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A Swiss reinsurance firm has signed a multi-year deal to purchase credits from a biochar project in Bolivia, it announced on Thursday.

The UK's first voluntary biodiversity credit scheme is set to expand over the next two months, with 10 projects ready to be added to the newly-established framework, Carbon Pulse has learned.

The European Green Party, which came out weakened from EU elections on Sunday, offered their backing yesterday to join a coalition led by outgoing Commission President Ursula von der Leyen, saying they were ready to back an “industrial Green Deal” in exchange.

A business case for voluntary biodiversity credits is not there yet, as companies prefer to engage in the carbon market with biodiversity co-benefits due to a lack of trust in a stand-alone market, experts have told Carbon Pulse.

Protecting biodiversity while deploying more infrastructure to decarbonise electricity production is possible and desirable, according to a new guidebook released on Thursday.

The full start-up of the EU’s Carbon Border Adjustment Mechanism (CBAM) is set to drive a battle over who gets to pocket the revenue — a decision that is unlikely to be taken until 2027. 

Almost two-thirds of companies feel confident about their ability to comply with the EU’s newly-adopted Corporate Sustainability Reporting Directive (CSRD)  due to start applying this year, according to a new survey.

The European Green Deal looks likely to have survived the EU elections last weekend, but the far-right’s surge in Germany’s coal regions gives reasons for concern, with trade unions warning about a “corrosive cocktail” threatening climate policy in the long term.

A new technology that can store renewable energy for several weeks, longer than batteries, has secured $300 million of investment in a move that could turbo-charge the net zero transition.

European carbon allowance prices remained firmly rangebound for a fourth day, shrugging off a nearly 10% rally in natural gas this week as the weight of open interest in June EUA call options appeared to be acting as an anchor on prices, breaking the long-standing correlation between the two markets.

Threadbare liquidity and a long bear market have sent shivers through many heavyweight players in the voluntary sector, but two stalwarts of the market believe they have picked the opportune time to launch their new advisory and execution service.

The Voluntary Carbon Market Integrity Initiative (VCMI) has agreed to work with a global partnership of vulnerable countries to broaden access to climate finance through the carbon markets.

The Inter-American Development Bank (IDB) Group has launched a natural capital and biodiversity action plan, planning to embed natural capital more deeply into its operations while scaling biodiversity finance mechanisms.

Howling winds take sea salt from the Southern Ocean and lay it down in Antarctica as snow, then ice. Hidden in these ice cores is a warning about Australian fire seasons. Danielle Udy, Research associate in Climatology, University of Tasmania Anthony Kiem, Associate Professor – Hydroclimatology, University of Newcastle Neil Holbrook, Professor of Ocean and Climate Dynamics, University of Tasmania Nerilie Abram, Professor in Climate Change and Paleoclimatology, Australian National University Tessa Vance, Palaeoclimatologist, Australian Antarctic Program Partnership, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

UBS has partnered with a nature-focused non-profit to better understand how to limit impacts to nature in clean energy investments, with the findings released on Thursday.

Huge solar and battery project proposed next to Callide coal generator, part of which will shut down in a few years.

The post Huge solar and battery project proposed next to rebuilt Callide coal fired power station appeared first on RenewEconomy.

Rising demand for synthetic fuels in aviation and shipping to meet EU decarbonisation targets is driving plans to install carbon capture facilities at pulp and paper mills in the Nordics, with potential to capture about 12 million tonnes of biogenic CO2 annually.

Malaysia’s carbon trading legislation will be presented before Dewan Rakyat, the lower house of parliament, by the end of this year, according to the country’s deputy prime minister.

Owner of Waratah "super battery" says uncertainty around coal closures is a major hurdle for investors in Australia's transition to renewables.

The post Owner of Australia’s “super battery” says coal closure delays setting back shift to renewables appeared first on RenewEconomy.

Members of the public and wildlife organisations spot a whale entangled in two buoys and a rope off the coast of NSW. A rescue team locates the humpback in the water off Fingal Heads with help from a helicopter, before successfully removing the rope that is lodged in its fin

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