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The Democratic Republic of Congo (DRC) will create a protected area the size of France to protect its tropical rainforest, the country announced in Davos Wednesday, which will include raising finance via carbon markets.

A unified global carbon market under Article 6 of the Paris Agreement is essential for meeting climate goals, but clear governance and regulations are needed to build trust and drive investment, speakers told a panel at the World Economic Forum (WEF) in Davos.

An Indian non-profit is working to establish the country’s first indigenous registry for the voluntary carbon market, its executives told Carbon Pulse in an interview.

Nature needs to be priced into the economic system so its protection can be prioritised, as change is not happening fast enough, an executive at Deutsche Bank has said.

A major US philanthropic foundation is throwing its support behind the Taskforce on Nature-related Financial Disclosures (TNFD) with $500,000 in grants, it announced Wednesday.

Egypt has formed an advisory group for the body already tasked with supervising its regulated voluntary carbon market (VCM) model, according to local media.

The first auction for Phase 1 CORSIA-eligible credits saw airlines snap up units at $21.70 per tonne, organising trade body the International Air Transport Association (IATA) confirmed Wednesday.

Turkiye’s governing Justice and Development (AK) Party is preparing to introduce national climate legislation to the Grand National Assembly (TBMM) that would propose establishing a carbon border adjustment mechanism (CBAM) import levy alongside the country’s planned emissions trading system (ETS), according to local media reports.

Danish credit institutions are well-equipped to manage losses arising from the implementation of the country's new carbon tax on agriculture, according to a report from the country's central bank.

A Swedish company plans to collaborate with European institutions to help shape an EU-level nature market, with its biodiversity credit methodology among those that could be used under the scheme, its CEO told Carbon Pulse.

Creating industrial clusters can help to accelerate the rollout of clean energy infrastructure, helping to achieve economies of scale, share the risks, aggregate and optimise demand, and attract capital, according to a report released on Wednesday.

European carbon allowance prices weakened on Wednesday morning as the market appeared unable to shake off growing bearish sentiment, while the weekly Commitment of Traders data showed investment funds last week amassed their largest net long position in nearly three years.

Representatives of Heartland Institute linking up with MEPs to campaign against environmental policies

Climate science deniers from a US-based thinktank have been working with rightwing politicians in Europe to campaign against environmental policies, the Guardian can reveal.

MEPs have been accused of “rolling out the red carpet for climate deniers” to give them a platform in the European parliament, amid warnings of a “revival of grotesque climate denialism”.

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A developer of direct air capture (DAC) technology has signed an agreement with Shell US Gas and Power and the American arm of Mitsubishi Corp. to act as a key technology provider for the Pelican – Gulf Coast Carbon Removal DAC Hub in Louisiana.

Some areas of the Amazon experienced their worst drought in 120 years in 2024. Brazilian rivers such as the Negro fell to their lowest levels on record, affecting more than 140,000 families for months.
Photographer Musuk Nolte documented the crisis

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The UK natural asset manager Crown Estate has announced £20 million ($25 mln) in funding to support farmers in enhancing nature recovery as part of its broader biodiversity strategy.

The European Commission’s upcoming ‘competitiveness compass’, due to be presented next week, will serve as the “North Star” for EU policymaking in the next five years, and include a joint roadmap for decarbonisation and competitiveness, said Commission President Ursula von der Leyen.

Microsoft will buy an estimated $200 million worth of credits to restore parts of Brazil’s Amazon and Atlantic forests, the tech giant told the Financial Times, amid a surge in emissions driven by artificial intelligence.

In a decision Woodside says is "not particularly" related to America's new fossil fuel focus, the Australian oil and gas major has marched back its US "new energy" plans.

The post Woodside quits US concentrated solar project, puts green hydrogen plans on hold appeared first on RenewEconomy.

France-based bank BNP Paribas has recommended two metrics for assessing the impacts of human activity on rare species, in a bid to get a more complete picture of biodiversity.