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A Vietnamese forestry and biodiversity company has partnered with a German carbon offset developer for implementing a project that will see trees planted across 1 million hectares of land in Vietnam.

European carbon allowances traded in their narrowest range in nearly five months on Tuesday morning as the market tracked developments in gas, where prices weakened on news that an outage in the North Sea may be resolved quicker than had been expected.

The Paris Olympics is purchasing credits from a variety of carbon projects in the local region and abroad to offset its residual emissions, while striving to halve emissions compared to previous Games to reach a total of around 1.5 million tonnes of CO2 emissions.

“Good projects” have been caught up in the controversy about the voluntary carbon market exposed by the Guardian, acknowledged one of the journalists who wrote the stories, adding that editors at the UK-based newspaper were committed to write about “good examples” when they emerge.

A Dutch investment manager has launched a fund seeking to finance innovative solutions to tackle the biodiversity crisis, with seed capital of €12 million, Carbon Pulse has learned.

Government-led mandatory schemes and voluntary market-based instruments must be combined to effectively protect biodiversity, a study published Tuesday said, calling on countries to harness the private sector's growing interest in engaging on nature positive.

UK financial institutions nearly tripled their investment in clean energy project between 2022 and 2023 to $2.3 billion, although gaps in commitments and transparency persist, according to a report published this week.

Voluntary carbon markets require a paradigm shift that moves beyond treating a tonne of carbon as an ultimate end and must embrace finance for adopting a transitional approach, the ex-CEO of Verra said in a report published Tuesday.

Malawi's finance ministry has said that the country is ready to ramp up investment in carbon markets days after finalising key legislation, according to local media reports.

Exclusive: Defra issues new cull licences despite government adviser saying there is ‘no justification’

Badger cull licences have been issued by the government despite its own scientific adviser saying there is “no justification” for doing so.

Leaked documents seen by the Guardian show the Department for Environment, Food and Rural Affairs this month issued 17 new licences to continue culling badgers, overruling Dr Peter Brotherton, the director of science at Natural England, the government’s adviser for the natural environment in England.

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Analysis released this week has found Australian Indigenous peoples hold legal right or consent to develop carbon projects along 66% of Australia’s coastline, but are unable to do so due to a lack of applicable methods.

Chang'e-6 will bring home rock samples that could help scientists study how planets are formed.

Metis Energy breaks ground on construction of 111MW Gunsynd solar project in southern Queensland, kicking off its big plans for Australia.

The post Singapore firm kicks off Australian plans by breaking ground on new Gunsynd solar project appeared first on RenewEconomy.

New Zealand carbon allowances climbed 10% in Tuesday trade amid continued speculator demand and as the market digests what little there was for it in last week's budget.

The Australian government is looking at its Guarantee of Origin scheme (GO) as a potential demand-side driver of green metals development in the country alongside a raft of other measures, according to a consultation paper released Tuesday.

IEA report finds that if countries included existing energy policies in their new climate pledges they would reflect 70% of what's needed to reach the 2030 tripling renewables goal.

The post World on track to triple renewables based on government policies, but not according to climate pledges appeared first on RenewEconomy.

Barnaby Joyce has a new company to boycott, with Octopus Australia unveiling plans to build a massive 1GW wind farm in south-west New South Wales.

The post Octopus adds 1GW wind farm to its massive renewable and storage plans in NSW appeared first on RenewEconomy.

Analysis of policies of nearly 150 countries shows shortfall to hit target viewed as vital for transition from fossil fuels

The world is off track to meet the goal of tripling renewable electricity generation by 2030, a target viewed as vital to enable a swift global transition away from fossil fuels, but there are promising signs that the pace of progress may be picking up.

Countries agreed last December on a tripling of renewable power by the end of this decade. But few have yet taken concrete steps to meet this requirement and on current policies and trends global renewable generation capacity would only roughly double in developed countries, and slightly more than double globally by 2030, according to an analysis by the International Energy Agency.

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Figures show breaches have rarely led to prosecution by Drinking Water Inspectorate since 2021

The drinking water regulator for England and Wales has brought only three prosecutions against water companies for providing poor quality water since 2021, despite 362 instances in which water was flagged as being unfit for human consumption.

Periodically, members of the public or companies have informed the Drinking Water Inspectorate about water that has not been not safe for human consumption. In those instances, the DWI can issue legal instruments that require companies to put in place a package of measures.

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Rio Tinto to invest $215 million in development facility in Australia to assess a new ironmaking process using biomass called BioIron.

The post Mining giant Rio Tinto to build “green iron” facility that uses biomass to cut emissions appeared first on RenewEconomy.