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The EU’s growing use of forest biomass for energy is eroding the bloc’s carbon sink, while planned reliance on bioenergy with carbon capture and storage (BECCS) risks locking in net emissions, a recent study has warned.

European carbon prices moved higher on Friday amid sporadic bursts of aggressive buying, as participants eyed a holiday-shortened auction programme next week, while natural gas prices fell back for a fourth straight session and neared long-term lows as the LNG supply remained comfortable, damping demand for storage.

The spot price in China's national emissions market over the past week fell below the RMB 80 ($10.98) mark for the first time since Feb. 2024 amid bearish sentiment, while the country's voluntary carbon credits continued to trade at relatively high levels.

A major shipping firm on Friday signed a multi-year agreement to purchase 10,000 credits from a carbon removal (CDR) developer, in what is claimed to be the first ever direct offtake deal between Japanese and Indian companies.

The US president speeds up permits for a practice opposed by many countries and environmentalists.

The olive oil sector, a significant contributor to Mediterranean agriculture, faces mounting pressure to reduce its environmental footprint. Recognising the potential of olive groves as carbon sinks could significantly scale nature-based removals in Europe, a new paper has found.

US President Donald Trump on Thursday ordered the National Oceanic and Atmospheric Administration (NOAA) to expedite the process for reviewing and issuing seabed mining permits, seeking to set the nation up as a global leader even as scientists warn of potential disastrous consequences for the ocean.

A Brazilian reforestation venture has unveiled its first project with an aim to restore 1,200 hectares of rainforest in the country’s Atlantic Forest with over 70 native tree species, its CEO told Reuters in an interview.

Japan's environment ministry has decided to subsidise four international emissions reduction projects under the bilateral Joint Crediting Mechanism (JCM).

Japan saw its greenhouse gas emissions drop to a record low in the fiscal year ended Mar. 2024 due to wider adoption of non-thermal energy and slower manufacturing activities, according to government data published Friday.

Adding to its string of carbon removal deals, tech giant Microsoft on Friday signed a five-year offtake agreement with a US-based carbon removal company for 44,000 CO2 removal credits.

An Indonesian enhanced rock weathering (ERW) startup has signed a carbon dioxide removal (CDR) offtake agreement with a US-based asset management firm for 4,400 removal credits.

The best of this week’s wildlife photographs from around the world

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Two US institutions have been granted access to samples collected by the Chang'e-5 mission in 2020.

Public confidence in the UK biomass industry is low – robust checks are needed to ensure every wood pellet its power plant burns is sustainable

Even government ministers sounded embarrassed in February when they threw yet more subsidies at Drax, recipient of £6.5bn to date, to keep its wood-burning power plant open until 2031. Few people think the biomass industry can survive in the long term unless as-yet-untested carbon capture technology can be installed.

But the bizarre business of importing wood pellets from the US and Canada for incineration in North Yorkshire was given an extension because the UK’s power system, now more reliant on wind and solar generation, also needs firm “dispatchable” power that can be turned on and off in a hurry.

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Exclusive: EU Transparency Register shows law firms also among lobbyists working for fossil fuel companies

A handful of “small but dirty” public affairs and law firms in Europe are enabling pollution by lobbying extensively for big oil, an analysis has found, with most major companies in the industry working for at least one fossil fuel client.

Several of the top spenders on activities to influence EU policymaking are on the payroll of oil and gas companies, according to an analysis of the EU Transparency Register by the Good Lobby nonprofit, but fossil fuel clients represent just 1% of the industry’s revenue.

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Brazil’s emergent $125 billion “Tropical Forest Forever Facility” fund, set to be launched at COP30, fails to finance forest preservation actors, environmental advocacy non-profits said in a report Thursday.

A UK parliamentary committee has urged the government to prepare a contingency plan in case bioenergy with carbon capture and storage (BECCS) cannot reach the scale required to meet the country's net zero goals.

A partnership to plug an orphan gas well in Canada yielded its first tranche of carbon credits.

The BioCarbon environmental standard on Thursday launched a water crediting programme at the Colombia Carbon Forum in Bogota, following a 30-day public consultation.