Feed aggregator

California regulator ARB illustrated a large reduction in free allowances to electricity distribution units (EDUs), while discussing expanded mandatary emissions reporting that could add new sources of compliance in the joint ETS scheme at a public rulemaking workshop on Friday, but once again refrained from divulging eagerly awaited annual budget cut details, keeping prices in the secondary market in check.

European carbon prices could “take a breather” after rallying 50% from their recent low, analysts at a major investment bank said this week, though they maintained their bullish long-term view.

A rare plant has the largest genome of any organism on earth - holding 50 times more DNA than humans.

After chaotic scenes in Dubai at COP28, observers have called for calm on Article 6 talks taking place during a crunch UN intersessional climate summit in Bonn this week, with the technicalities of how to organise sovereign carbon trading rules expected to come into focus.

The Turkish energy exchange launched a new platform to mediate the purchase and sale of voluntary carbon credits, with the first transaction taking place last week.

An analysis of 22 rulings by national courts backs the case for stronger rules to protect consumers against misleading environmental claims by companies, as legislators examine the EU's proposed Green Claims Directive.

Corporates are keen to report voluntary carbon credit retirements, but only half the market reveals the names and details of the projects behind the carbon credits they use, research finds.

Steel production company ArcelorMittal will be handed over €1.27 billion in subsidies to decarbonise its production at two plants in Germany, the country's government announced on Thursday.

Canada must advance its study on CO2 removal (CDR) technologies to support its climate goals, a report published by the Environment and Climate Change Canada (ECCC) revealed.

Companies should ramp up their efforts in monitoring and reporting their biodiversity impacts rather than wait for a regulatory framework to be established, the EU lead negotiator for the Global Biodiversity Framework (GBF) has said.

Scotland must urgently ramp up public investments in nature protection, a group of NGO has said, expressing concerns over the impact of biodiversity credits following the government's plans to support the development of the voluntary market in the country.

European carbon prices spent another morning wedded to TTF natural gas, tracking marginally higher at midday, with a strong auction result also feeding in support, while UKAs continued to rally, jumping over 6% to squeeze the spread between the two markets to a 13-month low.

Canada needs to close the policy gaps in its approach to biodiversity offsets and stormwater credits, such as third-party investor involvement, a conservation investment-focused network said in a paper this week.

A group of researchers has discovered a method to cut nitrous oxide (N2O) emissions from agricultural production, which up until now had been considered “unavoidable”.

Peter Liese, a German conservative who was the European Parliament’s speaker on the EU’s Emissions Trading Scheme (EU ETS) in the current five-year mandate, expressed concerns that Europe will lose its industry as it gets closer to reaching its 2030 climate goals.

Zoo welcomes 11 Humboldt chicks, its highest number in a decade, with previous arrivals named after crisps

In previous years Chester zoo’s new penguin chicks have been named after crisps – Frazzle, Wotsit – and local football club owners – Ryan, Rob – but the names p … p … p … picked this year are notably less frivolous.

“We’ve decided to go with plants,” said Zoe Sweetman, the penguins and parrots team manager at the zoo. Two of the spikier new arrivals have been named Nettle and Thistle while two others with “colourful personalities” have been named Daffodil and Tulip.

Continue reading...

Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.

Developments in artificial intelligence (AI) are speeding up the time it takes to process large amounts of scientific data and could potentially help scientists make better decisions about how to preserve biodiversity, say industry experts.

EPA says proposal to keep Hunter Valley Operations mines going to 2050 would release almost 30m tonnes of CO2

• Follow our Australia news live blog for latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

The New South Wales environment watchdog says a plan to extend the life of a Hunter Valley coal-mining complex to 2050 is the “largest coal-mining proposal ever put forward” in the state.

Plans by Yancoal and Glencore to keep its joint-venture Hunter Valley Operations (HVO) mines in the Upper Hunter region going would see almost 30m tonnes of CO2 released, the EPA said in a letter to the state’s planning department.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

The biggest steel producer in Japan has set itself emissions targets that are not aligned with the world’s ambitions, relies on inadequate technology to achieve it, and refuses to give up on coal, putting its own future at risk, an industry watch group said Friday.