greenhouse gas emissions News

Global Regulators Propose Tougher Scrutiny of Voluntary Carbon Markets

A global securities watchdog proposed 21 safety measures on Sunday to improve integrity, transparency and enforcement in voluntary carbon markets (VCMs) in a sector of growing importance to efforts to combat climate change. IOSCO, which groups market watchdogs from Asia, …

World to Hit 2.5F of Warming During 2023 as Hottest Year on Record

With a month to run, 2023 will reach global warming of about 1.4 degrees Celsius (2.5 Fahrenheit) above preindustrial levels, adding to “a deafening cacophony” of broken climate records, the World Meteorological Organization (WMO) said on Thursday. The WMO’s provisional …

Chubb Launches Client Methane Resource Center

Chubb Limited recently announced the launch of the Chubb Methane Resource Hub, a digital resource offering clients information and insights for measuring and mitigating methane emissions. The initiative draws on technical expertise and guidance from Environmental Defense Fund. The hub …

France, US Plan to Seek Ban on Private Finance to Coal-Fired Plants at COP28: Sources

France, backed by the United States, plans to seek a halt to private financing for coal-based power plants during the U.N. climate conference later this month, three sources familiar with the deliberations told Reuters in India and Europe. The plan, …

Climate on Track to Warm by Nearly 5.2F Without Aggressive Actions: UN Report

Countries’ current emissions pledges to limit climate change would still put the world on track to warm by nearly 3 degrees Celsius this century, according to a United Nations analysis released Monday. The annual Emissions Gap report, which assesses countries’ …

SEC Signals It May Curb Climate Rule Ambitions

U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At …

Faster Melting of the West Antarctic Ice Sheet Is ‘Unavoidable’

The West Antarctic ice sheet is set to melt faster even if the world rapidly cuts emissions, according to a new study. That could lead to more significant sea level rise over the course of centuries. The West Antarctic ice …

Biggest Polluting Firms Failing on Short-Term Emissions Goals: Investor Pressure Group

Fewer than one in five of the world’s biggest polluting companies have short-term emissions reductions targets in line with keeping global temperature rises below 1.5 degrees Celsius, an investor pressure group said on Wednesday. The number of companies pledging to …

Net-Zero Investor Group Reports Financing Activities Lead to Emissions Decline

A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System reported a modest decline in greenhouse gas emissions enabled by its members’ lending and investment activities, the first time it …

Climate Change Made Deadly Floods in Libya and Greece More Extreme

The low-pressure weather system that unleashed unprecedented amounts of rain across the eastern Mediterranean last week was made more likely and more intense by climate change. Global warming caused by human emissions of greenhouse gases made the heavy rainfall over …