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The New Zealand government on Sunday announced an agreement to fund emissions reductions of some 800,000 tonnes per year at the nation’s biggest recipient of free carbon allowances under the NZ emissions trading scheme.

Keir Starmer has drawn flak for his revolutionary housebuilding plans, but history shows it can be achieved while still protecting the environment

Imagine a reservoir of wealth, worth very many billions of pounds, a latter-day North Sea oil, lying underneath the country. One that, what’s more, is public property. What government would not want to turn it to the benefit of its favoured policies – for example to ending the nation’s eternally unsolved housing crisis, to returning to young and not-so-young people the degree of access to decent housing that former generations enjoyed?

This reservoir exists. It consists of the potential value of land that is released when planning permission is granted for housing, or other profitable development. Thanks to the postwar government of Clement Attlee, whose nationalisation of development rights is still partly unprivatised, it belongs to government. It could be extremely helpful to a future Labour administration, if it seriously wants to restore, as Keir Starmer put it last week, both economic renewal and the housing security that “working people… desperately need”.

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Singapore and Kenya have signed a Memorandum of Understanding to develop a bilateral agreement on carbon credits generated under Article 6 of the Paris Agreement.

'Enhanced rock weathering' uses tiny volcanic rocks to capture the greenhouse gas carbon from the atmosphere.

A daily summary of our news plus bite-sized updates from around the world.

The G7 on Saturday endorsed new investments in natural gas as a "temporary" solution to reduce countries’ dependence on Russian energy amid the war in Ukraine, drawing sharp criticism from climate campaigners.

The actor and ex-governor tells Laura Kuenssberg politicians must move faster to preserve the planet.

Just 192 hectares of ‘natural colonisation’ have been established in England under woodland creation offer

A government scheme to support the natural regeneration of trees has in two years created an area of new woodland smaller than Regent’s Park in London.

Just 192 hectares (474 acres) of “natural colonisation” have been established in England through the woodland creation offer, a financial support package launched by the government in May 2021 after natural regeneration was hailed as one of the cheapest, efficient and most wildlife-friendly ways of increasing tree cover and capturing carbon.

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New York government agencies on Friday announced a series of webinars next month to solicit initial input on crafting the state’s cap-and-invest regulation, as it also disclosed the rough process for completing the rulemaking and said it will consider the design of existing North American economy-wide carbon markets.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including North Carolina’s Senate passing a budget that would block a RGGI-modelled cap-and-trade system, Colorado regulators considering a market-based climate programme for industrial emitters, and New York lawmakers advancing clean fuel standard legislation to the Senate floor.

Producers increased California Carbon Allowance (CCA) holdings as permit prices dipped ahead of the WCI Q2 auction, while financial entities sold down their CCA net length but added to RGGI Allowance (RGA) holdings, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

The US Department of Justice (DOJ) on Friday sentenced a Los Angeles resident to 40 months in prison after he pled guilty to wire fraud by selling fraudulent biofuel credits under the Renewable Fuel Standard (RFS).

Offset standard manager and developer Verra on Friday said it will launch carbon credit labels to signify emissions removals and compatibility with the Paris Agreement, while ditching designations for other project attributes.

Colombia’s High Court has selected to hear a lawsuit from an Indigenous group against a REDD+ project within their territory in the Amazon rainforest, potentially setting a precedent for drawing legal limits on similar voluntary carbon market (VCM) projects in the country, a media alliance reported Thursday.

Wildlife and environment groups condemn plan promising renewable energy for 600,000 homes

Plans for a renewable energy tidal barrier linking Norfolk and Lincolnshire have sparked fierce debate between scientists, wildlife charities and a port company CEO who is leading the project.

Entrepreneur James Sutcliffe, who has managed and advised port companies in Sierra Leone and Bangladesh, has now set his sights on the Wash, which is the sea, mudflats and salt marsh between the two counties.

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Ghana and Thailand are frontrunners among major carbon credit-supplying nations in the Global South in taking steps to enable international emissions trade under the UN Paris Agreement, according to a report published on Friday detailing progress among the selected 20 countries.

Institutional investors need a rate of return on parity with top quartile private equity to overcome the risks associated with pumping money into the voluntary carbon market (VCM), a finance company boss told Carbon Pulse on Friday.

Tanzania has signed an MoU with a Singapore-registered holding company that was incorporated just six weeks ago to develop what could be by far the biggest carbon credit project yet in Africa, with sources telling Carbon Pulse that the government has other similar agreements akin to Zimbabwe's controversial new approach that it has lined up with foreign investors.

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The world’s top fossil fuel companies owe at least $209bn in annual climate reparations to compensate communities most damaged by their polluting business and decades of lies, a new study calculates.

BP, Shell, ExxonMobil, Total, Saudi Arabia’s state oil company and Chevron are among the largest 21 polluters responsible for $5.4tn (£4.3tn) in drought, wildfires, sea level rise, and melting glaciers among other climate catastrophes expected between 2025 and 2050, according to groundbreaking analysis published in the journal One Earth.

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