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The UK's greenhouse gas emissions fell by 5.4% in 2023, according to government data published Thursday, mainly driven lower by a reduction in gas use for power production covered by the country's carbon market.

As companies prepare for the start of the ETS2 in 2027, there are currently no possibilities for them to hedge against rising CO2 prices on the EU’s newly-created carbon market for transport and heating fuels, writes a prominent carbon market analyst.

European carbon prices eased marginally lower on Thursday morning after initial strength, with energy markets also falling and the daily auction clearing below the spot value, as traders await the publication of verified emissions data next week.

A group of British and EU business and trade associations have called on the UK’s energy minister to initiate negotiations with Brussels to link the two compliance carbon markets as a matter of urgency.

The NGO Transport & Environment is standing firm on claims that AP Moller-Maersk is charging customers more than the actual cost of complying with the EU ETS, after updating its analysis in response to pushback from the Danish major. 

Chinese carbon allowances hit another record high secondary market spot price on Thursday, as optimism remains over upcoming regulatory updates including sectoral expansion of the emissions trading scheme.

By 2050, solar should provide most of our electricity – but only if we have enough panels. Can they be made in Australia?

The post Could $1 billion actually bring solar manufacturing back to Australia? It’s worth a shot appeared first on RenewEconomy.

The committee steering Japan’s J-Credit programme is considering strengthening data reporting requirements for an increasingly popular rice-focused methodology to ensure credit quality.

An Australian environmental conservation organisation is seeking local government funding to establish environmental accounts that could inform biodiversity pilot projects, create jobs, and spur conservation efforts for the region.

Households worldwide squandered over one billion meals a day in 2022, as challenges in reducing food waste threaten to hold back progress towards achieving global biodiversity targets, a UN Environment Programme (UNEP) report has said.

Safeguard Mechanism data published by Australia’s Clean Energy Regulator Thursday showed facilities covered by the scheme surrendered 1.218 million Australian Carbon Credit Units 2022-23.

EU carbon prices have probably not seen their multi-year bottom yet and will likely head south again to re-test the key €50 level in the coming months, a veteran market analyst told Carbon Pulse.

A Texas-headquartered oil tech company will acquire majority ownership in a Norwegian carbon capture firm to accelerate industrial decarbonisation, it announced Wednesday.

World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds

The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly approved projects by the end of this decade, with the US leading the way in a surge of activity that threatens to blow apart agreed climate goals, a new report has found.

There can be no new oil and gas infrastructure if the planet is to avoid careering past 1.5C (2.7F) of global heating, above pre-industrial times, the International Energy Agency (IEA) has previously stated. Breaching this warming threshold, agreed to by governments in the Paris climate agreement, will see ever worsening effects such as heatwaves, floods, drought and more, scientists have warned.

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What would it mean to bring solar manufacturing back on shore in Australia? Brett Hallam, Associate professor, UNSW Sydney Fiacre Rougieux, Senior Lecturer, Photovoltaic and Renewable Energy Engineering, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Marine protection represents our best strategy to reverse declining biodiversity. But protected areas also provide a low-tech and cost-effective way for the fishing industry to safeguard stocks. Mark John Costello, Professor, Faculty of Biosciences and Aquaculture, Nord University Licensed as Creative Commons – attribution, no derivatives.

The World Nature Photography award winners have been announced from a pool of entries from all corners of the globe – including a baby elephant in Kenya and an owl-like plant in Thailand. The top award and cash prize of $1,000 went to Tracey Lund from the UK for her image of two gannets under the water off the coast of the Shetland Islands. Lund and her fellow winners were drawn from thousands of images

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Tasmanian utility begins hunt for new CEO, following the news that current chief will step down from the role in October.

The post Hydro Tasmania on the hunt for a new CEO amid political and renewable turmoil appeared first on RenewEconomy.

A French biochar solution provider has secured a new funding round of €18 million with a government-backed fund in the hope of scaling carbon removal in emerging countries.

Our household hoards of unused electricals and broken tech are growing, recycling campaigners warn.