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Less than 10% of green hydrogen production projects announced in 2023 eventually materialised, as high costs and limited demand hinder industrial adoption, according to a new peer-reviewed study released on Tuesday.

The emerging biodiversity credit market is affected by outsized supply, with available credits far outstripping demand, risking fatal consequences, according to analysts.

The EU should take steps to establish a compliance market for nature credits, as emerging national schemes risk falling short of mobilising enough finance for conservation and restoration efforts, an influential think tank has told Carbon Pulse.

Exclusive: Natural England furious that years of work has been undone, with minister urged to push policy through

Downing Street has blocked plans to release wild beavers in England because officials view it as a “Tory legacy”, the Guardian can reveal.

Natural England, the government’s nature watchdog, has drawn up a plan for reintroductions of the rodent, which until about 20 years ago had been extinct in Britain for 400 years, having been hunted for their fur, meat and scent oil. Beavers create useful habitats for wildlife and reduce flooding by breaking up waterways, slowing water flow, and creating still pools.

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A Ukrainian company has issued its first carbon credits generated from a renewable energy project, in a move it said will help raise investment in renewables and help cut emissions. 

A Brazilian developer is reviewing its biodiversity credit methodology for endangered species as part of the certification process under environmental standard Cercarbono, with plans to issue credits later this year, the company told Carbon Pulse.

The World Bank has issued a tender seeking consultants to develop roadmaps and carbon emissions reduction programmes under REDD+ to combat deforestation and degradation in the biodiversity-rich Upper Guinean Forests.

European carbon prices was little changed at midday on Tuesday after trading in a relatively tight channel between key technical levels in sync with a stable natural gas market.

The shift in the EU ETS compliance calendar has led to several changes in EUA trading patterns, as open interest has started to shift away from the historical first quarter buildup and into the summer months, but there remains significant activity in contracts that were formerly important for obligated entities.

An ocean-based carbon removal (CDR) provider will sequester 200,000 tonnes of CO2 over four years under a new agreement that, according to a company executive, represents the largest deal of its kind in the industry, backed by an aviation-focused sustainability investment firm.

Applications for an Africa-focused carbon removal (CDR) accelerator opened on Tuesday, with the programme looking to make Africa “a CDR powerhouse”.

Between 1,200 and 1,500 developer planning applications each month are engaging with biodiversity net gain (BNG) requirements, which suggests the law is working, a civil servant has said.

Russia adopted a law at the start of this year that will enable emissions reduction and removal projects to be developed in the country's forests.

Clean energy investment will in 2025 for the first time overtake upstream spending on oil and gas development with projected spend at $670 billion, according to analysts.

Three clean energy projects will receive a multi-million-dollar funding boost from the government of Western Australia, according to an official announcement.

Newcastle funnel-web spider’s last shared common ancestor with the Sydney funnel-web was 17 million years ago, experts say

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Kane Christensen’s passion is an arachnophobe’s nightmare. For two decades, he worked with deadly spiders at the Australian Reptile Park, a zoo located 80km north of Sydney – paying such close attention to the eight-legged predators that he helped scientists discover two new species.

He began there as a volunteer in 2003, milking venom from the fangs of Sydney funnel-web spiders. The park takes donations of captured male spiders from the public, using their venom to create life-saving antivenom. “Funnel-webs for me are just the pinnacle,” Christensen says.

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High court had ruled government was not meeting legal duty to clean up Costa Beck near Pickering

The UK environment secretary, Steve Reed, is pursuing legal action against a group of anglers who are trying to restore the ecosystem of a river.

Lawyers for Reed will argue on Tuesday in the court of appeal that cleaning up individual rivers and streams devastated by pollution is administratively unworkable.

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Exclusive: Costs of UK cleanup will reach £9.9bn a year in UK if emissions of ‘forever chemicals’ remain uncontrolled

• Industry using ‘tobacco playbook’ to fend off ‘forever chemicals’ regulation

The cost of cleaning up toxic forever chemical pollution could reach more than £1.6tn across the UK and Europe over a 20-year period, an annual bill of £84bn, research has found.

The number of British pollution hotspots is also on the rise. If emissions remain unrestricted and uncontrolled, the costs of cleanup will reach £9.9bn a year in the UK, according to the findings of a year-long investigation by the Forever Lobbying Project, a cross-border investigation involving 46 journalists and 18 experts across 16 countries.

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Producers add length while speculators take a step back from California Carbon Allowance (CCA), RGGI Allowance (RGA) holdings, while both groups made significant reductions to their Low Carbon Fuel Standard (LCFS) net length into start of year macro market weakness, according to delayed data released Monday from the US Commodity Futures Trading Commission (CFTC).

South Korea is planning an infrastructure fund worth one trillion won ($683 mln) to build an eco-friendly marine fuel supply chain by 2030.