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Taskforce on Scaling Voluntary Carbon Markets launches market governance consultation
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Major new consultation to seek feedback on proposals for new market governance body, legal principles, and measures to ensure carbon credit integrity
The Taskforce on Scaling Voluntary Carbon Markets has today launched a major new consultation on proposals for a new international market governance body, the legal principles for the fast-expanding market, and how to define high-quality carbon credits.
The Taskforce was launched last autumn by former Bank of England Governor Mark Carney in his role as UN Special Envoy on Climate Action and Finance, and is backed by over 250 global companies and NGOs.
Net zero means no new oil and gas fields, warns IEA
International Energy Agency calls for abrupt halt to fossil fuel era and warns demand must fall by 75pc to meet climate change goals
18 May 2021 • 6:00am
The age of oil and gas exploration is already over and no new fields will need to be developed if the world succeeds in bringing global warming under control, the International Energy Agency has said.
In a landmark report on the path to net zero carbon emissions by 2050, the organisation (IEA) says that oil demand will need to drop by 75pc over the next three decades - rendering the need to exploit new reserves obsolete. No further coal mines will be needed either.
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