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Small island developing states (SIDS) in the Pacific and Caribbean are seeing an exodus of international financial institutions, while correspondent banking relationships (CBRs) granting local banks access to capital markets have also evaporated, posing challenges for the development of Article 6 projects in the region.

European carbon allowance prices surged for a third day, reaching a new 15-month high as EUAs tracked gains in TTF natural gas and German power, while UKAs climbed to a six-month high as buying activity gathered pace.

Norway’s rainforest protection initiative is preparing to launch a new phase of its satellite data programme later this year to strengthen monitoring of deforestation, forest degradation, and biodiversity in tropical forests, the government announced this week.

An AI-powered business intelligence unit launched on Thursday to help private organisations take action on nature, including exploring opportunities in the nascent biodiversity credit market.

A Zurich-based startup has raised $16 million in seed funding to scale its economically sustainable technology aimed at destroying per- and polyfluoroalkyl substances (PFAS) molecules from wastewater, the company announced Thursday.

A 500 MWh vanadium flow battery - the biggest in Australia - has been promised for the mining town of Kalgoorlie in a new state election pledge.

The post Biggest vanadium flow battery in Australia promised for ailing Kalgoorlie grid appeared first on RenewEconomy.

The Jakarta metropolitan region, accounting for nearly 5% of Indonesia’s emissions, is considering launching its own carbon pricing mechanism and achieve net zero status by 2050, according to documents from the Asian Development Bank (ADB).

Japan’s Nippon Steel said Thursday it will supply a form of lower carbon steel to Singapore’s Hupsteel, one of the largest wholesalers in the city-state, although Japanese environmental groups take issue with this particular type of carbon accounting.

Court of session says UK government go-ahead for Rosebank and Jackdaw permits does not take into account carbon emissions

The decision to greenlight a giant new oilfield off Shetland has been ruled unlawful by the courts in a major win for environmental campaigners.

The proposed Rosebank development – the UK’s biggest untapped oilfield – had been given the go-ahead in 2023 under the previous government.

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Global energy transition investment surpassed $2 trillion for the first time, led by China, which is investing at more than twice the rate of any other economy, according to a new report published Thursday.

New Zealand on Thursday announced its nationally determined contribution (NDC) for 2035, modestly deepening its emissions reductions goal while switching to a single-year target from a multi-year one in the current decade.

Protecting and restoring Southeast Asia's peat swamp forests and mangroves could reduce the region's land use carbon emissions by approximately 54%, despite these ecosystems covering only 5.4% of the region's land area, a study has found.

The European Commission will consider enhanced rock weathering (ERW) among other permanent removal techniques under the EU's Carbon Removals and Carbon Farming Certification (CRCF) Regulation.

Our rivers, our wildlife, the air we breathe: the government is sacrificing all to the insatiable god of GDP – and mocking our objections

I can scarcely believe I’m writing this, but it’s hard to dodge the conclusion. After 14 years of environmental vandalism, it might have seemed impossible for Labour to offer anything but improvement. But on green issues, this government is worse than the Tories.

The last prime minister to insist that growth should override every other consideration, and to fling insults at anyone who disagreed, was Liz Truss. She called those of us seeking to defend the living world an “anti-growth coalition”, “voices of decline” and “enemies of enterprise” who “don’t understand aspiration”.

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The growth of big battery projects – fuelled by falling costs and growing needs – is one of the dominant features of the Australian green energy transition, and with each passing quarter their impact on the grid is becoming increasingly obvious. It has now emerged that big batteries have already become the second biggest player […]

The post Big batteries boost profits and charge past gas to become second biggest player in evening peaks appeared first on RenewEconomy.

A $230 million project investigating ways to make extracting future materials more sustainable will bring together five research groups from five continents, including one from Australia.

The post Australian university joins $230m future materials project backed by mining giant appeared first on RenewEconomy.

A provision in South Australia’s proposed Biodiversity Act could see the legislation disregarded completely at the government’s discretion, according to a land conservation group urging it to be removed.

Vast swathes of UK peatlands are likely to be unsuitable for peat accumulation in less than 40 years' time due to climate change, with the Flow Country, Dartmoor, and the Peak District particularly at risk, a new study has found.

Australia’s electricity market is old, outdated and not doing enough to drive investment in the renewable energy needed for the country to hit its climate targets.

The post “Like a Corolla with racing tyres:” Why Australia’s outdated electricity market fails renewables appeared first on RenewEconomy.

Analysts have kept their bearish UK Allowance outlook for the year ahead due to the policy uncertainty and oversupply that continue to hang over the market, revising down forecasts for benchmark futures prices by around 5% compared to previous polling.