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Vitol has appointed a veteran emissions trader to its carbon and environmental products division, as the current head of division is set to retire.

The UK government can hit its goal to decarbonize the country’s electricity grid by 2030 with a massive expansion in renewable power and a price tag of at least $40 billion of investment a year, according to a report by newly created National Energy System Operator (NESO) .

Lawmakers in the European Parliament are focusing their attention on the Commission’s pledge to table a 90% climate target for 2040, leading MEPs told Carbon Pulse ahead of EU climate chief Wopke Hoekstra’s confirmation hearing on Thursday.

A Brazil-based developer has revised its biodiversity credit methodology to more clearly define the units within its framework, resulting in changes to the number of credits generated by its project as well as adjustments to pricing, the company told Carbon Pulse.

Money for climate action – and the rules underpinning its delivery – will dominate this year’s UN climate summit more than any other in the past decade, raising tensions over how much should be mobilised, who is on the hook for providing it, under what terms it is granted, as well as how the funding is tracked and reported.

Norway faces a significant shortfall in reaching its previous 2030 emissions reduction goal of 40% below 1990 levels, while Iceland could also fall short of tighter targets, according to a report published last week.

The European commissioner-designate for agriculture and food dismissed the idea of creating an emissions trading system for agriculture during his European Parliament confirmation hearing on Monday evening, saying EU policymakers should instead focus on tapping into the potential of carbon farming. 

Christian Åslund was shocked at the difference between what he saw in 2002 and what confronted him this summer

Standing in blinding sunlight on an archipelago above the Arctic Circle, the photographer Christian Åslund looked in shock at a glacier he had last visited in 2002. It had almost completely disappeared.

Two decades ago Greenpeace asked Åslund to use photographs taken in the early 20th century, and photograph the same views in order to document how glaciers in Svalbard were melting due to global heating. The difference in ice density in those pictures, taken almost a century apart, was staggering.

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European carbon was calm and little-changed on Tuesday morning, refusing to track firming natural gas prices as many markets appeared to adopt a watching brief for news from the US presidential election.

Collaboration between RSPB and Chester zoo leads to best mating season on record for the semi-aquatic fen raft spider

Thousands of giant spiders that can grow to the size of a human hand are thriving in the UK, thanks to a successful breeding programme from Chester zoo.

The fen raft spider is a harmless arachnid that plays a vital role in aquatic ecosystems, but 15 years ago was on the brink of extinction because of habitat loss.

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A Japanese carbon project developer has teamed up with two local partners based in Cambodia to promote an increasingly popular rice-focused methodology, as it aims to tap into the Southeast Asian country's voluntary market.

The EU's 2035 ban on internal combustion engine cars should be upheld, the commissioner-designate for sustainable tourism and transport said during his European Parliament hearing on Monday evening.

Spot Australian Carbon Credit Units (ACCUs) on Tuesday burst through the A$40 ($26.40) mark, trading as high as A$40.75 - a 4.5% increase on the previous day's closing price - amid bullish sentiment.

Expert analysis backs our policy and its benefits for the country. Defeatist critics should take note

• Ed Milband is secretary of state for energy security and net zero

Labour fought and won the last election on the argument that every family and business in the country was paying the price of the previous government’s failure to deliver clean homegrown energy for Britain.

Families and businesses know from the cost of living crisis that our dependence on fossil fuel markets controlled by dictators such as Putin left the UK vulnerable and exposed to energy price spikes, as well as the escalating costs of climate breakdown. We also know that the drive to clean energy represents the greatest economic opportunity of the 21st century. That is why the prime minister has put delivering clean power by 2030 at the heart of one of his five missions for government.

Ed Milband is secretary of state for energy security and net zero

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A Stockholm-based carbon accounting platform has acquired a fellow Nordic carbon accounting firm for an undisclosed amount, the company announced on Tuesday.

The development of trustworthy monitoring, reporting, and verification (MRV) tools is essential to grow the market for carbon removals, with digitalisation seen as key to speed up processes and ensure high integrity of carbon credits, policymakers say.

One of the largest banks in Japan will invest $20 million to take a minority equity stake in a London-based climate investment and advisory firm, the companies announced Monday.

Cubico project at Scout Moor near Greater Manchester could power the equivalent of 100,000 homes

Plans to build what would be the biggest onshore windfarm in England will move forward this week, the first since the Labour government lifted the de facto ban put in place by the Conservatives nine years ago.

An independent renewable energy developer has submitted plans to erect 21 wind turbines next to an existing windfarm near Greater Manchester.

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Thirty-seven Aboriginal and Torres Strait Islander leaders have been selected to attend a week-long intensive renewable energy training course.

The post Power makers: First Nations leaders take intensive renewable energy training course appeared first on RenewEconomy.

Turbine number 50 installed at what will be one of the biggest wind farms in Queensland, at least for a time.

The post Forrest-backed wind farm hits half-way mark as turbine number 50 goes up appeared first on RenewEconomy.