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UAE climate envoy Ahmed Al Jaber on Tuesday backed a move to phase out "fossil fuel emissions" ahead of his country's hosting of the UN COP28 summit later this year, as well as a tripling of global renewable capacity.

A carbon offset project developer said it has notched an jump in its forward sales of more than €1 mln, drawing from an estimated 40 mln credits in its project pipeline.

A cross-stakeholder group on Tuesday announced new timelines for its Claims Code to guide corporates’ use of voluntary carbon credits, aiming to tackle environmental integrity in the demand side of the market.

Cop28 president Sultan Al Jaber says summit in Dubai in November will dedicate a day to health

The next UN climate summit will be the first to consider health issues in depth, with a meeting of global health ministers to highlight the consequences of the climate crisis for wellbeing.

Sultan Al Jaber, the president of Cop28, which will take place in Dubai this November, said on Tuesday: “We will be the first Cop to dedicate a day to health and the first to host a health and climate ministerial. And we need to broaden our definition of adaptation to enable global climate resilience, transform food systems and enhance forestry land use and water management.”

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Renewable energy covered about half of electricity consumption in Germany during the first three months of 2023.

The post appeared first on RenewEconomy.

Queensland registers a big leap in the share of large scale solar in its grid, with its peak now higher than South Australia and NSW.

The post Sunshine state sets a new solar generation record, in late autumn appeared first on RenewEconomy.

EUAs jumped substantially on Tuesday morning after the European Commission issued an update on progress to enable auctions from the Innovation Fund to help finance the REPowerEU initiative, with prices rising as much as 5.5% in busy trading.

India’s forthcoming carbon market will have no problem on the supply-side but demand for carbon credits could be an issue as the world’s third-largest emitter makes moves towards a fully operational market later this decade, panellists told the Carbon Forward Asia conference on Tuesday.

The UK government has launched a new bid to boost biodiversity recovery in its overseas territories, with large-scale projects funded for the first time to tackle nature loss, it said in a release.

A nature capital alliance in partnership with a UK-government fund, has opened a call for applicants from ocean-based projects, as it aims to drive investment of over $500 million into the space by 2030. 

Chinese regulators will likely prioritise to nature-based solutions (NBS) and small-scale renewable energy projects once the national offset programme is brought back to life given growing concerns over additionality, experts told a conference in Singapore Tuesday.

Additional sales of EU Allowances from the Innovation Fund for the bloc's REPowerEU plan will only start in 2024 after the auctioning regulation is updated, a source at the European Commission told Carbon Pulse on Tuesday, thereby withholding up to 40 million tonnes in additional market supply that had been anticipated by experts this year.

Governments seeking to regulate corporate climate claims in a bid to clamp down on greenwashing risks creating conflicting messages from global companies that span different jurisdictions, VCM panellists told the Carbon Forward Asia conference in Singapore on Tuesday.

A US-based forest carbon tech firm is stepping back from project development and shifting strategic focus, laying off nearly half of its remaining workforce after making similar cuts last year amid the global voluntary carbon market downturn.

The independent Papua New Guinea Biodiversity and Climate Fund has issued a second funding call for projects aiming to earn protected area status and help the megadiverse country reach its international biodiversity commitments.

An asset management company has partnered with a fintech firm to invest in a Cambodian biochar facility that will then advance purchase the resulting 16,000 carbon removal units in the project's first phase, the firms said in a release.

UNSW incubator wing to provide seed investment, mentoring and industry access for six Australian start-ups that demonstrate significant climate impact.

The post UNSW launches new clean energy start-up accelerator, Climate 10x appeared first on RenewEconomy.

Countries in a position to export carbon credits, especially in the Asia-Pacific region, are increasingly willing to participate in international carbon trading under the Paris Agreement but will need assistance with the complex rules as well as how to go about their implementation, panellists at the Carbon Forward Asia conference said on Tuesday.

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Brad Hopkins from AEMO Services discusses the stunning results of the first NSW generation and storage tender, and what it means for the market.

The post Energy Insiders Podcast: Batteries and pumped hydro fight over coal succession plans appeared first on RenewEconomy.