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Higher issuances of more recent vintages as well as soaring interest in cookstove credits are among the key takeaways from the VCM in 2024, a year marked by an historic deal on Article 6 of the Paris Agreement, according to a report published on Friday.

A record number of new entrants in the voluntary carbon market (VCM) in 2024 offers a positive signal, despite lacklustre overall volumes and weak price movement.

Austria will abolish its climate bonus as part of a €6.4 billion budget cut announced Thursday by its new coalition government, which brings together centre-right and far-right parties.

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Verra was inundated with comments from stakeholders in response to a wide ranging survey on the core concepts of its Verified Carbon Standard (VCS) Programme, it revealed Friday.

An Estonia-based agtech company on Thursday announced it has completed a cross-border soil sampling campaign in Europe to generate carbon credits under the Verra standard.

The Republic of Ireland's incoming government coalition published this week a plan setting out the actions it aims to take over the next five years, with environmental organisations raising concerns over the lack of strong commitments on biodiversity protection and restoration.

The Iraqi government has in recent weeks deliberated on cooperative approaches, a source familiar with the matter said Friday – just weeks after the country announced it had begun reviewing carbon project proposals to take the Paris Agreement from theory to practice.

A UK national standards body on Friday closed a public consultation on the first nature market framework in the country, aimed at standardising how biodiversity benefits are measured and verified, while establishing requirements for high-quality metrics.

LNG trade may cease to be a bargaining chip in relations between Brussels and Washington under the next Trump administration, forcing the EU to rethink its energy transition plans for the coming years, according to experts. 

A direct ocean capture startup claims to have a unique way to use curtailed renewable energy to power the majority of its energy use, significantly reducing its drain on the electricity grid.

Some wildlife species have accumulated many times more than safe amount of PFAS in their tissue and organs

• Revealed: drinking water sources in England polluted with forever chemicals
• Revealed: scale of ‘forever chemical’ pollution across UK and Europe

Dolphins, otters, porpoises, fish and birds across the UK have been found to have toxic “forever chemicals” in their tissue and organs, analysis of official data has revealed.

Manmade chemicals called PFAS, known as forever chemicals because they do not degrade, are used in a wide range of consumer products and industrial processes and some have been linked to serious diseases in humans and animals, including cancers. PFAS have been found widely to pollute water and soils and are thought to be in the blood of every human on the planet.

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The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week.

European prices forged higher for a seventh consecutive day on Friday morning, breaching an important psychological level as buyers took control, while energy markets followed the strength in EUAs across the board.

A London-headquartered limestone-based carbon removal (CDR) provider announced Thursday it has secured $13 million in Series A funding.

The method put forward by the European Commission to calculate the exchange rate applicable when clawing back EU carbon allowances that are unduly or mistakenly delivered to operators “raises serious concerns”, according to Finland and other market players.

Multiple gulf states have adopted domestic greenhouse gas (GHG) emissions pricing or reporting schemes over the past year, reflecting coordinated efforts to reduce the carbon intensity of their economies, market participants said at Carbon Forward Middle East in Abu Dhabi.

Sentiment in the Chinese carbon market has fallen off a cliff in recent days after the completion of the annual compliance deadline, with permits trading below 95 yuan ($12.96) over the past week.

Region hit by strong winds, flash flooding and giant hailstones, causing one death and widespread power cuts

Severe thunderstorms have been wreaking havoc across eastern Australia this week, unleashing heavy rain, strong winds, flash flooding and giant hailstones.

In some regions there were wind gusts of more than 100mph (160km/h) and strong winds caused operational disruptions at Sydney airport as well as extensive damage nearby, including roofs being torn off buildings. An 80-year-old man died after a tree fell on his car in New South Wales, and several other injuries have been recorded. The storms also triggered lightning strikes, leading to widespread power outages that affected more than 200,000 homes and suspending rail services.

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Shopify spent $36.3 million on carbon removal (CDR) in 2024, increasing its total commitment to $83.9 million, the e-commerce company announced on Thursday.