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US will be the least affected of most major economies by the EU’s Carbon Border Adjustment Mechanism (CBAM) and some its exports may even benefit from it, according to an analysis by a US-based non-profit organisation.

The electricity sector has joined forces with EU industries to simultaneously boost Europe's decarbonisation and competitiveness, with an official ceremony taking place on Thursday.

The Global Carbon Council (GCC) launched Thursday its wide-ranging carbon capture and storage (CCS) methodology after completing a consultation process that started in November.

The ethics adviser to Norway’s sovereign wealth fund has engaged with mining giant Rio Tinto about the impact of a Brazilian organisation on deforestation.

Residential rooftop solar installations have soared across the EU since 2022, outpacing many governments' policies and readiness, according to a report released on Thursday.

Malaysia is designing a carbon crediting system specifically for its forestry sector that it hopes to release before the country’s national steering committee in the second quarter of this year, the government body responsible for the mechanism said.

Six organisations have published an open letter to the Voluntary Carbon Markets Integrity Initiative (VCMI), urging it to refrain from allowing companies to use voluntary carbon credits to address Scope 3 emissions.

The sixth ministerial meeting of the EU-US Trade and Technology Council (TTC) takes place on Thursday and Friday in the university town of Leuven in Belgium, with cooperation on green technologies and raw materials high on the agenda.

First production recorded at what will be the biggest wind farm in South Australia, as concrete foundations also complete.

The post Generation starts at what will be South Australia’s biggest wind farm appeared first on RenewEconomy.

Power generation from EU fossil plants fell to even lower levels in the first three months of 2024 than seen last year, data showed, as EUA market participants mulled the impact of an extended collapse in demand for permits from the sector.

A project to reduce enteric methane emissions in Brazil through administering feed additive to cows should enter its pilot phase next month, led by a Santander-backed climate consultancy turned developer, which is also moving into the REDD+ voluntary carbon market.

The Scottish government is consulting on whether to legislate incentivising nature restoration on private land through financial support and advice.

Africa's critical minerals mining boom could wipe out more than one-third of the continent's ape population, with short-term offset plans failing to compensate for negative impacts, researchers have found.

European carbon prices showed little reaction on Thursday morning to the publication last night of verified emissions data for 2023, despite a larger-than-predicted drop, with prices garnering support from a firmer TTF gas market, and a modest reduction in investment funds' short positioning also failing to trigger a definite price reaction.

The US Environmental Protection Agency (EPA) on Thursday announced the allocation of $20 billion in grants from the $27-bln Greenhouse Gas Reduction Fund (GGRF) to mobilise private investment in clean energy and other climate action, with the funding awarded to eight initiatives selected from two nationwide competitions.

Japan has issued a call for business proposals under the Joint Crediting Mechanism (JCM) with a total budget of 12.8 billion yen ($84.37 mln) for projects starting from this year, as the government aims to boost the supply of carbon credits under the bilateral framework.

Matt Kean quits Coalition-based charity that once supported renewables but is now totally obsessed with nuclear, a switch that coincided with involvement of Trevor St Baker.

The post “No feasible pathway:” Kean quits Coalition-based charity because of its obsession with nuclear appeared first on RenewEconomy.

Governments across region grappling for response as temperatures soar to unseasonable highs

Thousands of schools in the Philippines have stopped in-person classes due to unbearable heat. In Indonesia, prolonged dry weather has caused rice prices to soar. In Thailand’s waters, temperatures are so high that scientists fear coral could be destroyed.

A “historic heatwave” is being experienced across south-east Asia, according to Maximiliano Herrera, a climatologist and weather historian. In updates posted on X, he said heat that was unprecedented for early April had been recorded at monitoring stations across the region this week, including in Minbu, in central Myanmar, where 44C was recorded – the first time in south-east Asia’s climatic history that such high temperatures had been reached so early in the month. In Hat Yai, in Thailand’s far south, 40.2 C was reached, an all-time record, while Yên Châu in north-west Vietnam hit 40.6C, unprecedented for this time of year.

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Lending to meat, dairy and feed corporations led to ‘significant proportion’ of banks’ emissions, Friends of the Earth found

American banks are “sabotaging” their own climate commitments by financing meat, dairy and feed corporations, according to a report.

The report analysed funding from 58 US banks to animal protein and feed companies in the form of loans and underwriting, such as share and bond issuance guarantees.

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The co-founder of a voluntary carbon market ratings agency has stepped down from their role at the firm to focus on other tools to fight climate change.