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The European Commission aims to present draft legislation at the end of June to formalise certification methodologies for measuring CO2 sequestration from permanent carbon removals (CDR) – including one potentially dedicated to biochar, Carbon Pulse has learned.

A European biomethane producer has selected a carbon crediting platform to certify its carbon removal (CDR) credits for its bioenergy with carbon capture and storage (BECCS) projects, the companies announced on Wednesday.

Central banks should address the impacts of biodiversity loss alongside climate-related factors in monetary policy, as nature degradation has the potential to affect price stability in the long term, according to a policy brief released this week.

A carbon finance company specialising in de-risking forward carbon credit investments is shutting down, blaming the “broken” voluntary carbon market.

A shortage of green financing is curtailing Indonesia’s plan to decarbonise its manufacturing sector, which accounts for 28% of the country’s total emissions, according to research published Wednesday.

Poorer countries want rapid emission cuts and more financial help in face of US leader’s stance on global heating

Developing countries are calling on the rich world to defy the US president, Donald Trump, and bridge the global chasm over climate action, before the goal of limiting global temperatures to safe levels is irretrievably lost.

Diplomats from the developing world are rallying to support Brazil, which will host a crucial climate summit in November, after last year’s talks in Azerbaijan ended in disappointment and acrimony.

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An English consultancy with a newly launched biodiversity net gain (BNG) broker service has announced a soil testing partnership to back up nature claims.

European carbon prices extended their decline in Wednesday morning, falling for the sixth time in seven days and reaching a five-week low, even as Europe's benchmark natural gas market posted a modest rally, and after weekly positioning data showed investment funds cut their net long positions for the first time in eight weeks as of Feb. 14.

A Switzerland-based carbon insurance startup announced it has teamed up with a German climate tech firm to provide in-kind insurance for its carbon credit projects.

Climeworks has signed two new agreements with a tech giant and alcohol distillery to remove over 6,000 tonnes of CO2 combined, the Swiss carbon removal (CDR) provider announced on Wednesday.

Multilateral carbon pricing schemes can be more effective in tackling carbon leakage and ensuring fair trade than unilateral measures — but they need to be phased in slowly, starting with common standards for pricing and reporting, according to an expert at the World Economic Forum (WEF).

The UN Environment Programme Finance Initiative (UNEP FI) has signed two global partnerships aimed at advancing nature-related disclosures among financial institutions, it announced on Tuesday.

Afforestation should play a more significant role in addressing the financial challenges of achieving carbon neutrality in China, especially as the country pursues deep decarbonisation, according to a recent study.

HSBC has delayed its target to achieve net zero emissions across its operations, business travel, and supply chain to 2050, the bank said on Wednesday, pushing back its original 2030 deadline by two decades.

A Seoul-based developer is eyeing Article 6 status for a methane reduction project in Uzbekistan claiming to reduce emissions by 7 million tonnes of CO2 annually, the company told Carbon Pulse.

Confidence in the energy sector’s ability to reach net-zero targets has plummeted, with just 16% of senior executives believing 2050 goals are achievable, down from 45% last year, according to a report by a UK-based trade group.

Australia’s Santos has pushed back the net zero target date for its Scope 2 emissions by a decade to 2050, while the 2040 date remains in place for its net equity share of Scope 1 emissions, its Climate Transition Action Plan (CTAP) released Wednesday showed.

There are 30 big batteries operating across the main grid, and they have cemented their role as critical players. But a wave of new projects presents challenges.

The post Big batteries are booming – and finding their place in an evolving energy market appeared first on RenewEconomy.

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Experts from across the agriculture and food industry see the prospect of a specific emissions trading system for agriculture and food sectors as firmly on the table, with the European Commission now considering policy vehicles to drive down greenhouse gas emissions in the sector.