South Pole has proposed a new label for climate claims made by companies, in response to the backlash against terms like “carbon neutral”. Carbon credit provider South Pole announced the proposal on 30 April. Global industrial producers face a regulatory obligation to help store 50m tonnes in carbon dioxide annually by 2030 under the Net Zero Industry Act, according to a proposal from the EU. A Japanese oil and gas company, Inpex, has signed an agreement to deliver carbon-neutral gas to a local energy business, making it one of the first such deals in Japan. Standard Chartered has tightened its targets for curbing greenhouse gas emissions associated with its loans to oil and gas companies. Shareholders in Australian fossil fuel company Woodside voted against the reappointment of several members of its board. Meanwhile, Japan has updated its offset programme, focusing on sustainability and discarding conflicts of interest in the run up to its entry to the UN’s offset scheme, CORSIA, while the Asian Development Bank has suggested that pricing should reach least $70 per tonne by 2030 and $153 per tonne by 2050 to trigger a move to low-carbon growth. A report by the New Economics Foundation warned that proposed new fiscal rules may only allow four European countries to invest enough to meet their climate targets.
The groundbreaking net zero school in the UK reaches its highest point of construction.
Construction firm Morgan Sindall has held a "topping out" ceremony at the Buntingford First School in Hertfordshire, which is set...