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The term 'net zero' is a fraud that has allowed fossil fuel emissions to keep rising faster, as carbon credits earn money for bankers but do little to protect the environment, the head of a multinational company said on Tuesday.

Voluntary carbon registry Gold Standard has published additional information on the next steps for project developers and verification and validation bodies (VVBs) as part of a transition period for its assurance management processes.

Indonesia’s Just Energy Transition Partnership (JETP) secured $60 million on Tuesday to fund a 92 MW solar power project, signalling that despite the US exit earlier this year, the partnership that aims to help the Southeast Asian country reach net zero emissions by 2060 is alive and kicking.

An African nature accelerator has relaunched, aiming to help raise millions of dollars in a second cohort with a different focus following obstacles in the biodiversity credit market.

Pricey power is the biggest obstacle to the UK’s decarbonisation, standing in the way of a faster shift to heat pumps, electric vehicles, and the wider rise of electrification, energy experts said on Tuesday.

Former PM claims net zero policies losing public support and says there should be greater focus on carbon capture

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Tony Blair has warned that any strategy based on phasing out fossil fuels in the short term or limiting consumption is doomed to fail.

Calling for a reset of action on climate change, the former prime minister suggested the UK government should focus less on renewables and more on technological solutions such as carbon capture.

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A satellite launched Tuesday under a European programme is the first to map global forest biomass and carbon in 3D from space.

BP has reported a year-on-year drop in profits in the first quarter after a slide in oil and gas prices, increasing pressure on the board to redirect the energy company's strategy back to the energy transition.

Russia’s Sakhalin climate imitative has entered its implementation phase with the first carbon unit transaction, the country’s carbon registry announced this week.

European carbon allowances rallied just before midday on Tuesday, clawing back some of a second day's decline as natural gas prices continued to crumble under the weight of healthy LNG supply and news that German was mulling relaxing its national storage mandate.

The recently added members of the BRICS bloc are building over 10 times as much coal, oil, and gas capacity as wind and utility-scale solar, according to a report released Tuesday, which found that Chinese finance and construction majors are still backing new fossil projects in these nations.

China has laid out this year's policy priorities for regional governments to speed up the construction of spot power markets, according to a government notice published Tuesday, its latest bid to accelerate power system reforms seen vital for its carbon price to be effective.

Three natural disasters in 2023 and 2024 will add $51m to Queenslanders' electricity bills over the next two years. Future rises might be bigger.

The post Queensland electricity users hit with $51m in natural disaster costs appeared first on RenewEconomy.

Paris supports an EU 2040 climate target divided into three sub-objectives – the first on gross emissions reductions to continue on the current path, and two related to carbon removals from natural and engineered solutions, a French official has said.

Neoen has released the artist's impression of what the Bondo wind farm - one of four proposed for the state's softwood forests - might look like for residents of Tumut.

The post First layout and view released of forest-based wind farm located near Snowy appeared first on RenewEconomy.

The path to a global carbon pricing system is fraught with challenges, from market fragmentation to leakage issues, but by fostering regional cooperation and utilising Article 6, countries can bring together disparate mechanisms to make meaningful progress towards Paris Agreement targets, researchers said Tuesday.

It is difficult for buyers to find projects that meet both carbon integrity and sustainable development criteria, new data shared and analysed by Carbon Pulse has found.

A British climate action platform has unveiled a carbon project assessment framework aimed at raising the bar for transparency in the voluntary carbon sector, which is endorsed by four of the major ratings agencies in the market.

A Sydney-headquartered nature-based asset manager has invested in a Laotian agroforestry firm with a Verra-registered carbon project as it expands its Southeast Asia footprint after a successful, multi-million dollar raising several years ago.

Large project developer and consultancy South Pole has formally joined a new initiative aimed at standardising data across carbon markets.