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A €2.3 billion Finnish scheme to help industrial companies reduce their greenhouse gas emissions, including via carbon capture and storage, has been approved by the European Commission.

Sales of voluntary biodiversity credits have hit almost $5.6 million globally, with Australasian projects dominating the transactions, according to analysts.

RGGI allowance (RGA) prices rose around 2% last week amidst a cold weather front in the US Northeast and Mid-Atlantic region, while ongoing rulemaking uncertainty clouds outlook, market participants said.

A new entity is being launched to spearhead a project in Nigeria aiming to generate 5-6 million tonnes of carbon removal and avoidance credits related to mangroves and seagrass restoration, with government assurance given that credits can be aligned with Article 6 of the Paris Agreement and traded internationally.

A committee brought together by the French government gathered this week to lay the groundwork for expanding the national biodiversity credit market, with five organisations ready to generate units over the next couple of years.

Ambitious UK project aims to forecast climate catastrophes using fleets of drones, cosmic ray detection, patterns of plankton blooms and more

An ambitious attempt to develop an early warning system for climate tipping points will combine fleets of drones, cosmic ray detection and the patterns of plankton blooms with artificial intelligence and the most detailed computer models to date.

The UK’s Advanced Research and Invention Agency (Aria), which backs high-risk, high-reward projects, has awarded £81m to 27 teams. The quest is to find signals that forewarn of the greatest climate catastrophes the climate crisis could trigger. Tipping points occur when global temperature is pushed beyond a threshold, leading to unstoppable changes in the climate system.

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Some 200 million credits currently available in the voluntary carbon market (VCM) are likely to be eligible for CORSIA Phase 1 (2024-26), according to analysis published on Tuesday by a ratings agency.

A voluntary carbon integrity initiative has opened a call for proposals to help it evaluate its support programme for host countries that are looking to scale international market engagement.

A carbon removal standard has unveiled a series of updates to its registry and certification platform, including new durability labels on issuances.

European carbon prices continued their downtrend on Tuesday, breaching several key technical support levels, as the weight of the ongoing TTF gas market sell-off kept pressure on EUAs, with speculators said to locking in profits amid a meeting between the US and Russia to discuss an end to the war in Ukraine.

Marine biodiversity credits are attracting a lot of interest from market actors, though transaction values are growing slowly, a Biodiversity Credit Alliance (BCA) executive has said.

No country has so far released a National Biodiversity Strategy and Action Plan (NBSAP) that meets all the requirements for conserving and restoring 30% of lands and waters by 2030 as required under UN targets, a study has shown.

Early monitoring, reporting, and verification findings for a marine carbon removal project suggest "minimal" environmental impact from the removal process, although further large-scale testing is needed, according to the California-based developer.

A carbon standards-setter has approved three new digital monitoring, reporting, and verification (dMRV) pilot projects aimed at enhancing transparency, efficiency, and access to climate finance in its projects, it announced on Tuesday.

A UK waste management company will launch a carbon capture pilot at an energy recovery plant in preparation for the full-scale deployment of new carbon capture and storage (CCS) technology at another facility, which will be the first of its kind in the country.

A French oil and gas major has teamed up with a gas technology firm to decarbonise its refineries with green hydrogen, in a bid to reduce its CO2 emissions by 450,000 tonnes annually, the companies announced on Tuesday.

The EU’s industrial policy choices must reflect evolving geopolitical dynamics and could be used as a platform to develop relations with like-minded nations when it comes to trade in clean technologies and transition minerals, a think tank has said.

A carbon market veteran on Tuesday launched a new mobile app that will allow retail investors to participate in what has historically been a corporate-dominated market.

Japan has approved three sets of policies that will shape the trajectory of the country's emissions trends and energy development through 2040, including finalising its next Nationally Determined Contribution (NDC) under the Paris Agreement.