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Microsoft will buy an estimated $200 million worth of credits to restore parts of Brazil’s Amazon and Atlantic forests, the tech giant told the Financial Times, amid a surge in emissions driven by artificial intelligence.

In a decision Woodside says is "not particularly" related to America's new fossil fuel focus, the Australian oil and gas major has marched back its US "new energy" plans.

The post Woodside quits US concentrated solar project, puts green hydrogen plans on hold appeared first on RenewEconomy.

France-based bank BNP Paribas has recommended two metrics for assessing the impacts of human activity on rare species, in a bid to get a more complete picture of biodiversity.

December saw a major jump in the retirement of credits tagged with Integrity Council for the Voluntary Carbon Market (ICVCM)’s CCPs quality label, registry data analysed by Carbon Pulse shows.

Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies

Homeowners in the United States are facing an enormous financial crunch due to the climate crisis, with many struggling to find insurance or even dropping premiums that are soaring due to a mounting toll of wildfires, hurricanes and other disasters, new federal government data shows.

The figures, the most comprehensive numbers ever released by the US treasury department on the issue, show insurance premiums are increasing quickly across the country, with people living amid the greatest climate-driven risks experiencing the steepest rises of all. In the four years to 2022, people living in the top 20% riskiest places for such perils paid, on average, 82% more than those in the 20% lowest climate risk zip codes.

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Regulators in South Korea are preparing to introduce emissions-linked financial products, as more financial institutions will soon have access to the country's national carbon market.

António Guterres issues warning at Davos, days after Donald Trump pulled US out of Paris climate agreement

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The world’s addiction to fossil fuels is a “Frankenstein’s monster sparing nothing and no one”, the UN secretary general, António Guterres, told leaders at the World Economic Forum in Davos on Wednesday.

“Our fossil fuel addiction is a Frankenstein’s monster, sparing nothing and no one. All around us, we see clear signs that the monster has become master,” Guterres said in a speech days after 2024 was revealed to have been the hottest year on record and Donald Trump began his second term as US president by pulling the country out of the Paris climate agreement and pledging to “drill, baby, drill” for more oil and gas. The fossil fuel industry gave $75m (£60m) to Trump’s campaign.

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Experts say UK should stop biomass burning as electricity sector decarbonisation by 2030 can be achieved without it

The UK should stop burning wood to generate power because it is not needed to meet the government’s target of decarbonising the electricity sector by 2030, according to analysis.

Ed Miliband, the energy security and net zero secretary, is expected to make a decision soon on whether to allow billions of pounds in new public subsidies for biomass burning, despite fierce opposition from green groups.

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A Danish waste-to-energy company has partnered with a fund manager to build a bioenergy with carbon capture and storage (BECCS) site near Copenhagen that could generate carbon credits for corporate buyers, the two firms announced on Tuesday.

Voluntary carbon standard Verra has released a guidance document that provides instructions for how project developers can request labels for credits eligible under the UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

A Tokyo-headquartered project developer is expanding its presence in Haiti, in the hope of securing millions of carbon credits from agroforestry initiatives in the coming years.

Acronyms, in-jokes and online fan clubs spring up as viewers across the globe prepare for Sydney’s first corpse bloom in 15 years – from a safe distance

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In a Sydney greenhouse, a tall pointed flower is about to bloom for the first time in years.

To the scientific community, the Botanic Gardens of Sydney’s corpse flower is known as amorphophallus titanum, which translates to large, deformed penis. But online, the rare endangered plant has taken on a new name: Putricia.

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Australia’s carbon market oversight body cited evidence and uncertainties that the beef herd management methodology no longer meets the offset integrity standards (OIS), as to why it advised against renewing the method.

Australian Carbon Credit Unit (ACCU) prices recovered slightly Wednesday after hitting a four-month low Tuesday, with the lead up to the next federal election and bearish signals affecting market sentiment. 

The cabinet of Thailand on Tuesday approved its plan to impose a carbon tax on oil and other petroleum products in an effort to reduce the country's greenhouse gas emissions.

A multinational commodity trader has combined with two non-profits to launch an initiative aimed at mobilising billions in private-sector investment for Brazilian rainforest protection, including via REDD+ finance.

Australia’s Clean Energy Regulator (CER) on Wednesday opened its draft Audit Thresholds Instrument 2025 for Australian Carbon Credit Units (ACCUs) for consultation.

A social media post featuring a fake news report is spreading a false claim about damage to a solar farm in the Sunshine State.

The post Fact check: No, a Queensland solar farm was not “smashed” by wild weather appeared first on RenewEconomy.

As Trump confirms plans to "drill baby, drill" Santos hits pause on a $3bn-plus oil and gas project in Australia and turns its focus to a project in Alaska.

The post Santos hits pause on massive Australian oil and gas project, shifts attention to US appeared first on RenewEconomy.

Marinus Link has narrowed the field for who will build the onshore infrastructure to two groups, with a decision to be made in Q4.

The post Marinus Link moves closer to construction as short-list narrows down to two contenders appeared first on RenewEconomy.