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The undefined legal nature of a carbon credit, and the vast gulley between the cost of many new technologies and current allowance prices, are red flags cited by a lawyer reflecting on proposals to integrate carbon removals in compliance schemes.

Three-quarters of carbon projects in the voluntary carbon market (VCM) are ‘low quality and low price’, according to new research published on Tuesday.

There will be a role for carbon removals in the late 2030s to address the residual emissions of agriculture and hard-to-abate industries in the European carbon market, an issue that will be addressed in the next revision of the ETS directive, an EU official confirmed on Tuesday.

Hungary is expected to address European farmers' concerns around the Common Agricultural Policy (CAP) - including on extreme weather associated with climate change and the Green Deal's objectives - by the end of its rotating presidency of the EU Council, according to a minister.

Claims that corporates have used voluntary carbon credits as a “licence to pollute” fail to stand up to scrutiny, according to a report released Tuesday.

An open repository for private sector climate data and an independent environmental disclosure platform will expand their partnership to publicly share a core set of climate data from over 10,000 companies, the two organisations announced Tuesday.

‘It’s like time-travelling,’ says Dr Rebecca West – ‘we’re reversing and going back to what it would have been like 200 years ago’

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Quolls and bettongs delivered to the far north-west corner of New South Wales are the final piece of a decade-long project to reintroduce seven locally extinct mammals to the arid desert landscape.

Twenty burrowing bettongs and 20 western quolls have been released into Sturt national park as part of the Wild Deserts project. They joined previously released and flourishing populations of bilbies, bandicoots and mulgaras (a small but ferocious native predator).

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A Zimbabwean elephant rewilding company is planning to more than double the area from which it will generate biodiversity credits up to 84,000 hectares, Carbon Pulse has learned.

A recently launched registry focused on reducing non-CO2 planet-warming gases on Tuesday announced the release of three methodologies at Climate Week NYC.

A UK-based consultancy and a CEO-level private equity working group have released joint guidelines for integrating carbon valuation into investment decisions.

Latest data from the Clean Energy Council finds Australia hurtling towards a major new milestone for rooftop solar capacity and adding batteries to the mix at a record rate.

The post Australians are installing batteries at a record rate, as rooftop solar heads for major new milestone appeared first on RenewEconomy.

South Africa’s biodiversity stewardship model has been successful but relies heavily on public and NGO funding, creating a finance gap that must be closed through other sources, according to the UNDP’s Biodiversity Finance Initiative (BIOFIN).

UK power company Drax has launched a new US-based subsidiary at New York Climate Week that will spearhead its plans to become a global leader in bioenergy with carbon capture and storage (BECCS).

A Brazilian state has agreed a deal worth an estimated $180 million to sell jurisdictional REDD+ credits to a public-private forest finance coalition.

An open-access data platform has launched a tool aimed at enabling companies, financial institutions, and governments to better understand their impact on nature, it announced Tuesday during Climate Week NYC.

Talks starting next week at the International Maritime Organisation (IMO) on whether to introduce a global greenhouse gas levy and a goal-based fuel standard for the shipping sector are unlikely to yield significant advances, according to people close to the negotiations.

EU default values that convert business spend into Scope 3 emissions are outdated, inaccurate, and “need to be avoided at all costs” for firms doing mandatory reporting, according to the head scientist at a proprietary emissions factor database.

European carbon allowances held firm, trading in a thin range on Tuesday morning, even as gas eased lower with traders still awaiting clarity on a possible Azeri-Ukraine transit deal, while EUAs were said to be supported by some late compliance buying ahead of next week's deadline, with participants keeping close to key price points in anticipation of Wednesday's options expiry.

The Science Based Targets Network (SBTN) outlined the outcomes of its first corporate pilot for nature targets, with some companies gearing up for adopting their drafts, in a report published on Monday.

At least $1.67 billion have been allocated to nature-based solutions (NbS) in Brazil and the Caribbean over the past year, with agriculture-focused solutions seen as the top priority, according to a report released this week.