The UK’s climate-aid spending on “nature protection and restoration” reached record levels of nearly £800m last year, according to government figures obtained by Carbon Brief. The data suggests the UK is on track to achieve its five-year pledge to provide £3bn in nature-related funds for developing countries by 2026. Funding for forest protection has also increased, but will need to rise by an additional £100m this year in order to meet the target of £1.5bn, within the £3bn total. The latest figures, provided to Carbon Brief via freedom-of-information (FOI) requests, include climate-aid contributions to forest-dense regions, from the Amazon to…
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Rio Tinto has signed on as a future buyer of carbon credits from Meldora, a new Australian platform designed to scale up land-based carbon capture and sustainable agriculture projects. The mining giant will act as a foundational offtaker, committing to purchase credits as the platform expands. Meldora launched this week with $200 million in funding from Canadian pension fund La Caisse and a further $50 million from the Australian Government’s Clean Energy Finance Corporation. Carbon credits are increasingly used by resource companies to offset emissions that cannot be eliminated outright. Rio Tinto has pledged to halve its Scope 1 and…
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raw material and mineral rare earth news Source link
The voluntary carbon market is at an impasse. Not the one you think. Corporate buyers want credits representing real, permanent emissions reductions or removals. They want third-party verification, robust monitoring, clear additionality. Bullet-proof accounting. The impasse is not that carbon project developers are unable to do these things. The challenge is delivering all of this when the average spot price for a carbon credit is less than seven dollars a ton. At today’s prices, it’s just a tough business model. Consequently, demand could significantly outstrip high-integrity supply between now and 2050. This isn’t good timing. Climate resilience requires more investment,…
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SMX (NASDAQ:SMX) and Singapore’s A*STAR have unveiled the world’s first national plastics passport, a groundbreaking solution to address fundamental flaws in global recycling systems. The technology embeds invisible molecular markers directly into plastics, creating an immutable tracking system that follows materials throughout their lifecycle.This innovative system establishes uniform standards across regions and enables instant verification of recycled content without relying on subjective audits. The initiative is expected to generate an estimated S$4.2 billion annual opportunity across Southeast Asia through certified recycled materials and platform adoption.SMX’s Plastic Cycle Token (PCT) transforms proof of…
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raw material and mineral rare earth news Source link
Image source: Getty Images It’s been a miserable few months for Fevertree Drinks‘ (LSE:FEVR) share price. Poor economic data and resurgent inflation in its key US, UK, and European markets have fanned fears over consumer spending. Worries over how trade US tariffs will impact profits have also weighed (the company makes most of its products in Britain). But Fevertree shares have sprung back to life on Thursday (11 September) on news of strong drink mixer sales Stateside. The Alternative Investment Market (AIM) company was dealing 12.2% higher on the day, at 870p per share. I do love a good recovery…