Around The Web

A luxury fashion house has made its inaugural investment in sustainable aviation fuel (SAF) through a partnership with an international shipping company.

The US Inflation Reduction Act (IRA) has sparked a nationwide response from almost every state, as well as Washington DC and Puerto Rico, according to a new analysis, with jurisdictions all seeking to harness the programme’s offer of $5 billion in climate grants.

Carbon market buyers must appreciate the price of climate progress in developing countries and fund projects in line with their investment needs, not necessarily according to market rates, according to a government official speaking on an OECD webinar Thursday.

A global provider of data hosting solutions announced Wednesday the expansion of renewable fuel use to replace diesel in power generators at several US data centres.

The record fall in emissions registered in 2023 puts the EU on track to reach its climate target for 2030, with only 15 percentage points to make up to hit the 62% greenhouse gas reduction objective set for the bloc's ETS, an official said.

Insurance companies need to implement transition plans to manage climate-related risks, or financial instability will unfold, a report published on Thursday warned.

The UK government should publish an updated National Biodiversity Strategy and Action Plans (NBSAP) setting out how it will deliver on international nature goals through disclosures, a report has found.

Improving the climate resilience of smallholder farms while strengthening coffee supply chains is the focus of a Swiss-Colombian startup looking to apply carbon-rich biochar to the soils of coffee plantations, with the sequestration monetised through the sale of removals.

A voluntary carbon standard has made a step forward on a deforestation risk mapping tool for jurisdictional REDD projects by advancing work across the first set of forest-rich nations, it said Thursday.

Key differences between the most prominent biodiversity disclosure initiatives have been examined in a report published by the EU Business & Biodiversity (B&B) Platform.

Employees at SBTi have called for their CEO to resign over controversial plans which they fear will enable greenwashing

Staff at one of the world’s leading climate-certification organisations have called for the CEO and board members to resign after they announced plans to allow companies to meet their climate targets with carbon offsets.

They fear that companies will use the offsets for greenwashing, while avoiding making the necessary cuts in greenhouse gas emissions – without which the world faces climate catastrophe.

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The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.

The European Parliament voted on Thursday to approve a reform of the EU electricity market design aiming to protect consumers from sudden price shocks, along with a plan to facilitate the uptake of 'low-carbon gases' such as hydrogen.

Government recovery fund stipulates affected areas must be less than 150 metres from a ‘main’ river

Farmers who have their entire cropping land submerged underwater have found they are ineligible for a government flooding hardship fund – because their farms are too far from a major river.

According to the Met Office, 1,695.9mm of rain fell from October 2022 to March 2024, the highest amount for any 18-month period in England since the organisation started collecting comparable data in 1836. Scientists have said climate breakdown is likely to cause more intense periods of rain in the UK.

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A California-based direct ocean capture (DOC) company has raised additional funding to support the commercialisation of its technology to harness the ocean's role in carbon absorption.

European carbon prices rose sharply on Thursday morning, erasing Wednesday's losses and setting a new 11-week high, as energy prices surged after Russia attacked Ukrainian energy and gas facilities.

Serbia will join Hungary and Slovenia’s regional energy exchange to encourage development and as part of the country’s efforts to avoid having to pay the EU’s new Carbon Border Adjustment Mechanism (CBAM) fee, it announced this week.

Leaders have failed to tackle invasion of sargassum, which may have a bumper year in 2024

Schools evacuated due to toxic gas. Smelly tap water at home. Tourist operators and fishers struggling to stay in business. Job losses. Power outages affecting tens of thousands of people at a time. Dangerous health problems. Even lives lost.

Such crises were some of the consequences of sargassum seaweed in the islands of the Caribbean in 2023, which have become common in the region since 2011, when massive blooms began inundating the shorelines in the spring and summer months.

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A Japanese project developer has entered into an agreement with a Bangkok-based firm for an afforestation project in Thailand under Japan’s Joint Crediting Mechanism (JCM), the companies announced Thursday.

A UK waste-to-energy company announced Thursday that it is moving ahead with plans to invest £200 million in carbon capture and storage (CCS) technology at a site in Wales, which it says will turn the plant into a carbon-negative power producer.