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Brazil’s carbon sector is set to be most affected by the changes to the REDD+ project assessment methodologies by credit certifier Verra, according to new data analysis carried out by Carbon Pulse.

The Labour Party-led UK government, in power since July, will not defend against green groups’ legal challenges to the previous Conservative government’s oil and gas licences for two major new sites off the coast of Scotland, it announced on Thursday.

Government says it will not challenge reviews of approval given to controversial Jackdaw and Rosebank fields

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The future of two of the UK’s most controversial oil and gas projects has been thrown into doubt, after the energy secretary, Ed Miliband, withdrew government support for the companies in two legal cases brought by campaigners.

The Jackdaw oilfield, operated by Shell, was given approval in 2022, and Greenpeace applied for a judicial review shortly after the decision. Last year, the previous Conservative government gave the green light to Equinor-operated Rosebank, the UK’s biggest untapped oilfield, against the recommendation of climate advisers. Greenpeace and Uplift demanded a judicial review, arguing that the approval was incompatible with the UK’s legally binding climate commitments, and saying that ministers’ original analysis ignored the devastating impact of burning oil from the site.

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Campaigners hail Labour’s ‘proactive approach’ after series of policy U-turns under Conservatives

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The UK government is considering making further commitments on cutting greenhouse gas emissions, likely to be announced at the UN climate summit this year.

It is hoped the plan will help kickstart global ambitions on cutting emissions and encourage other countries to follow suit.

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European carbon prices slipped back to test a support level from the start of the week amid weaker natural gas prices, shrugging off the strongest auction in three weeks as EU-wide emissions continued to decline, while UK Allowances rose to a seven-week high.

A carbon ratings agency is to make its headline ratings available on a Latin America-based registry platform, aiming to increase engagement in emerging markets.

Half of the countries in the world have at least one type of freshwater ecosystem in a state of degradation, following impacts on lakes and mangroves, UN bodies said on Wednesday.

British power company Drax has agreed to pay £25m to a voluntary redress fund after the UK energy industry regulator found it had submitted inaccurate sustainability data on the sourcing of wood pellets for its biomass plant in north Yorkshire, it said Thursday.

European refiners have low expectations for e-fuels production by 2030 and are instead planning to develop advanced biofuels to meet EU climate goals, the sector’s trade association told Carbon Pulse in an interview.

A non-profit has reduced the potential size of a UK marine voluntary biodiversity credit project by approximately 89%, down from the 52,200 hectares initially considered, to ensure the initiative is as credible as possible, Carbon Pulse has learned.

Singapore's compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.

Australia will struggle to keep sustainable aviation fuel (SAF) it produces onshore without government procurement or mandates, a senate committee on the Future Made in Australia legislation heard Thursday.

South Korea is planning to set up a special fund worth 400 billion won ($300 mln) to encourage public and private investment in overseas projects promoting green transition and carbon reduction.

Greek authorities have started collecting hundreds of thousands of dead fish that poured into a tourist port in the central coastal city of Volos this week after being displaced from their usual freshwater habitats during flooding last year. 'It spans kilometres,' a city council member, Stelios Limnios, told Reuters. 'It’s not just along the coast, but also in the centre of the Pagasetic Gulf,' he said, referring to the waters off Volos, where the coast is lined with holiday homes. There have been warnings that the rotting fish could create an environmental disaster for other species in the area

• Greece tourist port flooded with hundreds of thousands of dead fish

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Climate tech investor HeavyFinance has partnered with an agribusiness firm to turn 300,000 hectares of agricultural land in Lithuania to regenerative farming practices, according to a press release.

An Australian carbon developer is seeing returns on its strategy, offering shareholders a special dividend three times higher than its standard one after delivering full year results to market Thursday.

A US-based blockchain company has partnered with a Colombia-based carbon registry to list tokenised credits on a digital library with the aim of bringing about a more efficient and transparent way to trade assets, the company announced.

When Australian leaders go to the main Pacific nations meeting, there’s a fossil fuel elephant in the room. Liam Moore, Lecturer in International Politics and Policy, James Cook University Licensed as Creative Commons – attribution, no derivatives.

Queensland government has flagged a more than 20 per cent rise in costs for the $5 billion CopperString - one of Australia's biggest energy grid expansions.

The post Cost of CopperString transmission line blows out by 20 per cent appeared first on RenewEconomy.

The Clean Energy Regulator (CER) has issued just under 650,000 Australian Carbon Credit Units (ACCUs) in its latest update, as the Australian side of the ASX futures contract for carbon credits remains largely nascent, one month since it was launched.