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An England-based nature tech company announced on Thursday it has reached an agreement to acquire a South Africa-headquartered project developer, aiming to advance its ongoing work on nature credits.

Shell’s investment in green energy flatlined last year, despite strong voluntary carbon market activity, as its leadership spearheaded a refocus on fossil fuels, but the pivot failed to stop profits dropping amid falling oil prices, annual results confirmed Thursday.

Anticipating climate crises before they happen and pre-arranging finance for disaster response will lessen the economic impact and improve the ability to respond to the effects of climate change in a fair and equitable manner, experts have said.

Europe’s strategy of converting gas-fired power plants into hydrogen facilities is running behind schedule and risks acting as a front to continue investments in fossil infrastructure, a study by a global energy think tank has revealed.

Nala Earth has raised €3.8 million in seed funding towards its goal of helping to integrate nature risk into corporate decision-making and spur ecosystem restoration, bringing the total amount raised to €5.5 mln.

The UK does not plan to count international carbon credits toward its goal of cutting emissions by 81% between now and 2035 — although the country is keeping its options open, the government confirmed Thursday in its latest national commitment to the Paris Agreement.

A UK-based carbon removal developer has sold its first credits under a multi-year offtake agreement to a large European insurance firm, they announced Thursday.

Small island developing states (SIDS) in the Pacific and Caribbean are seeing an exodus of international financial institutions, while correspondent banking relationships (CBRs) granting local banks access to capital markets have also evaporated, posing challenges for the development of Article 6 projects in the region.

European carbon allowance prices surged for a third day, reaching a new 15-month high as EUAs tracked gains in TTF natural gas and German power, while UKAs climbed to a six-month high as buying activity gathered pace.

Norway’s rainforest protection initiative is preparing to launch a new phase of its satellite data programme later this year to strengthen monitoring of deforestation, forest degradation, and biodiversity in tropical forests, the government announced this week.

An AI-powered business intelligence unit launched on Thursday to help private organisations take action on nature, including exploring opportunities in the nascent biodiversity credit market.

A Zurich-based startup has raised $16 million in seed funding to scale its economically sustainable technology aimed at destroying per- and polyfluoroalkyl substances (PFAS) molecules from wastewater, the company announced Thursday.

A 500 MWh vanadium flow battery - the biggest in Australia - has been promised for the mining town of Kalgoorlie in a new state election pledge.

The post Biggest vanadium flow battery in Australia promised for ailing Kalgoorlie grid appeared first on RenewEconomy.

The Jakarta metropolitan region, accounting for nearly 5% of Indonesia’s emissions, is considering launching its own carbon pricing mechanism and achieve net zero status by 2050, according to documents from the Asian Development Bank (ADB).

Japan’s Nippon Steel said Thursday it will supply a form of lower carbon steel to Singapore’s Hupsteel, one of the largest wholesalers in the city-state, although Japanese environmental groups take issue with this particular type of carbon accounting.

Court of session says UK government go-ahead for Rosebank and Jackdaw permits does not take into account carbon emissions

The decision to greenlight a giant new oilfield off Shetland has been ruled unlawful by the courts in a major win for environmental campaigners.

The proposed Rosebank development – the UK’s biggest untapped oilfield – had been given the go-ahead in 2023 under the previous government.

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Global energy transition investment surpassed $2 trillion for the first time, led by China, which is investing at more than twice the rate of any other economy, according to a new report published Thursday.

New Zealand on Thursday announced its nationally determined contribution (NDC) for 2035, modestly deepening its emissions reductions goal while switching to a single-year target from a multi-year one in the current decade.

Protecting and restoring Southeast Asia's peat swamp forests and mangroves could reduce the region's land use carbon emissions by approximately 54%, despite these ecosystems covering only 5.4% of the region's land area, a study has found.

The European Commission will consider enhanced rock weathering (ERW) among other permanent removal techniques under the EU's Carbon Removals and Carbon Farming Certification (CRCF) Regulation.