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Germany investigating claims that one quarter of so-called upstream emission reduction projects from oil industry are fake.

The post Germany suspects “serious environmental crime” from fake Big Oil carbon offset projects appeared first on RenewEconomy.

The cost of a carbon allowance in Quebec’s carbon market is too low to limit global temperature increase to 2C, a government advisory committee said in a report published Wednesday, as they called for revisions to the province’s cap-and-trade programme to encourage further emissions reductions and increase the cost of carbon.

Modelling shows a shift to electric trucks is the better, faster option for cutting transport emissions under most plausible scenarios in Australia’s energy transition. Hussein Dia, Professor of Future Urban Mobility, Swinburne University of Technology Dorsa Alipour, PhD Candidate, Swinburne University of Technology Hadi Ghaderi, Associate Professor in Logistics and Supply Chain Management, Swinburne University of Technology Licensed as Creative Commons – attribution, no derivatives.

Drone footage released by the Grenadian prime minister's office showed widespread destruction on the island of Carriacou after Hurricane Beryl struck. After his visit to Carriacou, Grenada's prime minister, Dickon Mitchell, described the aftermath of the category 4 storm as 'Armageddon-like'. Mitchell said about 98% of the buildings were either damaged or demolished, and the electrical grid and communication systems were almost entirely obliterated

• Hurricane Beryl hits Jamaica after leaving ‘Armageddon-like’ trail in Grenada

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American Airlines will prioritise sustainable aviation fuel (SAF) to fulfill its obligations under UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) but also expects to use carbon offsets, according to its 2023 sustainability report, while the Financial Times (FT) reported Wednesday that British Airways will raise its prices to cover the cost of reducing its CO2 emissions.

A voluntary carbon trading platform has delayed its sale to July 16 of 1.5 million Internationally Transferred Mitigation Outcomes (ITMOs) at a minimum of $10 each generated by clean cooking projects in Malawi, according to a Wednesday press release.

An unprecedented storm has caused devastation. Caribbean states need support

The islands that have been hardest hit by Hurricane Beryl will take years to recover. Nine out of 10 homes on Union, which is part of St Vincent and the Grenadines in the eastern Caribbean, were damaged or destroyed on Monday. On Carriacou, which is part of Grenada, hardly any buildings were left unscathed. On Tuesday, the Grenadian prime minister, Dickon Mitchell, described the situation as “almost Armageddon-like”.

The course taken by Beryl meant that Jamaica, which is home to nearly 3 million people, did not receive its full force as had been feared. But houses and roads were flooded, and a woman was killed, taking the overall death toll to at least 10. Barbados and other islands were also damaged.

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An influential business group in Ukraine has outlined its proposals for how best to roll out an ETS in the country, requesting a slower implementation to help affected sectors ready for eventual linkage with the EU market, and demanding that work on a domestic CBAM begins next year.

REPowerEU revenue has fallen more than €300 million behind the EU’s target after the first a year of sales under the initiative, raising the prospect that even more EUAs will need to be sold into the market to raise the €20 billion in funding that has been promised from the bloc’s carbon market to pay for the switch away from Russian energy supplies.

Aggregate open interest across all European carbon futures contracts has risen significantly above 2023 and 2022 levels, driven largely by strong liquidity on the front-December and August contracts, as analysts point to a recovery in utility hedging, the shift in compliance deadline to September, and hedge fund interest.

Danish toy maker Lego Group is putting pressure on its suppliers to cut emissions in the next two years, as part of its efforts to reach net zero emissions by 2050. 

Carbon finance can accelerate the adoption of cleaner cooking with LPG in developing countries, with a number of credit-generating projects underway, though infrastructure rollout remains a core challenge, say experts.

The Finance for Biodiversity Foundation (FfB) launched the second edition of its nature target-setting framework for asset managers and owners on Wednesday with three target types.

A French nature tech startup has secured undisclosed funding from the European Space Agency (ESA) to develop a biodiversity monitoring tool for potential use in nature-related disclosures and the biodiversity credit market, Carbon Pulse has learned.

Restoring key EU rivers can help achieve 10% of the bloc's biodiversity targets under the Nature Restoration Law while strengthening countries' resilience to the climate crisis, a new report has shown.

Biodiversity credits worth over $14 million in total across two projects could be sold within the next three months to multiple-buyer groups, according to the head of credit developer RePlanet.

EUAs were once again little changed at midday, after prices see-sawed in a well-defined range amid periodic attempts to move lower, while energy markets diverged due to differing fundamental influences, and the UKA market took a pause as the country voted in a general election.

Study that researchers say highlights chemicals’ ubiquity also shows PFAS association with seafood and red meat

New research aimed at identifying foods that contain higher levels of PFAS found people who eat more white rice, coffee, eggs and seafood typically showed more of the toxic chemicals in their plasma and breast milk.

The study checked samples from 3,000 pregnant mothers, and is among the first research to suggest coffee and white rice may be contaminated at higher rates than other foods. It also identified an association between red meat consumption and levels of PFOS, one of the most common and dangerous PFAS compounds.

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A white-tailed eagle that broke its wing has taken to the skies after its parents nursed it back to health.

A white-tailed eagle that broke its wing has taken to the skies after its parents nursed it back to health.