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The UK's Woodland Carbon Code has unveiled changes in a new version of its crediting framework, including lengthening the minimum project duration to align with the Integrity Council for the Voluntary Carbon Market (ICVCM) standards, as well as introducing biodiversity baselining.

The European Commission has unveiled on Tuesday a long-awaited roadmap detailing its strategy to phase out Russian fossil fuels for good by the end of 2027, with the plan to be followed by legislative proposals next month.

A carbon credit provider raised $4.5 million in funding from several venture capital investors and also launched its backstop measure to mitigate risk, the company announced Tuesday.

Exclusive: Government and water firms preparing for possible shortages as dry weather is expected to continue

England is heading towards a drought this summer unless there is significant rainfall soon, as reservoir water levels dwindle.

The government will on Wednesday convene the National Drought Group of water companies, farming groups and other experts to prepare for what is expected to be a dry summer with potential water shortages.

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Producers promoted chemical recycling – processes used to break plastics into constituent molecules – but knew of limitations

Plastic producers have pushed “advanced recycling” as a salve to the plastic waste crisis despite knowing for years that it is not a technically or economically feasible solution, a new report argues.

Advanced recycling, also known as chemical recycling, refers to a variety of processes used to break plastics into their constituent molecules. The industry has increasingly promoted these technologies, as public concern about the environmental and health effects of plastic pollution has grown. Yet the rollout of these technologies has been plagued by problems, according to a new analysis from the Center for Climate Integrity (CCI), a fossil-fuel accountability advocacy group.

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European lawmakers agreed on Tuesday to use the urgent procedure for a targeted change to CO2 emission performance standards for new cars and vans, adding the item to the voting list for May 8.

ICE launched its EU ETS2 futures on Tuesday, with the nearest Dec-28 contract seeing trade at €73.57/tonne on thin volume, much higher than official reference prices for the scheme.

A combination of factors, including but not limited to the state’s climate mandates, has kept California’s gasoline prices higher than the national average, said the US Energy Information Administration (EIA).

Sylvera will now offer project developers access to pre-issuance assessments for carbon credits in a bid to raise supply-side integrity in the market, the carbon ratings agency and data provider revealed exclusively to Carbon Pulse.

Australia’s main electricity grids have experienced another quarter of dynamic change, with a combination of record highs and lows and demand, record wind, solar and battery generation, and a sharp fall in emissions in the first quarter. The good news, however, was moderated by the lack of any meaningful movement in wholesale electricity prices, which […]

The post Wind, solar and batteries push fossil fuels to record lows, but costly coal and hydro keep prices high appeared first on RenewEconomy.

A Munich-based nature tech firm has launched a two-year initiative aimed at advancing biodiversity monitoring in agricultural areas in Germany, in a bid to reward farmers who implement nature conservation and restoration activities on their lands.

CORSIA take-off is still stymied by uncertainty about supply, as well as a long haul until the compliance deadline, experts told a webinar on Tuesday.

The EU must recognise technological removals in its emissions trading scheme and prioritise biogenic CO2 in infrastructure in order to achieve its 2040 emissions reduction goal, according to an industry body.

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.