments...
...The two projects awarded were Equinor’s Empire Wind 1 project and Ørsted and Eversource’s Sunrise Wind facility, totalling 1.7GW of capacity....
...Ahead of discussions scheduled in June, the US and the EU have differed over the extent of a proposed ban on OECD countries extending export credit agency loans and guarantees for oil, gas and coal mining projects...
...Developers often sell down stakes in large projects or sell off older schemes to de-risk their projects. That capital can be recycled to fund new projects....
...But its strategy has also included heavy use of carbon offsets linked to projects that reduce or avoid emissions, for example by preventing deforestation....
...But carbon removal projects have so far played a very marginal role in the voluntary carbon market....
...It also aims to bring financial partners — from local investors to banks — into the solar projects....
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