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Talks among EU leaders on a response to the US IRA green subsidy plan got held up on Thursday, as much of the first day of the two-day European Council summit focused on how to support Ukraine.

Switzerland has scheduled a second auction for 2022-vintage carbon allowances under its emissions trading scheme (ETS).

A coalition of eight prominent environmental and Indigenous Peoples organisations published new guidance on Thursday, endorsing forest carbon credits and providing guidance to help steer would-be buyers towards high-integrity transactions in the wake of related media scrutiny.

Renewable project on edge of Bristol has overcome planning hurdles and will empower local housing estate

A muddy, forgotten patch of land, sandwiched between a gas power station and a car breakage plant, will be home to England’s tallest wind turbine by the end of next week.

The turbine, which will stand 150 meters tall from its base to the tip of its blade, is owned by a group of residents from nearby Lawrence Weston, a deprived housing estate on the fringes of Bristol, and some of the income it generates will be used to help the local community.

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Greenpeace aim to take legal action against the European Commission over the inclusion of fossil gas and nuclear energy in the EU’s list of sustainable investments, the NGO announced on Thursday.

An Amsterdam-based cleantech venture capital platform is launching a second investment vehicle, which will target raising €75-100 million - roughly double its first fund.

Open interest in CME’s nature-based futures for the voluntary carbon market is dropping fast as the impact of claims of widespread over-crediting in the REDD+ avoided deforestation market continues to shake confidence in standardised products.

As investment begins to pour into decarbonization technologies and innovative infrastructure projects sprout across the globe, the new energy economy faces a conundrum: carbon-intensive building materials. Project developer and sustainability consultants ClimeCo discuss how companies can use the voluntary carbon markets to help decarbonise their cement-related emissions.

Many people warming homes with wood from construction sites unaware of health risks, say experts

Arsenic particles are being spotted by scientists in London’s air, as concerns grow that people are increasingly burning waste wood from construction sites while being unaware of the serious health risks.

Dr Anja Tremper at Imperial College London’s air research station in south London tracked January’s data and found arsenic particles in London’s air, especially around the weekend of 2223 when air pollution reached the top index value of 10 on the UK government’s scale.

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EUAs gave up some of their early gains on Thursday morning after a relatively strong auction result and as a panel of lawmakers approved the bloc's carbon market reform package, while energy prices snapped a five-day losing streak as weather forecasts suggested a drop in temperatures in the coming week.

Campaigners and experts say holiday park in ancient woodland would have been ‘disastrous’ for wildlife

Center Parcs has scrapped plans for a new holiday park in an ancient woodland that is home to rare birds after outcry from wildlife campaigners.

The holiday company said that it had decided the 550-acre Oldhouse Warren site in Worth Forest was “not suitable” for the development, due to not being able to meet targets to improve biodiversity at the site. The plans included 900 lodges, indoor and outdoor leisure facilities, a variety of restaurants, a spa, and a “subtropical swimming paradise”.

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ArcelorMittal, the world's second-largest steelmaker, expects its shipments to increase by around 5% this year driven mainly by a demand rebound in the EU and US, it said in quarterly results published Thursday that also gave a less certain outlook on Chinese consumption.

The European Parliament's environment committee (ENVI) approved on Thursday a provisional deal to reform the EU ETS, an interim step in the formal adoption process to pass the bill into law.

Labour’s bowing to business contrasts with the boldness of the US president’s green industrial policies. There is an opportunity to be grasped

The severe crises humanity faces will not be solved by the outdated rules of the global economy. Keir Starmer came close to recognising this in his new year’s speech, when he spoke of his plans for “mission-driven” government. The phrase – borrowed from Mariana Mazzucato – implies governments setting economic goals (say, 100% renewable energy) and single-mindedly driving that goal forward through investment and regulation.

In essence, this is an acceptance that government planning, state intervention and public ownership, so derided over 40 years of neoliberalism, are necessary tools of government today, and it’s what makes Labour’s industrial strategy central to any progressive offer to the country.

Nick Dearden is director of Global Justice Now (formerly World Development Movement)

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A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Environmental activist group ClientEarth has filed what it called a world-first lawsuit against oil major Shell's board of directors for failing to manage risks to the company from climate change, the London-headquartered group announced on Thursday.

China needs to introduce a phased regulatory framework and clearer guidelines for companies to conduct climate-related information disclosure, given emerging challenges in the sector, according to analysts.

The European Investment Bank (EIB) will provide indicative funding of €1 billion to promote the green hydrogen sector in India, the EU bank and a local industry group, the India Hydrogen Alliance (IH2A), have jointly announced.

A global trading firm with a special interest in environmental markets is in the process of negotiating its first voluntary biodiversity credit transaction, as it seeks to play a part in developing the emerging market.

Early scoping work begins on the fourth phase of the world’s largest offshore wind farm, taking the total to around 5GW.

The post World’s biggest offshore wind farm seeks to add another gigawatt of capacity appeared first on RenewEconomy.