Feed aggregator

Australia and Turkey are both lobbying to host Cop31, the world's annual United Nations climate change negotiations planned for 2026. The climate change minister, Chris Bowen, said Australia wants to co-host Cop31 'in partnership with our Pacific family'. Bowen also announced a $50m contribution to loss and damage caused by the climate crisis.

• Paris agreement is working, Australian minister tells Cop29, but much deeper cuts needed by 2035

• Chris Bowen makes last-minute diplomatic stop in Turkey as Australia ramps up bid to host Cop31

Continue reading...

Fresh Article 6 draft negotiating texts were published late on Tuesday with the Azerbaijan COP29 presidency looking to speed through a carbon markets outcome in Baku, as parties edged closer to consensus on the thorny registries issue.

Forest offset project experts last week asked the Washington Department of Ecology (ECY) to prioritise streamlining its reforestation protocol, as it is already economically unfeasible.

A US-based startup dedicated to environmental market infrastructure on Tuesday announced the closure of its offset trading exchange amid the downturn in the voluntary carbon market.

The federal government has pushed through EPBC approval for a Victoria solar and big battery project in Victoria in just 20 days.

The post Victoria solar farm and battery project gets federal approval in just 20 days appeared first on RenewEconomy.

Zefiro Methane Corp. announced on Monday that its subsidiary Plants & Goodwin (P&G) has completed the company’s inaugural gas well remediation project in Oklahoma.

Australia's likely first offshore wind project has cut its turbine numbers as the machines get bigger, but has also raised the blade gap to the ocean floor to protect birds.

The post Australia’s leading offshore wind project slashes turbine numbers and lifts blade gap to protect sea birds appeared first on RenewEconomy.

Renewables growth from 2015-2025 is on track to cut Australia’s electricity sector emissions by nearly 40% in a decade, equivalent to emissions from all the nation’s cars, commercial vehicles and planes.

The post “Quiet revolution:” Wind and solar slash electricity emissions by 40 pct in just 10 years appeared first on RenewEconomy.

Chicago company Laconic Infrastructure Partners plans to issue $1 billion worth of securities next year on Bolivia’s forestry plans, and if the idea catches on, it could undermine the edifice building around Article 6 trade as well as the voluntary carbon market.

A Colombian carbon standard has become the first organisation to sign up to a new software tool from S&P Global, which has been designed to integrate the various carbon registries and standards in one place.

A set of protocols being designed to help US land and forest owners gain access to the voluntary carbon market won’t reach a draft form before the end of President Joe Biden’s term, putting their fate in the hands of the incoming Republican administration.

Poor country delegates say classifications that date back to 1992 are obsolete and two countries ‘should be contributing’

China and India should no longer be treated as developing countries in the same way as some of the poorest African nations are, according to a growing number of poor country delegates at the Cop29 UN climate talks.

China should take on some additional responsibility for providing financial help to the poorest and most vulnerable, several delegates told the Guardian. India should not be eligible for receiving financial help as it has no trouble attracting investment, some said.

Continue reading...

The plethora of biodiversity crediting standards that have emerged over the past couple of years will be narrowed down to just a few once the market takes off – whenever that may be.

Europe is falling far behind on its renewable hydrogen targets, with just 4% of announced projects under construction and production far from the 2030 goal, according to an industry report released on Tuesday.

Countries with domestic carbon pricing efforts emphasised the specific policy design mechanisms needed to minimise pass-through costs to end consumers, government officials told an event on the sidelines of COP29.

Exclusive: Leaders warn cost savings will lead to mass redundancies and that spaces could become ‘paper parks’

England’s national parks face a 12% real-terms cut to their budget which would lead to mass redundancies of wardens and the closure of visitor centres and other facilities, park leaders have warned.

The chief executives told the Guardian that soon the spaces would become “paper parks” designated by a “brown sign on the motorway” and they will have to “turn the lights off, close the doors and put up closed signs” if the cuts go ahead.

Continue reading...

The EU needs coordinated policy to finance emissions reductions to 2030, integrating potential climate risks in order to avoid losses and disruptions stemming from a 'run on brown' scenario, the European Central Bank (ECB) and the European Supervisory Authorities (ESAs) warned on Tuesday.

The decision on whether to host COP31 in Turkiye or Australia has reached an "impasse", according to observers, as both countries continue to promote themselves as prospective hosts for the 2026 annual UN climate summit.

The US Department of Agriculture (USDA) will provide $7.7 billion for its various conservation programmes in the 2025 fiscal year, the country's agriculture secretary said Tuesday at COP29, expressing confidence that such initiatives will continue with the upcoming change of presidential administration.

A Zambian climate bill up for public consultation this month, publicised on Monday, lists several layers of government approval and fees for carbon trading but does not elaborate on its high-level principles for environmental integrity.