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A UN-backed initiative is set to launch at this year's COP16 biodiversity summit to scale business models with the potential to drive private investment in nature conservation, in areas that could include biodiversity credits.

CME Group is delisting CBL Core Global Emissions Offset (C-GEO) futures, pending regulatory approval, it announced this week.

The CEO of German power utility RWE has called on policymakers to stop meddling with the EU's Emissions Trading Scheme (ETS), pointing the finger at a 2022 reform aimed at raising funds to help European countries exit Russian fossil fuels.

Legislated targets for sustainable aviation fuel (SAF) in the EU and UK should include sub-mandates for carbon removals to incentivise the scale up of the direct air capture (DAC) industry, said an executive at a conference on Wednesday, who also expressed hesitation about the benefits of integrating negative emissions into existing compliance carbon trading schemes in the region.

The European Commission vowed to “keep reflecting” on ways to make agriculture more sustainable and resilient to climate change, as experts delivered their final report on the future of EU agriculture in Brussels that struck a sceptical tone on carbon trading in the sector.

Members of the European Parliament on Wednesday ratcheted up pressure on China and oil-rich countries in the Middle East to start contributing more to international climate finance.

Six companies, both international and domestic, have applied to the Norwegian government to develop CO2 storage in the North Sea, after Oslo identified three areas in the Norwegian continental shelf.

England’s government plans to reduce its budget for environmentally sustainable farming by £100 million, according to an article published on Tuesday, in a move that has been slammed by onlookers.

A surge in data centre use will produce an estimated 2.5 billion tonnes of CO2-equivalent per year by 2030, according to research seen by Carbon Pulse, which in turn will drive strong growth in demand for carbon removals.

A government backed floating wave energy demonstration project is set to launch in the King George Sound off the southern coast of Western Australia.

The post Wave energy device ready for launch in Albany’s King George Sound appeared first on RenewEconomy.

European carbon slumped to a new five-week low on Wednesday morning, dismissing an increase in investment funds' short positioning as fundamentals remained gloomy and the overall market sentiment continued to worsen.

Dialogue with green groups results in agreement on ‘urgent, ambitious and feasible’ reforms in agriculture

Europe’s food and farming lobbies have recognised the need to eat less meat after hammering out a shared vision for the future of agriculture with green groups and other stakeholders.

The wide-ranging report calls for “urgent, ambitious and feasible” change in farm and food systems and acknowledges that Europeans eat more animal protein than scientists recommend. It says support is needed to rebalance diets toward plant-based proteins such as better education, stricter marketing and voluntary buyouts of farms in regions that intensively rear livestock.

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Australia’s switch to renewable energy and away from its legacy coal power has been gaining ground but more needs to be done, a report released Wednesday argued.

A blockchain-based metadata platform has set out a new strategic roadmap that aims to increase its data coverage, pilot new ways to ensure transparency and integrity, and help to operationalise Article 6 of the Paris Agreement, among other goals, it announced on Wednesday.

A venture fund managed by BNP Paribas Asset Management has raised €150 million to be invested in nature and climate startups across Europe and North America, it announced Tuesday.

Accounting for Nature (AFN) and the University of Oxford have launched a research collaboration to expand nature monitoring globally, with a particular focus on the UK and European contexts.

In his new book, the professor says nuclear is costly, risky and takes too long to scale up. Can he win over converts?

You’d be forgiven for thinking that the debate on nuclear power is pretty much settled. Sure, there are still some naysayers, but most reasonable people have come to realise that in an age of climate crisis, we need low-carbon nuclear energy – alongside wind and solar power – to help us transition away from fossil fuels. In 2016, 400 reactors were operating across 31 countries, with one estimate suggesting roughly the same number in operation in mid-2023, accounting for 9.2% of global commercial gross electricity generation. But what if this optimism were in fact wrong, and nuclear power can never live up to its promise? That is the argument MV Ramana, a physicist, makes in his new book. He says nuclear is costly, dangerous and takes too long to scale up. Nuclear, the work’s title reads, is not the solution.

This wasn’t the book Ramana, a professor at the University of British Columbia, planned to write. The problems with nuclear are so “obvious”, he wagered, they don’t need to be spelled out. But with the guidance of his editor, he realised his mistake. Even in the contemporary environmental movement, which emerged alongside the anti-war and anti-nuclear movements, there are converts. Prominent environmentalists, understandably desperate about the climate crisis, believe it is rational and reasonable to support nuclear power as part of our energy mix.

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A group of Korean companies have teamed up to develop a green methanol project that can turn a city known for abandoned coal mines into a new clean energy hub.

Climate activist one of six detained by police after students block university building in Danish capital

• Israel and Hamas at war – live updates

Danish police have arrested the environmental activist Greta Thunberg in Copenhagen at a protest against the war in Gaza, a spokesperson for the student group organising the demonstration has said.

Six people had been detained on Wednesday at the University of Copenhagen after 20 people blocked the entrance to a building and three entered, a police spokesperson said.

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A carbon removals developer has partnered with a digital monitoring, reporting, and verification (digital MRV) provider to implement the first project using a US-based standard's recently released biochar protocol.