The Government of Canada has proposed a national emissions cap-and-trade system to limit greenhouse gas (GHG) emissions from the oil and gas sector, aiming to achieve net-zero GHG emissions by 2050. The system will establish reporting and verification requirements, and a legal upper bound on emissions. The regulations will identify regulated parties, establish terms for…

December 8, 2023 China’s State Council has released an action plan aimed at improving air quality and promoting high-quality economic development. The plan outlines measures to achieve cleaner air by 2025, including green industrial shifts, a cleaner energy mix, and a low-carbon transport system. The plan’s objectives include reducing PM2.5 density in cities at the prefecture level…

December 10, 2023 On Food and Agriculture Day at COP28, Environment and Climate Change Canada announced a new draft protocol under Canada’s Greenhouse Gas Offset Credit System. The protocol, known as Reducing Enteric Methane Emissions from Beef Cattle (REME), aims to incentivize farmers to reduce enteric methane emissions from their beef cattle operations. Enteric methane emissions are…

December 11, 2023 The United Nations (UN) has appealed for $46.4 billion in 2024 to assist 181 million people worldwide who are grappling with catastrophic hunger, mass displacement, and diseases due to escalating conflicts, climate emergencies, and collapsing economies. The appeal was made by Martin Griffiths, the UN Emergency Relief Coordinator, during the launch of the…

December 13, 2023 We're excited to share some big news with you! Integix ESG is evolving and taking on a new identity – meet EcoActive ESG. As we launch EcoActive as its own entity, our focus is clearer than ever: delivering exceptional Sustainability Solutions. EcoActive ESG is more than just a rebrand, we understand the challenges of…

December 4, 2023 The European Supervisory Authorities (ESAs) have published their Final Report amending the draft Regulatory Technical Standards (RTS), proposing new mandatory reporting on social factors and greenhouse gas (GHG) emission reduction targets for financial products under the Sustainable Finance Disclosure Regulation (SFDR). The SFDR is part of the EU’s Action Plan on financing sustainable…

December 4, 2023 energyRe, an independent clean energy developer based in the U.S., has successfully raised a $1.2 billion capital package. This funding will support the expansion of its large-scale renewable energy portfolio, which includes utility-scale transmission and storage, onshore wind and solar generation, and offshore wind. The capital investments come from Glentra Capital, Novo Holdings,…

December 3, 2023 The Monetary Authority of Singapore (MAS) has launched the Singapore-Asia Taxonomy for Sustainable Finance. This new system aims to define green and transition economic activities that contribute to environmental and climate-related objectives, helping to identify and allocate capital to sustainable projects and initiatives. The taxonomy covers eight sectors, which account for 90% of…

November 13, 2023 The third session of the Intergovernmental Negotiating Committee (INC-3) to develop an international legally binding instrument on plastic pollution opened in Nairobi, Kenya. This session marks the midpoint towards a global treaty, following two previous rounds of negotiations and with two more planned for 2024. Kenyan President William Ruto emphasized the need for humanity…

November 15, 2023 The European Commission has reached a provisional agreement on a new EU Regulation to reduce methane emissions in the energy sector, both domestically and globally. This regulation, part of President Biden’s Investing in America agenda, aims to curb the release of methane, a potent greenhouse gas, into the atmosphere and minimize leaks from…

November 14, 2023 The U.S. Department of Energy (DOE) is investing over $444 million in 16 projects across 12 states as part of President Biden’s Investing in America agenda. These projects aim to combat climate change by enhancing the nation’s carbon management industry, focusing on expanding carbon dioxide (CO2) storage infrastructure. The goal is to significantly…

November 3, 2023 Switzerland’s Federal Department of Finance (FDF) is set to propose rules which will involve regulating the use of labels like ‘sustainable,’ ‘green,’ or ‘ESG’ on financial products. This decision follows the Swiss Federal Council’s call to prevent greenwashing, where products are falsely presented as sustainable. It suggests that to qualify for a sustainability label,…