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The UN-backed Science-Based Targets Initiative (SBTi) on Thursday released a technical report describing an interim pathway for aviation companies to set GHG reduction goals in line with the more ambitious temperature goal of the Paris Agreement.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including bills for cap-and-trade oversight in Washington, emissions disclosure in California, and zero-carbon power in New Jersey. 

TotalEnergies, which has a self-imposed 2050 net zero emissions target, is selling a share of its renewable portfolio to insurer Credit Agricole Assurances amid booming returns from oil and gas sectors.

Activity is picking up in the general over the counter (OTC) voluntary carbon market, brokers reported on Friday, although prices for REDD+ credits have dropped again after buyers largely disappeared in the wake of reports claiming widespread over-crediting in the avoided deforestation sector.

The EU must extend its gas demand curbs for at least another six months to ensure it has enough supply next winter, according to a think-tank report, raising the prospects of further restrictions even as the bloc's energy crisis has eased.

The annual photographer of the year winners were chosen from more than 3,000 entries across nine categories. The top prize goes to images captured in the deep south of New Zealand, an area the photographer says she enjoys for its wonderful light and colour

• Wildlife photographer of the year – people’s choice award

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EUAs steadily clawed back most of previous session's losses on Friday morning, amid renewed options trading activity and a modest recovery in energy prices.

A Norwegian direct air capture (DAC) developer has appointed a former US-based soil carbon CEO to a senior position, the firm announced, targeting a launch of the first million-tonne plant in 2027.

Uncertainty plagued the carbon markets in 2022 and will continue to do so in 2023, analysts said in a report published this week that identified how macroeconomic weakness, energy crises, and regulatory changes had caused a slowdown after several years of growth.

The EU needs an ambitious climate strategy for industry. So why is Giorgia Meloni its chief supporter?

European governments have for many years basked in a sense of climate superiority over the US. We had the most ambitious climate goals; we were the constructive actor at Cop conferences; we had carbon-pricing mechanisms; and since 1990, we have reduced emissions by 28% against just 2% in the US. The US, by contrast, had climate-denying Republicans.

The Biden administration now has the world’s most generous package of climate incentives – a $370bn green subsidy package, which goes by the misnomer Inflation Reduction Act. But instead of celebrating the US handouts and tax breaks for investment in such things as electric vehicles and solar panels, many European governments are furious.

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Some 3,000 government officials, scientists, conservation professionals, NGOs, and Indigenous groups have gathered in Vancouver, Canada to spend the next week laying the groundwork for meeting the Global Biodiversity Framework of protecting 30% of global oceans by the end of the decade.

India’s Green Credit programme that was announced in this week’s budget could potentially receive support from multilateral agencies, enabling the initiative to act as an additional environmental policy tool to existing schemes aimed at meeting the country’s net zero goals, according to an Indian market participant on Friday.

Allowances in China’s national emissions trading scheme remained unchanged over the past week with few permits changing hands, as a prominent economist has called for policy reforms to help boost demand in the market.

The best of this week’s wildlife pictures, including snow monkeys, beavers and a selfie-crazy bear

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Beijing has a lot of work to do to facilitate the international trade in Chinese carbon credits, despite emissions reductions generated from the country's national CCER offset programme, having been deemed eligible in CORSIA's pilot phase, according to analysts.

Campaigners urge leading poultry producer Avara Foods to fund reparations for pollution from its chicken farm suppliers

Avara Foods, a leading supplier of chicken to Tesco, is being urged by campaigners to pay reparations to help clean up the River Wye.

The Wye, a river running from mid-Wales to the Severn estuary, has been affected by increasing algal blooms. These are partly caused by poultry farms spreading more manure than the land can absorb, say scientists, leading to excess phosphorus leaching into waterways.

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UK-headquartered Northern Trust Asset Management has launched the World Natural Capital Paris-Aligned Index Strategy, an investment tool that integrates climate and natural capital considerations to address the twin crises of climate change and biodiversity loss.

Local authorities say policing government’s new standards on smoke pollution is beyond their means

Local authorities lack the resources for the crackdown on highly polluting wood burners promised by the environment secretary, Thérèse Coffey, they say.

Wood-burning in urban areas is an increasing source of harmful air pollution, as people install stoves for aesthetic reasons or to save money on gas.

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Butterfly Conservation report reveals 42% decline in distribution of 58 native species since 1976

Butterfly species have vanished from nearly half of the places where they once flew in the UK since 1976, according to a study.

The distribution of 58 native species has fallen by 42% as butterflies disappear from cities, fields and woods. Those that are only found in particular habitats, such as wetlands or chalk grassland, have fared even worse, declining in distribution by 68%.

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An Australian official on Friday laid out the steps the government is taking to implement the recommendations of the recent review into the country’s carbon market, but said it would take some time to see them fully realised.