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The European aviation sector will need an extra €820 billion in funding if it is to reach its net zero emissions goal by 2050, according to an industry-commissioned report released on Wednesday.

Sadiq Khan to press on with plans for ultra-low emission zone despite challenge being allowed to proceed

A legal challenge to the expansion of London’s ultra-low emission zone will be heard in the high court later this year, after a judgment permitted councils to proceed.

The city’s mayor, Sadiq Khan, vowed to press on regardless with plans to extend the Ulez, which he has argued is needed to tackle toxic air that is responsible for thousands of premature deaths a year.

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A carbon removal accelerator backed by the EU has launched a rebrand and a fresh call for applications having secured new funding partners as it aims to "double down" on supporting startups in the space.

A conditional award of the right to manage 50,000 hectares of land in Gabon for carbon credit afforestation purposes has opened a door for a British forestry and timber trading company to enter the emerging market for biodiversity credits.

ACT chooses Macquarie's new battery group Eku Energy to build one of the biggest batteries in Australia, rather than go with a network of smaller installations.

The post Macquarie’s Eku Energy chosen for massive 500MWh Canberra big battery appeared first on RenewEconomy.

Analysis suggests government policies would achieve reduction less than half target of 30% by 2030

The UK is still well off track on meeting its international commitments to cut methane emissions, analysis has shown, despite moves to stop cows from belching out so much of it.

Ministers unveiled a host of initiatives to reduce UK greenhouse gas emissions in the government’s “green day” of energy announcements more than a week ago, including plans to introduce methane-suppressing feed for livestock from 2025, and to stop biodegradable waste going to landfill from 2028.

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Report says revenues raised from a gradually imposed fuel tax could be used to transition to low-carbon fisheries

The EU lavished up to €15.7bn in fossil fuel subsidies on its fishing industry over the last decade but campaigners are calling for those funds to be redirected towards decarbonisation.

Fuel tax exemptions for the fishing industry save so much money that they could pay the salaries of 20,000 fishers every year – or pay for 6,000 new energy reduction and decarbonisation projects, according to an analysis.

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A Zurich-based startup has raised $1.8 million in pre-seed funding to help it build a regenerative forest investment platform for the voluntary carbon market (VCM).

Pembrokeshire couple intrigued to discover what was causing damage catches culprit on stealth camera

Creeping through the darkness, the midnight vandal fells yet another tree with “machete-like” skill.

On a hidden camera planted in their garden, a couple whose trees disappeared from their garden “overnight” have unmasked the unlikely culprit: the first wild beaver spotted in Wales in years.

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European carbon prices slumped on Wednesday after the daily allowance auction cleared at a discount to the spot market for the first time in nearly two weeks, signalling a drop in prompt demand, while gas and power prices were little changed amid a largely sideways outlook for energy fundamentals.

A Dutch nature-based solutions developer with a growing portfolio of forestry-based carbon projects in Africa has plans to set up a platform before the end of the year through which it will sell tailor-made biodiversity credits.

Singapore-based AirCarbon Exchange (ACX) has signed a Memorandum of Understanding (MoU) with the Natural Capital Credit Consortium (NCCC) in Japan to collaborate on the development of Japan's voluntary carbon market, according to a press release Wednesday.

Two blockchain firms have announced a partnership that will enable a two-way bridge for tokenised Toucan Protocol carbon credits across their networks in a move that aims to eliminate fears of double counting and drive liquidity in the crypto carbon space.

South Korea’s monthly CO2 auction cleared on Wednesday at a price slightly above March’s sale, though still failed to sell out amid bearish sentiment that could last throughout the remainder of the 2022 compliance year.

A capital markets technology platform has teamed up with a startup involved in oceanic carbon capture to pioneer a new technology to trap CO2 emissions for sequestration, they announced on Wednesday.

Proposal expected to be unveiled on Wednesday would require at least 54% of new vehicles sold in US to be electric by 2030

The Biden administration will propose strict new automobile pollution limits requiring that all-electric vehicles account for as many as two of every three new vehicles sold in the US by 2032 in a plan that would transform the US auto industry.

Under the proposed regulation, expected to be released by the Environmental Protection Agency (EPA) on Wednesday, greenhouse gas emissions for the 2027 through 2032 model years for passenger vehicles would be limited to even stricter levels than the auto industry agreed to in 2021.

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Greenpeace report finds heavy machinery made by South Korean firm contributing to destruction of Brazilian rainforest

Hyundai is being urged to prevent its heavy machinery products from being used in illegal mining and environmental destruction in the Brazilian Amazon.

A report published by Greenpeace on Wednesday found the South Korean conglomerate’s excavators and other heavy machinery are precipitating the destruction of the rainforest and putting the survival of Indigenous populations at risk.

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China has released a set of guidelines for government agencies and companies to evaluate risk and compile feasibility studies of their investments, recommending them to include emissions analysis and corresponding solutions from May onwards.

Leading container shipping company CMA CGM ordered 16 large dual-fuel container ships this week from China State Shipbuilding Corporation that can be powered by either methanol or LNG, with non-profit groups welcoming the accelerated move towards greener fuels but also warning the industry from deploying LNG-fuelled ships as a shorter-term measure to reduce dependence on dirty fuel oil.

The Island-Ocean Connection Challenge (IOCC) has picked a first batch of eight Pacific islands for ecosystem restoration projects, with a view to expanding that number to 40 by the end of the decade.