Browse in news and blog posts

Browse in news and blog posts
Press release: CAT rates COP29 host Azerbaijan's climate action " Critically insufficient"
Publication date 25 Sep 2024

After weakening its updated NDC, removing its 2030 target altogether, and with its pledge to markedly increase fossil fuel production and consequentially increase methane emissions, COP29 host Azerbaijan has earned a "Critically Insufficient" rating from the Climate Action Tracker, in an analysis released today.

From offsetting push to new NDCs: What to watch out for at Climate Week NYC 2024
Publication date 16 Sep 2024

With this summer marking the hottest on record and following a year where the global annual temperature exceeded 1.5˚C, the urgency for accelerated and more effective climate action has never been clearer. As we approach COP29 in Baku, Azerbaijan, critical discussions around the most pressing climate topics – from climate finance, corporate accountability in climate action to national climate targets for 2035 – are laying the groundwork for the UN’s main climate conference. As the countdown to COP29 continues, Climate Week NYC, the largest annual climate event of its kind, will take place from...

VCMI’s revised Scope 3 proposal could distract from and delay immediate climate action, undermining front-runners' efforts
Publication date 02 Sep 2024

Amid growing controversy over potentially loosening rules for offsetting corporate emissions, the Voluntary Carbon Markets Integrity initiative (VCMI) has released a second proposal for its contentious Scope 3 Claim.

Reforming EU Institutions: Pathways to Stronger Climate Leadership and Foreign Policy
Publication date 15 Aug 2024

Despite the rise of far-right parties in the European Parliament, climate action is here to stay. A strong climate foreign policy is crucial to maintain European competitiveness and global leadership in climate action. The new EU political cycle is the right moment for the EU to carry out essential institutional reforms to strengthen its climate foreign policy. Without these reforms, the EU risks losing its position in the global clean economy.

Unpacking Germany’s hydrogen import strategy: 3 considerations for Global South partners
Publication date 07 Aug 2024

In this article, we unpack Germany’s hydrogen import strategy and highlight three key considerations for Global South countries looking to export hydrogen to Germany.

SBTi’s plans for its net zero standard revision may offer a promising way past the disruptive offsetting dispute
Publication date 30 Jul 2024

Following months of polarised wrangling over the potential role of offsetting to meet corporate climate targets, the SBTi has published two papers which shed light on the future trajectory of the initiative’s standards.

Joint Statement: Why carbon offsetting undermines climate targets
Publication date 02 Jul 2024

We call for scientific, ambitious, equitable, robust, credible and transparent rules around carbon accounting and corporate climate target setting. Voluntary and regulatory frameworks on climate transition planning must exclude offsetting.

Reliance on fossil gas risks climate goals and energy security in Southeast Asia: experts
Publication date 25 Jun 2024

Southeast Asia, the fastest-growing region in the developing world, is at a crossroads. On the one hand, it seeks to develop its economy and provide sufficient and affordable energy to power economic and social development, which has historically driven reliance on fossil fuels. On the other hand, the region is among the most vulnerable to the impacts of human-induced climate change – from deadly heatwaves to destructive floods – that are only intensifying with increased greenhouse gas emissions. The key to balancing competing priorities in Southeast Asia -- energy security and economic...

Press release: CAT guide to a good 2035 NDC target
Publication date 10 Jun 2024

The CAT released its "Guide to a good 2035 target" at the climate talks in Bonn, Germany today, setting out a detailed, four-point recipe of key elements governments need to include in their next round of climate targets (Nationally Determined Contributions or NDCs), to be submitted to the UNFCCC from November this year.

Net zero or zero sense: Three reasons to rethink financial institutions' voluntary targets
Publication date 07 Jun 2024

This blog reveals three critical limitations in the voluntary approach of financial institutions’ net-zero targets: the low integrity of existing targets, their limited ability to directly control investee emissions, and a finance-first mandate that hinders voluntary climate action.

Bonn sessions: 3 topics to watch in UN climate talks
Publication date 03 Jun 2024

Climate impacts are getting more severe across the globe, a chilling reminder that there is no more time to waste. Halfway through 2024 and the critical decade of climate action, the midyear UN Climate Change Conference – the 60th session of the Subsidiary Bodies – kicked off on Monday in Bonn, Germany, running from June 3–13. The Bonn sessions are an important platform to continue negotiations on key topics in preparation for the UN’s main COP29 Climate Conference in Azerbaijan in November.

'Greenhushing': An emerging trend or sign of less greenwashing?
Publication date 15 May 2024

The term 'greenhushing' has recently emerged in discussions around corporate climate action, but is it an actual trend? In this blogpost, we dive deeper on the issue.

The SBTi Board’s statement on carbon credits is not grounded in science or due process
Publication date 11 Apr 2024

NewClimate Institute applauds the brave reaction from the staff of the Science Based Targets initiative, who today issued a strong statement rejecting their Board’s unilateral statement on the use of carbon credits.

Press Release – Corporate Climate Responsibility Monitor 2024
Publication date 09 Apr 2024

Despite increased ambition in their climate target-setting, 51 of the world’s largest companies commit to reducing their emissions by only 30% on average by 2030, falling short of the 43% reduction required to limit global warming to 1.5°C, according to a report released today by NewClimate Institute in collaboration with Carbon Market Watch.

Press release - Leading examples of corporate renewable electricity strategies are leaving laggards and standard-setters in the dust
Publication date 16 Jan 2024

The renewable electricity commitments of 10 major companies in the fashion and tech industries vary widely in terms of ambition and credibility. Standard-setting initiatives provide very limited incentives and sometimes even barriers to companies striving for more impactful renewable electricity strategies.

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