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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.

Sales are through the roof

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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.

Dozens of people dead in east Africa as El Niño and Indian Ocean dipole cause increased rainfall during monsoon season

In the past couple of days devastating floods have affected Somalia and surrounding countries, leaving 29 people dead and more than 300,000 people displaced from their homes, with figures expected to rise further as many remain trapped by flood waters.

Kenya also experienced flooding, with 15 deaths recorded. Nazanine Moshiri of the International Crisis Group said the cause of these devastating floods was the combined effect of two weather phenomena: El Niño and the Indian Ocean dipole.

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The spot price in China’s national emissions trading scheme (ETS) extended recent losses over the past week amid sustained liquidity, while the domestic offset market saw improved trading volumes despite unclear supply outlook.

Species now extinct in 20 counties in England due to loss of woodland scrub and milder winters

Populations of the hazel dormouse, perhaps the most elusive native British mammal, have plummeted by 70% this century.

The nocturnal, tree-dwelling animals are now extinct in 20 counties in England and the species must be reclassified as “endangered” on the International Union for Conservation of Nature red list, according to a study by the People’s Trust for Endangered Species (PTES).

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The best of this week’s wildlife photographs from around the world

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Prime Minister Anthony Albanese has announced a pact with low-lying Pacific Island nation Tuvalu to allow residents facing worsening climate change impacts the option to resettle in Australia.

The Euclid telescope will spend six years in space, creating a 3D map of galaxies formed around 10 billion years ago. Find out more here.