archiveSUSTAINABLE-BUSINESS

EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta (META.O) in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services.Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp.The European Union...

November 14 - On October 1, the European Union’s carbon border adjustment mechanism (CBAM) took effect in a transitional phase. Importers will be required to report relevant data to the EU but will not be required to pay the charge until January 1, 2026.The CBAM is intended to apply to certain imports a carbon price equivalent to the internal EU regulatory price charged for carbon, through a border adjustment tax. The CBAM will initially apply to imports of carbon-intensive goods – such as cement, iron and steel, aluminium, fertilisers, electricity...

Rocky Mountain Institute says BiCRS has potential to remove 5.5 gigtons of CO2 globally per yearBiochar accounts for over 90% of carbon credits; IPCC says it has 'signifiant mitigation' potentialCharm Industrial injecting bio-oil into abandoned oil wells, removing over 6,000 metric tons of CO2Puro.earth piloting woody biomass burials methodology; Zurich pre-paying for CO2 removal certificatesNovember 14 - Storing carbon in living biomass has long been touted as a solution to climate change, but as successive scandals and concerns about destruction by wildfires has dampened the market for tree-planting credits, many...

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - A group of 39 Senate Republicans in a letter on Monday called on major U.S. banking regulators to withdraw a contentious proposal to significantly raise bank capital requirements, warning it could hinder lending and harm the economy.THE TAKERepublicans have been consistently critical of the so-called "Basel III endgame" proposal, but Monday's letter marks one of the broadest, most explicit attempts so far to derail that effort,...

Nov 13 (Reuters) - Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change.The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase (JPM.N) and Bank of America (BAC.N), began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the...