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Head of Carbon Markets Institute says scrutiny has been "intense and at times personal", but was nothing compared to suffering of those on the frontlines of the climate crisis.

The post Carbon credits “are not the enemy,” says head of markets lobby appeared first on RenewEconomy.

The first REDD avoided deforestation sovereign credits available for international trade under the Article 6 mechanism of the Paris Agreement are to be offered by Suriname, a precedent that is expected to be widely followed by other rainforest nations around the world.

More than 60 projects receive £14.5m for habitat restoration for butterflies, bats and birds.

Financial organisations from across the globe have asked an international standard-setting body on disclosures to prioritise researching biodiversity.

The British Columbia government on Wednesday released a new draft offset protocol for carbon capture and sequestration (CCS) projects, with different time horizons for monitoring permanence depending on the type of technologies and geologies used.

Abrupt departure of BP CEO raises fears of another Big Oil giant turning its back on the green energy transition as it is pushed by investors to maximise profits.

The post BP boss departure raises fears another oil giant may turn its back on green transition appeared first on RenewEconomy.

A US-based startup that connects small farmers to the carbon market raised seed funding from a group of venture capitalists and angel investors, the company announced Wednesday.

Bills to mandate climate-related financial risk disclosure and prevent voluntary carbon offset greenwashing on Tuesday passed both houses of the California General Assembly, as the two pieces of legislation were amended to have slightly weaker enforcement capabilities before the final votes.

Series sponsored by organisations including coal and gas companies features ‘incorrect’ claims on ‘green gas’ and context missing on carbon capture technology

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In a double-page spread in News Corp Australia’s metropolitan newspapers on Monday, readers were told how families loved cooking with gas, how gas had been officially stamped as “green” by the European Union and how coal had a future thanks to carbon capture and storage.

The news articles, packed with industry talking points about the future of fossil fuels, were written around a picture of a smiling mum with her two young sons, one of them sitting cross-legged on a kitchen bench next to a gas stove.

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California this week kept a step ahead of offset issuance levels seen at the same time last year, with nearly two-thirds of their distribution holding direct-environmental benefits (DEBs) to the state, ARB data published Wednesday showed.

The Washington state Department of Ecology (ECY) on Wednesday published the list of entities registered to hold allowances and offsets in the state's WCI-modelled cap-and-invest programme, with the number of companies roughly 75% higher than entities that have qualified to bid in auctions.

Australia has almost 1.8 million farm dams – and some are home to threatened frog species Martino Malerba, ARC DECRA Fellow, Deakin University Don Driscoll, Professor in Terrestrial Ecology, Deakin University Jodi Rowley, Curator, Amphibian & Reptile Conservation Biology, Australian Museum, UNSW Sydney Nick Wright, Research scientist, Department of Primary Industries & Regional Development, The University of Western Australia Peter Macreadie, Professor of Marine Science & Founder/Director of Blue Carbon Lab, Deakin University Licensed as Creative Commons – attribution, no derivatives.

As the atmosphere warms, it can hold more moisture. This brings more intense downpours but also accelerates warming – because water vapour is a powerful greenhouse gas. Kevin Trenberth, Distinguished Scholar, NCAR; Affiliate Faculty, University of Auckland Licensed as Creative Commons – attribution, no derivatives.

Pursuing an ambitious 2040 emissions reduction target will improve the fairness of the EU’s global contribution to climate action but the bloc needs higher carbon prices today to prevent costly price spikes in the coming years, experts said during a dedicated event on Wednesday.

Labour’s move to oppose erosion of EU-derived laws welcomed by environmental groups

Ministers’ plans to weaken river pollution rules are in tatters after they suffered two defeats in the House of Lords.

Labour had made clear it would oppose the “reckless” plans by the Conservatives to rip up EU-derived laws on nutrient neutrality, which force developers to mitigate pollution from new developments.

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A public-private network for investors in forests and nature in its first annual report on Wednesday highlighted a number of case studies demonstrating successful strategies for scaling nature-based solutions (NBS). 

First complete ‘scientific health check’ shows most global systems beyond stable range in which modern civilisation emerged

Earth’s life support systems have been so damaged that the planet is “well outside of the safe operating space for humanity”, scientists have warned.

Their assessment found that six out of nine “planetary boundaries” had been broken because of human-caused pollution and destruction of the natural world. The planetary boundaries are the limits at which key global systems, such as climate, water and wildlife diversity, beyond which these systems’ ability to maintain a healthy planet is in serious peril.

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Oil firm should get out and argue the case for sticking to the transition timetable as Bernard Looney’s successor is sought

Bernard Looney, after four years talking about orderly transitions, has made a disorderly transition out of BP. Not being fully transparent with the board of directors – whether about past personal relationships with colleagues or anything else – usually has that outcome for a chief executive. On the company’s version of events, this was clearly a resigning matter.

The immediate question is succession. BP is the type of company that likes to promote from within and, with the 53-year-old Looney at the helm, the board probably thought it had a few more years to observe the internal jostling for position.

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The EU is "going to come back" to the topic of phasing out fossils during the year-end COP28 UN climate negotiations, an EU source said on Wednesday, suggesting that the bloc will try to fight for a global agreement despite continued resistance among key countries. 

REDD avoided deforestation carbon credit prices tumbled further on Wednesday, as corporate buyers continued to shun the market that is struggling to shake off hot air criticism and wait to see which units will be eligible for the ICVCM's integrity label.