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Traders are debating the merits of engaging with the nascent CORSIA Phase 1 (2024-26) voluntary carbon market, weighing promises of inexpensive regulatory compliance against large uncertainties, according to experts on a webinar Tuesday.

The renowned scientist won the Nobel Prize for Physics in 2013.

The volume of allowances on offer inched up for the second RGGI auction of 2024, with a conspicuous zero balance in the scheme’s Cost Containment Reserve (CCR) that was exhausted at the Q1 sale, a notice showed Tuesday.

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"We are not made to sit in a rocking chair and knit," said one of the older Swiss women who won.

The pressure to bridge the gap between conventional and clean fuel for the shipping sector is shifting to EU member states, a panel at the European Parliament heard on Tuesday, while key industry stakeholders also stressed the need to reserve climate solutions for hard-to-abate sectors like maritime and aviation.

Work by the Integrity Council for Voluntary Carbon Markets (ICVCM) to label credits with the Core Carbon Principles (CCP) stamp will only go so far in determining the quality of supply, as project-level assessments will still be required to help buyers identify good projects, say market stakeholders.

A draft outline of the EU’s next “strategic agenda” for 2024-2029, seen by Carbon Pulse, puts defence and security at the top of the EU’s political priorities, while climate policy is refocused on strengthening the bloc's industrial and strategic independence.

French data company CDC Biodiversite will this week launch a free version of its biodiversity footprinting tool Global Biodiversity Score (GBS) with limited features.

The Portuguese Ministry of Environment and Climate Action has established a technical committee to evaluate carbon methodologies and the performance of the voluntary carbon market (VCM), according to a decree published Monday in the Official Gazette.

The Office of the Ombudsman in Colombia has issued an official notice about several sectors, including REDD+ voluntary carbon projects, warning of the risk of violations of Indigenous and local community rights, as well as extortion by illegal armed groups.

Growing compliance demand driven by the Safeguard Mechanism and corporates looking to meet ESG requirements is creating a ‘positive narrative’ on carbon pricing and carbon markets in Australia, although ongoing risks and challenges remain, according to a report published Wednesday.

A carbon removals developer has secured 26 million Norwegian krone (£1.9 mln) in funding to study the feasibility of building a direct air capture and storage plant in Norway, it announced on Tuesday.

A UK-France biodiversity credits panel has published a more detailed version of its call for views on biodiversity credits, as the initiative prepares to launch an Indigenous-focused consultation.

A UN agency and a Brazilian NGO on Tuesday announced a new initiative to promote payment for environmental services (PES) for deforestation-free supply chains, focusing on the Atlantic Forest biome in Brazil – a region critically endangered by deforestation activities.

Switzerland’s failure to reduce greenhouse gas emissions violates its obligations under the European Convention on Human Rights (ECHR), the Strasbourg's Grand Chamber ruled on Tuesday in a landmark decision.

Deforestation in Colombia's Amazon region is expected to climb again this year, as the first quarter of 2024 showed a 40% surge compared to the same period in 2023, the minister of environment said on Monday.

Biggest grants go to Fortescue for a green iron project, and Curtin University to pursue a technology that could export hydrogen as a powder.

The post ARENA boosts funding and names winners for green hydrogen, iron and steel projects appeared first on RenewEconomy.

Court finds in favour of group of older Swiss women who claimed weak policies put them at greater risk of death from heatwaves

Weak government climate policies violate fundamental human rights, the European court of human rights has ruled.

In a landmark decision on one of three major climate cases, the first such rulings by an international court, the ECHR raised judicial pressure on governments to stop filling the atmosphere with gases that make extreme weather more violent.

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European Parliament members on Tuesday recommended that the EU make a concerted withdrawal from the Energy Charter Treaty (ECT), an international trade agreement, which they accuse of contradicting the Paris Agreement's goal to limit global warming to 1.5C.