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France's newly launched biodiversity credit scheme is unlikely to scale unless the EU takes actions to incentivise corporate voluntary purchases across the bloc, consultancy CDC Biodiversite told Carbon Pulse.

The Council of EU member states on Wednesday approved a proposal to delay the bloc’s controversial anti-deforestation law by one year but did not endorse the European Parliament’s proposed amendments, triggering angry reactions from conservative lawmakers who called the move “irresponsible”.

Power-hungry data centres in Europe will need more electricity to feed their expanding memory banks and artificial intelligence functions over the rest of the decade than the growing fleet of electric vehicles, according to new analysis.

The UK could become a global hub for carbon market startups, building on the £790 million the sector has already raised — if the British government gets behind to boost the voluntary carbon market's growth, according to a report published on Wednesday.

With hopes of a breakthrough on Article 6 remaining high as COP29 races towards its conclusion, data from first-moving countries and projects reveals a market poised to make full use of Article 6 carbon trading once market dynamics are fully operationalised.

OECD complaint alleges top firm has increased investments in companies implicated in environmental devastation

BlackRock, the world’s biggest asset management company, faces a complaint at the Organization for Economic Co-operation and Development (OECD) for allegedly contributing to environmental and human rights abuses around the world through its investments in agribusiness.

Friends of the Earth US and the Articulation of Indigenous Peoples of Brazil accuse BlackRock of increasing investments in companies that have been implicated in the devastation of the Amazon and other major forests despite warnings that this is destabilising the global climate, damaging ecosystems and violating the rights of traditional communities.

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Chris Uhlmann says power costs are soaring while renewables are falling short, but do the pair have anything in common?

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What is “The Real Cost of Net Zero” asked political journalist Chris Uhlmann this week, after weeks of trailing his new documentary on Sky News Australia.

Uhlmann is no fan of Australia’s shift to renewables, and in a preview published in the Australian said politicians and governments “pushing ambitious renewables targets” were “breathtakingly, stunningly energy illiterate.”

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Graham Readfearn is Guardian Australia’s environment and climate correspondent

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Article 6.2 or CORSIA-eligible carbon credits are currently trading in the $7-22 range, with prices expected to peak in 2027 and stabilise by 2030, according to a market specialist speaking to Carbon Pulse on the sidelines of COP29.

The deputy prime minister addressed the controversy over Labour's plan to extend inheritance tax to some farms after hundreds of people attended a rally outside Downing Street a day before. The Conservative party's Alex Burghart, the shadow Cabinet Office minister, told Rayner he had spoken to farmers across the country who were outraged. Rayner responded by insisting the government was 'absolutely committed' to British farmers and had added £5bn to the farming budget

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• Starmer denies mounting class war as farmers claim they have been ‘betrayed’

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Early intervention can mitigate half of risks in forest investments, but stakeholders must look beyond carbon credits and address broader challenges like land rights, community engagement, and governance, according to a new report.

European industries are grappling with significant technological, financial, and regulatory hurdles as they work towards net zero emissions, according to a new report.

EU carbon allowances gradually edged higher on Wednesday as weekly positioning data showed investment funds held their first net long position in 15 months, while gas prices rallied modestly after profit taking had dropped prices on Tuesday.

There is an increasingly strong likelihood that the US will implement a carbon border adjustment mechanism (CBAM), but such a policy would likely come with challenges on the international level, according to experts speaking at COP29.

Some 25 countries, as well as the EU, have urged the rest of the world to stop new unabated coal investment for use in energy systems.

A group of 68 global NGOs, business coalitions, companies, and Indigenous Peoples organisations has called for COP29 parties to recognise nature’s role in addressing the climate crisis within negotiations on the New Collective Quantified Goal (NCQG).

Azerbaijan’s COP29 presidency has urged ministers to speed up their negotiations on the new global climate finance goal and next steps for cutting greenhouse gas emissions, as major sticking points persist in the final days of the summit.

The government-backed UK Nature Impact Fund remains optimistic about its future, with an associated accelerator programme hoping to announce new funding, following the withdrawal of partner investment manager Federated Hermes.

Researchers found no difference in the diversity of species in urban meadows compared with those in rural settings

Small patches of wildflowers sown in cities can be a good substitute for a natural meadow, according to a study which showed butterflies, bees and hoverflies like them just as much.

Councils are increasingly making space for wildflower meadows in cities in a bid to tackle insect decline, but their role in helping pollinating insects was unclear. Researchers working in the Polish city of Warsaw wanted to find out if these efforts were producing good results.

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The Global Green Growth Institute (GGGI) has signed an agreement with Uzbekistan at COP29 in Baku, to promote carbon markets and support the implementation of Article 6 under the Paris Agreement.

Scheme has collected a fraction of the waste it set out to handle and is struggling with broken machinery and poor finances

• Five firms in plastic pollution alliance ‘made 1,000 times more waste than they saved’

The Alliance to End Plastic Waste (AEPW) makes high-profile claims about the projects around the world it supports in the pursuit of clearing up plastic waste leaching into the environment.

It works with partner organisations in developing countries to support community initiatives to collect and recycle plastic waste.

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