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South Australia ringfences over A$11 mln to support nature restoration on private lands
INTERVIEW: Plastics inventor eyes ‘carbon-negative’ SAF using carbohydrates as feedstock
ETS2 can soften impact of EU tariffs on Chinese electric cars, experts say
Rising unilateralism from big players threatening Article 6 carbon markets, report argues
DATA DIVE: Brazil by far the most affected by Verra’s new consolidated REDD+ carbon methodology
New UK govt drops legal defence of oil and gas field licences
Ed Miliband’s withdrawal of legal backing puts UK oil and gas projects in doubt
Government says it will not challenge reviews of approval given to controversial Jackdaw and Rosebank fields
The future of two of the UK’s most controversial oil and gas projects has been thrown into doubt, after the energy secretary, Ed Miliband, withdrew government support for the companies in two legal cases brought by campaigners.
The Jackdaw oilfield, operated by Shell, was given approval in 2022, and Greenpeace applied for a judicial review shortly after the decision. Last year, the previous Conservative government gave the green light to Equinor-operated Rosebank, the UK’s biggest untapped oilfield, against the recommendation of climate advisers. Greenpeace and Uplift demanded a judicial review, arguing that the approval was incompatible with the UK’s legally binding climate commitments, and saying that ministers’ original analysis ignored the devastating impact of burning oil from the site.
Continue reading...UK may unveil tougher emissions targets at Cop29 climate summit
Campaigners hail Labour’s ‘proactive approach’ after series of policy U-turns under Conservatives
The UK government is considering making further commitments on cutting greenhouse gas emissions, likely to be announced at the UN climate summit this year.
It is hoped the plan will help kickstart global ambitions on cutting emissions and encourage other countries to follow suit.
Continue reading...Euro Markets: Midday Update
Carbon ratings agency announces new engagement push across emerging markets
Half of countries have degraded freshwater, UN says
BECCS champion Drax agrees to pay £25 mln after regulator finds gaps in wood pellet sourcing
INTERVIEW: Refiners see limited growth in e-fuels, bet on advanced biofuels
INTERVIEW: Marine biodiversity credit project reduced in size to ensure integrity
Think tank rates Singapore’s carbon tax as far off meeting Paris Agreement
Australia a ‘hotspot’ for SAF feedstock, but will struggle to keep it onshore, senate committee hears
South Korea sets up special fund to encourage green tech exports, overseas cooperation
Hundreds of thousands of dead fish blanket Greece tourist port after flooding – video
Greek authorities have started collecting hundreds of thousands of dead fish that poured into a tourist port in the central coastal city of Volos this week after being displaced from their usual freshwater habitats during flooding last year. 'It spans kilometres,' a city council member, Stelios Limnios, told Reuters. 'It’s not just along the coast, but also in the centre of the Pagasetic Gulf,' he said, referring to the waters off Volos, where the coast is lined with holiday homes. There have been warnings that the rotting fish could create an environmental disaster for other species in the area
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