Top corporations use misleading climate pledges to greenwash image, new report

by Khaled DiabClimate finance, Corporate climate responsibility, Decarbonising European industry, Global marketsPosted on Comments are Disabled

Major global companies are avoiding meaningful climate action and are instead using false, misleading or ambiguous green claims, a new report shows. The first Climate Corporate Responsibility Monitor assesses the pledges made by 25 of the world’s largest corporations, many of them household names, against a set of transparent quantitative and qualitative indicators. Due out …

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EU must stop subsidising polluters with hundreds of billions in free emissions allowances, green groups demand

by Khaled DiabDecarbonising European industry, Effort Sharing Regulation, EU carbon market, National Energy and Climate Plans (NECPs), The EU Green Deal and Climate LawPosted on Comments are Disabled

Even though the European Union’s Emissions Trading System has already issued over €200 billions in free emissions permits, the European Commission is proposing hundreds of billions of euros of additional free allowances for polluting industries. Europe must scrap these pollution subsidies and make polluters pay the true price of their pollution, environmental NGOs urge EU …

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COP26: Half-baked carbon market rules fail to take heat off the climate

by Khaled Diab2050 climate strategies, Climate finance, Global markets, Human rights in climate action, Land use and forestry, National Energy and Climate Plans (NECPs)Posted on Comments are Disabled

After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6. This deal will provide escape hatches for government and corporations seeking to renege on their climate responsibilities, in particular undermining the urgent emissions cuts needed in …

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Net-zero pipe dreams: Carbon-neutral fossil fuel claims amount to greenwashing

by Khaled Diab2050 climate strategies, Carbon dioxide removals, Climate finance, Decarbonising European industry, Global markets, Land use and forestryPosted on Comments are Disabled

A new Carbon Market Watch report thoroughly investigates the growing number of fossil fuels that are being marketed as “carbon neutral” and concludes that they amount to brazen greenwashing. Published ahead of the COP26, the document challenges governments and industry to halt greenwashing practices and commit to binding fossil fuel phaseouts. Today, Carbon Market Watch …

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How EU’s carbon market can scale up international climate finance – Copy

by Khaled DiabEU carbon marketPosted on Comments are Disabled

Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …

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