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Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).

The world’s governments should balance incentives with penalties to foster more effective carbon offsetting in the tourism industry, a new study recommends.

Voluntary carbon standard Verra on Friday inactivated more project methodologies, adding to the list of protocols being removed from service due to low use or revisions.

A California-based non-profit research group estimated that recent wildfires in New Mexico have eliminated almost 202,000 offsets eligible under regulator ARB's compliance scheme, according to a Wednesday blog post.

A controversial suite of US Environmental Protection Agency (EPA) standards on existing coal and new natural gas plants will reduce CO2 power emissions by 155-241 million tonnes by 2035 but fail to see carbon capture and storage (CCS) deployed at a wide scale, according to a note published Thursday by a New York-based research group.

The US Supreme Court on Friday overturned the so-called Chevron doctrine, a 40-year-old precedent which held that judges should defer to the expertise of federal agencies when laws passed by Congress are unclear.

The EU’s climate agenda in the past five years has been focused chiefly on domestic action, but the next phase of policymaking will see a growing emphasis on international relations and trade, EU and national officials said on Thursday.

Wembley invited seismologists to set up monitors around the stadium for her first three London dates.

Denmark has kick-started the bidding process for winning a government subsidy to build carbon capture and storage (CCS) facilities in the country.

Avoidance offsets, both legacy technology-based and nature-based avoidance credits with co-benefits, are the highest risk areas in the current voluntary carbon market, according to a report published this week.

European carbon prices continued their week-long slide on Friday morning to set yet another two-month low as the market headed for a weekly loss amid declining liquidity and a narrowing price range, while power and coal markets also looked set to record a second weekly drop and natural gas was little changed from last Friday.

A top police wildlife crime unit tackling global smuggling is to be effectively axed, the BBC learns.

Global carbon capture capacity will surge to 440 millions tonnes per annum (Mtpa) while storage capacity will reach 664 Mtpa by 2034, but will still fail to meet demand, global energy data and analytics provider Wood Mackenzie has predicted.

Denmark’s move to impose a CO2 tax on livestock emissions marks a historic moment in pricing carbon emissions in agriculture, though the level of tax and phase-in schedule was scaled back in ambition, say experts.

An additional 96 organisations have pledged to adopt recommendations on nature-related financial disclosures within the Taskforce on Nature-related Financial Disclosures (TNFD) framework, bringing the total to 416 adopters with over $6 trillion in market capitalisation.

There's no evidence that Biodiversity Net Gain (BNG) units developed using the statutory biodiversity metric in England result in improvements for birds and butterflies, as additional conservation efforts are needed to reach 10% net gain for those species, a newly published study has found.

China’s national carbon market saw allowance prices remain rangebound over the past week with a healthier trading volume, as pessimism persists among participants due to the lack of regulatory developments.

Japan on Friday published a draft methodology under the Joint Crediting Mechanism (JCM) for an increasingly popular farming technique, as the country seeks to expand the scope of the bilateral programme to cover overseas agricultural carbon projects.

Downpours moved south from Alps as far as Emilia-Romagna and Tuscany, causing rivers to overflow

Heavy rain and thunderstorms have caused havoc in Switzerland and northern Italy over the past week. Switzerland was badly hit on Friday 21 June, with downpours delivering more than 100mm across many areas – more than half of this within one hour.

Flash flooding and landslides swept away cars and houses, with at least one person known to have died, alongside widespread damage to transport infrastructure. The mountain resort of Zermatt was entirely cut off due to a combination of flood water, road closures and suspended train services.

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Fears of fire and environmental disaster as company repeatedly misses UK deadlines to decommission sites

The North Sea’s biggest oil and gas infrastructure company is risking fires and environmental disasters, experts have warned, as documents reveal it is failing to plug its ageing oil wells in time and is missing decommissioning deadlines by up to a decade.

Last year, the fossil fuel firm Perenco faced controversy after an oil spill from its Poole Harbour operations polluted the Dorset site, which is internationally recognised for its ecological importance. The RSPB reported oiled birds in the water at the largest natural harbour in Europe, which is one of the most heavily protected areas in the UK. Perenco promised it would never happen again and committed to pay for the damage caused.

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