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A leading centre-right MEP has expressed doubts about postponing the new Emissions Trading System for heating and road transport fuels (ETS2), in a pushback against growing calls for delaying the new scheme to prevent a consumer backlash.

Morocco has delayed introducing a long-awaited carbon tax that was expected to be part of a $1.2 billion financing deal with the North African country, the International Monetary Fund (IMF) has revealed.

Scotland’s first minister says Grangemouth could become world leader in green fuels

There is a realistic chance that one of the UK’s largest oil refineries can be converted into a hub for green chemicals, sustainable fuels and plastics, according to Scotland’s first minister.

Grangemouth oil refinery, which is being shut down by its UK and Chinese owners PetroIneos this year with the loss of 400 jobs, could become a world leader in low carbon chemicals and green fuels, John Swinney told media on Wednesday.

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An investment manager specialising in Brazilian farmland restoration and a São Paulo-based agroforestry consultancy have merged to expand their nature-based solutions (NbS) and carbon trading offerings, local media reported Monday.

Biodiversity financing should be part of the EU security agenda due to the risks that nature loss poses to member states, experts said on Wednesday as the bloc launched plans to ramp up defence spending.

A Singapore-based consultancy and a Taiwanese natural asset management firm have teamed up to promote innovation in carbon asset development in the Southeast Asian region through advanced AI and remote sensing technology.

The UK government is looking at credible long-term options for injecting new, low-carbon life into the country’s oldest oil refinery, as part of a wider push to spur clean and renewable infrastructure development.

Increased cost of the fossil fuel has also cut forecasts of how much gas will be needed in Australia’s southern states

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High gas prices and a shift towards running homes and businesses on electricity has helped delay an expected gas shortage in Australia’s southern states until 2028, a government agency says.

A report by the Australian Energy Market Operator (Aemo) said the increased cost of the fossil fuel and trend towards electrification had combined with mild winters to reduce gas use.

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The European Commission unveiled its Steel and Metals Action Plan on Wednesday, aiming to protect steelmakers from unfair global competition while putting them on track to cut emissions down to net zero by 2050.

US-based tech giant Amazon has implemented a carbon crediting service to provide access to nature-based solutions and carbon removal (CDR) technology credits for qualified suppliers and companies, as the firm looks to support scaling the voluntary carbon market (VCM), a senior representative told Carbon Pulse exclusively ahead of the launch Wednesday.

European carbon prices surged to their highest in nearly three weeks on Wednesday morning as markets reacted to Russia's refusal to agree an unconditional ceasefire, and energy prices posted sharp gains as traders priced in a lower probability of pipeline gas supplies resuming in the near term.

Species conservation actions over the past few decades have proven effective in preventing wildlife extinctions, though greater efforts are required to achieve full recovery, according to a paper released this week.

The insurance sector must pull together to help the burgeoning CORSIA carbon market scale, a senior member of the World Bank's MIGA insurance arm told Carbon Pulse, in the wake of a guarantee agreement with a clean cooking project developer that will see fresh supply imminently made available to buyers.

A London-based think tank has urged the UK government to reform how nature is integrated into corporate strategies and public finances, warning that biodiversity loss will disrupt the national economy in the long term if not urgently addressed.

The International Maritime Organization (IMO) has taken the first steps towards a global strategy for digitalisation, building on the use of emerging technologies to spearhead efficiency, safety, and sustainability in shipping.

Thousands sign petition to save ‘vital’ Dartington Estate project that teaches agroforestry methods

Even at this time of year when most of the trees are still bare, there is a feeling of abundance in Martin Crawford’s forest garden, close to the banks of the River Dart in Devon.

Crawford, who has nurtured this landmark garden for three decades, is clearly in his element, pointing out the edible plants that flourish in the tangly two-acre patch, stooping from time to time to pick a leaf or green shoot and take a nibble.

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South Korea has launched a special council that allows the government and emissions-intensive industries to advance the research and development of climate solutions.

Global carbon advisory and project developer Pollination has unveiled a $10-million capital raise to fund for a reforestation project in Timor-Leste that it expects to see first credit issuance from within 12 months.

Despite a record 18% of Turkiye’s electricity coming from wind and solar in 2024, coal remained the dominant power source, making the country Europe’s largest coal-based electricity producer, a report released Wednesday has revealed.

Neoen, Australia's most successful battery storage developer, has encountered delays and added costs as it seeks to bring its latest big project online.

The post Too many cooks spoil the battery broth: Delays and added costs for landmark storage project appeared first on RenewEconomy.