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Heavy industry will consume as much as 80% of the EU ETS revenue earmarked for the Belgian region of Flanders from now to 2030, leaving scant funding behind to finance decarbonisation and a just transition, according to analysis by an environmental think tank.

The Commonwealth of Nations is speaking to three jurisdictions about implementing a model carbon tax law that its secretariat published last year, and is planning to further promote the law at COP29.

US carbon credits certifier Verra has issued a ‘corrections and clarifications’ document to align the definition of ‘forest’ to that of the Core Carbon Principles (CCP) Assessment Framework of the Integrity Council for the Voluntary Carbon Market (ICVCM).

A large commodity firm has announced it will keep its coal business, less than one year after saying it would exit the sector, following shareholder pressure.

An Indian think tank has launched a framework to try to drive investments in nature-based solutions (NBS) in the so-called Global South by measuring their potential benefits.

Issuance levels for new Australian Carbon Credit Units (ACCU) hit a new high in financial 2024, exceeding record volumes in 2023, even as trade in July hit a nine-month low, a carbon consultancy said this week.

A US company specialising in environmental measurement technology has announced the launch of its carbon credit trading platform, and the first transaction sourced from measured diesel engine emissions.

Virgin Atlantic's pledge to run future flights on fully sustainable aviation fuel is misleading consumers, according to an official UK judgment published on Wednesday.

Voluntary carbon market stakeholders mostly welcomed the decision made by the the Integrity Council for the Voluntary Carbon Market (ICVCM) to reject renewables methodologies from the sought-after Core Carbon Principles (CCPs) quality label, adding that they expected a limited market impact.

This has been a summer of extreme heat around the world. The Guardian is investigating how it harms our planet and leaves the world’s most vulnerable people exposed to its impact

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A staple of dystopian science fictions is an inner sanctum of privilege and an outer world – chemical desert/airless waste/District 12 – peopled by the desperate poor. The insiders, living off the exploited labour of the outlands, are indifferent to the horrors beyond their walls. Well, here we are.

Even as extreme heat raged across the southern United States this summer, the governors of Florida and Texas struck down heat protections for outdoor workers. Construction companies and agricultural firms lobbied against the rights of workers to water, shade and rest breaks when temperatures soar – and Ron DeSantis and Greg Abbott, two men also lavishly funded by the fossil fuel industry, gave them what they wanted.

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European carbon prices struggled for direction on Wednesday morning amid the lack of a daily auction, wider macroeconomic and geopolitical uncertainty, and closely tracking a flat TTF gas market, as investment funds trimmed their net short position 25% last week, according to Commitment of Traders data.

Nature-based carbon and biodiversity markets should only sell credits after their impact has been scientifically proven in a bid to make them credible and scale investments, a new study has said.

Carbon capture and storage work is ramping up in Australia as one project proponent handed two offshore permits last week on Wednesday announced another partnership with a Japanese giant, and the federal government handed out three new offshore permits.

Two renewable energy projects in Spain will borrow €85 million from the European Investment Bank (EIB) under EU plans to reduce dependence on fossil fuel imports.

A dairy product supplier in China is planning to tap into the international carbon market by launching a biogas utilisation project. 

Singapore has introduced an energy transition bill to Parliament for its first reading to progress its decarbonisation process via introducing guardrails for the electricity market, strengthening the Energy Market Authority’s (EMA) ability to regulate the power sector, and establishing the Future Energy Fund.

A US-based startup has this week launched an online platform that enables individuals, households, and small businesses to buy carbon removals credits.

One of Japan's largest trading houses has formed a partnership with two domestic companies to develop a combined decarbonisation solution for corporate clients.

Using cameras and trackers attached to Australian sea lions, we explored previously unmapped ocean habitats off the South Australian coast. The data also fed into predictive computer models. Nathan Angelakis, PhD Candidate in Ecology and Evolutionary Biology, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.

SunPower, once the darling of the American solar industry and its leading PV panel manufacturer, has filed for Chapter 11 bankruptcy protection.

The post Another non-China solar giant fails as American PV pioneer SunPower files for bankruptcy appeared first on RenewEconomy.