greenhouse gas emissions News

U.S. Securities Regulator Lists April for Climate Rule Action

The top U.S. securities regulator has cited April as the release date for a long-anticipated rule on companies’ climate-related disclosures, according to a recent federal notice. In a draft proposal last March the U.S. Securities and Exchange Commission said it …

UK Review Advises ‘Step Change’ in Approach to Climate Change

The UK needs “a step change” in its approach to slashing carbon emissions if it is to eliminate greenhouse gases by 2050, according to a review commissioned by the government. The country is not doing enough to invest in projects …

Allstate Commits to 2030 Net Zero Emissions Goal

Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. In addition, the personal lines giant has set 2025 as the target year for achieving a net zero investment portfolio. …

EPA Finalizes Tough Emissions Rules to Cut Pollution From Heavy-Duty Trucks

The U.S. Environmental Protection Agency on Tuesday finalized new emissions standards to drastically cut smog- and soot-forming emissions from heavy-duty trucks, the first of a series of actions planned to cut vehicle pollution. The new standards, the first update to …

EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Strategy

The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a provisional deal announced by representatives of EU …

Rising Climate Costs to Challenge Companies, Countries in 2023

In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere was this more apparent than at the U.N. climate …

EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere

The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU climate change targets. The …

TotalEnergies to Take Legal Action After Greenpeace Says it Under-Reports Emissions

France’s TotalEnergies said on Thursday it would take legal action after environmental group Greenpeace France said it had under-reported its carbon emissions in 2019. Greenpeace France earlier accused the oil giant of under-reporting emissions, sparking a debate about its seriousness …

Earth Is on Track to Warm Above 2C, Even With Climate Action: UN Report

Government plans to cut greenhouse gas emissions aren’t enough to avoid catastrophic global warming, with the planet on track to heat up between 2.1 and 2.9 degrees Celsius by the end of the century compared to pre-industrial times, according to …

Biden ‘Social Cost of Carbon’ Climate Risk Measure Upheld by U.S. Appeals Court

A U.S. appeals court on Friday upheld the “social cost of carbon” calculation used by President Joe Biden’s administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used …