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Virginia Furness

FILE PHOTO: A boat lies on the partially dried-up bed of the Villa Victoria dam, which supplies water to Mexico's capital, as the Cutzamala System's stores have their lowest level in years due to a drought, in Villa Victoria, Mexico June 19, 2024. REUTERS/Paola Garcia/File Photo
BusinessCarbon ManagementClimateFinanceFuelNews

More finance, policy ambition demanded at London climate week

Countries need to dig deeper to provide the finance and set the policies needed to shift to a low-carbon economy, delegates heard this...

FILE PHOTO: Protesters carry signs during the Peoples Climate March at the White House in Washington, U.S., April 29, 2017.      REUTERS/Joshua Roberts/File Photo
ClimateNewsPolitics

Right-wing shift may slow, not reverse climate action

A political tilt to the right in Europe will not derail climate efforts as businesses are increasingly locked into green strategies.

Mark Carney, the UN Special Envoy on Climate Action and Finance, attends The Museum of American Finance Gala, at the Ziegfeld Ballroom in New York City, U.S., March 7, 2024. REUTERS/Jeenah Moon/ File Photo
BusinessClimateEconomyFinanceNewsPolitics

US House committee grills Carney, Schapiro in push against climate coalitions

US lawmakers' committee interviews with GFANZ leaders Carney and Schapiro in escalation of push against coalitions to tackle climate change

FILE PHOTO: Gas flares are seen at the state-owned oil company PDVSA, in Punta de Mata, Venezuela April 5, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo
ClimateEmissionsEnvironmentLegislationNewsPoliticsRegulations

West African nations call for firms to be able to offset carbon

A group of West African countries has weighed into a debate over whether companies should be allowed to use carbon offsets to cut...

Activists stand next to banners during the "People's Picket" as they take part in the Extinction Rebellion's 'The Big One' event, outside The Department for Energy Security and Net Zero's building, in London, Britain, April 21, 2023. REUTERS/Henry Nicholls/ File Photo
BusinessClimateEmissionsFinanceNatural GasNewsOil

Corporate climate plan verifier tightens rules for banks, asset managers

The Science Based Targets initiative (SBTi), a voluntary organisation which assesses corporate climate action plans, says it will now ask for more ambition...

FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson
BusinessEmissions MarketsEnvironmentIndustryNewsVoluntary Carbon Markets (VCMs)

Microsoft backs tree-planting carbon removal scheme in Panama

Microsoft carbon offset project will see 10,000 hectares reforested in Central America in bid to remove 3.2m tonnes of carbon from the atmosphere.

FILE PHOTO: Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kell/File Photo
BusinessEmissions MarketsNewsPoliticsRegulationsVoluntary Carbon Markets (VCMs)

US regulator homes in on malpractice in voluntary carbon markets

CFTC's carbon markets fraud probe looks at false claims about environmental benefits and green credentials.

FILE PHOTO: The sun sets next to a smokestack from a coal-burning power station in Beijing January 9, 2008.  REUTERS/David Gray
BusinessClimateEmissions MarketsNewsPoliticsVoluntary Carbon Markets (VCMs)

Corporate climate watchdog document deems carbon offsets largely ineffective

UN-backed non-profit's findings in draft document show that carbon credit schemes fail to deliver benefits and exaggerate their effectiveness.

BusinessClimateEmissions MarketsNewsVoluntary Carbon Markets (VCMs)

Carbon credit standards approval extended to 98% of market

Five of the world's largest carbon credit programmes now have initial approval from standards body interested in 'high quality' schemes.

The London skyline is seen shortly after sunrise from Richmond Park in London, Britain, August 10, 2023. REUTERS/Toby Melville/File Photo
BiodiversityBusinessClimateEnvironmentFinanceNews

Nature loss could slow UK growth 12% by the 2030s, report says

Biodiversity loss and environmental degradation create major risks for the UK economy and financial sector, says Green Finance Institute.

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