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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.

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.