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UK power company Drax has launched a new US-based subsidiary at New York Climate Week that will spearhead its plans to become a global leader in bioenergy with carbon capture and storage (BECCS).

A Brazilian state has agreed a deal worth an estimated $180 million to sell jurisdictional REDD+ credits to a public-private forest finance coalition.

An open-access data platform has launched a tool aimed at enabling companies, financial institutions, and governments to better understand their impact on nature, it announced Tuesday during Climate Week NYC.

Talks starting next week at the International Maritime Organisation (IMO) on whether to introduce a global greenhouse gas levy and a goal-based fuel standard for the shipping sector are unlikely to yield significant advances, according to people close to the negotiations.

EU default values that convert business spend into Scope 3 emissions are outdated, inaccurate, and “need to be avoided at all costs” for firms doing mandatory reporting, according to the head scientist at a proprietary emissions factor database.

European carbon allowances held firm, trading in a thin range on Tuesday morning, even as gas eased lower with traders still awaiting clarity on a possible Azeri-Ukraine transit deal, while EUAs were said to be supported by some late compliance buying ahead of next week's deadline, with participants keeping close to key price points in anticipation of Wednesday's options expiry.

The Science Based Targets Network (SBTN) outlined the outcomes of its first corporate pilot for nature targets, with some companies gearing up for adopting their drafts, in a report published on Monday.

At least $1.67 billion have been allocated to nature-based solutions (NbS) in Brazil and the Caribbean over the past year, with agriculture-focused solutions seen as the top priority, according to a report released this week.

US-based environmental credit platform Regen Network Development aims to expand the scope of what can be listed on its registry beyond credits in its next version.

With a central EU carbon removal registry due to be established by the end of 2028, experts this week discussed rules to ensure a smooth  exchange of data and avoid issues such as the double counting of carbon credits.

Exclusive: council issues advisory as investigation begins and documents reveal estimates of PFOA emissions

People living near a chemicals plant in Lancashire have been told to wash and peel vegetables from their gardens before eating them, while an investigation into potential contamination of soil in the area with a banned toxic chemical gets under way.

The chemical PFOA, one of the PFAS family of about 15,000 chemicals, does not break down in the environment and last year was categorised as a human carcinogen by the World Health Organization. It is also toxic to reproduction and has been linked to a range of health problems such as thyroid disease and increased cholesterol.

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There is significantly more willingness for EU-UK collaboration on carbon capture and storage (CCS) since the Labour party was elected to office in July, an executive at a European CCS lobby group told Carbon Pulse, saying they expected joint announcements on cooperation in the coming months.

Singapore's DBS bank announced Tuesday it will offer financing and hedging services for allowances under the EU  Emissions Trading Scheme (EU ETS) as shipping companies outside the EU are now included in emissions calculations, becoming the first Southeast Asian bank to do so.

The Secretariat of the ART carbon credit standard on Tuesday announced it has approved a listing for a Brazilian state under its TREES jurisdictional certification programme.

A forest carbon data provider has suspended its collaboration with a non-profit based in the Democratic Republic of Congo (DRC) following questions regarding the organisation’s agreements with the government of DRC and concessions for carbon credit development in the country.

The Shanghai government will auction off 2.8 million carbon allowances under the local emissions trading scheme a the end of this month to ensure regulated emitters can meet their compliance requirements.

Norwegians are putting their natural environment (and weekend activities) ahead of tourism’s economic benefits

In Norway, nature is something of a national obsession. Norwegian children are taught that “there is no such thing as bad weather, only bad clothing”, and Norwegian babies are packed into thermals and overalls and taken on day trips to the woods. Cross-country skiing, hunting for wild mushrooms or cloudberries, or huffing and puffing up a mountain are standard weekend activities.

The recent decision to scrap a campaign that aimed to attract more foreign tourists to the country’s rural landscapes was a stark reminder of this: rather than encouraging tourists and the income they provide, many Norwegians would prefer to protect their natural environment.

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In move to address plunging grid demand in the middle of the day, market operator may force big batteries to discharge and stand by on empty as alternative to switching off rooftop solar.

The post Not enough demand: Big batteries may be told to stand by on empty to avoid rooftop solar switch-off appeared first on RenewEconomy.

The world is on track to miss the clean energy targets agreed at COP28 without stronger and more urgent action, according to a new report.

The last coal-fired power station in the UK will close within days, nearly 143 years after the world’s first coal-fired power station began operating in nearby London.

The post Last coal power station in UK prepares to close appeared first on RenewEconomy.