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Winners each awarded $1.2m at environmental awards founded by Prince William, and held in Asia for the first time.

The highest number of quarterly credits in the history of the programme saw Oregon's Clean Fuels Program (OCFP) generate the second highest quarterly net credit surplus during the second quarter of the year, even as gasoline deficits reached their peak, according to state data published Thursday.

An offset project developer part-owned by a major oil company has denied allegations by a Brazilian investigative news outlet that Indigenous people in the Amazon were deceived into signing carbon credit contracts.

The Attorney General’s office in New Hampshire is scrutinising the new business model of Bluesource Sustainable Forest Company (BSFC), which owns a 59,000-hectare tract at the state's tip, to assess its compliance with a 20-year-old easement originally intended for logging and recreation.

A Toronto-headquartered global wealth and asset manager announced on Friday the initial close of its forest fund investing in sustainably managed forests where carbon sequestration is prioritised over timber production.

Solar output records tumble across the grid on Friday, with the gap between solar power and coal output stretching to nearly 10 GW at one stage.

The post Solar records tumble across the grid, stretches midday gap over coal to nearly 10 GW appeared first on RenewEconomy.

A German-Brazilian startup focused on enhanced rock weathering (ERW) in tropical regions has successfully raised €5.6 million in an oversubscribed funding rounds, led by prominent impact, climate, and tech investors.

The Americas Partnership Fund for Nature will receive an initial $10 million from the US government, the White House said last week before launching the financing vehicle officially via a fact sheet Friday.

The Norwegian government on Friday set out a 2024 budget proposal that would carve out $270 million for it to spend on carbon units to help meet its EU climate policy obligations.

With the voluntary carbon market at a "crossroads", a plethora of countries developing new carbon pricing systems, and mature compliance mechanisms such as the EU ETS expected to require removals integration further down the line, the need to connect these different emerging and established schemes is more apparent than ever, according to observers at a high-level industry event this week, with most routes for doing so leading towards Article 6 of the UN Paris Agreement.

The UK government’s climate policies rely on carbon removals but don’t sufficiently take into account the uncertainties involved in developing and scaling up the technologies, and this is distorting decision making, according to new academic research.

Oil and gas companies will be obliged to meet their share of an EU target of 50 million tonnes of annual operational CO2 injection capacity by 2030, according to a new compromise text that the Spanish presidency has circulated to EU member states ahead of a working group meeting on Monday.

The noise around efforts to tackle plastic pollution has risen to a fever pitch, a week before the negotiations for a global treaty to address the issue are due to begin.

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EUA prices fell back along with energy markets on Friday morning as the weakening trend in carbon reasserted itself, though technical analysts suggested the market may be poised for a rally.

Legislation will set targets to restore 20% of EU land and seas by 2030, and 90% of degraded habitats by 2050

EU lawmakers and member states have struck a deal on a landmark law to protect nature after watering down rules that critics argued would trouble farmers.

The nature restoration law, a hotly contested pillar of the European green deal, will force EU countries to restore at least 20% of the bloc’s land and seas by the end of the decade. It contains binding targets to restore at least 30% of degraded habitats by then, rising to 60% by 2040 and 90% by 2050.

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A “harmonious coexistence” between nature, chemicals, and people has been targeted by a major chemicals and cosmetics corporation.

Terraformation, a global forestry company led by former Reddit CEO Yishan Wong, has announced the advancement of the first cohort of its Seed to Carbon Forest Accelerator to the second phase of the programme.

A series of studies released by the US arm of the Forest Stewardship Council (FSC-US) show that forests certified by the international non-profit in North America hold more carbon compared to commonly managed forests.

South Pole chief executive Renat Heuberger is stepping down from his position with immediate effect after losing the support of the board of the company in the wake of last month’s suspension by certifier Verra of the Kariba REDD project in Zimbabwe, the company said on Friday.