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Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the fortnight ending Aug. 18, which saw state actors make increasingly hands-on interventions in the domestic and regional voluntary carbon market (VCM).

A global insurance broker and risk advisor has announced the launch of a new insurance solution for the transport and storage of CO2.

The Colombian ministry of environment has announced an agreement with the Indigenous Peoples of the Amazon to value their contribution and strengthen their participation in conserving and restoring the rainforest in the lead-up to the COP16 UN biodiversity talks.

European carbon prices advanced on Monday morning as demand from coal-fired generation was said to be picking up amid a shift in relative margins from gas to coal for some delivery periods, while energy prices also firmed as gas traders continued to fret over storage levels that are now below 2023 levels.

A Seattle-headquartered forestry firm will issue 100,000 improved forest management (IFM) carbon credits in 2024, according to the company’s Q2 results.

A carbon ratings agency has partnered with a bank to “bring transparency to carbon markets in the UAE”, the two companies said on Monday.

A direct air capture and storage (DACS) project has launched in France, boasting high energy efficiency and representing the first onshore CO2 removal project of its kind in the EU, the developers claim.

Shanghai Electric’s latest alkaline electrolyser will help to improve the economics of green hydrogen by being more energy efficient, boasting a higher production rate, an executive told Carbon Pulse.

An interactive entertainment company has purchased the first batch of biodiversity credits generated through a nature restoration project in the UK at approximately £50 per unit, Carbon Pulse has learned.

A group of six organisations, including Japanese shipping firm  Mitsui OSK Lines (MOL), have come together to launch a feasibility study on the production and use of biomethane from animal manure in order to fuel the country’s factories and vessels, a statement released Monday said.

A Qatar-based organisation has launched a new platform to host the auctioning of Internationally Transferred Mitigation Outcomes (ITMOs), it said Monday.

A group of investors have announced a partnership focused on the certification and management of rainforest in the Democratic Republic of Congo, in collaboration with the government, with plans to launch a carbon credit investment bank, they said Monday.

Increasing amounts of technology means Australian schools are consuming energy at an ever-increasing rate. Rob Bruer, the co-founder and CEO of Solar Schools, outlines a case for installing solar and batteries in every school.

The post SwitchedOn Podcast: Why solar and batteries should be installed in every school appeared first on RenewEconomy.

Gusts of up to 62mph made waters around islands unsafe; and Hurricane Ernesto passed over Bermuda

Hundreds of people were evacuated as flash flooding struck homes and holiday lets in the Balearic Islands last week, with many parts receiving about 100mm of rain within 24 hours.

Heavy downpours and severe thunderstorms hit the islands on Wednesday and Thursday, bringing hail and strong winds. The local authorities told people not to leave their homes on Wednesday, when the weather was at its worst. The town of Sóller, on Mallorca, received the highest 24-hour total of 114mm, but 68mm of this fell within just one hour, with 19mm falling in 10 minutes.

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Lightsource BP secures finance for its 168MW Kōwhai Park solar project planned for construction at the Christchurch Airport.

The post New Zealand’s biggest solar farm secures finance to go ahead at Christchurch Airport appeared first on RenewEconomy.

Windlab CEO says fossil fuel driven wedge politics is one of biggest issues holding back Australia's shift to renewables.

The post “Gas Trojan horse:” Coalition nuclear push slammed as fossil wedge aimed at renewables appeared first on RenewEconomy.

While tourists flock to the Italian island in greater numbers, a water crisis is intensifying for its rural population

For the first time in four generations of his family’s farming history, Vito Amantia’s threshers have lain silent this year. The 650,000kg of wheat that his farm would usually produce in a year has been lost, parched and withered under the scorching sun and relentless drought.

“A seasoned farmer doesn’t need to check the weather forecast to understand what the weather will be like,” says Amantia, 68, who farms on the Catania plain in eastern Sicily. “Already last January, I knew it would be a disastrous year. The wheat seedlings that normally reached 80cm stopped at 5cm. Then they dried up.”

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BNEF says Australia needs to spend $2.4 trillion out to 2050 to achieve net zero. But the spending is not that much different from business as usual.

The post BNEF says $2.4 trillion needed for Australia’s net zero target, but window to safe climate closing fast appeared first on RenewEconomy.

CEFC provides another $160m to help customers get lower cost loans to install rooftop PV, home batteries and do efficiency upgrades.

The post CEFC provides another $160m to support lower cost loans for rooftop PV, batteries and efficiency appeared first on RenewEconomy.

Ecuador’s subcommittee in charge of advising on environmental reforms for the national legislature voted Saturday to explicitly permit carbon trading, bringing the country one crucial step closer to endorsement after over 15 years of repudiation.