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After years of negotiations, a key climate fund for developing nations is poised to become a reality during the upcoming COP29 summit in November, but looming technical and political decisions will determine the fund’s ultimate scope, participants said at a panel event Wednesday.

Early players in the biodiversity market disagree over the role of additionality, with some saying it should be "dead and buried", while others see it as a fundamental principle to attract funding.

California regulator ARB’s issuance of compliance-eligible offsets once again fell below the previous two-week period, extending the ongoing trend of lower issuances relative to the year-to-date (YTD) total in 2023, agency data released Wednesday showed.

The Secretariat of the ART carbon credit standard has accepted a concept note for an Indigenous Jurisdictional REDD (J-REDD) programme from Peru’s environment ministry at a ceremony during Climate Week NYC on Wednesday.

Market administrator WCI Inc. will serve as the registry, auction, and financial services platform for the upcoming New York cap-and-invest (NYCI) programme, regulators announced Wednesday during Climate Week NYC.

The top EU and US climate negotiators both signalled their strong desire to finalise negotiations on Article 6 at the UN climate talks in Azerbaijan this year, they said at Climate Week NYC on Wednesday.

Experts told the US Coast Guard on Wednesday there were safety problems with Titan's hull.

Rapidly falling costs of solar and batteries have underpinned record investment in renewables, but the pace of investment is still short of the COP28 target of tripling global capacity by 2030.

The post Falling solar and battery costs drive record renewable investment, but pace still short of COP28 target appeared first on RenewEconomy.

Leading electricity network is looking at a sun tax and "solar soak" tariffs as it prepares for a surge in the uptake of EVs, electrification of homes and roller-coaster demand.

The post “Not business-as-usual:” Network mulls sun tax and “solar soaks” to cope with EVs and electric homes appeared first on RenewEconomy.

Two companies have so far made claims for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative's code for offset use - but more are expected in the coming months, and even more once the new Scope 3 claim is finalised, the initiative's executive director told Carbon Pulse on Wednesday.

Work has begun on a 364 metre "high altitude" wind turbine, using a four-legged lattice structure to tap into higher wind speeds.

The post Construction begins on world’s tallest wind turbine in German lignite region appeared first on RenewEconomy.

The rapid shift in our electricity system calls for a huge increase in the workforce needed to construct, operate and maintain it. Urgent action on building up this workforce is needed. Jay Rutovitz, Research Director, Institute for Sustainable Futures, University of Technology Sydney Chris Briggs, Research Director, Institute for Sustainable Futures, University of Technology Sydney Elianor Gerrard, Senior Research Consultant, Institute for Sustainable Futures, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.

Voluntary carbon market project developers' margins are too thin to also pay for insurance - and the responsibility for insuring projects ultimately lies with the buyer, according to speakers at Climate Week NYC.

A capacity-building programme for African carbon markets has considered a credit price floor but does not currently have an official ask, Carbon Pulse heard on Wednesday during Climate Week NYC.

A startup specialising in enhanced rock weathering (ERW) technology on Wednesday announced a renewed partnership with a large buyer of CO2 removal credits.

Earth is about to get a second moon for a couple of months, but it won't be visible for most people.

The UK is making a push for the next jurisdictional REDD (J-REDD) deal arranged through the LEAF Coalition to be with another Brazilian state, a British official said Wednesday at Climate Week NYC.

Major international companies including Google have joined a new initiative aimed at boosting the use of carbon-free power across the world, in a bid to revolutionise electricity procurement and reduce emissions.

A specialist standard for growing hemp has sold a batch of credits to a Swedish blockchain carbon removal platform for tokenisation, marking a new partnership between the two companies.

A Paris-based financier will fully fund the first phase of a large blue carbon project in Mozambique and in return sell the credits generated.