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A Netherlands-based direct air capture (DAC) startup has raised €15.3 million in funding as it looks to scale the rollout of its patented technology, the company announced Tuesday.

The UK awarded contracts for a record 131 renewable energy projects on Tuesday, with price bids coming in well below the maximum set by the government in an auction that the industry welcomed as a sign of renewed investor confidence in the country.

Two blockchain platforms have integrated their technologies to offer a streamlined service for the lifecycle of voluntary carbon credits, from issuance to trading, they announced Tuesday.

Singapore-based marketplace PCX Markets has said it has prevented 100,000 tonnes of plastic waste from dispersing in nature through plastic credit issuance in the last four years.

A London-based carbon removal marketplace has secured exclusive access to the remaining credits available this year from a Bolivian biochar developer, the firms announced Tuesday.

The government of Sindh province in Pakistan is planning to generate tens of millions of voluntary carbon credits by planting trees along the Indus River in a massive reforestation initiative, an official told Carbon Pulse.

COP29 host nation Azerbaijan has launched a platform to help developing nations with their submission of climate progress reports.

The UK government is selling its first batch of statutory biodiversity credits under the biodiversity net gain (BNG) scheme to a developer for an estimated total of £35,120.

Exclusive: Cut would mean at least 239,000 fewer hectares of nature-friendly farmland, according to RSPB

The government is to slash the nature-friendly farming budget in England by £100m in order to help fill what ministers say is a £22bn Treasury shortfall, the Guardian can reveal.

Nature groups and farmers have called this a “big mistake”, saying it jeopardised the government’s legally binding targets to improve nature.

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An industrial technology developer using artificial intelligence (AI) to design and deploy new climate technologies has open-sourced an AI model, with its first product set to be a carbon removal technology, in the early stages of commercialisation.

Six new big battery projects named as winners of the federal government's first auction under the Capacity Investment Scheme.

The post Six new big battery projects emerge as winners of first capacity tender appeared first on RenewEconomy.

South Korea is planning to extend participation and curb permit surplus in its emissions trading system, as the government seeks to reverse the dynamics in the struggling market.

European carbon prices dropped to their lowest in four weeks on Tuesday morning as the weight of selling pressure continued to hang over the market, while an upward revision to France's expected nuclear generation this year and bearish Chinese economic data added to weakness in the energy complex.

GE Vernova has blamed its latest offshore blade failure on a giant 13 MW wind turbine on a combination of storm winds during the commissioning process.

The post GE Vernova blame latest giant turbine blade failure on storm appeared first on RenewEconomy.

Finnish carbon removal standard Puro.earth has seen its issuances approved to supply a multinational credit buyers' club, the firm announced Tuesday.

A Belgium-based company using carbon finance to incentivise farmers for sustainable practices has raised €15 million in a Series B fundraising round.

A major South Korean business lobby is urging the government to actively support decarbonisation of the domestic steel industry, as the implementation of the EU's Carbon Border Adjustment Mechanism (CBAM) could bring Korean steelmakers additional costs of 3 trillion won ($2.2 billion) over the next decade.

A provider of emissions data and compliance management solutions for the maritime industry has closed a €5 million Series A financing round, according to a press release.

Colombian standard Cercarbono expects to certify only a handful of biodiversity credit projects in 2025, hoping to have enough initiatives in its pipeline to test the standard during its first year.

Greenpeace urges Labour to ‘fulfil international obligations’ as critics question accuracy of official data

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The UK’s worst methane hotspots include the last coalmine, livestock farm clusters, landfills, power plants and North Sea oil and gas wells, according to an analysis.

The process has also thrown up serious doubts over the UK’s ability to calculate its methane emissions.

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