U.S. climate envoy Kerry launches carbon offset plan 10/11/2022

U.S. climate envoy John Kerry on Wednesday announced the creation of a carbon offset plan that would help developing countries speed their transition away from fossil fuels. ...more

China willing to contribute to climate damage compensation 10/11/2022

China would be willing to contribute to a mechanism for compensating poorer countries for losses and damage caused by climate change, its climate envoy Xie Zhenhua said on Wednesday at the COP27 conference in Egypt. ...more

COP27: Regulators plan closer scrutiny of carbon markets 10/11/2022

Global securities regulators proposed closer scrutiny of carbon trading on Wednesday to deepen liquidity and prevent greenwashing in markets used by companies to offset their emissions to drive the transition to a net-zero economy. ...more

EU reaches deal on national CO2 emission cut targets 10/11/2022

The European Union has agreed to a law that sets national targets to reduce overall carbon emissions by the end of the decade across sectors including agriculture, buildings and transport. ...more

COP27-Tree-counting NGO offers data to tackle deforestation 10/11/2022

California-based non-governmental organisation CTrees launched on Tuesday a data service to help countries limit deforestation and monitor the number of trees they have. ...more

COP27: UAE and Egypt agree to build one of world's biggest wind farms 9/11/2022

The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Tuesday to develop one of the world's largest onshore wind projects in Egypt, according to an official statement on the Gulf nation's state news agency. ...more

Kuwait says to become carbon neutral in oil and gas by 2050 9/11/2022

Kuwait is committed to becoming carbon neutral in the oil and gas sector by 2050 and in the whole country a decade after that, Foreign Minister Salem al-Sabah told state news agency KUNA on Monday on the sidelines of COP27 climate summit in Egypt. ...more

Global South needs $2 trillion a year to tame, cope with climate 9/11/2022

A trillion dollars should come from rich countries, investors and multilateral development banks, said the analysis commissioned by Britain and Egypt, hosts respectively of the 2021 UN climate summit in Glasgow and this week's COP27 event in Sharm el-Sheikh. ...more

COP27: Austria commits $50 mln for climate 'loss and damage' 9/11/2022

Austria will provide 50 million euros (dollars) to developing countries facing unavoidable damage and losses caused by climate change as it joins a small group of European nations to offer such funds, the country’s climate ministry told Reuters. ...more

Key World Heritage sites will lose their glaciers by 2050 9/11/2022

One-third of World Heritage sites possessing glaciers will lose their ice by mid-century, according to a U.N. Educational, Scientific and Cultural Organization (UNESCO) report. In addition, even if global warming is curbed below 1.5 degrees this would still happen.  ...more