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Nova Scotia announced this week that it will hold two carbon auctions to cover 2022 emissions and one reserve auction, even as the Canadian Maritime province transitioned to an output-based pricing system (OBPS) at the start of the year.

*PREMIUM LISTING - Nexus seeks a dynamic and driven Head of Carbon Finance to lead our carbon finance services, leveraging strategies to accelerate low-carbon project development while ensuring alignment with Nexus’ mission. Opportunities and focus areas must balance the opportunity for greatest community benefits with sound financial project performance.

Standardised nature-based carbon credit prices softened on Friday as the impact of this week's highly critical reports of over-crediting among REDD projects appeared to diminish corporate appetite.

Industry body working on new way to reassure customers schemes will protect the environment

New standards should bring greater scrutiny of carbon offsets and give buyers confidence their money is helping protect the environment, leading figures in the carbon credits market have insisted, after an investigation by the Guardian revealed widespread problems with offsetting.

Annette Nazareth, chair of the Integrity Council for the Voluntary Carbon Market, which sets nonbinding principles to which sellers of carbon credits can sign up said the body was working on new standards that should reassure consumers.

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The report from 12 independent experts found toxic chemicals and dredging were very unlikely causes.

Mystery of north-east coast deaths takes new turn, as panel says they are unlikely to have been caused by algal blooms or pollutant

The mystery behind the deaths of thousands of crabs and lobsters along England’s north-east coast has developed a further twist, with experts saying it could be down to a new disease.

The die-offs, which began in autumn 2021 and recurred at various points in 2022, affected at least 70km (43 miles) of the coastline, with some of the crustaceans showing an unusual twitching while dying.

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A position is available to work on the research problems of the Energy and Environment Group at the Department of Computer Science & Technology, initially on the topic of technology and organisational problems around carbon credits for nature-based solutions.  The project, as part of the Cambridge Centre for Carbon Credits, aims to bring to the public new mechanisms for quantifying the benefits of interventions to halt deforestation via the use of satellite sensing, and also the qualitative assessment of human factors.

Commodity trader Trafigura has set tougher targets for cutting Scope 1 and 2 emissions over the next decade and set out a roadmap for achieving carbon neutrality by 2050 after meeting short term targets a year earlier than planned.

EUA prices moved higher on Friday morning as a volatile week neared its close with traders seeing resistance at around €85, while natural gas prices headed for their sixth successive week of losses as the market reached the height of the winter season with plentiful supplies amid mild temperatures.

In England and Northern Ireland the deposit return scheme will be limited to plastic and metal containers.

The British astronaut who inspired millions with his passion for space will concentrate on educational outreach.

A UK forestry fund has added 11 new nature-based projects to its portfolio from activities across Scotland and Wales and has secured planning permission for another three, the firm announced Thursday.

The Environment Protection Authority (EPA) of Australia’s New South Wales (NSW) state government released on Friday final versions of its climate change policy and action plan, both of which outline how the regulator seeks to reduce, within its remit, GHG emissions in the country’s most populous state.

The best of this week’s wildlife pictures, including an injured kite, baby seal pups and a rescued joey

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The spot price for Chinese carbon allowances edged up ahead of the Lunar New Year holiday with an uptick in the weekly trading volume, though the improvement in trading activity may not be enough to ignite market participants’ enthusiasm, given the challenges faced by the country's power sector.

Jerome Powell and Mervyn King reject taking on climate policy, while Mark Carney and Christine Lagarde say action is vital

The climate crisis has come to represent a major challenge for central banks. How much should their monetary policy and approach to banking supervision be influenced by it?

On one hand, there is growing evidence that global heating, particularly through its effect on agriculture, may create inflationary pressures. And there is even stronger evidence that the physical and transition risks created by the climate crisis are having, and will continue to have, a major impact on the value of financial assets and financial firms, which those responsible for the stability of the financial system cannot ignore.

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In an attempt to gain popular support, Extinction Rebellion has promised to 'quit' public disruption as a primary tactic of its protests, focusing instead on the 'perpetrators' of climate destruction. The Guardian environment correspondent Damien Gayle joins the group in its first targeted action against Michael Gove's Department for Levelling Up, Housing and Communities and the UK government's decision to approve a new coalmine in Cumbria

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Small interventions on electric cars and plant-based meat could unlock rapid emissions cuts, say experts

Three “super-tipping points” for climate action could trigger a cascade of decarbonisation across the global economy, according to a report.

Relatively small policy interventions on electric cars, plant-based alternatives to meat and green fertilisers would lead to unstoppable growth in those sectors, the experts said.

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For a couple of days this month, wind power supplied over half the UK’s electricity. You wouldn’t know it from our bills – or our politicians

I remember the first time wind energy emerged as a serious contender in the UK’s energy provision. It was 6 November 2012, and the country’s electricity use from wind hit an all-time high in the middle of the afternoon, at 9.3%. The casual observer wouldn’t have noticed, and the expert wouldn’t have been surprised, but for people between those poles, it was astonishing. Windfarms were then perceived as a nascent technology, so infant and speculative they needed endless subsidy, intervention, special pleading.

To this day, it remains a mystery how a reputation for well-meant inadequacy clings to renewable energy sources: it can’t all be the result of lobbying by the fossil fuel industry. Sometimes, it feels like we just don’t want good news.

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EPA unveils its carbon crackdown. Coal generators say it is all too much, and environmentalists say it is not nearly enough.

The post EPA details its carbon crackdown on industry, and fossil fuel generators are not happy appeared first on RenewEconomy.