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India’s largest offset developer has registered a renewable energy project in Azerbaijan, making it the first ever large-scale renewable energy project eligible for generating carbon credits in the COP29 host nation.

Elnur Soltanov recorded speaking with fake oil and gas group that asked for deals in exchange for sponsoring talks

The chief executive of Cop29 has been filmed apparently agreeing to facilitate fossil fuel deals at the climate summit.

The recording has amplified calls by campaigners who want the fossil fuel industry and its lobbyists to be banned from future Cop talks.

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Carbon project rating agency BeZero Carbon made over $20 million in losses in the last financial year, according to publicly available documents, due to the creation of 50 jobs and subsidiaries in the US and Singapore, the company said.

A San Francisco-based marine drone startup has raised $2 million in pre-seed funding to develop its technology aimed at advancing seagrass restoration.

Ukraine has adopted legislation establishing a national emission trading system (ETS) this week, which will start in 2026 with a two-year pilot phase and will become fully operational in 2029.

European carbon prices extended their late Thursday rally to climb above key technical levels amid continued buying in power and gas markets as weather forecasts called for lower temperatures in much of Europe.

UK-headquartered conservation company Environment Bank has announced a 30-year restoration and rewilding project within over 178,000 hectares of low-yielding land in North Yorkshire, England.

It could have been better designed, but Rachel Reeves’s inheritance tweak will help farmers with mud on their boots

Should multimillionaire landowners benefit from a tax break designed to help small family farms pass down their land to their children? This is a hotly contested question, given last week’s budget. Labour has reintroduced 20% inheritance tax for farms that are valued at more than £1m, meaning the children of farmers will no longer inherit land tax-free. Granted, 20% is still only half of the standard inheritance tax rate, and it probably sounds more than generous to an ex-miner, foundry worker or shipbuilder. But today, £1m would only buy you about 40 hectares (100 acres) of farmland, which is far short of a viable farm.

Farming is a long-term business that requires substantial assets and often makes only meagre returns. Farming families have not had to consider tax planning for family succession since 1992. As a second-generation farmer, I support much of the budget. But on the inheritance tax threshold, I thought, the chancellor, Rachel Reeves, had got it wrong. The positive reading of her decision is that she was trying to close a loophole whereby wealthy people buy up farmland and pass it, tax-free, to their children. If that was the main objective, though, the threshold should have been set substantially higher than £1m.

Guy Singh-Watson is the founder of the organic veg box company Riverford and a member of Patriotic Millionaires UK. He grows organic vegetables on 60 hectares (150 acres) in Devon and 120 hectares (300 acres) in the French Vendée. He sold Riverford in 2018 to its 1,000 employees, and the company is now 100% employee-owned

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Prices in China’s national emissions market hit a fresh all-time high again the past week while trading volume surged, buoyed by growing compliance demand, though a newly introduced carryover policy may complicate the price growth outlook.

Opposing views on climate, and the need to ramp up spending on defence and clean energy in the wake of Donald Trump’s election in the US, all played a part in the fall of the German government coalition, Chancellor Olaf Scholz has said.

The emergence of carbon border adjustment mechanisms (CBAM) has created a heightened sense of uncertainty among Chinese exporters, despite China's recent policy progress in expanding its mandatory carbon market, analysts said this week.

A Vancouver-based carbon credits project developer has completed its business combination with a ‘blank cheque’ company, securing an additional $43 million to go public on the US stock exchange.

October saw a big month-on-month jump in the retirement of credits tagged with ICVCM’s Core Carbon Principles (CCPs) high-integrity label, carbon registry data analysed by Carbon Pulse shows.

The best of this week’s wildlife photographs from around the world

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Undercover filming shows COP29 chief exec discussing new oil and gas projects ahead of climate summit.

Prospects of strong outcome appear dim but there is hope the talks will address pressing issue of climate finance

More than 100 heads of state and government are expected to land in Baku, the capital of Azerbaijan, over the next few days and the first thing they are likely to notice is the smell of oil. The odour hangs heavy in the air, evidence of the abundance of fossil fuels in this small country on the shores of the Caspian Sea.

Flaring from refineries lights up the night sky, and the city is dotted with diminutive “nodding donkey” oil wells raising and lowering their pistons as they draw from the earth. Even the national symbol is a gas flame, epitomised in the shape of three skyscrapers that tower over the city.

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One of Australia's first offshore wind projects has been given a lifeline after a court ordered a review of its rejected bid for a key licence.

The post Offshore wind project wins court appeal over rejected licence in Gippsland appeared first on RenewEconomy.

On the eve of Cop29 in Baku, António Guterres says dangers are underestimated as irreversible tipping points near

The world is still underestimating the risk of catastrophic climate breakdown and ecosystem collapse, the UN secretary general has warned in the run-up to Cop29, acknowledging that the rise in global heating is on course to soar past 1.5C (2.7F) over pre-industrial levels in the coming years.

Humanity is approaching potentially irreversible tipping points such as the collapse of the Amazon rainforest and the Greenland ice sheet as global temperatures rise, António Guterres has said, warning that governments are not making the deep cuts to greenhouse gas emissions needed to limit warming to safe levels.

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Now is a good time to remember that efforts to tackle the global climate crisis are much bigger than one man. Here are 10 reasons to remain hopeful.

The post 10 reasons why Donald Trump can’t derail global climate action appeared first on RenewEconomy.