Climate campaigners have accused Switzerland’s export credit agency of “watering down” its climate commitments, after it scrapped a pledge to end all support for the fossil fuel sector.
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🙌 Massive win for the climate! By leaving the Energy Charter Treaty, fossil fuel corporations can no longer sue the UK government for implementing the ambitious and necessary policies needed for a green transition. Well done the Climate Change Committee, Chris Skidmore and all the politicians and campaigners involved in making this happen. 👏 Read more here: https://lnkd.in/en97gR9N #ClimateEmergency #ClimateAction #ActNow
UK quits treaty that lets fossil fuel firms sue governments over climate policies
theguardian.com
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The government has announced updated settings for the New Zealand Emissions Trading Scheme. The ETS is a key tool for decarbonising the economy and it is vital it functions effectively. The government: - has reduced the number of units available between 2025 and 2029, from 45 million to 21 million. This looks like a drastic drop but reflects the oversupply of units held by participants which has contributed to a depreciated carbon price and the failure of recent auctions to clear. - will lift the auction floor price to $68 per unit from 2025. - will lift the Tier 1 cost containment reserve price to $193 per unit and the Tier 2 price to $242 per unit from 2025 - will retain the current reserve volumes of New Zealand units in the ETS. These adjustments align with the Climate Change Commission’s advice. #ClimateChange #Emissions #EmissionsTradingScheme
Annual updates to emission unit limits and price control settings
environment.govt.nz
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Born @ 314.8 ppm CO₂ - Founder Indonesian Waste Platform, co-initiator International Waste Platform, environmental activist, amplifying news related to the #PlanetaryBoundaries, promoting collective action
#ClimateCrisis Milieudefensie takes on ING with legal action on climate change. This is the first climate case in The Netherlands against a financial institution. Summary of the notice of liability https://lnkd.in/efHRbb7Q
Summary of the notice of liability
en.milieudefensie.nl
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The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, has been passed today with amendments in the Senate, including significant provisions regarding mandatory climate disclosures in Australia. The Bill mandates that entities perform scenario analyses to evaluate their #climateresilience with proposed amendments, including assessing at least two potential future #climatescenarios: a low global warming scenario consistent with a 1.5°C increase above pre-industrial levels, and a high scenario exceeding 2.5°C These amendments ensure that companies consider a range of climate futures, aligning with international best practices and enhancing #transparency in reporting climate related financial #risks and #opportunities. The Bill must now return to the House of Representatives for further consideration due to these amendments. This legislative development is a crucial step in Australia's commitment to robust #climatereporting standards, providing #investors and #stakeholders with comprehensive insights into how companies are preparing for #climaterelated challenges. #climatedisclosures #sustainabilityreporting #australia #legislation #environmentalImpact #sustainability
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When it comes to national contributions to global warming obviously we are behind schedule. Plans are a bit better but not on the spot and realization is far behind. More companies would made contributions to their countries scope through their ESG trajectories but Europe might offer them tax credits as US do. #tax #credits #esg
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TRANSITIONING AWAY FROM FOSSIL FUELS What if adopting the Energy Taxation Directive was a mitigation action under UNCLOS? Without the elimination of fossil fuel subsidies from our economies, we will not be able to reach climate objectives under EU law or broader climate objectives under the Paris agreement, in order to ensure a decent future for the planet and humankind in the coming decades. https://lnkd.in/e2bKvdRn
TRANSITIONING AWAY FROM FOSSIL FUELS
https://fishfocus.co.uk
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Briefing: What if adopting the Energy Taxation Directive was a mitigation action under UNCLOS? https://bit.ly/etd_unclos "Without the elimination of fossil fuel subsidies from our economies, we will not be able to reach climate objectives under EU law or broader climate objectives under the Paris agreement, in order to ensure a decent future for the planet and humankind in the coming decades. Last December’s COP28 climate summit underlined the urgent need to transition away from fossil fuels and the phasing out of inefficient fossil fuel subsidies that do not address energy poverty or just transitions." Flaminia Tacconi
Briefing: What if adopting the Energy Taxation Directive was a mitigation action under UNCLOS?
https://decarbonisenow.eu
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TRANSITIONING AWAY FROM FOSSIL FUELS What if adopting the Energy Taxation Directive was a mitigation action under UNCLOS? Without the elimination of fossil fuel subsidies from our economies, we will not be able to reach climate objectives under EU law or broader climate objectives under the Paris agreement, in order to ensure a decent future for the planet and humankind in the coming decades. https://lnkd.in/e2bKvdRn
TRANSITIONING AWAY FROM FOSSIL FUELS
https://fishfocus.co.uk
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How much trade is regulated to mitigate #climatechange? UNCTAD's new report examines the use of trade-related regulations, known as non-tariff measures, in support of domestic and international climate change mitigation efforts. Read the report. bit.ly/3Tm1rei #COP28
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