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California's free carbon allowance distributions to industrials will rise for 2024, with petroleum and hydrogen production accounting for the highest year-on-year climb, according to data from state regulator ARB published on Friday.

The US Court of Appeals for the Fifth Circuit ruling in favour of small refineries' arguments for exemptions for ethanol blending under the Renewable Fuel Standard (RFS) against the EPA could cause a renewable fuel supply glut, two industry experts agreed.

In the context of increasing reports of forest carbon-related cooperative approaches under Article 6 of the Paris Agreement, Parties should apply strive to ensure that all credits transacted are of the highest quality by applying guidance developed by leading environmental and Indigenous organisations, writes the Wildlife Conservation Society and other groups.

Deforestation in Brazil’s Cerrado region was the worst on record last month, according to government data.

A global network of forest mapping and monitoring actors on Friday launched the development of a biomass reference system in an early step towards a free, independent, and public system for the validation and calibration of forest carbon stock data. 

Remains of baby dinosaurs inside another dinosaur reveal what a young predator ate 75m years ago.

Oil and gas interests are fighting hard to prevent decarbonisation, as they always have done

It was never really in doubt. But the first week of Cop28, which ended with a rest day on Thursday, made one crucial fact impossible to ignore: the fossil fuel industry is not planning to go quietly. Far more of its lobbyists are in the UAE than have attended UN climate talks before. One analysis counted 2,456 of them – nearly four times the number registered last year in Egypt.

The battle is hotting up over what next week’s report on progress towards the Paris goals, known as the global stocktake, will say. Fossil fuel interests – both corporate and national – are pushing hard to avoid references to the phase-out that would signal the end of their business model and vast profits. They don’t want an energy transition that leads to their demise.

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Xpansiv's spot carbon credit exchange CBL is set to introduce a new fee in January for access to its platform, although charges will be waived for customers that meet minimal trading thresholds, the company announced this week.

Blast in Sidcup not being treated as terrorism but counter-terror officers are leading investigation

The London mayor’s office has condemned a “grotesquely irresponsible” attack in which a camera enforcing the city’s ultra-low emission zone (Ulez) was damaged with what appeared to be a homemade bomb, saying lives were put at risk.

There was no immediate reaction on the incident from Downing Street or the Home Office, with No 10 saying it could not comment amid a police inquiry, but that it condemned “criminality more generally”.

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Norway-based utility Stakraft has signed a long term offtake agreement for African cookstove emissions reduction carbon credits, although the company's focus is set to switch to removals over time, the company revealed to Carbon Pulse.

Two more carbon-counting methodologies have been added to the French government’s carbon credit certification programme, the ministry of ecological transition said this week.

A US-based carbon crediting start-up for smallhold farmers has partnered with a Nigerian non-profit, as it looks to scale its operations in the new year, its co-founder told a side event at COP28 in Dubai Friday.

The next replenishment of the World Bank's International Development Association, its concessional financing arm for the poorest countries, needs to be the "largest of all time", according to World Bank President Ajay Banga speaking Thursday in Zanzibar as part of the IDA20 Midterm Review.

Canada’s patchwork system of carbon pricing, particularly relative to US incentives, threaten the competitiveness of Canadian trade-exposed sectors, say representatives of the nation’s oil and gas economies.

New buildings must be zero-emission and have solar panels by 2030, and fossil fuel boilers to be banned by 2040

New buildings in the EU must have no emissions from fossil fuels by 2030, and boilers that use those sources will be banned by 2040 under a new deal on energy and homes.

The rules, agreed between MEPs and member states but not yet formally adopted, set targets to make buildings waste less energy. Subsidies for standalone oil and gas boilers will stop by 2025.

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The Q4 RGGI cap-and-trade auction cleared well above its previous all-time record settlement and in line with broad market expectations, slightly below secondary market values with an uptick in compliance participation, according to results published Friday.

Australia’s climate minister flags difficulties around any final wording but hails ‘important symbol’ as talks intensify in Dubai

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Chris Bowen has indicated Australia may be willing to back a global commitment at the Cop28 climate summit to phase out fossil fuels.

The Australian climate change minister has also flagged that position may be unlikely to be adopted at the meeting in the United Arab Emirates unless it was attached to the word “unabated” – a controversial and undefined term usually taken to mean fossil fuels can continue if they are cutting their pollution through the use of carbon capture and storage (CCS).

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The Asian Development Bank’s carbon crediting fund that goes live next year signed its first partner on Friday at Day 8 of the COP28 summit.

A county-level government in China’s Fujian province has sold a batch of the nation’s first-ever soil and water conservation carbon credits with other public agencies queueing to follow, as national regulators eye inclusion of the credit type in the national offset market.

‘We cannot negotiate with nature’ says Denmark’s climate minister as talks to phase out fossil fuels hang in balance

The next few days could be the world’s last chance of keeping global heating within safe limits, nations meeting for the Cop28 UN climate summit have been told.

With talks in Dubai now entering their final phase, the world’s governments are still far apart on the central question of whether to phase out fossil fuels.

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