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A new initiative aims to spur C$100 million ($72 mln) in advanced market commitments by establishing a buyers group for Canadian CO2 removal (CDR) credits.

Two Asia-headquartered firms have formed a strategic partnership to offer project developers easier access to the international voluntary carbon market (VCM).

Analysts have reduced their forecasts for EU carbon allowances, predicting that prices will remain under pressure in the short term as geopolitical tensions, weak industrial activity, and cautious sentiment continue to weigh on the market.

Lower company valuations and a surge in demand for power present a good opportunity to deploy capital into the energy transition, panellists said during a summit Wednesday.

A US cement technology start-up has secured new funding to advance its approach to low-carbon construction materials.

A Paris-headquartered bank and a US-based REDD+ marketing firm announced Wednesday a $50 million initiative for Indigenous- and traditional community-led Amazonian forest conservation projects – the first under a nascent standard.

Edify adds another project to EPBC queue, this time about an agrisolar and battery project that had the planning department curious about the age and sex of the sheep.

The post How old is that sheep? Edify floats another solar and battery project amid reports it is fishing for buyers appeared first on RenewEconomy.

Melbourne not-for-profit secures federal government funding to roll out three new community batteries in partnership with a renewables focused retailer.

The post Not-for-profit secures federal funding for three new community batteries appeared first on RenewEconomy.

Two California bills that sought to require fossil fuel companies to pay for climate-related damages were withdrawn from scheduled committee hearings this week, halting their progress in the state’s legislature.

The Bahamas and a US-based financial services firm are collaborating on a securitised sovereign blue carbon product based on a sectoral GHG mitigation pledge, which can then be ‘unwrapped’ to claim authorised Paris Agreement Article 6.2 ITMO credits, according to the company’s CEO.

Protected areas and indigenous territories contain 60% of the Amazon’s total aboveground biomass and have remained carbon sinks over the past 10 years, according to a new report by the Monitoring of the Andes Amazon Programme (MAAP).

The Coalition claims its climate track record is better than Labor's. Wait until you find out why ...

The post Who did better on emissions – Labor or LNP Coalition? appeared first on RenewEconomy.

Canada's Pacific province, known for its expansive forests and coastline, is set to miss its emissions reductions targets.

A Vancouver-based carbon project developer announced Wednesday that its net losses more than doubled in fiscal year 2024, a period which the company’s CEO described as a “necessary reset”.

One of the world’s largest business organisations has thrown its weight behind the VCMI’s new Scope 3 Action Code of Practice after warning the cost of inaction on climate change is now staggering.

Study provides hope for future of the axolotl amphibian, pushed to the brink of extinction in Mexico.

Labour politicians warn former PM had boosted Tory and Reform climate sceptics on the eve of local elections

Tony Blair has been forced by Downing Street to row back from his criticism of the government’s net zero strategy after furious Labour politicians warned he had given a boost to Tory and Reform sceptics on the eve of the local elections.

Climate experts also accused the former prime minister of granting political cover to fossil fuel interests and weakening momentum behind the UK’s legally binding target to reach net zero emissions by 2050.

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Sir Tony Blair’s ill-conceived contribution to the climate debate was a political gift to Nigel Farage. But public support for the green transition remains strong

The Climate Change Committee’s latest report on the UK’s response to unprecedented environmental challenges makes for grim reading. Recalling the extreme weather swings of the last few years – which delivered both the wettest 18 months on record and the largest number of wildfires – the report’s authors deplore the current inadequacy of provision to protect the nation against risks which are now a lethal reality. The threat represented by flooding, said the chair of the committee’s adaptation group, Lady Brown, “is not tomorrow’s problem. It’s today’s problem. And if we don’t do something about it, it will become tomorrow’s disaster.”

An assessment so scathing, from such a source, deserved to be at the centre of political discussion ahead of Thursday’s local elections. Instead, Wednesday’s front pages were dominated by a considerably less useful contribution to the climate debate. In a foreword to a report from his eponymous Tony Blair Institute (TBI), Sir Tony Blair suggested that governments should dial down efforts to limit the use of fossil fuels in the short term, or risk alienating voters allegedly put off by the “irrationality” and cost of green policies. Politicians’ focus, he insisted, should shift to investing speculatively in technologies for the future such as carbon capture and storage.

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Denmark is on course to reduce its emissions 72% by 2030 compared to 1990 levels, surpassing the country's 70% target with a surplus margin of around 1.6 million tonnes of CO2 equivalent, according to new official data published on Wednesday.

A carbon market intelligence provider has announced its expansion into Singapore on Wednesday.