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The founder of a startup claiming to be the first digital currency backed by carbon credits believes their firm's solution can set the tone for large-scale growth of the innovative climate finance tool.

An estimated 721,000 hectares of forest in Indonesia have been cleared for mining between 2001 and 2023, including 150,000 ha of primary forest, an analysis has found.

Relocation outside of the bloc and circumvention of the taxonomy are two responses likely to be taken by companies when the true financial impact of the EU’s Carbon Border Adjustment Mechanism (CBAM) starts to kick in later this decade, in addition to securing supplies of low-carbon materials, according to an expert at a global consultancy.

The European Commission’s trade directorate is currently looking at adjustments to the EU’s CO2 border tax and anti-deforestation laws in order to avoid alienating foreign countries whose cooperation is needed to enforce the legislation, a senior EU official has said.

The UK Labour party, following its election victory, must take steps to allow the private sector to engage with the nutrient neutrality scheme, said an expert whose company has had to halt around 15 such schemes due to uncertainty.

Liberia has set up an expert group to help the African country move forward on carbon markets legislation, following a government meeting this week, local media reported, with a moratorium on market activity in discussion until a framework has been put in place.

Pressure had mounted on Luiz Amaral, the former chief executive of the Science Based Targets initiative (SBTi), from the organisation’s own technical group before he decided to step down from his role for personal reasons this week, an internal letter seen by Bloomberg has revealed.

European carbon prices traded in a tightly-defined range for a third session as the summer holiday season swung into its peak period, with technical support and resistance levels compressing slightly as the market's volatility has calmed, while UK Allowances were little changed after a landslide election result ushered in a centre-left government that is expected to increase action on climate issues.

The European Commission must develop a heating and cooling plan in order to meet its 2030 decarbonisation goals and prepare for the introduction of a dedicated Emissions Trading Scheme (ETS) for heating and transport, a coalition said this week.

The Vietnamese government has proposed tax exemptions on revenue earned through carbon credits and green bond interest in an effort to bolster the development of its domestic carbon market, local media reported Friday.

The deployment at scale of carbon capture and storage (CCS) across Europe will require stronger cross-border connections, with CO2 transport pipelines and regulated markets seen as the next big challenge by industry experts.

China's national carbon market saw its price continue to fall over the past week with shrinking liquidity, though observers expect a resurgence in trading activity in the coming months after the government finally released a draft allocation plan for 2023 and 2024 this week.

Credits in forest conservation can become "trailblazers" for high integrity, despite being the focus of multiple scandals over the past few years, an expert in nature-based solutions has told Carbon Pulse.

Papua New Guinea will introduce a 7% fee on the proceeds of carbon credit sales this month, the government has announced, in order to raise desperately needed cash from mitigation and adaptation activities.

Working group to look at where birds might be introduced and engage with boroughs and local community in capital

White storks could soon be wheeling in the skies above London and building their huge nests among towers, flats and spires as a result of new rewilding plans.

After the success of the charismatic birds’ successful reintroduction into southern England since 2016, a white stork working group has been established to seek out habitat and gauge the political will to reintroduce the birds to Greater London.

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Labour’s victory, alongside strong Green performance, gives next PM mandate to act boldly on net zero, say campaigners

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Labour’s victory in the general election must mark the start of the UK’s transformation to a green and low-carbon economy and society, campaigners and experts have said as the scale of the election win became clear.

The Conservatives’ U-turns on the environment had been “as popular with voters as a root canal”, according to Greenpeace, as the party sank to its worst electoral defeat in modern times.

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Plan Vivo has updated its carbon credit standard and opened it for public consultation ahead of submitting its application to the Integrity Council for the Voluntary Carbon Market (ICVCM) to comply with the Core Carbon Principles (CCP).

The best of this week’s wildlife photographs from around the world

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Chinese steelmakers could reduce the costs they have to pay under the EU's Carbon Border Adjustment Mechanism (CBAM) by more than 70% if they implement timely emissions reduction measures, a report has found.

One of Australia's most hotly contested wind projects takes interesting turn, as developer fights for more turbines, and planning authorities grapple with cost assessments and phantom dwellings.

The post Fate of contested Hills of Gold wind project delayed again as developer fights for more turbines appeared first on RenewEconomy.