COP27

African Carbon Origination to Explode via Carbon Trade eXchange (CTX)

Retrieved on: 
Thursday, December 1, 2022

This Agreement was forged at COP27 in Egypt to meet an overwhelming demand for Africa to engage in supporting the Carbon Markets.

Key Points: 
  • This Agreement was forged at COP27 in Egypt to meet an overwhelming demand for Africa to engage in supporting the Carbon Markets.
  • CTX, GEM and Ecologistics will work together to expand GEMs National Carbon Meta Registries aimed at supporting the development of Carbon Markets, ITMO, Voluntary Markets in Africa, and to produce Carbon Credits to be available for global trading via an electronic interface with CTX.
  • Leveraging GEMs Technology Infrastructure for the Future of our Planet provides the opportunity for governments, as Paris Agreement signatories, to support their commitments and trade credits under Article 6.
  • GEM licenses registry software solutions and the Trading Exchange Technology for environmental commodity markets.

Carbon Credits Need More Supply and Integrity to Meet Global Demand, Says IEF

Retrieved on: 
Thursday, December 1, 2022

Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.

Key Points: 
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.
  • According to the World Bank, global carbon credit revenue grew 60 percent to $84 billion in 2021.
  • Saudi Arabia, for example, held its first auction in October, selling 1.4 million tons of high-quality, CORSIA-compliant and Verra-registered carbon credits.
  • The IEF is the global home of energy dialogue promoting energy security, market stability and transparency.

Carbon Credits Need More Supply and Integrity to Meet Global Demand, Says IEF

Retrieved on: 
Thursday, December 1, 2022

Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.

Key Points: 
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.
  • According to the World Bank, global carbon credit revenue grew 60 percent to $84 billion in 2021.
  • Saudi Arabia, for example, held its first auction in October, selling 1.4 million tons of high-quality, CORSIA-compliant and Verra-registered carbon credits.
  • The IEF is the global home of energy dialogue promoting energy security, market stability and transparency.

Sims Limited Signs Global Agreement on Climate Policy Engagement

Retrieved on: 
Wednesday, November 30, 2022

SYDNEY, Nov. 30, 2022 /PRNewswire/ -- Sims Limited (ASX: SGM), a global leader in sustainability and an enabler of the circular economy, and joint venture partner LMS Energy, one of Australia's largest emissions reducers and most experienced landfill biogas companies, today announced that they are the latest signatories of the Action Declaration on Climate Policy Engagement. The declaration, a joint initiative of Corporate Knights and the Global 100 Council, was announced recently at COP27, the 2022 United Nations Climate Change Conference in Sharm el-Sheikh, Egypt.

Key Points: 
  • This action garnered the support of more than 50 global companies that are committed to ensuring their climate policy engagement, and that of their industry associations, helps to address climate change, not stall it.
  • It brings together corporate leaders who are committed to improving publicprivate policy engagement to move the world toward the clean economy needed to address climate change.
  • "This year, Sims Limited assessed the climate policy positions of our industry associations as part of our shareholder-endorsed climate action plan and disclosed the results," said Alistair Field, chief executive officer and managing director at Sims Limited.
  • Sims Limited joins more than four dozen global companies that are also committed to ensuring their climate policy engagement supports governments in addressing climate change.

Sims Limited Signs Global Agreement on Climate Policy Engagement

Retrieved on: 
Wednesday, November 30, 2022

SYDNEY, Nov. 30, 2022 /PRNewswire/ -- Sims Limited (ASX: SGM), a global leader in sustainability and an enabler of the circular economy, and joint venture partner LMS Energy, one of Australia's largest emissions reducers and most experienced landfill biogas companies, today announced that they are the latest signatories of the Action Declaration on Climate Policy Engagement. The declaration, a joint initiative of Corporate Knights and the Global 100 Council, was announced recently at COP27, the 2022 United Nations Climate Change Conference in Sharm el-Sheikh, Egypt.

Key Points: 
  • This action garnered the support of more than 50 global companies that are committed to ensuring their climate policy engagement, and that of their industry associations, helps to address climate change, not stall it.
  • It brings together corporate leaders who are committed to improving publicprivate policy engagement to move the world toward the clean economy needed to address climate change.
  • "This year, Sims Limited assessed the climate policy positions of our industry associations as part of our shareholder-endorsed climate action plan and disclosed the results," said Alistair Field, chief executive officer and managing director at Sims Limited.
  • Sims Limited joins more than four dozen global companies that are also committed to ensuring their climate policy engagement supports governments in addressing climate change.

AMEA Power Completes US$1.1 Billion Deal to Deploy 1GW of Wind and Solar Energy in Egypt

Retrieved on: 
Wednesday, November 30, 2022

AMEA Power, one of the fastest growing renewable energy companies in the Middle East, announced today that it has achieved the financial close to deliver 1GW of renewable energy projects in Egypt.

Key Points: 
  • AMEA Power, one of the fastest growing renewable energy companies in the Middle East, announced today that it has achieved the financial close to deliver 1GW of renewable energy projects in Egypt.
  • (Photo: AETOSWire)
    AMEA Power will develop, own and operate the 500MW solar PV plant, which will be located in the Aswan governorate of Egypt.
  • Hussain Al Nowais, Chairman of AMEA Power, said: These landmark projects reflect the long-term commitment, ambition and growth of AMEA Power.
  • AMEA Power is rapidly expanding its investments in wind, solar, energy storage and green hydrogen, demonstrating its long term commitment to the global energy transition.

COP27: Sharm El-Sheikh Implementation Plan Re-Affirms Developing Country Action to Slow, Stop, and Reverse Deforestation through the REDD+ Mechanism

Retrieved on: 
Wednesday, November 30, 2022

SHARM EL SHIEKH, Egypt, Nov. 30, 2022 /PRNewswire/ -- One year after COP26 where the REDD+ Mechanism was controversially removed from the implementation article of the Paris Agreement (Article 6), rainforests nations successfully negotiated the mechanism back into the COP27 Sharm-El Sheikh Implementation Plan on Saturday night.

Key Points: 
  • The positive outcome of the final text on forests and finance is in line Papua New Guinea's Prime Minister Hon.
  • James Marape's call for climate action at UN General Assembly," said Simo Kilepa, Minister of Environment, Conservation and Climate Change, Papua New Guinea.
  • We thank the Egyptian Presidency for the transparency and inclusiveness with which they conducted the talks this year."
  • that allow private sector finance to developing countries in return for accomplished emissions reductions under the REDD+ mechanism.

Trina Solar shares its low-carbon vision at COP27

Retrieved on: 
Wednesday, November 30, 2022

Zeng cited what Trina Solar calls its Qinghai strategy in the speech.

Key Points: 
  • Zeng cited what Trina Solar calls its Qinghai strategy in the speech.
  • The strategy enables the deep decarbonation in the upstream supply chain of Trina Solar, avoiding carbon emission by almost 95%.
  • Trina Solar is committed to leading the way in smart solar energy solutions for a net-zero future.
  • In May, 2022, Trina Solar received LCA certificate for its 210mm Vertex modules from the independent testing and certification authority TV Rheinland,becoming the first solar company to receive LCA certification for 210mm modules.

Trina Solar shares its low-carbon vision at COP27

Retrieved on: 
Wednesday, November 30, 2022

Zeng cited what Trina Solar calls its Qinghai strategy in the speech.

Key Points: 
  • Zeng cited what Trina Solar calls its Qinghai strategy in the speech.
  • The strategy enables the deep decarbonation in the upstream supply chain of Trina Solar, avoiding carbon emission by almost 95%.
  • Trina Solar is committed to leading the way in smart solar energy solutions for a net-zero future.
  • In May, 2022, Trina Solar received LCA certificate for its 210mm Vertex modules from the independent testing and certification authority TV Rheinland,becoming the first solar company to receive LCA certification for 210mm modules.

MSCI’s Net-Zero Targets Approved by The Science Based Targets initiative

Retrieved on: 
Wednesday, November 30, 2022

MSCI (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that its enhanced net-zero greenhouse gas (GHG) emissions reduction targets have been approved by the Science Based Targets initiative (SBTi).

Key Points: 
  • MSCI (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that its enhanced net-zero greenhouse gas (GHG) emissions reduction targets have been approved by the Science Based Targets initiative (SBTi).
  • MSCI is proud to be in the first group of companies to receive approval for its net-zero targets from SBTi, a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science.
  • I am pleased to announce our new commitments on the heels of the tremendous momentum that emerged from COP27.
  • MSCIs enhanced commitments will help us drive accountability and stay aligned with a sustainable climate pathway.