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EU-based banks and companies - such as TotalEnergies, Shell, RWE, and Eni - are involved in more than 100 of the world's biggest 'carbon bomb' fossil fuel extraction projects that could tip the world into unstoppable warming, NGOs said in a report on Tuesday that urged legislators to avert this by setting binding climate goals for companies in ongoing EU legislation. 

William says ‘hope does remain’ at event rewarding innovative solutions to climate emergency

Scientists who developed a cleaner and more sustainable way to make batteries for electric cars were among the winners of this year’s Prince of Wales’s £1m Earthshot prizes.

The awards, announced at a ceremony in Singapore on Tuesday, are aimed at rewarding innovative solutions to tackle the climate and biodiversity emergencies.

PA Media contributed to this report.

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A European agtech firm has expanded its network of soil carbon removals projects further afield to now include projects across Africa, it said on Tuesday, aiming to have 200,000 hectares of African territory under its programme by the end of the year.

Europe's Euclid telescope begins its quest to map the cosmos and reveal its missing components.

European carbon prices rallied on Tuesday morning after setting a new one-year low, as technical buying wiped out early losses and traders focused on Wednesday's weekly Commitment of Traders report amid expectations the recent price decline will have encouraged a further build in speculative short positions.

The UK’s two-year-old “world-leading” environmental legislation has not affected deforestation rates due to a lack of follow-up action by the government, according to analysis conducted by NGOs and published on Tuesday. 

The world’s 60 largest food companies reduced their risks from biodiversity and deforestation by 6% over the last year, a report by investor network FAIRR has found.

Members of the European Parliament's environment committee resoundingly agreed climate action should be accelerated in all sectors to meet the Paris Agreement goals and called for and end to fossil fuel subsidies by latest 2025, in a vote on their demands for the COP28 UN climate conference on Tuesday.

Countries must immediately start building capacity for Article 6 readiness, carbon market participants have warned, citing a general lack of understanding among governments about the Paris Agreement's international emissions trading rules, the risks of overselling mitigation outcomes, and the dangers of allowing nations to revoke the authorisation of carbon transfers across borders.

Xpansiv CBL has removed the Kariba and Kasigau REDD projects from its list of pre-screened projects, the carbon credit marketplace said in a note early on Tuesday, meaning that credits from these projects are no longer deliverable under its N-GEO nature-based standardised spot contract.

Australia on Tuesday released a discussion paper on how to reduce carbon emissions from agriculture and land use, the first of six sectors for which it intends to draw up detailed strategies to put its overall GHG output in line with its Paris commitments.

The biggest business group in Japan has demanded the government makes major changes to the Joint Crediting Mechanism (JCM), including involving more partner countries and project types, increasing project co-funding, and making it easier and more attractive for private companies to participate.

Exclusive: Nitrogen dioxide limits and approval tests practically unchanged from current rules under Euro 7 proposals

The EU is poised to water down a landmark piece of car pollution legislation after extensive lobbying from the automotive industry, which experts say will cause an estimated €100bn in health and environmental costs.

Analysis provided by the Consortium for Ultra-low Vehicle Emissions (Clove) exclusively to the Guardian and Voxeurop shows that half of the projected financial savings from the new Euro 7 standards on car emissions will be lost due to damage caused by excess nitrogen dioxide. This toxic gas is the main contaminant released by combustion engines, especially diesel ones, and was responsible for 49,000 premature deaths in the EU and 5,750 in the UK in just one year.

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NGOs report allegations of abuse and harassment at Kasigau Corridor conservation project in southern Kenya over 12 years

Male staff at a leading Kenyan carbon-offsetting project used by Netflix, Shell and other large companies have been accused of extensive sexual abuse and harassment over more than a decade, following an investigation by two NGOs.

The Kasigau Corridor conservation project in southern Kenya, operated by the California-based firm Wildlife Works, generates carbon credits by protecting dryland forests at risk of being destroyed in key elephant, lion and wildlife habitats west of Mombasa. The scheme was the first ever forest protection scheme approved by Verra, the world’s leading certifier of carbon offsets, and has also been accredited for its biodiversity and community benefits, probably generating millions of dollars in revenue in carbon-credit sales.

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Consumer groups issue formal notice to European Commission over ‘greenwashing’ claims that bottles are ‘100% recyclable’ or ‘100% recycled’

Big drinks companies are misleading customers with claims that their plastic water bottles are fully recycled or recyclable, according to consumer groups who have issued a formal complaint to the European Commission.

The Bureau Européen des Unions de Consommateurs (BEUC) said claims that water bottles from brands owned by Coca-Cola, Danone and Nestlé are “100% recyclable” or “100% recycled” are misleading because recycling rates are far lower in practice and bottles contain items that cannot be made from recycled material. The consumer rights group, which represents national groups across Europe, also said green imagery on bottles gave the “false idea” of environmental neutrality.

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The gas industry was told by science in the 1970s that gas stoves were harmful to health, so it reached into the tobacco industry's playbook of denial.

The post Gas industry reached for tobacco playbook after science showed that gas stoves are harmful appeared first on RenewEconomy.

Brookfield gets a boost as it tries to fend off attempts by fossil fuel investor Australian Super to derail its $20 billion offer and transition play for Origin Energy.

The post Boost for Brookfield as it fends off fossil fuel investor seeking to derail Origin bid appeared first on RenewEconomy.

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Bluefloat rescinds environmental application for its Illawarra offshore wind project after Bowen says he was blindsided by the news, and as the campaign against the technology gets really weird.

The post Bowen blindsided by Bluefloat as offshore wind debate gets really weird appeared first on RenewEconomy.

GHG output under the California cap-and-trade programme declined in 2022, falling year-on-year in every sub-sector, according to data published Monday, with annual emissions slipping below trader expectations.