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Global efforts to cut emissions fall well short of what’s needed to avoid dangerous warming. It’s becoming essential to develop carbon-removal strategies to get to net zero. Christian Turney, Pro Vice-Chancellor of Research, University of Technology Sydney Lennart Bach, Associate Professor, Institute for Marine and Antarctic Studies, University of Tasmania Philip Boyd, Professor of Marine Science, Institute for Marine and Antarctic Studies, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

A daily summary of our news plus bite-sized updates from around the world.

Any potential mandate for corresponding adjustments in the voluntary carbon market will depress activity in the space, though alterations to host country emissions inventories can still be useful in some instances, a conference heard Thursday.

California Carbon Allowance (CCA) prices reached a new record high following the announcement of state regulator ARB’s upcoming cap-and-trade rulemaking workshop, though were unable to sustain this gain, while Washington Carbon Allowances (WCA) moved downward amid continued hesitancy to participate in the market.

California gasoline sales in June nearly equalled year-ago levels as diesel consumption fell, continuing the trend of the state’s cap-and-trade covered transportation sector GHG output trailing historic levels through the first half of 2023, according to state data published Wednesday.

Negative media coverage continued to dominate discussions during a carbon conference in New York held this week, as stakeholders in the voluntary market reacted to fresh reports from a newspaper that has persistently criticised corporate credit use, with fears of reputational risk threatening to further depress buying activity.

A company founded by two forest carbon veterans has closed $11.5 million in funding from a Singapore-based investor to help develop projects in Southeast Asia.

California on Wednesday announced an international climate initiative targeting methane reduction and mitigation, as seven signatories from six countries participated in the launch event at New York Climate Week.

A US-based climate tech firm secured additional funds from an e-commerce company to implement nature-based carbon projects in Latin America, the companies announced Thursday.

Improved forest management (IFM) projects under California's compliance offset programme may not reduce emissions as claimed, researchers said Thursday in findings that add to a growing chorus of academic literature, though state regulator ARB pointed to potential biases in the new study. 

Soil carbon projects could prove a cheaper alternative to direct air capture (DAC) technology for CO2 removal buyers, according to developers in the space, who say testing of ground storage is making older sequestration methods more reliable.

‘My patience ran out,’ said Christiana Figueres, who for years had advocated oil companies should be involved in policymaking talks

Fossil fuel companies should not be included in the Cop28 climate summit if they continue to block climate action, the UN’s former climate chief told reporters on Thursday.

“If they are going to be there only to be obstructors, and only to put spanners into the system, they should not be there,” said Christiana Figueres, who was pivotal to the delivery of the landmark Paris climate agreement in 2015.

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Nature positive is the new rallying cry to reverse environmental decline. But it could easily become greenwash – if we’re not careful. Martine Maron, Professor of Environmental Management, The University of Queensland Megan C Evans, Senior Lecturer, Public Sector Management, UNSW Sydney Sophus zu Ermgassen, Postdoctoral Researcher, University of Oxford Licensed as Creative Commons – attribution, no derivatives.

A Swiss foundation is raising the fee it charges fuel distributors to help source a huge amount of international carbon credits required by a change in the nation's climate law.

Incentives work in persuading people to switch to renewables, Norway’s Prime Minister Jonas Gahr Store said Thursday, pointing out that by 2025 there will be no new sales of fossil fuel-powered cars in the country.

They live on flood-plains contaminated by potentially harmful levels of toxic waste, research reveals.

Biodiversity credits could lead to organisations making inaccurate nature-positive claims because the lack of standards makes assessing their veracity impossible, a report has found.

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Experienced European corporate sustainability leaders would be willing to pay as much as 82% more for high-integrity carbon credits due to an understanding of the benefits they bring over low-quality units, according to a survey published on Thursday by a carbon credit marketplace. 

A UK state visit to France aiming to cement climate collaboration between the two countries has resulted in a series of nature-based investments from retail companies, investment houses, and not-for-profits.