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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...
...Under the EU’s proposal, the export credit agencies could only back fossil fuel projects if the OECD individual member countries each determined that the projects were aligned with the need to keep warming...
...The bank has said it will back an accounting technique agreed on by an industry standard-setting group led by Barclays and Morgan Stanley, which agreed in December that banks could choose to take responsibility...
...They also voted in July to back credit to support commodity trader Trafigura’s purchase of US liquefied natural gas for export to Europe....
...Japan in particular has pushed back against an ambitious shift away from coal....
...The world’s leading arbiter of corporate climate targets has taken a step back after a staff revolt over its endorsement of controversial carbon credits as a means to address greenhouse gas emissions....
Hundreds failed to lay out goals aligned with Paris agreement to limit warming to 1.5C
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Test case on power of courts as oil and gas companies push back over judgments on their role in global warming
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...Claudio Sales, president of the Acende Brasil Institute, said Nunes and the city government were looking for “things that can motivate the population” to back their re-election bid, while opposition politicians...
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.... — Kenza Bryan Money managers pull back support on climate and social shareholder proposals What is really driving asset managers’ reluctance to put their heads above the parapet on the issue of cleaner...
...These companies have targets to put more water back into systems such as aquifers than they consume by 2030, for example, by funding work to improve leaky irrigation infrastructure or restoring wetland systems...
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...So jumping back to the Dubai-based company Blue Carbon, in a hypothetical scenario, Blue Carbon could sell its credits for this land it bought in Africa to the UAE....
...“We cannot afford to lean back now,” said Ottmar Edenhofer, a leading German climate economist who chairs the board of scientists and economists....
...Government officials say the sharp increase in purchases — which occurred during leftwing President Luiz Inácio Lula da Silva’s first year back in office — helped to control prices for the consumer....
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...Ajay Banga, president of the World Bank, told the Financial Times that “the intellectual argument” about carbon credits was holding back progress....
...Policy changes and backtracks by national governments were holding back corporate plans to limit global warming, a former Federal Reserve board member conducting a UN consultation said....
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