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Europe’s power sector is calling on the EU strengthen its carbon market post-2030 to support to bloc’s climate ambitions, with a focus on improvements to market stability, allowance price predictability, and targeted investment, according to a position paper released on Thursday.

The EU’s market regulator has called for listed companies to improve transparency and consistency in the accounting of carbon allowances, urging firms to follow best practices and disclose more information about their financial exposure to emissions-reduction commitments.

CO2 removals (CDR) can doubly support states to meet climate targets and tap into an emergent market estimated to reach up to $135 billion by 2040, with opportunity for policymakers to facilitate scale-up, said a US think tank in a report Wednesday.

Just over two dozen companies have published their voluntary carbon offset purchases in compliance with a recent California law, but many disclosures were incomplete and included low-quality credits, a research group said Thursday.

Andrew Forrest's Squadron Energy passes another planning hurdle for its proposed 700 MW wind farm and 1800 MWh battery project in NSW.

The post Forrest gets planning approval for $2 billion wind and big battery project in central west appeared first on RenewEconomy.

A group of 17 countries led by Colombia and Mexico have announced they are establishing a special group at COP16 to drive progress on mainstreaming biodiversity, following what they said are attempts to undermine the policy.

Review of company data shows Norwegian oil and gas producer downgraded estimates for CO2 stored at Sleipner gas field by almost a third.

The post Equinor admits it “over-reported” amount of carbon captured at flagship project for years  appeared first on RenewEconomy.

A US-based direct air capture (DAC) developer announced Thursday that it will begin manufacturing a novel sorbent material that will be able to passively remove CO2 from the atmosphere.

A consortium of think tanks focused on developing countries vulnerable to climate disasters called for enhanced quality and an expanded scope of funding sources in global climate finance ahead of COP29 in a webinar Thursday.

While governments at COP16 make glacial progress on protecting nature, what billions of people choose to do individually can add up to make a big difference. Jim Radford, Associate Professor, Ecology and Environment, La Trobe University Licensed as Creative Commons – attribution, no derivatives.

Not enough has been done so far at COP16 to address exploitation of minerals for the green energy transition, especially in Indigenous Peoples’ lands, a group of NGOs said Thursday.

A Brazilian organisation is set to market its first biodiversity credits generated through three separate projects across the country, with a philanthropic institution already committed to buying them.

Decline over 2023, helped by switch to renewable power, means greenhouse gas pollution is now 37% below 1990 levels

The EU’s greenhouse gas emissions fell 8% last year, the European Environment Agency (EEA) has found, as the continent continues to close down coal-fired power plants and make more electricity from sun and wind.

The steep drop in planet-heating pollution in 2023 is close to the fall recorded in Europe at the start of the Covid-19 pandemic, when travel restrictions grounded planes and shuttered factories.

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A Ghana-based producer of biochar from coconut husks has received investment from a development finance institution to expand its business and to launch a carbon removal project in West Africa.

Businesses still see carbon credits as a high-risk investment, citing limited policy guidance and a market rife with controversy, speakers told a webinar this week, but corporate offsetting is key to reaching net-zero goals and could soon become mandatory.

More companies than ever are disclosing their plans for transitioning to net zero emissions and aligning their strategies accordingly, with financial institutions increasingly using these plans to drive investment towards sustainable solutions, the Transition Plan Taskforce (TPT) found in its final report as it closed shop on Thursday.

Emissions in the EU fell significantly in 2023, but clear and predictable policies are essential to maintaining momentum, according to two separate reports released on Tuesday. 

An alliance of large asset owners committed to reaching net zero has so far cut emissions by an average 6% per year since launching, with most members setting decarbonisation targets for 2025 in line with the Paris Agreement goals, according to the group's latest progress report.

Campaigners say car park extension at Manningtree station inhibits access to Dedham Vale and threatens habitats

A commuter car park in Essex is to be one of the first test cases of whether the government will enforce new legislation aimed at protecting national parks and landscapes in England.

Dedham Vale is a designated “national landscape” on the border of Essex and Suffolk, home to increasingly rare species including hazel dormice and hedgehogs. Within it is Manningtree station, where the train operator Greater Anglia built an extension to the car park to cope with increased traffic.

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TotalEnergies emitted more direct greenhouse gasses in the third quarter because of increasing gas-fired power plant use in the US and Europe, the energy company revealed Thursday.