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South Korea is planning to extend participation and curb permit surplus in its emissions trading system, as the government seeks to reverse the dynamics in the struggling market.

European carbon prices dropped to their lowest in four weeks on Tuesday morning as the weight of selling pressure continued to hang over the market, while an upward revision to France's expected nuclear generation this year and bearish Chinese economic data added to weakness in the energy complex.

GE Vernova has blamed its latest offshore blade failure on a giant 13 MW wind turbine on a combination of storm winds during the commissioning process.

The post GE Vernova blame latest giant turbine blade failure on storm appeared first on RenewEconomy.

Finnish carbon removal standard Puro.earth has seen its issuances approved to supply a multinational credit buyers' club, the firm announced Tuesday.

A Belgium-based company using carbon finance to incentivise farmers for sustainable practices has raised €15 million in a Series B fundraising round.

A major South Korean business lobby is urging the government to actively support decarbonisation of the domestic steel industry, as the implementation of the EU's Carbon Border Adjustment Mechanism (CBAM) could bring Korean steelmakers additional costs of 3 trillion won ($2.2 billion) over the next decade.

A provider of emissions data and compliance management solutions for the maritime industry has closed a €5 million Series A financing round, according to a press release.

Colombian standard Cercarbono expects to certify only a handful of biodiversity credit projects in 2025, hoping to have enough initiatives in its pipeline to test the standard during its first year.

Greenpeace urges Labour to ‘fulfil international obligations’ as critics question accuracy of official data

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The UK’s worst methane hotspots include the last coalmine, livestock farm clusters, landfills, power plants and North Sea oil and gas wells, according to an analysis.

The process has also thrown up serious doubts over the UK’s ability to calculate its methane emissions.

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One of the largest renewable energy projects in Kenya, involved in a land dispute with the local community for about a decade, has been unable to trade carbon credits issued from the project, according to a local media source.

A Swedish biodiversity developer has partnered with an Irish forestry management software company to develop a monitoring tool for biodiversity credit projects in forest landscapes, they said on Tuesday. 

India must allow auctioning of carbon credit certificates (CCCs) under its intensity-based Carbon Credit Trading Scheme (CCTS), in line with other emissions trading schemes (ETS) globally, in order to achieve its climate goals while also facilitating a just energy transition, a paper released Tuesday has found.

Australian greenhouse gas emissions have continued to flatline, as gains in the electricity sector are wiped out by rising transport emissions, according to government reporting.

A report into Australia’s human-induced regeneration (HIR) projects has argued that on-the ground, or 'in-situ', reporting measures are crucial to ensure abatement assurance, because national datasets are unreliable in the remote areas where projects are located.

Seeing solar around your neighbourhood is a surprisingly large reason you might choose to do the same. Kaveh Khalilpour, Associate Professor in Engineering and IT, University of Technology Sydney Alexey Voinov, Professor in Sustainability Science, University of Twente Licensed as Creative Commons – attribution, no derivatives.

Climate scientists have already predicted that 2024 will be the hottest year ever

Japan has recorded its hottest summer on record after a sweltering three months marked by thousands of instances of “extreme heat”, with meteorologists warning that unseasonably high temperatures will continue through the autumn.

The average temperature in June, July and August was 1.76C higher than the average recorded between 1991 and 2020, the Japan meteorological agency said, according to Kyodo news agency.

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Friends of the Earth says pollution exceeds healthy levels for nature in 9,062 localities

More than a quarter of neighbourhoods in England have pollution levels that are highly harmful to wildlife, new data shows.

Friends of the Earth has named 27.5% of areas “nature pollution hotspots” in new research. These are defined as places where air, water, noise and light pollution all exceed levels that are damaging to nature.

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Danish energy giant marks new chapter in "green transformation" with closure of Esbjerg Power Station, in western Denmark.

The post “We’re making history:” Ørsted shuts last coal-fired heat and power plant appeared first on RenewEconomy.

TotalEnergies will deploy a floating wind turbine to help power an offshore gas platform in the North Sea, in a “decarbonisation” effort that seems to have lost something in translation.

The post Big Oil pilots use of floating wind turbine to power gas platform appeared first on RenewEconomy.

Will its bark be worse than its bite?

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