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A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation's role in the broader fight against climate change.

The Italian government’s close relationship with partly state-owned fossil fuel producer Eni complicates Italy’s plan to become carbon neutral by 2050 and threatens its reputation as a credible climate leader.

A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.

Officials finalise a new federal rule for drinking water - designed to protect people from toxic substances.

Simon Stiell calls for reform at development banks to enable governments to provide more climate finance to developing world

The World Bank must take a “quantum leap” to provide new finance to tackle the climate crisis or face “climate-driven economic catastrophe” that would bring all the world’s economies to a halt, the UN climate chief has said.

Simon Stiell warned that there were just two years left to draw up an international plan for the climate that would cut greenhouse gas emissions in line with the goal of limiting temperature rises to 1.5C above preindustrial levels.

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Two-thirds of the carbon credits generated by restoration projects and issued to date are associated with biodiversity-positive methodologies, though carbon standards following the UN Clean Development Mechanism (CDM) have failed to advance their nature requirements, a study has shown.

The most commonly used tools to measure corporate impacts on biodiversity require urgent updates as they do not align well with the Kunming-Montreal Global Biodiversity Framework (GBF), according to a study released this week.

The Malaysian federal government has agreed to integrate the state of Sarawak’s carbon trading bill as part of the federal law which will be presented before Parliament for approval, according to local media reports.

Carbon markets could support carbon capture and storage (CCS) work but hurdles remain, such as return on investment, buyer appetite, and incentivising the entire chain including transport, according to a report released this week.

Brussels has given Berlin the green light to provide €2.2 billion of support for decarbonising industrial production processes, saying it fits under the EU's framework for allowing state aid in times of temporary crisis and transition, the European Commission announced on Wednesday.

European carbon prices fell back after a strong opening as traders absorbed data showing that speculative investors had continued building bearish bets last week, shrugging off the biggest premium in a daily auction for two weeks, while energy markets snapped a four-day winning streak.

EPA takes action for first time in 27 years against ‘forever chemicals’ feared to be contaminating water for over 200 million

The US Environmental Protection Agency has set legally enforceable drinking water limits for a group of the most dangerous PFAS compounds, marking what public health advocates hailed as “historic” rules that will dramatically improve the safety of the nation’s water.

PFAS, known as “forever chemicals”, are ubiquitous in the environment and thought to be contaminating drinking water for over 200 million people across the US. Any exposure to some highly toxic varieties of the compounds is considered a health and cancer risk.

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The inclusion of shipping in the EU ETS is likely to impose €1 billion in costs for the Asian shipping industry, with Singapore bound to take on around a third of that, according to research published Wednesday.

Reduction in yields means UK will be dependent on imports for wheat in coming year and possibly beyond

Record-breaking rain in recent months has drastically reduced the amount of food produced in the UK, farming groups have said.

Livestock and crops have been affected as fields have been submerged since last autumn.

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Taiwan's biggest emitters are moving far too slowly on reducing their carbon emissions and shifting to renewable energy, risking imposing environmental costs to the tune of $20 billion on the economy while driving up electricity prices, according to a report released Wednesday.

The European Commission is planning to launch a public consultation on the EU’s 2040 climate target “in early 2025” with a view to putting a formal legislative proposal on the table the following year, a senior official has said.

A carbon accounting platform has unveiled a solution aimed at helping corporates in the metals and energy sectors disclose supply chain emissions for both compliance and voluntary purposes, including for the EU's Carbon Border Adjustment Mechanism (CBAM).

We talk to some of the country’s best battery brains and innovative thinkers on how the market for battery storage can and should evolve.

The post Webinar: How to make money out of battery storage appeared first on RenewEconomy.

A carbon credit standards body has issued the first batch of credits for a nature-based solutions (NbS) project based in Utah in the US, it announced on Tuesday.

Soil carbon industry practitioners and soil carbon scientists need to be more open to learn from each other in order to build knowledge and consensus in the sector, an expert who has worked in both camps told a webinar Wednesday.