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Seagrass loss worldwide could lead to the release of nearly 1.2 billion tonnes of CO2 over the next 25 years, with estimated costs of more than $200 bln, according to a paper released on Tuesday.

European carbon allowances shrugged off a weak session on Monday to advance to their highest in nearly five weeks as technically-focused buyers targeted a key resistance level, while gas prices climbed steadily as the EU confirmed it would legislate for a Russian energy ban, and UK Allowances rose to their highest in more than 18 months amid continued speculative buying ahead of a key EU-UK summit.

Maximising the value of forests as assets able to generate numerous revenue streams, from carbon credits to timber, can revitalise the voluntary market, provided developers ensure projects deliver real climate impact, according to a study published Tuesday.

France-based asset manager Mirova has launched an engagement campaign on biodiversity disclosures targeting up to 20 European companies in an initiative it hopes to scale up over time.

Moldova has submitted its new Nationally Determined Contribution (NDC) to the Paris Agreement, outlining an economy-wide 75% emissions reduction target by 2035, compared to 1990, while marginally raising the ambition of its 2030 goals.

Tony Mahar isn't seeing enough action to implement the Dyer review recommendations, despite early adoptions and promises.

The post Renewables sector “letting frustrations fester”, says new energy infrastructure czar appeared first on RenewEconomy.

An analysis of 50 multinational food companies with over $1 billion in North American revenues found that a majority of them have disclosed Scope 3 emissions but have failed to quantify emissions reductions targets.

Uniper has said it plans to build 2 GW of new gas capacity in Germany as it saw its coal-fired generation covered under European compliance carbon schemes halve in Q1 2025, compared to one year prior.

Countries will once again come under pressure to strengthen and widen the scope of the national pledges to the Paris Agreement, as around 30 ministers and leaders gather for the Copenhagen Climate Ministerial on Wednesday and Thursday.

A carbon project restoring habitat for koalas has received its first Australian Carbon Credit Units (ACCUs), but its steep start-up costs mean it will likely be forced to search for buyers beyond the Safeguard Mechanism to recoup costs, according to its developers.

Carbon credit issuance from nature-based projects make up just 1% of the mitigation potential across ecosystems in Southeast Asia's six major economies, largely due to lack of policy incentives, according to a report published Tuesday.

Microsoft has boosted its agreement to purchase carbon removals from a Swedish energy provider and carbon removal developer, raising the volume of procured credits by over 50% to around 5 million, compared to the initial deal signed last year.

Germany has notified the European Commission of its intent to cancel around 500,000 EUAs linked to the closure of coal-fired power plants in 2022, in a bid to ensure that its phaseout of the polluting fuel source delivers genuine climate benefits.

Singapore on Tuesday inked an implementation agreement with Rwanda under Article 6 of the Paris Agreement, adding the East African nation to a string of potential suppliers of carbon credits to its domestic market.

A carbon utilisation firm has partnered with a technology provider to launch a commercial CO2-curing solution for precast concrete production, the two companies announced Tuesday.

Pakistan and Azerbaijan are exploring cooperation in environmental conservation, climate resilience, and carbon trading, Pakistan’s Ministry of Climate Change has said in a statement.

Voluntary carbon standard Verra has unveiled a new methodology that will credit the early retirement of coal plants that are replaced with clean energy sources.

NSW network company expands partnership with software firm mPrest, rolling out a resource management system for its growing fleet of community batteries.

The post Network company strikes deal to optimise community batteries, as fleet grows by 76 appeared first on RenewEconomy.

It is one thing to have targets, it is quite another to achieve them. Chris Bowen, should he continue as climate and energy minister, has a lot on his plate.

The post Thirteen things on Labor’s climate and energy minister’s must-do list to change the system appeared first on RenewEconomy.

Horsham local Glenn Coffey says he witnessed large numbers of sick birds falling out of trees and drowning in Wimmera river

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Victoria’s conservation regulator has launched an investigation into the suspected fatal poisoning of 300 little corellas in Horsham, in the state’s north-west.

The incident, which began on Tuesday last week, has killed hundreds of protected birds in a popular park near the Wimmera river, just south of the city centre.

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