Feed aggregator

Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the carbon intensity of Britain’s electricity exports to Europe.

Swiss banks have the necessary tools to hit net zero emissions by 2050, but the fear of losing competitiveness is holding them back, according to a study that raises doubts about the effectiveness of voluntary commitments from banks worldwide.  

Village joins continental network alongside nearby Knepp estate, as birds previously extinct in Britain flourish

The Saxons knew the West Sussex village of Storrington as Estorchestone, the “abode of the storks”.

But the graceful white birds disappeared from its skies more than 600 years ago, when they became extinct in Britain.

Continue reading...

The world’s largest alliance of net zero-committed banks is considering rolling back its mitigation target to just above 2C, from 1.5C at present, a former member said at an event in New York on Monday.

While emissions from the buildings sector have stopped rising for the first time since 2020, a $1.1 trillion investment gap could derail global objectives to decarbonise the sector, according to a report released Monday.

By eliminating the $7 trillion worth of subsidies granted for fossil fuels worldwide, governments can significantly boost their economic welfare and cut global CO2 emissions by about a third, according to a study published on Monday.

Governments and organisations at a global forum in Barbados last week committed more than $900 million to expand energy access and support the clean energy transition across Africa, Asia, and Latin America.

European carbon allowance prices began the week on a quiet note, with trade volume and volatility somewhat diminished compared to recent weeks, as the looming March options contract expiry continued to draw prices nearer to key strike price levels.

Forest fires in Nepal could potentially release more than 495 million tonnes of carbon into the atmosphere whilst endangering critical biodiversity hotspots as climate change makes the Himalayan nation more susceptible to blazes, according to researchers.

A global irrigation company is expanding into Turkiye by partnering with a US-based carbon credit company to launch a crediting initiative for farmers, it announced on Monday.

A public-private cohort in Italy is leading an initiative to advance the restoration of the country's largest wetland, with biodiversity credits among the tools being explored to mobilise financing.

An infrastructure investment fund has pledged $100 million to a digital asset security investment platform to scale financing towards conservation in the Amazon.

In a globalised voluntary carbon market with standards, developers, and validation and verification bodies often based in the Global North, Brazilian entities moved last week to ‘indigenise’ carbon markets – bringing them under the control of local peoples and the federal government.

Demand for off-site biodiversity net gain (BNG) units in England may have reached around 7,700 units last year, a report has suggested.

The largest co-located solar and battery storage project ever to be installed in the UK has reached financial close with record debt finance.

Steel used in construction, such as reinforcement bars, is fundamentally different from the high-quality flat steel needed in the automotive industry, which rules out a one-size-fits-all approach to CO2 labelling, environmentalists say.

Two companies headquartered in Singapore have launched a carbon neutrality fund that will invest in international carbon credit assets compliant with Article 6 of the Paris Agreement, they announced Monday.

Australia will need to update its Nationally Determined Contribution and set an emissions reduction target above 60% while also better managing the Safeguard Mechanism if it hopes to reach net zero by 2050, according to a Melbourne-based think tank.

A group of carbon and renewable developers are partnering to establish a direct air capture (DAC) park in Texas that is expected to have the capacity to capture 500,000 tonnes of CO2 per year, according to a Monday announcement.

A Tokyo-headquartered carbon project developer backed by one of Japan's leading gas suppliers has secured fresh funds from domestic investors, it announced Monday.