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Standardised CORSIA Phase 1 contracts slipped last week amid ongoing uncertainty around US participation in the scheme, even as liquidity on futures jumped, while credit retirements remained below the 2024 weekly average despite analysts forecasting a record year for the market on the demand side.

A Paris-headquartered carbon standard last week opened consultations seeking stakeholder feedback on phasing out its unit system and refining a forest methodology.

The UK has halved subsidies for Drax’s biomass power station from 2027, and is putting under review future government support for bioenergy with carbon capture and storage - the technology Drax is counting on to decarbonise its electricity generation.

Singapore and Marshall Islands on Monday announced their 2035 Nationally Determined Contributions (NDCs) under the Paris Agreement in time for original deadline - now pushed back to September as only a handful of nations made the early February goal.

The EU is at risk of missing its 2030 climate goal of cutting net emissions 55% below 1990 levels, the European Commission’s Joint Research Centre (JRC) warned in a report that was quietly posted online just over a week ago.

A French asset manager announced last week a coalition of investors and partners to support its €350 million natured-based solutions (NbS) fund focused on sustainable agriculture.

Some small development sites in England have achieved biodiversity net gain (BNG) at least 10 times greater than the legal requirements, according to a report released Monday.

The rate of grid registrations for wind, solar and battery projects has surged in the last six months, with the capacity of projects given the go-ahead to connect to the grid double that of the previous 12 months. New data released by the Australian Energy Market Operator shows that with 1.7 gigawatts (GW`) of new […]

The post AEMO reports surge in grid registrations for wind, solar and battery projects appeared first on RenewEconomy.

An activist shareholder group has run the ruler over the exposure to fossil fuels for Australian and international banks and found the numbers significant, but said ‘ordinary’ people may not realise the full extent of their banks’ lending activities.

A total of 144 companies and trade associations globally have urged the leadership behind the GHG Protocol to clarify the role of market instruments for renewable gases in the organisation's Scope 1 inventory, saying a rapid deployment of biomethane is needed to meet climate goals.

EU carbon jumped on Monday morning, amid sharply higher energy prices after the latest forecasts showed colder weather across the region, boosting the call on thermal power generation, while UKAs rose to a new eight-month high.

A tropical low known as 18U will bring strong winds, heavy rain and storm surges to the north of the country

The Bureau of Meteorology has issued a tropical cyclone alert for the north coast of Western Australia. This alert concerns a tropical low known as 18U, which has been spotted near the coast of Kimberley, situated in the north-west of the state. Strong winds, heavy rain and storm surges will affect northern Australia starting on Sunday night, with a flood warning also being issued. Under current forecasts, 18U will continue to push south-westwards along the warm water off Western Australia into the new week and is expected to strengthen to a tropical cyclone, which will be named Zelia. By the end of the week, the cyclone is expected to make landfall around the Pilbara region, bringing about 150mm-250mm (5.9in-9.8in) of rain locally, alongside wind gusts of about 100mph.

Meanwhile, Canada has once again been experiencing a severe cold spell after polar air moved in from the north, allowing temperatures to fall 5C-10C (41C-50F) below the seasonal average. Western Canada is particularly badly affected, with the cities of Calgary, Edmonton and Saskatoon potentially experiencing maximum daytime temperatures of between -10C and -15C this week, while overnight temperatures will often reach -20C to -30C. Temperatures as low as -35C are possible, which is around 10-15C below the seasonal average. For more context, the town of Saskatoon lies at the same latitude as Cambridge in the UK, which has a record low temperature of -13C.

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A Germany-based nature tech company has raised €5 million in seed funding to advance its platform aimed at enabling companies to assess and manage their environmental impacts.

Switzerland has rejected the proposed Environmental Responsibility Initiative to rein in the country’s consumption levels in line with planetary boundaries, with a strong majority of almost 70% in a popular vote held Sunday.

The European Commission says its forthcoming 2040 climate plan will "inform" the bloc's next Paris Agreement commitment for 2035, but questions persist on how the figure will be decided, as no method has yet been agreed or even discussed publicly.

The government has agreed a new subsidy arrangement with the controversial wood-burning Drax power station in north Yorkshire.

China has integrated on-grid renewables into the nation's electricity market as its latest attempt to deepen the country's power sector reforms, a process expected to make the market more sensistive to carbon pricing signals.

Heavy winds detach another piece of serrated edging from a turbine at the country's biggest wind project earlier this month.

The post High winds detach another serrated edge from turbine at Australia’s largest wind project appeared first on RenewEconomy.

The Supervisory Body for the Article 6.4 mechanism (SBM) will meet for the first time this week since the historic carbon markets agreement at COP29 in Baku, with implementation on the agenda as the UN body seeks to push forward with key methodological work for Paris Agreement carbon crediting.

Activity on Indonesia’s National Carbon Exchange (IDX Carbon) saw a jump in January, partly thanks to the commencement of international carbon credit trading on the platform, however questions linger over key elements of the scheme.