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Bloomberg Philanthropies and an investment management firm on Tuesday announced an initiative to scale the voluntary carbon market (VCM), mimicking other efforts over the past two years to provide standardised VER contracts while also increasing CO2 removal capacity.

A major carbon market registry has laid out a timeline for developing a forest protocol specific to one Central American country that will begin this month and wrap up in roughly a year. 

Santos indicates its decarbonisation efforts continue to creep forward, but told investors it will replenish and sustain its large-scale fossil fuels projects into the 2040s.

The post Santos splits future energy team, commits to large scale fossil fuels “into the 2040s” appeared first on RenewEconomy.

The Mexican environment ministry on Tuesday announced the country will submit an enhanced Paris Agreement pledge at the COP27 climate summit, with President Andres Manuel Lopez Obrador’s (AMLO) administration having come under legal challenges for backtracking on the nation's original commitment.

Private sector leaders, climate experts, not-for-profits, and other observers on Tuesday threw their weight beyond an initiative seeking to build credibility and trust around net zero commitments made by non-state actors.

Melanesia’s tropical islands are home to at least 700 species of frogs – many with tiny ranges. We must safeguard these biological treasures. Paul Oliver, Postdoctoral Researcher in Biodiversity and Evolution, Griffith University Deborah Bower, Lecturer in Ecosystem Rehabilitation, University of New England Licensed as Creative Commons – attribution, no derivatives.

An Africa-focused carbon removals certification body aims to launch by registering carbon credit-generating biochar facilities in December, the initiative's representatives told a panel at COp27 on Tuesday as experts touted the continent's potential to generate removals at scale.

Ukrainian president says Russia’s invasion has forced dozens of countries to resume coal-fired power to alleviate energy costs

• Cop27 live – latest news updates

The Ukrainian president, Volodymyr Zelenskiy, has told world leaders they will not be able to tackle the climate crisis unless Russia’s invasion of his country ends.

“There can be no effective climate policy without the peace,” he said in a video address at the Cop27 UN climate summit in Egypt on Tuesday. “The Russian war has brought about an energy crisis that has forced dozens of countries to resume coal-fired power generation in order to lower energy prices for their people, to lower prices that are shockingly rising due to deliberate Russian actions.”

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Giving up means "consigning us to a watery grave" Bahamas PM tells UN climate summit COP27.

If climate catastrophe is to be avoided, the governments and institutions of the rich west will have to alter their priorities

Making a transition away from fossil fuels and towards low-carbon energy is the only way to keep our planet safe and habitable for future generations. That transition has thankfully begun, but it has a vast distance to go. And the kinds of changes that are needed cost money. Development of new technology has always required investment. This applies to the generation of renewable energy, and to the myriad lifestyle changes that follow from the shift away from coal, oil and gas. Electric cars and other transport are one example. Packaging to replace plastic (which is derived from oil) is another. Resources are also required to protect societies from the harms caused by the global heating that has already happened, and to help them adjust to altered conditions.

A new report presented at the Cop27 UN climate summit says that about $2tn (£1.75tn) a year will be needed by 2030 if developing countries are to make the necessary changes. One of the authors, Nicholas Stern, pointed to a crucial role for the World Bank as well as western governments in redirecting finance and reducing the cost of capital for investors (banks typically charge higher interest on investments in poor countries, due to perceived risks).

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Climate campaigners appeal against plans for more flights after original council veto was overruled by central government

Expanding Bristol airport would lead to an unacceptable rise in carbon emissions, a court has heard.

The high court, sitting in Bristol on Tuesday and Wednesday, heard from climate campaigners challenging a central government decision to allow Bristol airport to expand its maximum capacity from 10 million to 12 million passengers a year.

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Mia Mottley has celebrated 'loss and damage' – the idea that rich countries, having emitted the most planet-warming gases, should pay poorer countries who are suffering from climate disasters they did not create – being added to the agenda of Cop27.

The prime minister of Barbados sees it as her mission to begin the restructuring of international financial institutions to hold them accountable for the climate crisis, and this summer held key meetings in Bridgetown, the Barbadian capital, aimed at developing new means of financing climate action

• Cop27: US: latest updates

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A senior investment banking executive has joined an Australian fund management company to help launch a new carbon credit fund.

Gabon has flagged the potential for a partnership with South Korea, whereby the African nation would provide carbon credits that is said could be used under Article 6.2 of the Paris Agreement to help meet climate goals.  

Record rainfall in a country used to sun is making many people low and anxious.

Reduced flock sizes and rising costs put pressure on supplies but retailers say they are working to minimise impact

British egg producers are warning of possible shortages, as farmers leave the industry or reduce the size of their flocks in the face of spiralling costs and uncertainty sparked by the spread of bird flu.

A third of farmers surveyed in recent days by the trade body the British Free Range Egg Producers Association (BFREPA) reported they had reduced the number of hens in their flock because egg prices meant they were unable to cover their costs.

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A major carbon project originator as struck a three-year deal to supply a European origination firm with offsets resulting from the rollout of hundreds of thousands of electric motorbikes in Africa.

President not expected to attend summit but critics cast doubt on veracity of pledges the country could make

• Cop27 live – latest news updates

Mexico, one of the world’s biggest greenhouse gas emitters, is expected to announce a hotchpot of old, inadequate and undeliverable climate pledges that will leave its Paris pledges in tatters, experts have warned.

Climate action has nosedived under the leadership of Andrés Manuel López Obrador, who had to be blocked from rolling back Mexico’s modest Paris greenhouse gas targets by the country’s supreme court, and emissions are rising.

A reduction in methane emissions from the state-owned oil company, Pemex – an important but existing target for which Pemex has been fined for non-compliance.

A 1,000MW state-opened solar plant – construction is already under way for a 180MW project, and the government had previously already ruled out further investment to expand the energy potential.

A lithium commitment. Mexico has the ninth-largest identified deposits of lithium – a crucial mineral for electric vehicles and other green technologies – but there has been no government investment so far in advancing extraction, and none is currently being mined. Experts say the country is years away from producing its first gram of lithium.

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Campaigners condemning ‘environmental vandalism’ say equivalent of five months of discharges made so far in November

Southern Water has discharged raw sewage for more than 3,700 hours at 83 bathing water beaches during the first eight days of November alone, according to company data analysed by campaigners.

Ed Acteson of SOS Whitstable, which has been monitoring the data, said in his experience the scale was equivalent to five months’ worth of discharges: “The Environment Act was supposed to herald a new era for the environment in Britain. But this is the worst I have ever seen sewage pollution in the south-east.”

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Arrest of pair capturing images of M25 protest condemned by British Press Photographers’ Association

The British Press Photographers’ Association has condemned the arrest of a photographer and documentary film-maker as they captured images of a Just Stop Oil protest.

Rich Felgate, a documentary maker, and Tom Bowles, the photographer, were arrested by a Hertfordshire police officer as they caught the action on a footbridge over the M25 on Monday.

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