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A French environmental company has moved one step closer to issuing water credits, as its methodology has been validated by an independent verification body following the launch of a pilot in Mexico.

One year after Ecuador’s debt-for-nature swap — the world’s largest to date — there is still no evidence that the country has operating procedures in place to allocate funds or guide investment, according to a report released by a Latin American debt justice NGO this month.

Australia’s budget will see another A$48 million ($31.7 mln) for reforms to the Australian Carbon Credit Unit (ACCU) scheme, in addition to billions of dollars in tax credits for critical minerals and green hydrogen development and another A$41 mln for a nature repair market, Treasurer Jim Chalmers announced on Tuesday.

Industries across Asia, especially in Malaysia, are aware of the EU’s Carbon Border Adjustment Mechanism (CBAM) but are not yet “ready enough” to face it, a project developer told a conference Tuesday.

A controversial carbon project developer in Malaysia on Tuesday said it has spent over a year on its free, prior, and informed consent (FPIC) process with local residents, but acknowledged that some affected communities still do not know about its work.

Neoen to build one of world's biggest batteries to time-shift excess nuclear power in the Canadian state of Ontario. Who knew nuclear grids need battery storage?

The post Neoen to build its biggest battery to shift energy to evening peak in nuclear-dominated Ontario appeared first on RenewEconomy.

Governments, international organisations, and private sector donors have pledged $2.2 billion to provide clean cooking for all in Africa by 2030 at a summit in Paris on Tuesday, with voluntary carbon finance cited as a key means of reaching this target.

Indonesian venture builder Terratai has invested in Dutch cosmetics company Forestwise to help establish a market for a more sustainable alternative to cocoa butter, in a bid to tackle deforestation.

The Emissions Trading Scheme (ETS), widely regarded as the crown jewel of the EU’s climate policy, is becoming more complex as new sectors are added and additional measures are taken to address the scheme’s socio-economic impact, according to a new report released today.

A new national food security report finds the UK is too reliant on imports of fruit and vegetables.

Chinese regulators have released a set of basic rules for the operations of the domestic power markets, as the country continues to push for a transition towards market-based electricity pricing while supporting the development of renewable energy, a move observers say is crucial for the effectiveness of the national ETS.

Ireland is guiding a group of EU member states seeking to rescue a proposed law to restore at least 20% of the bloc's land and sea areas by 2030, following a year of back and forth between co-legislators.

A group of tech companies on Tuesday announced the launch of the Nature Tech Alliance, a global partnership to help businesses understand, manage, and reduce their impact on nature.

European carbon prices rallied on Tuesday morning after dropping by 6.2% in the previous two sessions, after the daily auction triggered sustained technical buying that drove the market up by €2.00 in two hours, while energy markets also snapped their two-day losing streak.

A Brazilian fintech startup has announced the issuance of 1.6 million carbon tokens, each representing one tonne of CO2 and encompassing water, soil, and biodiversity co-benefits.

IPS report says replacement fuels well off track to replace kerosene within timeframe needed to avert climate disaster

Hopes that replacement fuels for airplanes will slash carbon pollution are misguided and support for these alternatives could even worsen the climate crisis, a new report has warned.

There is currently “no realistic or scalable alternative” to standard kerosene-based jet fuels, and touted “sustainable aviation fuels” are well off track to replace them in a timeframe needed to avert dangerous climate change, despite public subsidies, the report by the Institute for Policy Studies, a progressive thinktank, found.

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Budget promises $6.7 billion for green hydrogen over a decade, as well as more billions for solar, batteries, critical minerals and household energy rebates.

The post Labor budget pledges billions to green hydrogen, solar, batteries and household rebates appeared first on RenewEconomy.

Farmer confidence at low ebb amid fears for their future as experts say extreme weather will hit crop yields

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Rishi Sunak will launch his food security index to farmers on Tuesday, as experts predict extreme weather this year could cut UK self-sufficiency by 8%.

The prime minister is hosting a farm to fork summit at Downing Street and will say: “I know for many farmers the impact of adverse weather in recent months has made working the land even harder, but my message is clear, our support for you is unwavering and we will be with you every step of the way.”

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After issuing its draft decree on its nascent Article 6-linked carbon market last month, Laos is now holding a consultation on the subject for major stakeholders.

Carbon ratings firms are a sign that the voluntary market is maturing and can help bring price clarity to buyers, a representative of one agency told a conference Tuesday in defence against critics.