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Exclusive: UK energy secretary says at Cop29 that people see the economic advantages of making the transition

• Cop29 climate summit – live updates

Renewable energy is now “unstoppable”, and no government can prevent the shift to a global low-carbon economy, UK energy secretary Ed Miliband has said.

He said the UK was acting out of national self-interest by taking a global lead on cutting greenhouse gas emissions and boosting financial help available to poor countries at crunch UN climate talks this week.

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A day after incoming President-elect Trump's administration reportedly indicated its intent to eliminate electric vehicle (EV) tax credits in broad tax reform, US Energy Secretary Jennifer Granholm expressed confidence that the credits – and other financing supporting nascent clean energy technologies – should be durable enough to withstand potential attack.

Some cafes and visitor centres to close with job losses while reserves in Suffolk and Hertfordshire among those in peril

The future of several RSPB nature reserves is in doubt as it introduces cuts, citing cost of living pressures.

The bird charity told its workers at an all-staff meeting on Thursday that cafes and visitor centres across some of its sites would be closing, and staff would be made redundant. It also said it was in the process of transferring ownership of some of its sites to other companies.

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The Canadian and Indigenous governments, together with a group of private donors, signed on Thursday an agreement set to unlock C$375 million ($270 mln) over the next 10 years for conservation efforts in the Northwest Territories (NWT).

Nearly half of companies globally continue to only use non-renewable electricity, according to a new report released on Friday.

A food and beverage multinational on Thursday told a webinar that making the business case for sustainability projects needs more than an internal carbon price to be financially viable, and so turns to a different set of metrics when evaluating which investments to make.

The Azerbaijani COP29 presidency launched a series of pledges on Friday to boost clean energy storage and infrastructure globally and in the Caspian region, in support of last year's commitment to triple renewables and double energy efficiency.

Some $42 billion has been spent was spent on the origination and development of 11,752 registered and pre-registered carbon credit projects globally, and about half of this, $22 bln, happened between 2021 and 2023, analysts estimate.

The French government has announced the launch of a national scheme for voluntary biodiversity credits, in an attempt to mobilise private financing towards nature conservation and restoration.

The government of Thailand will submit the draft climate change bill containing provisions for an emissions trading scheme and a carbon tax for cabinet approval by December, but expecting a final bill to be implemented only by 2026, a government official told Carbon Pulse.

Australian Carbon Credit Unit (ACCU) prices on the secondary market have surged to A$42 ($26.55), as buying activity continues to ramp up by facilities covered under the Safeguard Mechanism ahead of the March deadline.

BRICS members Russia and Ethiopia signed a memorandum of understanding (MoU) on low-carbon development at COP29 in Baku, local media reported on Thursday.

European carbon prices gave up a strong opening surge to a 10-week high, posting a 1.5% decline by midday on Friday, on the back of aggressive selling after front-month TTF natural gas fell back sharply from Thursday's one-year high, leaving Europe's benchmark carbon contract heading for a weekly decline.

A new Article 6 text published Friday after a late night of work in Baku has put talks on finalising international carbon trade rules firmly back on track, according to sources close to the negotiations, following a nervy reaction to a chaotic, 43-page previous draft.

Human rights groups have called for a review of how countries are chosen to host the COP climate summits.

Canada-based Base Carbon has an inventory of more than 1.7 million Article 6-authorised cookstove credits on its balance sheet, the company said in third quarter results.

With four new standards approved to supply CORSIA compliance last month, and the aviation sector now well into its first phase, the voluntary carbon market is starting to make predictions around prospective supply and demand for the UN's international aviation offsetting scheme - but it may be too soon to forecast what will be needed, and what will be available to buy.

Developing countries relying on oil and gas extraction for state revenues need technical and financial support to phase it down — even if they are keen to follow through on last year's COP28 global commitment to pursue a just and orderly transition away from fossil fuels, according to experts at COP29.

A London-based jurisdictional REDD+ (JREDD+) project developer has introduced a new insurance feature for its carbon credits, the organisation announced on Thursday.

Chinese carbon prices hit record highs again over the past week as the emissions market continued to gather momentum from emerging demand ahead of the year-end compliance deadline.