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Washington's Department of Ecology (ECY) will prepare a number of recommendations for future cap-and-trade allowance distribution to 2050 for its emissions-intensive and trade-exposed (EITE) industries without WCI linkage considerations, staff told an advisory group on Wednesday.

One expert says climate targets can seem abstract but matter because they serve as an ‘investment signal’ to cashed up investors

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The UK’s announcement of an 81% emissions cut below 1990 levels by 2035 shows the Australian government should set an ambitious climate target that will quickly drive investment and create clean industries, experts say.

The UK prime minister, Keir Starmer, was praised by campaigners and experts after confirming the pledge at the Cop29 UN climate summit in Azerbaijan, though they said it would need to be backed by clear plans. The UK is one of the first larger countries to announce a 2035 target before a UN deadline next February.

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Brazil's Senate voted Wednesday to approve landmark national ETS legislation, overcoming nearly a full year of negotiations to pass a cap-and-trade scheme set to be the largest in Latin America.

The Supreme Court of the US (SCOTUS) this week rejected an effort from youth activists to reopen a lawsuit against the federal government for its alleged failure to address climate change.

Decentralised energy means small is cheaper, more efficient, more reliable and far more resilient. But incumbent utilities don’t want to change their ways, and regulators appear unwilling to change the rules.

The post Cheaper, more reliable, more efficient: It’s time to consider a bottom-up clean energy transition appeared first on RenewEconomy.

Shipping giant has placed an order for 20 wind-assisted propulsion systems to be installed on five of its medium range tankers in an effort to reduce CO2 emissions.

The post One of world’s largest shipping tanker operators signs up for wind-assisted propulsion systems appeared first on RenewEconomy.

A US-based provider of sustainable technology solutions on Wednesday launched a new request for proposals for CDR technologies, pledging a smoother and more expeditious experience for applicants.

An oil refinery based in Rio Grande, Brazil has signed an agreement with a Danish CO2 reduction tech firm to deploy the latter’s hydrotreating technology for the production of sustainable aviation fuel (SAF) and renewable diesel (RD).

Frequent fuel-reduction burning appears to prime ecosystems for major disruption when the next wildfire hits. Don Driscoll, Professor in Terrestrial Ecology, Deakin University Kristina J Macdonald, Postdoctoral research fellow, Charles Darwin University Licensed as Creative Commons – attribution, no derivatives.

A Montreal-based carbon removal project developer announced on Wednesday the sale of 10,000 CO2 removal (CDR) credits to its first buyers.

Exclusive: Mia Mottley, who has championed climate action, says she would seek common ground with US president-elect

Mia Mottley, the climate-championing prime minister of Barbados, has invited Donald Trump to a face-to-face meeting where she would seek “common ground” and persuade him that climate action was in his own interests.

“Let us find a common purpose in saving the planet and saving livelihoods,” she told the Guardian at the UN’s Cop29 climate summit in Azerbaijan. “We are human beings and we have the capacity to meet face-to-face, in spite of our differences. We want humanity to survive. And the evidence [of the climate crisis] we are seeing almost weekly now.”

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South Africa is looking to introduce sweeping changes to boost phase two of its carbon tax scheme, mandating a much higher level of domestic carbon credit use for mitigation, as it seeks to align its climate policies with the Paris Agreement, a public consultation paper has revealed.

Brazil submitted its nationally determined contribution (NDC) plan that entails reducing emission by up to two-thirds to the UNFCCC at COP29 on Wednesday, but observers cautioned that the country needs to take steps to ensure its ambitions are met.

US-based environmental credit platform Regen Network Development and Colombia-based developer Terrasos have partnered to create a new blockchain-based system for enabling transparent sales of biodiversity credits.

The carbon project rating agency BeZero Carbon underscored the need for a major overhaul of carbon market registry infrastructure before carbon trades under Article 6 should begin moving.

Move adds to concerns about the stability of the Paris agreement after the election in the US of Donald Trump

• Cop29 climate summit – live updates

Argentinian negotiators representing the government of the climate science denier Javier Milei have been ordered to withdraw from the Cop29 summit after only three days, adding to concerns about the stability of the Paris agreement.

More than 80 representatives from the South American country are in Baku, Azerbaijan, for two weeks of negotiations about climate finance for the energy transition. Argentina’s far-right leader has previously called the climate crisis a “socialist lie”, and during his election campaign last year he threatened to withdraw from the Paris agreement, though he has since backed down.

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The three presidents making up the so-called Troika on Wednesday urged countries to come up with ambitious new Nationally Determined Contributions (NDCs), despite COP host Azerbaijan yet to release one, and the country’s president declaring its oil and gas resources a “gift of the god”.

The finance chief of large German utility RWE has urged Germany to ditch its hydrogen condition for new gas-fired power plants due to near-term capacity needs.

Ukraine can sell its emission reductions through the nascent Article 6.2 international market as it gradually establishes a national carbon trading scheme and pursues a link-up with the EU ETS, experts said on the sidelines of the COP29 summit.

Financial institutions should be aware of the shortcomings of a corporate forestry data platform called Forest IQ, a new study has said, drawing attention to the risk that it could generate misleading results, though it remains a good starting point.