By Benji Jones and Byrd Pinkerton, Vox Nature is priceless. But how much would you pay for it? Bats, the world’s only flying mammals, spend much of their lives eating. In North America, most of them chow down on insects — things like mosquitos, moths, and leafhoppers. They can catch as many …
Can carbon offsets actually work? The Biden administration thinks so.
By Joseph Winters, Grist New guidelines aim to restore confidence in the controversial climate solution. On Tuesday, the Biden administration unveiled new guidelines on “responsible participation” in the voluntary carbon market, or VCM — the system that allows companies to say they’ve canceled out their greenhouse gas emissions through the …
International Debt Is Strangling Developing Nations Vulnerable to Climate Change, a New Report Shows
By Katie Surma, Inside Climate News Many small island nations which contributed little to climate change now must borrow money to rebuild after climate-induced storms. The debt service they’re carrying hinders their ability to invest in new adaptive infrastructure before the next storms hit. Small island developing countries are increasingly …
First 3 Carbon-Offset Programs Deemed Trustworthy by Integrity Council
By Sustainable Brands In what it’s calling a new chapter of trust and standardization for the voluntary carbon market, the Integrity Council for the Voluntary Carbon Market gives three carbon-crediting programs its seal of approval. The Integrity Council for the Voluntary Carbon Market (ICVCM) — an independent governance body for the voluntary carbon …
Central banks use AI to assess climate-related risks
By Huw Jones, Reuters LONDON, March 19 (Reuters) – Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for International …
U.S. SEC waters down its climate reporting rule under legal threats
By Eugene Ellmen, Corporate Knights Will Canada align itself with weaker U.S. standard, or will it go further and adopt full-scope climate reporting like Europe, California and China? The sustainable investment industry in the United States has grudgingly endorsed a watered-down regulation on climate disclosure, acknowledging a barrage of lobbying …
New Rules Will Force U.S. Firms to Divulge Their Role in Warming the Planet
By Evan Halper and Maxine Joselow, Washington Post The Securities and Exchange Commission votes 3-2 to require companies to disclose their emissions and the climate risks they face Corporations will have to share key details about their role in driving climate change and the threat that warming poses to their …
EY: Boards Must Embolden C Suites to Embed Sustainability
Sustainable Brands The 2024 EY Europe Long-Term Value and Corporate Governance Survey finds just 24% of EU company leaders understand how ESG priorities will create value; Boards must step up and challenge cooling corporate commitment to sustainability. Focusing on sustainability in today’s operating environment is clearly challenging; and EY sees worrying signs …
What is in the US SEC’s Proposed Rule on Climate Reporting?
By Douglas Gillison, Reuters Feb 28 (Reuters) – Wall Street’s top regulator will vote on March 6 whether to adopt far-reaching changes to the way thousands of U.S.-listed companies tell investors how climate change will affect their bottom line, a landmark rule for the U.S. Securities and Exchange Commission. The …
US Regulator Drops Some Emissions Disclosure Requirements From Draft Climate Rules
By Chris Prentice, Isla Binnie, Jarret Renshaw, and Douglas Gillison, Reuters Feb 22 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said …