The Philippines signed its first legal framework for trading carbon credits. Experts caution that key rules for measuring and approving emission cuts are still missing.
Conditional approvals were granted to Verra’s revised methodologies for the connection of renewable energy to grids and abatement of methane from coal mines.
The policy prioritises low-cost solutions for domestic decarbonisation, and higher-cost measures for international markets under Article 6. An industry leader told Eco-Business that further details on the use of carbon credits and more can drive investor confidence.
Carbon credits to be tabled under Malaysia’s new climate change bill should serve as a bridge towards decarbonisation rather than a substitute for it.
Oleh
Renard Siew
With the planet headed for well beyond 1.5°C of warming, the stakes for business are rising. Those who confront climate risk now could unlock what many economists say is the growth story of the century.
Oleh
Eric Usher
The real drivers of the climate transition are no longer sitting in the sustainability department – they're in finance, as sustainability shifts from the realm of storytelling to accountability.
Oleh
Kaushik Sridhar
The fashion industry business will not come from diplomacy or presidential handshakes, but from trust-based relationships built on fair purchasing practices, sustainability concerns, and other ethical commitments.
Oleh
Joleen Ong
The convergence of the compliance and voluntary markets, demand for high-quality carbon credits and efforts to raise the bar on project credibility mean the conditions are right for a market rebound, observers said at the GenZero Climate Summit in Singapore.
The IPCC's climate warning is an opportunity for the business world to show leadership, said UNDP's Achim Steiner in the opening speech at the Responsible Business Forum in Singapore.
Studio EB
With alternatives such as sustainable aviation fuel still too expensive and low in demand for the aviation industry to consider, carbon offsets could be a way to reduce emissions – if used right. EcoSecurities and the International Air Transport Association tell the Eco-Business podcast how airlines can ensure compliance when new regulations become mandatory
David Antonioli says current rules spur piecemeal offsetting instead of enabling faster growth of climate ventures. He expects pushback to his ideas in a market polarised over integrity issues, but wants players to think big-picture.
The climate talks in Glasgow could have a major trickle-down effect on Asia's business community. What should the region's businesses expect from COP26? The Eco-Business Podcast asked energy and sustainability expert Malavika Bambawale.