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The large BRICS emerging economies could reshape the international climate policy landscape, but expectations of this non-Western coalition should be “moderate” despite its recent embrace of carbon markets, according to experts speaking to Carbon Pulse.

A shift toward local manufacturing in clean technology could significantly drive up the cost of decarbonisation, with new research suggesting that deglobalisation may add 30% to the overall expense of transitioning to a low-carbon economy.

Widespread electrification with clean power will make or break decarbonisation in the UK and around the world — but it can’t happen without speedy, and hefty, investments in grid upgrades within the decade, experts said this week.

A Tallinn-headquartered carbon removal developer has partnered with Sweden’s largest digital forestry marketplace to help landowners generate revenue from carbon credits, it was announced this week.

Climate scientists caution, however, that even weakened currents would cause profound harm to humanity

Vital Atlantic Ocean currents are unlikely to completely collapse this century, according to a study, but scientists say a severe weakening remains probable and would still have disastrous impacts on billions of people.

The Atlantic meridional overturning circulation (Amoc) is a system of currents that plays a crucial role in the global climate. The climate crisis is weakening the complex system, but determining if and when it will collapse is difficult.

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The European Commission has proposed raising the threshold for importers of goods covered by the EU's Carbon Border Adjustment Mechanism (CBAM), bringing around €1.2 bln in savings while still covering over 99% of emissions, it announced on Wednesday.

Integrity, innovation, and incentives need to combine for the carbon market to evolve to meet its potential, one of the world’s largest project developers has urged.

It’s chaos as small jobs become big jobs, tools disappear and distractions lead to furious frustration. Then you spot spring’s first flower ...

There’s no such thing as gardener’s block, I once read. This from, I believe, a famous writer who was making the point that if you’ve got writer’s block, you should just go and do something else for a bit. Point taken. There is no such thing as gardener’s block because if you get stuck doing one job, even in the smallest garden, there are roughly 10m other jobs you can be cracking on with. Which is quite right. And this is what makes gardening either the worst thing for you if – like me – you have attention deficit hyperactivity disorder (ADHD), or possibly the best.

I stride into the garden full of purpose and ambition, with a smile on my face. Invariably, several hours later, I stagger out of there, aching all over, scratched, bloodied, filthy and demoralised, having dug, scraped, cursed and carried myself to physical and mental exhaustion. The clarity of purpose I have at the outset vanishes very quickly, along with my secateurs. In its place, as things that need doing proliferate around me like Japanese knotweed, there comes a confusion of purpose. Lots gets done a little bit, but nothing gets done properly. Nothing is finished. And it all looks a right bloody mess.

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The European Commission has announced plans to create an ‘Industrial Decarbonisation Bank’, aiming to mobilise €100 billion in the next 10 years to help energy-intensive industries meet their climate goals, with funding drawn partly from the EU’s Emissions Trading System (ETS).

Orsted has installed key components at two power stations as part of Denmark’s first full-scale carbon capture and storage (CCS) project, the Danish energy firm announced this week.

The European Commission wants to fast-track a proposal to delay two corporate reporting policies aimed at boosting environmental and climate transparency and accountability in the private sector, it announced on Wednesday as part of the Omnibus regulation.

The UK government published its National Biodiversity Strategy and Action Plan (NBSAP) on Wednesday, committing to achieving all the 23 targets of the Kunming-Montreal Global Biodiversity Framework (GBF).

A US-headquartered developer of nature-based carbon removal projects has completed the first issuance and sale of improved forest management (IFM) credits, in a series of deals valued at $2.2 million.

The shipping industry should become more proactive in its management of EU ETS compliance, as the sector faces an increasing compliance obligation with prices forecast to rise, and start hedging EU Allowances, according to a carbon and environmental products trader.

Australia’s forest sector is missing a key opportunity to contribute to the nation’s carbon market, with less than 1% of the country’s vast forest estate currently eligible to participate, according to a new study.

Closing the climate finance gap will depend on the implementation of holistic national carbon pricing strategies that integrate economic, social, and political factors, according to a report released this week.

BP is to drastically reduce investment in the energy transition in a major pivot back to fossil fuels, the company announced Wednesday.

First pumped hydro project win for a long duration storage tender in Australia, along with another two eight-hour batteries in landmark result that sees falling prices.

The post Prices fall as first pumped hydro and two eight hour battery projects win landmark storage tender appeared first on RenewEconomy.

European carbon prices were little changed at midday after earlier slipping to a new year-to-date low as the market was assailed by bouts of selling pressure inspired by natural gas volatility, while weekly Commitment of Traders data showed speculative traders cut their net long position by more than 14% last week.

Two more utilities reported a significant drop in EU ETS-covered electricity generation in 2024, in annual results published this week.