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The first RGGI cap-and-trade auction of 2025 settled in line with RGGI Allowances (RGAs) in the secondary market the day before the sale, and below $20 as many market participants had expected, with Cost Containment Reserve (CCR) volumes cleared out.

The European Commission’s push for regulatory simplification may dilute efforts to impose strict rules for proving corporate climate claims, think tanks and trade associations in Brussels have told Carbon Pulse.

BP last week reported a 38% reduction in its combined Scope 1 and 2 emissions in 2024, compared to a 2019 baseline, bringing total emissions down to 54.5 million tonnes of CO2 equivalent.

The UK will restart a meaningful climate change dialogue with China, as Energy Secretary Ed Miliband arrived in Beijing on Friday for the first formal talks to accelerate climate action in nearly eight years.

Government body Natural England has sold £247,416 worth of statutory biodiversity credits since it introduced its biodiversity net gain (BNG) regulation last year, it said Friday.

European carbon prices were poised to snap a run of five weekly losses on Friday, as prices jumped late in the morning after a fairly lacklustre opening amid a surge of technical buying and options hedging.

Verra may revamp methodologies for reforestation and revegetation (ARR) as it seeks to expand the scope of projects eligible for phase one of CORSIA, the UN's Carbon Offsetting and Reduction Scheme for International Aviation.

An Indian carbon removal firm has entered into an agreement with Japanese conglomerate Mitsubishi Corporation to scale carbon dioxide removal (CDR) in South Asia by generating high quality and durable credits through enhanced rock weathering (ERW) projects.

Ed Miliband visits Beijing as part of plan to create global axis working in favour of climate action

• Ed Miliband: ‘The global battle against the climate crisis needs China’

The UK is hoping to shape a new global axis in favour of climate action along with China and a host of developing countries, to offset the impact of Donald Trump’s abandonment of green policies and his sharp veer towards climate-hostile countries such as Russia and Saudi Arabia.

Ed Miliband, the UK’s energy and net zero secretary, arrived in Beijing on Friday for three days of talks with top Chinese officials, including discussions on green technology supply chains, coal and the critical minerals needed for clean energy. The UK’s green economy is growing three times faster than the rest of the economy, but access to components and materials will be crucial for that to continue.

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A Croatia-based carbon project financier has inked an “exclusive” 10-year deal with a regional park in neighbouring Slovenia to develop “high-quality” carbon credits.

Early-rising UK stargazers woke up to a "blood Moon" lunar eclipse early on Friday.

Chinese carbon permit prices remained in a narrow trading range over the past week with shrinking volumes, while trading of the first voluntary carbon credits issued in China since 2017 has caused significant fluctuations in price.

The best of this week’s wildlife photographs from around the world

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Indonesia is looking to lift its moratorium on international credit issuances next month, according to a source familiar with the matter, a move that could breathe life back to the bruised voluntary carbon market (VCM).

I will be the first UK energy secretary since 2017 to visit. It is negligence towards today’s and future generations not to engage China on this critical topic

The climate crisis is an existential threat to our way of life in Britain. Extreme weather is already changing the lives of people and communities across the country, from thousands of acres of farmland being submerged due to storms such as Bert and Darragh to record numbers of heat-related deaths in recent summers.

The only way to respond to this challenge is with decisive action at home and abroad. Domestically, this government’s clean-energy superpower mission is about investing in homegrown clean energy so we can free the UK from dependence on fossil fuel markets while seizing the immense opportunities for jobs and growth.

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Exclusive: Officials explore restricting incentive to allocate greater funds to farms with less money and more nature

The richest farmers will not be able to apply for post-Brexit nature funding under plans for England being considered by the Department for Environment, Food and Rural Affairs (Defra).

Farming groups and climate experts have warned that such a plan would “leave farmers in the cold” and make it more difficult for the UK to reach net zero by 2050.

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What’s happening to our native wildlife across the country is just as horrific as what we witnessed in that video – it’s just occurring behind closed doors

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We’ve all seen the distressing footage of an American influencer taking a wombat joey away from its mother. The joey hisses and stirs, while the distraught mother circles the woman until she eventually drops it back to the side of the road.

The tourist calls herself both a conservationist and an ecologist. But most of us can recognise that this is not the behaviour of someone who values our native wildlife.

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Australia on Friday continued its clean energy spending, announcing it will invest A$750 million ($471 mln) in critical minerals and their development and processing through the Australian Renewable Energy Agency (ARENA).

The Loess plateau was the most eroded place on Earth until China took action and reversed decades of damage from grazing and farming

It was one of China’s most ambitious environmental endeavours ever.

The Loess plateau, an area spanning more than 245,000 sq miles (640,000 sq km) across three provinces and parts of four others, supports about 100 million people. By the end of the 20th century, however, this land, once fertile and productive, was considered the most eroded place on Earth, according to a documentary by the ecologist John D Liu.

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Albanese pledges more funds to make the mining and refining of critical metals – including alumina, aluminium, iron and steel – cleaner and greener.

The post Albanese pledges another $750 in funds for green industry and metals appeared first on RenewEconomy.