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Recent actions by Indonesia and Papua New Guinea to pause the authorisation of new voluntary carbon market (VCM) credits represent the start of country level accounting impacting the VCM, as the mechanisms laid out in Article 6 of the Paris Agreement begin to be implemented, writes Sebastien Cross of ratings firm BeZero Carbon.

The Brazilian government's bottom-up sectoral climate plan is set to drive domestic demand for offsets despite many details that are yet to be made clear, carbon project developers told Carbon Pulse.

Australia set a new record high for wind output early on Tuesday morning, bringing at least temporary relief from absurdly high electricity prices for some states.

The post Australia hits record high wind output, offering some relief from soaring market prices appeared first on RenewEconomy.

New report argues that Labor should focus less on poles and wires and more on putting together a national storage target to support the renewables transition.

The post Why Australia needs to create a renewable storage target appeared first on RenewEconomy.

The FIFA football World Cup to be held in Qatar in late 2022 aims to be the first to be carbon neutral, according to the event’s organisers, but a green group report published Tuesday argues that emissions may have been understated and the carbon credits used are unlikely robust enough.

What are the climate wars? There has been bipartisan agreement to not act sufficiently on climate between major parties. They're at peace. We are not.

The post The real climate wars are only just getting started appeared first on RenewEconomy.

Environmentalists are worried the shift to green energy means damage from more mines. But it doesn’t have to be this way. Anita Parbhakar-Fox, Principal Research Fellow/ Group Leader- MIWATCH, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

EU leaders gathered on Monday aiming to strike a partial deal banning Russian oil imports amid resistance from Hungary, while sources said as many as nine member states could already oppose MSR sale plans that are due to be discussed Tuesday. 

Ministers are running out of time to persuade EDF to apply for postponement of shutdown, say industry insiders

Ministers have just weeks to intervene to extend the life of the Hinkley Point B nuclear power station, industry sources have warned, as officials raise concerns over the danger of blackouts this winter.

The two reactors of the Somerset nuclear power station are due to be shut down on 8 July and 1 August, removing nearly a gigawatt of power generation capacity from the UK’s system – enough to power 1.5m homes – and as the nights draw in, the war in Ukraine is expected to weigh heavily on electricity supplies.

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Key standardised prices for technology voluntary emissions reductions (VERs) failed to gain for an eighth consecutive week, while nature credits moved sideways amid a dearth of buyers, as participants dismissed the potential for Verra's ban on tokenising retired units to significantly shift prices.

Queen’s Green Canopy scheme’s ‘platinum supporters’ include firms that have been connected to environmental harm, say campaigners

The Queen’s jubilee tree planting scheme has been sponsored by companies with links to deforestation, say campaigners.

Across the country, people have been asked to “plant a tree for the jubilee” in honour of the Queen’s 70 years on the throne.

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There are likely no Norwegian companies with significant CO2 emissions that are climate neutral currently, although the firms have not been deliberately greenwashing, a report claimed Monday in findings that reflect the uncertainty faced by companies worldwide in implementing climate strategies.

An industry group representing Australian’s carbon market industry on Tuesday outlined its list of priorities for the newly elected Labor government, including opening up to exporting ACCUs and reconsidering the need for introducing a new credit type for Safeguard Mechanism companies.

UK scientists say carbon capture is ‘hard and expensive’ and focus must be on reducing emissions

Many of the UK’s top scientists working on carbon capture technologies do not believe they will be developed and scaled up in time to reach net zero and limit global heating to 1.5C.

Experts speaking at a Greenhouse Gas Removal Hub event in London warned that these techniques, including direct air capture, biofuels, biochar, afforestation and advanced weathering, are not a silver bullet and should make up just a fraction of the efforts to decarbonise.

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Malaysia’s stock exchange has teamed up with carbon credit standard manager Verra ahead of the launch of a domestic voluntary carbon market in the Southeast Asian nation later this year.

Terminally ill and disorientated orca believed to have been suffering from disease not before seen in Europe

An ailing orca adrift in the River Seine has been found dead after a plan to guide it back to sea failed and scientists concluded it was in agonising pain and terminally ill.

The local French prefecture had said the orca, also known as a killer whale, would be euthanised to end its suffering.

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EU carbon was little changed in very thin trade on Monday morning as traders dialled down activity amid holidays and an EU summit where leaders were expected to discuss energy and a proposal to auction EUAs from the market stability reserve.

China’s central government will support the use of carbon credits from “qualified” new energy projects in its emissions trading scheme, it said on Monday, though without clarifying exactly which projects would qualify.

Researchers say bacteria such as E. coli stays attached to plastic longer than natural material.

Ministers from world’s biggest economies reach agreement that could shift estimated $33bn a year to clean energy sources

The world’s biggest economies are to stop funding any overseas fossil fuel development from the end of this year, in a move likely to choke off some of the investment in “carbon bombs” that are imperilling efforts to meet the world’s climate targets.

The agreement could shift about $33bn (£26bn) a year from fossil fuels to clean energy sources, according to analysts’ estimates.

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