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Andrew Mitchell, the development minister, said ‘clarifications’ would more accurately reflect spending

The UK is making a series of changes to definitions as a way to meet its target to spend £11.6bn over five years in the developing world to help combat the climate crisis, Andrew Mitchell, the development minister, has said.

Rich countries have long promised to provide finance – in the form of loans or cash – to help poor countries cut greenhouse gas emissions and cope with the impacts of the climate crisis. However, leaks in the summer showed UK ministers were warned they were massively off track to meet their targets and could only do so by raiding the aid budget.

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A Vancouver-headquartered carbon removal solutions provider and UK-based CO2 management technology firm announced Tuesday a partnership to eventually deploy large-scale carbon capture, utilisation, and storage (CCUS) projects globally.

India’s carbon market will likely cover just 15% of the nation’s greenhouse gas emissions by 2030, according to media reports.

Climate activist taken away by Met police after protesters denounce meeting of fossil fuel executives and ministers

Greta Thunberg was arrested after joining hundreds of protesters who gathered at a five-star hotel in London on Tuesday morning to denounce a meeting branded “the Oscars of oil”.

Footage showed the Swedish climate activist being bundled into the back of a van by police after taking part in protests blocking the entrances of the InterContinental Park Lane, the venue for the Energy Intelligence Forum (EIF), which brings together fossil fuel executives and government ministers.

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Oman plans to plant 100 million mangrove trees in order to generate $160 million in carbon credits, as the government increasingly recognises the economic benefits posed by environmental restoration and seeks to position itself as a global leader on international emissions trade.

Only four major economies are on track to meet what would have been their Paris Agreement goals under "fair share" criteria laid out by an international group, a report said this week.

European carbon declined for a second day on Tuesday amid further losses across the energy complex, with EUAs falling to their lowest in more than a week amid sustained selling pressure.

Environmental organisation IUCN has called for an increase in financing to stem species loss alongside releasing an action plan to address species decline, but provided little detail on the mechanisms needed to do so.

Zambia has established the eligibility criteria and the approval process for carbon projects under a strengthened guidelines for Article 6, providing a roadmap for the country's participation in international carbon markets that aims to give investors more clarity for development in the country.

A local joint venture between Italy’s Eni and BP based in Angola are trialling a new form of carbon capture and storage aboard their oil vessel.

South Korea is seeking to expand the number of market makers in its emissions trading scheme (ETS) in a bid to boost trading activity as the domestic carbon market has been stagnant due to lasting oversupply issues.

Australia could be a global giant in green steel manufacturing as it is now a behemoth in iron ore production, provided the government incentivises investment and business commits to a great focus on emissions, according to a paper released Tuesday.

Fridlock: IEA says 1,500 GW of new renewable energy projects are queued up waiting for a connection to the grid.

The post IEA says massive grid expansion needed to avoid gridlock in switch to green energy appeared first on RenewEconomy.

Global management consultancy Roland Berger on Tuesday announced it will work with a Swiss foundation to develop blockchain technology for a Voluntary Recycling Credit (VRC) that will be presented at COP28 in Dubai.

A South Korean project developer has teamed up with a government-backed research institute to promote a microbial technology that can alleviate tree droughts and help generate carbon credits.

The Australian government has committed A$25 million ($15.8 mln) to fund conservation work on privately held land, as the minister for environment on Tuesday laid out details on the consultation process for its environmental law reforms.

As the shipping sector faces an increased need to account for its carbon emissions, from inclusion in the EU ETS to new carbon indexation rules, ship owners are looking for innovative ways to cut CO2, with some returning to the traditional method of sail power to reduce fuel consumption.

Exclusive: Plans to plant 202 new trees and create ‘play village’ for children in salvaged city centre scheme

The more than 100 trees in the centre of Plymouth, whose overnight felling helped bring down the Conservative council, are to be replaced with almost double the number.

Council leaders are releasing plans to regenerate Armada Way in the city centre, planting 202 new trees and creating a large children’s play area the size of five tennis courts.

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Investment needs to double to more than $600bn a year by 2030 after ‘decade of stagnation’, says agency

Ministers have been urged to “open their eyes” to the need to build a vast network of new electricity grids to allow countries to hit climate goals, the chief of the world’s energy watchdog has said.

Fatih Birol, the executive director of the International Energy Agency (IEA), has warned that the equivalent of the entire global electricity grid – 80m km of grid – needs to be added or refurbished by 2040 to hit climate targets and ensure reliable power supplies.

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As the argument goes, we owe fossil fuels for supercharging development. But what if there was a viable alternative, sabotaged by fossil interests from its very inception?

The post If the first solar entrepreneur hadn’t been kidnapped, would coal have been king? appeared first on RenewEconomy.