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Despite disparities across countries and regions, the European Union is on track to ensure its energy security, according to the European Commission's latest annual assessment looking back at what has been achieved so far.

The high price of carbon removal credits is set to spike before it declines, as new government policies help to drive more buyers to the nascent market, according to speakers at the Carbon Unbound Europe conference on Wednesday.

Scotland urgently needs strong targets to ensure impact in its forthcoming nature bill, covering areas ranging from habitats to species, experts said during a webinar on Wednesday.

The EU’s pandemic recovery funds contribution towards climate action and the green transition is likely over-estimated by at least €34.5 billion, the European Court of Auditors (ECA) said on Wednesday.

One of the largest forestry management firms in Ireland has teamed up with the country’s first certified carbon management company to sell credits in the voluntary market.

The Science Based Targets Network (SBTN) has put out for consultation draft guidance on the first scientific targets for ocean impacts, ahead of the full roll out in 2025.

Tenders for long duration energy storage and a spot in the South West Renewable Energy Zone have left NSW spoiled for choice on the best projects to replace its aging coal plants.

The post More than 15GW of wind, solar and batteries and 2GW of long duration storage pile in to landmark NSW tenders appeared first on RenewEconomy.

Exclusive: Environment Agency warned about ‘forever chemicals' 20 years before it started to regulate them

The Environment Agency was warned about the “chronic threat” that firefighting foams containing PFAS “forever chemicals” pose to the environment in 2003, 20 years before it started the process of regulating the chemicals, it can be revealed.

In a 200-page report obtained by the Ends Report via a freedom of information request and shared with the Guardian, consultants commissioned by the Environment Agency conducted an environmental review of firefighting foams with a “particular emphasis on their fluorosurfactant content”.

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There are still many unknowns about what will be required of farmers under an agricultural bill passed by the Scottish government in June, including on the incentives for woodland creation and peatland restoration, a trade body representative told a webinar on Wednesday.

The European Commission expects to formalise its Carbon Removals and Carbon Farming (CRCF) regulation by the end of this year, giving it the legal basis on which to set certification methodologies for the first batch of removal techniques next year, a Brussels official confirmed on Wednesday.

A clean cooking project developer has sold all of its carbon credits of a vintage through 2024 at $35 per tonne, its CEO told an event Wednesday, in a sign that demand for 'high-quality' units is there for the voluntary market.

A UK survey on corporate net zero progress found that 73% of respondents consider achieving net zero a medium- or high-priority over the next year, only 65% have committed to the 2050 target, and just 48% have set net zero goals to be met within the next decade.

Australia has released a consultation paper for entrants to the wide scale battery industry and value chain the nation hopes to build in a bid to further its ambitions as a renewable energy and battery superpower while reducing emissions.

Total investments in the natural capital asset class could rise to $1 trillion or more over the next two decades, on the back of revenues from outputs including biodiversity markets, investor New Forests has said.

Drax is looking to the UK government to begin discussions soon on a contract to support the company’s incoming bioenergy with carbon capture and storage (BECCS) project, to ensure that the plant can contribute to the country’s goal for clean power by 2030, a Drax official said on Wednesday.

A Brazilian carbon developer and two organisations working with Indigenous communities are piloting a biodiversity credit project in the Amazon state, with two European companies interested in purchasing units after COP16, Carbon Pulse has learned.

The European Commission has announced fresh funding for a research project that explores the impact of the EU's Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM) on neighbouring countries.

European carbon prices rallied on Wednesday morning as weekly positioning data showed that investment funds more than doubled their net short positions last week, triggering a rally as traders looked to test the conviction of bearish bets.

South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates. 

The EU needs a lot more renewable and low-carbon electricity and it needs it "ASAP", according to Paul Voss, director general of industry association Europe Aluminium, adding to a growing chorus of voices calling for lower energy prices to boost the bloc's competitiveness.