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Shipping companies will now be able open their holding accounts for EUAs, which they have been waiting for to start hedging and meeting their EU ETS requirements, following the publication of a legal act by the European Commission on Wednesday.

Order to leave 4% of land fallow to encourage biodiversity waived for year in light of flooding, drought and heatwaves

Farmers protesting across Europe have won their first concession from Brussels, with the EU announcing a delay in rules that would have forced them to set aside land to encourage biodiversity and soil health.

The European Commission vice-president, Maroš Šefčovič, described Wednesday’s decision, which is expected to be rubber-stamped by member states within 15 days, as “a helping hand” for the sector at a difficult time.

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A UK Labour government would work to emulate green deal policies in the US and EU to unlock private low-carbon investments in areas such as grid connectivity, housing, and infrastructure, the opposition party’s shadow climate change minister said on Wednesday.

Business leader says investment in low-carbon economy is ‘absolute minimum’, a view echoed by other experts

• What is Labour’s £28bn green plan – and could it be shelved?

Labour’s proposed investment of £28bn a year in the low-carbon economy is an absolute minimum, a leading business figure has said, adding that without green investment on that scale the UK will face steep decline as a result of crumbling infrastructure and stagnating industry.

Jürgen Maier, the former UK head of Siemens, the German industrial giant and major investor, said massive investment was needed to rebuild the UK economy and make it fit for the future, and that it should concentrate on low-carbon energy, transport and industry.

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European carbon prices were modestly firmer at midday on Wednesday as the market tested higher technical levels amid an early squeeze, before falling back as weekly position data showed very little change in investment funds' positioning after prices had moved just 0.1% over last week.

As a Carbon Partnerships Associate at Nori, you will be a key member of Nori’s sales team and part of the driving force behind Nori’s journey to becoming the world’s leading ClimateTech business. Reporting into the VP of Sales & Business Development, you will be responsible for all stages of the sales funnel from prospecting, to leading pitches, to complex contract negotiations.

A benchmark pricing company has struck a deal to display carbon credit ratings on its platform with a view to creating ‘price baskets’ for carbon projects.

When Rakel took over the last farm in her Norwegian village, she was not only taking responsibility for a flock of accident-prone woolly animals, but also a way of life at a crossroads. This was a chance to follow in the footsteps of her much-loved father, and live the way she had always dreamed, alongside her wife. A flock of sheep comes with a flock of problems, so the saying goes. With the help of community and family, can Rakel succeed?

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The Nigerian government has underlined its commitment to reducing emissions through the establishment of a carbon market, its minister of environment said at an event in the country.

Indonesia has brought in more regulations governing carbon capture and storage (CCS) work as it sees the tech as an integral plank in its plans to meet its Nationally Determined Contributions and meet its net zero by 2060 commitment.

A historic legal victory in Oslo has boosted our campaign against the Rosebank field and other British drilling projects

• Tessa Khan is executive director of climate action organisation Uplift

There has been a dramatic change in how oil drilling rights are approved on one side of the invisible line that divides the North Sea between the UK and Norway.

On the Norwegian side, after a groundbreaking decision by the Oslo district court on 18 January, the government must now take into account the emissions that come from the burning of oil and gas reserves in addition to the impact of getting the reserves out of the ground, before they approve a new field. The legal win, which applies for the first time the reasoning of a separate case in the Norwegian Supreme Court, was a result of Greenpeace Norway and Young Friends of the Earth Norway challenging the approval of three new oil and gas fields by the government. They argued the government had not been properly vetted for climate harm. The court agreed.

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Exclusive: Report proposes action to reduce overall demand rather than simply increasing ‘green’ production

The global extraction of raw materials is expected to increase by 60% by 2060, with calamitous consequences for the climate and the environment, according an unpublished UN analysis seen by the Guardian.

Natural resource extraction has soared by almost 400% since 1970 due to industrialisation, urbanisation and population growth, according to a presentation of the five-yearly UN Global Resource Outlook made to EU ministers last week.

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The Coalition of Rainforest Nations (CfRN) has stepped up its campaign to promote UN-approved sovereign credits from REDD+ forestry protection, launching a new report guiding how they could be used towards meeting national climate targets under the Paris Agreement.

The Australian government is helping to keep the nation’s steelmaking industry alive with A$200 million ($131.45 mln) in grants to two of the country’s three remaining steel mills, while also hoping to reduce carbon emissions.

Record low coal and gas generation pushed wholesale electricity prices lower in the last quarter of 2023, as every region of the country notched up new solar output records.

The post Greening grid muscles out fossil fuels, pushes down power prices appeared first on RenewEconomy.

Construction of Edfiy Energy's Townsville green hydrogen on track to begin in 2025 with new funding boost.

The post Queensland solar and battery backed hydrogen hub wins major federal funding boost appeared first on RenewEconomy.

December was a bumper month for new connection approvals for wind, solar and storage, but they are still not getting on to the grid quickly enough.

The post December was bumper month for wind, solar and battery approvals, but still not fast enough appeared first on RenewEconomy.

A Massachusetts-based non-profit dedicated to marine research will receive a donation of $25 million to support ocean-based climate solutions that can help strengthen the operations of the emerging blue carbon market.

The first critical industrial funding via the PRF shows how hard greening steel will be.

The post Steel companies get $200m federal grant to cut emissions appeared first on RenewEconomy.

Analysis finds difference between greenhouse gas emissions the automakers declared and the researchers’ estimates averaged 27%

Some of the world’s biggest automakers are still “grossly under-reporting” greenhouse gas emissions, according to a new report, despite improvements in their estimates.

The research, undertaken by consultancy firms Carbon Tracker and Nomisma, was released on Wednesday and found car manufacturers ranked among the world’s highest carbon producers and needed to improve the way they declared their environmental impacts.

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