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Members of a bank-led initiative convened by the UN have overwhelmingly voted to adopt an updated version of guidelines for the setting of climate targets by the sector, extending the scope to include capital markets activities.

Washington state’s Q1 auction settled less than $2 from the scheme’s floor price and about 50% below where the prior sale had cleared, results published Wednesday showed, as growing uncertainty surrounding the future of the state’s nascent cap-and-invest programme deterred buyers.

The update, announced by standards body Verra on Wednesday, would make the improved forest management (IFM) methodology the first to allow generation of both emissions reductions and carbon dioxide removals-labelled voluntary carbon credits.

A world-renowned direct air capture (DAC) developer based in Switzerland announced the opening of its US headquarters in Texas, eying a tripling of its American team by the end of 2024.

Governor Josh Shapiro (D) looks to establish a standalone cap-and-trade programme for the state of Pennsylvania and formally leave the Regional Greenhouse Gas Initiative (RGGI), according to Shapiro’s energy strategy released Wednesday.

The next wave of orphaned oil and gas wells is about to crop up in the US, offering significant potential to generate methane abatement credits.

The two alpine regions projected to suffer the greatest loss of snow cover in the world are in Australia and Aotearoa New Zealand. Adrian McCallum, Discipline Lead - Engineering, University of the Sunshine Coast Licensed as Creative Commons – attribution, no derivatives.

Green MP Caroline Lucas says call for investment in gas-fired power plants is election ploy that will jeopardise UK’s net zero target

Green MP Caroline Lucas has accused the government of stoking a culture war on climate issues by calling for more investment in new gas-fired power plants before a general election.

Lucas used an urgent question in the House of Commons to challenge the energy minister, Graham Stuart, on the plans set out on Wednesday, which could see a string of new plants built in the coming years despite the government’s commitment to phase out fossil fuels.

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California Carbon Allowance (CCA) prices plunged early in the day Wednesday, with traders reporting lower stops being triggered and heavy selling ahead of options expiring on Friday.

A coal-fired power station in Hungary and a mine in Poland have been granted more time to operate as part of separate decisions, reported in local media on Wednesday, drawing threats of legal action from environmental groups that say the moves contradict national climate targets.

Two corporations that supply giant technology company Apple have committed to invest a combined $80 mln in a nature-based carbon removal fund.

Environmental trading platform Regen Network has sold two-thirds of the biodiversity credits available from a jaguar conservation pilot over a 10,000-hectare area in the Ecuadorian jungle, it said on Wednesday.

A Texas-based telecommunications company will purchase CO2 removal (CDR) credits from a US developer of direct air capture (DAC) facilities, the firms announced Wednesday.

The EU is still on track to cut its net greenhouse gas emissions 55% below 1990 levels by 2030 and reach climate neutrality by mid-century – with the help of carbon removals among other emerging technologies, according to a European Commission review of the bloc's progress towards the objectives.

A study of whales sheds light on the evolutionary puzzle of the menopause.

The UK government is planning to launch a consultation to explore how the nascent international biodiversity credit markets can “mutually reinforce” existing carbon credit markets.

Financial regulators should stick to issuing guidance on voluntary carbon market (VCM) trading and clarifying common definitions instead of regulating projects or imposing requirements such as public pricing, according to an industry body.

The capacity of ecosystem service valuation estimates to inform decision-making on nature conservation could be hindered by existing data gaps, a study has found.

The European Commission will issue a report by July 2026 on how to include carbon removals in the EU ETS, with experts ultimately supportive of the idea but warning of the risks it could pose.

The international arm of the European Investment Bank, EIB Global, will support projects for urban development and sustainable forestry in Mongolia, under the largest-ever financing agreement signed on Tuesday within the EU Global Gateway initiative.