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Fourteen countries, including the US, France, and the UK, issued a statement at COP29 in Baku on Thursday affirming their commitment to scale up finance for forests, based on 'high-integrity' carbon markets.

A White House official said Thursday that the US has had active and productive negotiations with Chinese delegates over reducing non-CO2 greenhouse gases (GHG), adding that Beijing has signalled interest in implementing regulatory controls over non-CO2 gases similar to those in the US.

Some 5% of recent planning applications have complied with England’s biodiversity net gain (BNG) rules, in a positive sign the legislation is working, a lawyer has said.

Alberta government and industry were sceptical of the viability and effectiveness of Canada’s emissions cap on its oil and gas sector, highlighting instead the success of provincial emissions reductions efforts on the sidelines of COP29.

Low- and middle-income economies invested $2.3 trillion in their energy systems last year, yet only 14% of that spending outside China went towards low-carbon solutions, a new report has found.

The government of Para state in Brazil is expected this Friday to launch a long-awaited call for tenders to take on an ecological restoration-oriented forest concession, which will generate carbon credits from the reforestation process.

A large home retailer is investing €1.5 billion in renewable energy at its sites to phase out the direct use of fossil fuels under a target to reduce its operational carbon footprint 85% by 2030.

The Central Electricity Regulatory Commission (CERC), regulator of the power sector in India, this week released guidelines for the buying and selling of carbon credit certificates (CCCs) on power exchanges.

The UK is poised to ban new coal mines, soon after becoming the first industrialised country to end coal-fired power generation, the government announced on Thursday.

A global group of securities regulators on Thursday published new recommendations aimed at improving transparency and reliability in the voluntary carbon market (VCM), while also unveiling a partnership with the World Bank.

Defra data shows lower income for most farm types but small boost from payments for nature-friendly schemes

Income fell on almost all farm types in England last year, as extreme weather hit yields and the government cut subsidies.

Farmers fear future hits to their industry after a hugely unpopular change to agricultural property relief which means some farms will be saddled with a large, unexpected tax bill, and a surprise, severe cut to the EU-derived basic payments scheme meaning a shortfall in cash that they had not predicted.

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The Norwegian government is advocating clean cookstoves be included in the outcome statement of COP29, a side event at the Baku climate conference heard Thursday.

Gigantic multicoloured organism is visible from space and has grown for between 300 and 500 years

The world’s largest known coral, visible from space, has been discovered in the waters of the Solomon Islands.

With a circumference of 183 metres, the gigantic multicoloured organism is an intricate network of individual coral polyps that have grown for between 300 and 500 years.

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A Singapore-based tech firm is developing a framework for mass-producing corals and automating the farming process, considering generating carbon or biodiversity credits within two years, the company told Carbon Pulse.  

Ghana has mobilised $800 million by hosting carbon projects through Article 6.2 of the Paris Agreement, President Nana Akufo-Addo revealed at COP29, precipitating emissions cuts through bilateral agreements with primarily European buyer countries.

European carbon prices posted healthy gains on Thursday morning, tracking a substantial rise in natural gas as traders reacted to news headlines that added uncertainty to the supply outlook.

Latvia is failing to use its emission allowance funds cost-effectively, and available funding is not being used, according to a state audit released on Wednesday.

Social impact investor Nesst plans to distribute $6 million throughout next year towards smaller enterprises that support nature in the Amazon region, Carbon Pulse has learned.

South Korea is seeking to expand international partnerships on blue carbon and forestry projects, as part of its efforts to secure credits aligned with Article 6 of the Paris Agreement.

Trump could stop in its tracks US’s emergence as clean energy superpower and forfeit billions in investment

The United States’s blossoming emergence as a clean energy superpower could be stopped in its tracks by Donald Trump, further empowering Chinese leadership and forfeiting tens of billions of dollars of investment to other countries, according to a new report.

Trump’s promise to repeal major climate policies passed during Joe Biden’s presidency threatens to push $80bn of investment to other countries and cost the US up to $50bn in lost exports, the analysis found, surrendering ground to China and other emerging powers in the race to build electric cars, batteries, solar and wind energy for the world.

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