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The European Commission is preparing to put forward its legislative proposal for a 2040 climate target “very early” in 2025, an official has said, suggesting the EU could be ready to submit its Nationally Determined Contribution (NDC) in time for the UN's February deadline. 

The European Commission is moving to postpone its regulation against deforestation by one year, in an attempt to please international partners who repeatedly expressed worries about the impacts of the law on supply chains, it announced on Wednesday.

Zimbabwe plans to soon boost its carbon market by opening the door to international trade of ITMO credits under Article 6 of the Paris Agreement.

An expected supply squeeze in Australia’s carbon credit market is set to create challenges for gas producers in its westernmost state whose major LNG ambitions have few options for meeting Safeguard Mechanism requirements beyond buying offsets or investing in CCS, according to a report released Wednesday.

Flaws in baseline assumptions and inadequate long-term monitoring could lead to overestimated carbon credits under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, previously known as the Carbon Removal Certification Framework, according to new research.

Global forest investor and management firm New Forests is preparing to expand its biodiversity credit baselining work in Sub-Saharan Africa, according to an company executive.

Expectations of a low-emission hydrogen boom by the end of the decade could be dashed because a “significant part of the project pipeline” faces delays and cancellations, warns the International Energy Agency (IEA).

EU carbon prices endured a fourth day of losses as buying activity was little in evidence amid weakness across the energy complex, while weekly position data showed investment funds cutting their bearish bets by around a third, and UK Allowances extended their decline for an eighth day.

Existing gaps in compensation for lost or downgraded protected areas (PAs) threaten to hamper the achievement of global biodiversity targets, according to a recent paper.

A US-based biotechnology and genetic engineering firm has secured $50 million to launch a foundation with the aim of driving innovation in species protection, it announced Tuesday.

A South Korea-based project developer and a chemical company have teamed up to pursue an N2O project in Egypt in a bid to generate Article 6 carbon credits from reducing emissions associated with nitric production.

Energy Insiders – a RenewEconomy Podcast · Even hydro is moving beyond baseload Retiring Hydro Tasmania CEO Ian Brooksbank reflects on the changing nature of grids, the role of hydro, Battery of the Nation and building wind farms in the right place. Plus: Shutting down coal. Pylon is a proud sponsor of Energy Insiders Evergen […]

The post Energy Insiders Podcast: Even hydro is moving beyond baseload appeared first on RenewEconomy.

Due to be unveiled within 100 days after the new European Commission takes office, the Clean Industrial Deal will focus on five key priorities, and put energy-intensive industries like steel and chemicals in the spotlight, a senior EU official has said.

Australian solar innovator says first order for solar cladding shows the value the market is starting to place on energy efficient smart building solutions.

The post “Pivotal moment” for ClearVue as it lands first order for solar cladding on iconic Perth building appeared first on RenewEconomy.

Verra's review of the Southern Cardamom REDD+ (SCRP) project that led to its suspension being lifted relied heavily on the findings and claims made by its proponent, raising questions about its independence and presenting structural issues in the standard's environmental and social requirements, according to the human rights group that investigated the activity.

Australian companies are likely to ensure their climate-related reporting is as rigorous as possible as a way to stand out from their competitors, with the new requirements to act as a tailwind for carbon and renewable energy certificate markets, an executive at a market infrastructure provider told Carbon Pulse.

Perth-based Altech Batteries switches on prototype sodium-chloride solid state battery in Germany.

The post Perth company successfully switches on solid state battery using table salt appeared first on RenewEconomy.

California regulator ARB slipped a second 15-day package late into the night Tuesday with updates to its Low Carbon Fuel Standard (LCFS) that included an additional feedstock under the contentious crop-based cap, sustainability attestation, and stretched crediting periods for some avoided biomethane projects, among other changes.

One of South Korea's biggest refiners is seeking to commercialise a new membrane technology, as it seeks to tap into the international carbon capture, utilisation, and storage (CCUS) market.

The Austrian capital has been spared the worst of recent flooding. Its experience could be a lesson in how to tackle the climate crisis

Floods are seemingly unavoidable these days. Florida, North Carolina, Nigeria, Tunisia, Mexico, India, Nepal, Vietnam, Poland and Austria are among the places that have experienced flooding in the last month. Those floods should no longer come as much of a surprise. Climate change leads to more frequent and intense rain almost everywhere on the planet, and most infrastructure, from roads and bridges to canals and hydroelectric dams, is simply not built to withstand such extremes.

That’s where Vienna stands out. The floods that have deluged central Europe over the past two weeks caused plenty of disruptions in Lower Austria, including to a newly built train station meant to connect the burgeoning suburbs to the city. But aside from some disruption to Vienna’s otherwise well-functioning subway system, Viennese homes were largely spared. Why? It’s not because Vienna sits on higher ground than the surrounding areas (by and large it does not). The reason the city escaped the worst of the floods is because of human engineering and political foresight dating back to the 1960s, which emerged in response to earlier floods that devastated parts of the city.

Gernot Wagner is a climate economist at Columbia Business School. He is a member of the scientific advisory board of the Wiener Klimarat, Vienna’s climate council

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