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Arithmetic over capacity does not add up, with supply chains a constraining factor

• Renewable energy auction secures enough power for 11m UK homes

It was a “record-setting auction” and “a significant step forward in our mission for clean power for 2030”, trumpeted the energy secretary, Ed Miliband, enjoying the contrast with last year’s auction flop under the Tories in which precisely zero bids were received to build offshore windfarms.

Miliband was claiming credit when it wasn’t entirely due, of course, because this year’s competition was designed well before the general election. Some version of success was guaranteed from the moment the last government said it was prepared to pay up to £73 a megawatt hour (in 2012 prices, confusingly) for offshore wind, a mighty leap from the £44 level that produced no takers in 2023. At the higher level of incentive, developers were bound to come out to play again.

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A Brazilian Senate committee approved on Tuesday a long-awaited bill with key carbon capture and storage (CCS) elements, sending it to plenary.

The director of carbon capture and storage (CCS) in the UK government acknowledged at a conference on Tuesday that the country faces challenges meeting its capacity targets.

Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.

The Spanish Minister for the Ecological Transition, who was appointed to Brussels last week by her government, is widely tipped for the European Commission’s climate portfolio, but is not certain to be confirmed in time for the COP29 summit in Baku.

Norway’s pioneering Longship carbon capture and storage (CCS) project is now 80% complete and on-track to begin operations next year, according to the country’s oil minister.

Diverting biofuel production from road transport to the aviation sector could help it reach its decarbonisation targets, while a massive ramp up of renewable and additional electricity production will be needed to meet the 2050 goals, according to a report by a German climate think tank.

Jordan’s voluntary carbon market (VCM) plans have stalled since it announced in 2020 intentions to launch a regulated domestic market – a delay that local media sources attribute to ongoing ambiguity about Article 6 carbon trading under the Paris Agreement.

The government of Malawi has generated 1.5 million carbon credits over the past five years, according to government sources quoted in local media.

A Netherlands-based direct air capture (DAC) startup has raised €15.3 million in funding as it looks to scale the rollout of its patented technology, the company announced Tuesday.

The UK awarded contracts for a record 131 renewable energy projects on Tuesday, with price bids coming in well below the maximum set by the government in an auction that the industry welcomed as a sign of renewed investor confidence in the country.

Two blockchain platforms have integrated their technologies to offer a streamlined service for the lifecycle of voluntary carbon credits, from issuance to trading, they announced Tuesday.

Singapore-based marketplace PCX Markets has said it has prevented 100,000 tonnes of plastic waste from dispersing in nature through plastic credit issuance in the last four years.

A London-based carbon removal marketplace has secured exclusive access to the remaining credits available this year from a Bolivian biochar developer, the firms announced Tuesday.

The government of Sindh province in Pakistan is planning to generate tens of millions of voluntary carbon credits by planting trees along the Indus River in a massive reforestation initiative, an official told Carbon Pulse.

COP29 host nation Azerbaijan has launched a platform to help developing nations with their submission of climate progress reports.

The UK government is selling its first batch of statutory biodiversity credits under the biodiversity net gain (BNG) scheme to a developer for an estimated total of £35,120.

Exclusive: Cut would mean at least 239,000 fewer hectares of nature-friendly farmland, according to RSPB

The government is to slash the nature-friendly farming budget in England by £100m in order to help fill what ministers say is a £22bn Treasury shortfall, the Guardian can reveal.

Nature groups and farmers have called this a “big mistake”, saying it jeopardised the government’s legally binding targets to improve nature.

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An industrial technology developer using artificial intelligence (AI) to design and deploy new climate technologies has open-sourced an AI model, with its first product set to be a carbon removal technology, in the early stages of commercialisation.

Six new big battery projects named as winners of the federal government's first auction under the Capacity Investment Scheme.

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