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The UK government will provide £500 million to keep the largest steel plant in the country open and to reduce its carbon footprint by switching its energy source from coal to electricity, the British government said in a statement on Friday, although doing so will likely lead to thousands of job losses.

A lot of India’s voluntary carbon projects produce credits of low quality, and the country should engage in the high end of the market to attract greater investment, a carbon market veteran told a conference in New Delhi this week.

The US-headquartered Rockefeller Foundation has pledged to invest over $1 billion in the coming five years to expedite the global climate transition.

EU carbon prices extended their gains for a third day on Friday morning as the short squeeze triggered by Wednesday's Commitment of Traders report continued amid very thin trading activity, while energy prices weakened as the outlook for gas supplies remained uncertain.

Government hopes companies including Shell will be able to store up to 10% of the UK’s annual carbon emissions

Oil companies have been granted licences by the government that it hopes will enable them to store up to 10% of the UK’s carbon emissions in old oil and gasfields beneath the seabed.

The government awarded more than 20 North Sea licences covering an area the size of Yorkshire to 14 companies that plan to store carbon dioxide trapped from heavy industry in depleted oil and gasfields.

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Extreme weather events and biodiversity loss create major risks for Australian insurers, but also opportunities to invest in projects and instruments that mitigate those risks, the Insurance Council of Australia (ICA) said Friday.

The growth in solar and wind electricity generated across EU countries spared the equivalent of 54% of the total fossil gas imports from Russia in August, according to analyst findings published on Friday that highlight how the rapid expansion of renewables is helping EU nations cover the loss of Russian supplies.

Using enhanced rock weathering (ERW) in the agricultural sectors of tropical regions offers promising potential to combat climate change while enhancing crop yields, a study has found.

A developer of a carbon transport and storage network off the coast of north-east Scotland is among the 14 companies to have been awarded 21 licences in the UK’s first-ever carbon storage licensing round, conducted by the North Sea Transition Authority (NSTA).

China’s national carbon markets saw prices continued to increase over the past week despite a decline in trading volume, while trading activity in the offset market improved somewhat ahead of the relaunch of the national voluntary programme.

Plastic credits such as the ones it issues itself should be an integral part of a new global plastic treaty framework to help close the estimated $40 billion finance gap to stave off the plastic crisis, environmental credits standard body Verra has told the UN.

Exclusive: EU restricts use of eight chemicals, with 16 more in pipeline; UK has two under consideration

Several toxic chemicals that have been banned in the EU since Brexit are still allowed to be used in the UK, it can be revealed, as campaigners say the lower standards are putting public health at risk.

The UK has not been part of the EU’s chemicals regulations scheme since 2021 and instead has its own, called Reach. Eight rules restricting the use of hazardous chemicals have been adopted by the EU since Brexit, and 16 more are in the pipeline. The UK has not banned any substances in that time and is considering just two restrictions, on lead ammunition and harmful substances in tattoo ink.

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India could earn significant revenues from engaging proactively in Article 6 cooperation and earn up to $12.5 billion annually in the international carbon market by 2030, according to the International Emissions Trading Association (IETA).

ICE is introducing a liquidity provider programme to boost trade in its voluntary carbon credit futures, the exchange said Friday.

Growth in China’s thermal power generation declined in August, with the overall power generation remained stable from a year ago amid gradually improved economic sentiment, government data showed Friday.

The best of this week’s wildlife photographs, including a jellyfish bloom, a happy seal, and a endangered Amur leopard cub

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The environmental justice committee for California state regulator ARB on Thursday asked the Board to immediately scrap avoided methane credits in the agency's forthcoming Low Carbon Fuel Standard (LCFS) rulemaking, as well as impose limits for lipid biofuels.

System not fit for carbon offsetting, puts Indigenous communities at risk and should be replaced with new approach, say researchers

Rainforest conservation projects are not suitable for carbon offsetting and a different approach should be used to effectively protect critical ecosystems such as the Amazon and Congo basin, a report has concluded.

New research by UC Berkeley Carbon Trading Project looking into rainforest carbon credits certified by Verra, which operates the world’s leading carbon standard, found that the system is not fit for purpose.

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A new report explores options for managing the period after global warming exceeds 1.5℃. This is called ‘climate overshoot’, because we’re pushing past the safe zone into dangerous climate change. Jonathan Symons, Senior Lecturer, Macquarie School of Social Sciences, Macquarie University Licensed as Creative Commons – attribution, no derivatives.

Big Butterfly Count records increase on 2022 but longer-term trends show declines for some of most common species

This year’s capricious summer weather has been an unexpected boon for Britain’s butterflies, with the biggest insect count in the world recording an increase on last year’s all-time low.

Red admirals dominated the Big Butterfly Count as citizen scientists recorded an average of 12 butterflies per 15-minute count, up from nine in 2022.

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