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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Officials cast it as one major part of a process that also includes a phaseout of public financing for domestic fossil fuel projects through Crown agencies like Export Development Canada. Carbon Capture Backed by Carbon Offsets? Those guidelines are due to be released in 2024. A Trans Mountain Pipeline Bailout?

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” By contrast, the report makes no mention of risky and controversial attempts at solar radiation management (SRM) and leaves out any reliance on carbon offsets.

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All Systems go for Net Zero

Chris Hall

This means the companies are on a pathway to net zero, according to a third-party assessment, but that’s not necessarily the same as targeting net zero by 2050 and may not be consistent with the remaining carbon budget. It may, for example, include predictions on new forms of technology or substantial use of carbon offsets.”

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Keeping on the Straight and Narrow

Chris Hall

On 25 April, the UK government launched its Transition Plan Taskforce (TPT) to develop a transition plan disclosure framework. There are other areas in which the TPT will have to set their own expectations, spanning from reliance on carbon offsetting and carbon capture and storage (CCS) technologies to transparency on climate lobbying. .

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Energy Transition Accelerator

Chris Hall

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . This explainer will explore the blueprint for the US ETA and consider the role of VCMs is channelling finance from developed markets to EMDEs. .

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Mitigating social impact in a low-carbon Singapore

Eco-Business

Climate change considerations are also fast becoming a cornerstone in Singapore's national development. The country has committed to unconditionally reducing GHG emissions intensity by 36 percent from 2005 levels, and to peak its carbon emissions by 2030. A low carbon economy will demand new skills both upstream and downstream.