Feed aggregator

The UK may use Article 6 credits for “above and beyond” mitigation, pending a decision on how to approach its next set of UN climate goals, with the country's lead Article 6 negotiator hopeful for a breakthrough in talks at the upcoming COP29 meeting, a conference heard Tuesday.

A US-based carbon credits standard has registered the first project under its biochar methodology, the company said in a press release.

Investors want detailed data and long-term investment strategies to navigate future carbon pricing scenarios, as they prepare to work in a context with fewer free allowances in compliance markets.

RGGI states will offer a similar volume of permits at their Q4 sale as the prior quarter, according to a Tuesday announcement, even as RGGI Allowance (RGA) prices in the secondary market have declined 27% since the September auction. 

The UK government is considering key reforms to the next renewables auction in 2025 including on reference price reform, longer contracts, and capacity targets, an official said on Tuesday.

Chile’s environment ministry aims to double the carbon tax liability ‘paid’ in carbon credits next year and businesses are on board, Carbon Pulse heard from an official at the Chile Carbon Summit in Santiago on Tuesday.

The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.

The English biodiversity net gain (BNG) small sites exemption should be expanded, as minor developers are disproportionately affected, a consultant told Carbon Pulse, contrasting calls to move in the opposite direction.

A UK shipping trade association is calling for a £700 million government investment in the country's upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.

Record emissions, temperatures and population mean more scientists are looking into possibility of societal collapse, report says

Many of Earth’s “vital signs” have hit record extremes, indicating that “the future of humanity hangs in the balance”, a group of the world’s most senior climate experts have said.

More and more scientists are now looking into the possibility of societal collapse, says the report, which assessed 35 vital signs in 2023 and found that 25 were worse than ever recorded, including carbon dioxide levels and human population. This indicates a “critical and unpredictable new phase of the climate crisis”, it says.

Continue reading...

Tanya Plibersek claims Labor is protecting 52% of its ocean territory, but experts say that is ‘misleading’

• Follow our Australia news live blog for latest updates
• Get our breaking news email, free app or daily news podcast

Scientists have challenged Tanya Plibersek’s claim that Australia is protecting more than half of its oceans and has “blitzed” a 30% target, arguing industrial longline fishing will still be allowed in some areas the government says it is conserving.

The environment minister told a “global nature-positive summit” in Sydney on Tuesday the government had quadrupled the size of the sub-Antarctic Heard Island and McDonald Islands Marine Reserve, a world heritage area about 4,000km south-west of Perth.

Sign up for Guardian Australia’s breaking news email

Continue reading...

An Amsterdam-based carbon removal accelerator has selected its first cohort of Indian climate startups to scale carbon removal solutions across the country, marking its entry into the Asian market, it announced at an event in Mumbai on Tuesday.

Alexander Darwall, owner of Blachford estate in national park, is challenging the right to wild camping

Picnicking on Dartmoor is trespassing, according to the lawyers for a landowner who is challenging the right to wild camping on the moors.

The public should have no right to undertake any activities other than walking or horse riding in the Dartmoor national park without landowner permission, Timothy Morshead KC told a supreme court hearing on Tuesday.

Continue reading...

A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.

An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.

The government of Quebec, in Canada, has announced a C$922 million ($676 mln) action plan to advance nature protection and restoration across the province.

European carbon allowance prices came under renewed pressure on Tuesday morning amid continued gloomy macroeconomic and geopolitical sentiment, but found support above Monday's six-month low.

An industrial ceramics producer that is facing significant additional costs under the EU ETS if it doesn’t decarbonise fast enough views capturing carbon and converting it into useful products as vital to its continued business offering in Europe.

Two bioenergy carbon capture and storage (BECCS) projects have passed the 'deliverability assessment' as part of the UK government's HyNet cluster expansion process, putting them on track to become operational by 2030, the developer announced on Tuesday.

A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.