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Carbon project developer and biodiversity crediting entrant South Pole on Friday announced the launch of a restoration-focused ‘habitat bank’ in partnership with Colombian non-profit Salvamontes at COP16 in Cali.

An Oklahoma-based project developer has been issued nearly 1.9 million carbon credits for an orphan oil and gas wells plugging project in the US state.

A final agreement on the EU’s proposed Green Claims Directive is likely to be pushed back to next year, according to several European Parliament sources, a decision which voluntary carbon market participants say could extend current uncertainty in the market.

The board of the world’s largest dedicated climate fund, the Green Climate Fund, approved more than $1 billion in fresh funding at a meeting this week, it announced Friday.

A further 86 organisations have committed to report on their biodiversity impacts and dependencies under the Taskforce on Nature-related Financial Disclosures (TNFD), bringing the total to 502 adopters with $6.5 trillion in market capitalisation.

A global standard for biodiversity uplift has registered a first three restoration projects under its methodology.

Nearly halfway through its transitional phase, Europe’s Carbon Border Adjustment Mechanism (CBAM) has become a major driver of carbon market policy across Asia, attendees at an industry conference in New Delhi heard this week.

Danish steelmakers and other heavy industries exposed to international competition will benefit from a lower CO2 emissions tax regime under government plans to mitigate the risk of carbon leakage that received the green light from EU regulators on Friday.

Prices in China’s national emissions market hit a fresh all-time high over the past week amid stable trading volumes, buoyed by growing compliance demand. 

European carbon allowances were modestly weaker at midday on Friday, consolidating the gains made over the previous two sessions as traders speculated that the recent rally from the €60.00 level may have signalled the bottom of the market for the rest of the year, while UKAs extended Thursday's loss as government reform proposals revealed no new adjustments to the British market.

A Washington DC-headquartered clean cooking initiative has updated its cookstove methodology following a public comment period, the organisation announced on its website Wednesday.

The Clean Energy Regulator (CER) has published new emissions intensity data (EID) for facilities covered under the reformed Safeguard Mechanism in the lead up to the next compliance deadline in March, a move which experts said would help provide a guide on how many below baseline credits facilities are likely to generate. 

Researchers criticised and gaslighted after sharing fears with Guardian say acknowledging feelings is critical to their work

Climate scientists who were mocked and gaslighted after speaking up about their fears for the future have said acknowledging strong emotions is vital to their work.

The researchers said these feelings should not be suppressed in an attempt to reach supposed objectivity. Seeing climate experts’ fears and opinions about the climate crisis as irrelevant suggests science is separate from society and ultimately weakens it, they said.

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Subtle temperature difference between ‘ocean skin’ and water beneath found to drive more CO2 absorption

A sliver of cool surface water less than 2mm deep helps oceans absorb carbon dioxide, a British-led team of scientists has established after months of voyages across the Atlantic painstakingly measuring gas and temperature levels.

The subtle difference in temperature between the “ocean skin” and the layer of water beneath it creates an interface that leads to more CO2 being taken in, the scientists observed.

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Japan has given the green light to the registration of 18 projects under the J-Credit scheme, which are capable of generating nearly 1.2 million carbon credits over their lifetimes.

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

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Biotech giant’s alleged comments come as world leaders at Cop16 discuss how to share benefits from genetic code discoveries fairly

AstraZeneca has said it may cut jobs at its UK operation if the government enforces a global push to make companies share profits derived from nature’s genetic codes, multiple sources have told the Guardian.

The alleged comments from the company came amid a concerted lobbying push by the pharmaceutical industry against the profit-sharing measures.

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A fully recyclable cardboard trade show stand, a gutsy electric vehicle charger and plenty of products and ideas to decarbonise industry were seen by record crowds at All Energy 2024.

The post Huge crowds and new technology at All Energy point to scale of green energy transition appeared first on RenewEconomy.

Broken Hill has a big wind farm, a solar farm and a big battery, all of which are all looking pretty useless now. The battery, in particular, is not doing what it says on the box, and highlights industry frustration with the grid management process.

The post Broken Hill has a wind farm, a solar farm and a big battery. So, why are the lights out? appeared first on RenewEconomy.

Simon Emms from transmission company Electranet explains how the state has moved so quickly towards 100 per cent net renewables, and why so much industry wants to plug in. Plus: All Energy buzzes while gas lobby bleats.

The post Energy Insiders Podcast: From zero to renewable hero in 20 years appeared first on RenewEconomy.