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The EU will go to Baku next month stressing the need to widen the base of contributors to a bigger global climate finance goal - including big emerging, and polluting, economies and greater private sector investment, according to agreements reached by ministers and parliamentarians ahead of the COP29 summit.

Carbon registry Verra is “trying its best” to convince the Integrity Council for the Voluntary Carbon Market (ICVCM) to accept renewables projects in least developed countries for its highly-sought core carbon principle (CCP) label, a company representative said on Tuesday.

Large volumes of sovereign carbon credits traded between countries under Article 6.2 of the Paris Agreement are unlikely to be seen until the end of the decade, a panel heard Tuesday.

Australia’s solar waste problem – identified as a priority by the federal government in 2016 – is becoming larger and more urgent

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In a 50m shed south of Brisbane, solar panels are being turned into silver and copper.

Photovoltaic panels no longer capable of producing electricity are having their aluminium and wires removed before being ground up and refined into plastic, glass, silicon, silver and copper. So far, nothing has gone to waste.

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The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday.

Southeast Asia is one of the world’s most power hungry regions, with sectoral demand and emissions set to rise faster than in the past without significant decarbonisation and clean energy expansion, a new report from the International Energy Agency (IEA) said Tuesday.

Energy secretary prepares new pledge for big UK carbon cuts in next decade amid potential cabinet division

Ed Miliband is facing his first key test on Labour’s ambitions for global climate leadership, with a crucial decision looming on how far and how fast to cut the UK’s greenhouse gas emissions.

The energy secretary is preparing a new international pledge for the UK to cut carbon sharply in the next decade, but could face opposition within the cabinet.

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A UK-headquartered carbon capture company has raised €23.7 million in a Series A2 funding round, the firm announced on Tuesday.

Critics say eels could be smuggled eastwards towards Asia but exporter says they are for ‘restocking’ project

Millions of critically endangered eels have been exported from the Severn estuary to Russia this year and conservationists fear export quotas will be increased next year.

A tonne of glass eels, the young elvers that swim into European estuaries from the Sargasso Sea each spring, was flown to Kaliningrad this year, double the amount exported to the Russian port the previous year.

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Carbon project developer and consultancy South Pole has emerged following a significant period of transition and is preparing for a new phase, with a focus on carbon removals and Article 6 markets, its CEO told Carbon Pulse.

European carbon allowance prices clawed back early losses to end Tuesday morning modestly firmer, after five consecutive days of declines driven by weakening natural gas and sustained selling interest, as traders kept a watching brief for movements in the gas market and for signs of renewed pressure.

Investors including multilateral organisations are keeping their distance from carbon credits due to the volatile nature of the market while funding technologies to accelerate climate action, a conference heard Tuesday.

A Finnish company has launched a hand-sized instrument for accurate in-situ measurement of the CO2 in flue gas and direct air capture (DAC), which it says will avoid greenwashing from carbon capture and help with process optimisation.

A San Francisco-headquartered off-grid solar provider has been chosen to participate in a World Bank-funded government programme in Kenya that aims to boost the adoption of off-grid solar home system and clean cookstoves in rural counties, the company announced on Tuesday. 

The Mexican state of Colima has committed to supporting a nature crediting programme spearheaded by a French restoration company.

An Asia Pacific carbon credit supplier is offering credits for bidding at a significant near-50% premium over generic Australian Carbon Credit Units (ACCUs).

Changes to the Safeguard Mechanism reporting methods in Australia will hit the nation’s coal mines and their new methane emissions calculations, which is likely to eventually drive up the price of Australian Carbon Credit Units (ACCUs), according to analysis published Tuesday.

EUAs could trade at between €50-€55 for the next two years without leading to any significant increase in emissions, and the same price level through to 2030 would not trigger a tightening of the market, according to a bank analyst.

Spain-based developer to add a big battery to an existing solar farm in Queensland marking its first hybrid solar and storage project in Australia. A second one will soon follow.

The post Spanish giant to add big battery to Queensland solar farm as PV operators choose to go hybrid appeared first on RenewEconomy.

One of the largest shipbuilders in South Korea has teamed up with a clean shipping industry body to work on solutions that can decarbonise the sector, particularly ammonia and onboard carbon capture systems.