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The European Commission will publish preliminary 2023 verified emissions figures for the EU ETS on Apr. 3, it announced late Tuesday.

Climate Change Committee finds Scottish government has repeatedly failed to make cuts required by law

Scotland’s pledge to cut its climate emissions by 75% by 2030 is “no longer credible” and cannot be met, the UK’s climate watchdog has said.

In a damning report submitted to the Scottish parliament, the UK Climate Change Committee (CCC) accused the Scottish government of repeatedly failing to live up to its legally binding targets.

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Pressure is mounting on the Science Based Targets initiative (SBTi) to recognise the use of voluntary carbon credits in setting and achieving emission targets after a comprehensive survey of large corporations found the move would accelerate their spend in the market by 9% a year.

The world’s largest oil and gas companies are far from aligning with the Paris Agreement’s goals, instead targeting new fossil fuel developments and production in the near term, according to analysis published on Wednesday.

The first New Zealand ETS auction for 2024 has partially cleared, with 2.974 million NZUs being sold, the first time the government-run auctions have sold units since Dec. 2022.

Sydney, Australia – EnergyLab, Australia’s leading climate tech startup accelerator, today launched its inaugural Decarb Debrief, which reviews its impact in 2023 and found that its alumni collectively raised a record-breaking AUD $289 million during the year, with Australian-based startups securing AUD $124 million of the total amount. The findings show the significant interest in […]

The post EnergyLab’s Australian Startups Raise $124 Million in Record- appeared first on RenewEconomy.

We’ve known about dryland salinity for a century. But while we’ve made progress, the problem hasn’t yet been solved. Nik Callow, Associate Professor - Geography, The University of Western Australia David Pannell, Professor and Director, Centre for Environmental Economics and Policy, The University of Western Australia Ed Barrett-Lennard, Professorial fellow, Murdoch University Richard George, Honorary fellow, The University of Western Australia Tom Hatton, Adjunct professor, The University of Western Australia Licensed as Creative Commons – attribution, no derivatives.

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Although enhanced rock weathering has picked up in popularity as a method of CO2 removal, a US-based research group found there was a significant range in its effectiveness across studies and that results should not be taken at face value.

Members of the European Parliament appeared divided as they discussed a set of potential new rules for the agri sector in a double meeting with the Commission on Tuesday.

TotalEnergies announced on Monday the acquisition of a 25% stake in Bayou Bend carbon capture and storage facility plus shares in two other projects, in a $148 million deal for the CCS subsidiary of Talos Energy.

The UK is seeking feedback on a policy framework to support biomethane production, including on how to distinguish its emissions from those from fossil gas in the country's ETS.

Community leaders of a Kenyan REDD avoided deforestation voluntary carbon project that was mired by a sexual offences scandal have sternly rebuked the handling of the investigation, alleging disgruntled former employees were offered cash to make statements that were embellished to suit the narrative.

The chair of the European Parliament’s international trade committee has called on the EU to be “flexible” with the Carbon Border Adjustment Mechanism (CBAM), saying legislators should be ready to amend the regulation if needed at the end of the transitional period.

Shadow chancellor to use annual Mais lecture to set out plans to green the economy if party wins election

A Labour government will make fighting global heating a priority for the Bank of England as it seeks to put environmental sustainability at the heart of its plans to grow the economy, Rachel Reeves is to announce.

The shadow chancellor will say in a speech in London on Tuesday evening that if Labour wins the general election she will reverse Jeremy Hunt’s decision last year to downgrade the emphasis on the climate crisis in Threadneedle Street’s main objectives.

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There is a risk of the “dark side of carbon dioxide removals (CDR) taking over” if technologies to suck CO2 from the atmosphere are included in the EU's Emissions Trading Scheme (EU ETS), experts warned at an event in Brussels on Tuesday.

Oil major Shell spent $86 million on voluntary carbon credit-generating projects last year, and saw its retirements rise 275% year-on-year to 21.8 mln.

Gold Standard will update its requirements to comply with those of the Integrity Council for the Voluntary Carbon Market (ICVCM), meaning voluntary carbon credits will need to include data on the entity and purpose of retirement when the action is completed on its registry.

Denmark-based Velux Foundation has allocated $1 million to a newly launched programme aimed at developing metrics to support financial institutions in measuring their impacts and dependencies on oceans, Carbon Pulse has learned.

Projects to rewild habitats offer similar CO2 sequestration rates as new native woodland initiatives over a 19-year period, in addition to better biodiversity outcomes, according to a study of an estate in southern England.