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The first auction for Phase 1 CORSIA-eligible credits saw airlines snap up units at $21.70 per tonne, organising trade body the International Air Transport Association (IATA) confirmed Wednesday.

Turkiye’s governing Justice and Development (AK) Party is preparing to introduce national climate legislation to the Grand National Assembly (TBMM) that would propose establishing a carbon border adjustment mechanism (CBAM) import levy alongside the country’s planned emissions trading system (ETS), according to local media reports.

Danish credit institutions are well-equipped to manage losses arising from the implementation of the country's new carbon tax on agriculture, according to a report from the country's central bank.

A Swedish company plans to collaborate with European institutions to help shape an EU-level nature market, with its biodiversity credit methodology among those that could be used under the scheme, its CEO told Carbon Pulse.

Creating industrial clusters can help to accelerate the rollout of clean energy infrastructure, helping to achieve economies of scale, share the risks, aggregate and optimise demand, and attract capital, according to a report released on Wednesday.

European carbon allowance prices weakened on Wednesday morning as the market appeared unable to shake off growing bearish sentiment, while the weekly Commitment of Traders data showed investment funds last week amassed their largest net long position in nearly three years.

Representatives of Heartland Institute linking up with MEPs to campaign against environmental policies

Climate science deniers from a US-based thinktank have been working with rightwing politicians in Europe to campaign against environmental policies, the Guardian can reveal.

MEPs have been accused of “rolling out the red carpet for climate deniers” to give them a platform in the European parliament, amid warnings of a “revival of grotesque climate denialism”.

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A developer of direct air capture (DAC) technology has signed an agreement with Shell US Gas and Power and the American arm of Mitsubishi Corp. to act as a key technology provider for the Pelican – Gulf Coast Carbon Removal DAC Hub in Louisiana.

Some areas of the Amazon experienced their worst drought in 120 years in 2024. Brazilian rivers such as the Negro fell to their lowest levels on record, affecting more than 140,000 families for months.
Photographer Musuk Nolte documented the crisis

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The UK natural asset manager Crown Estate has announced £20 million ($25 mln) in funding to support farmers in enhancing nature recovery as part of its broader biodiversity strategy.

The European Commission’s upcoming ‘competitiveness compass’, due to be presented next week, will serve as the “North Star” for EU policymaking in the next five years, and include a joint roadmap for decarbonisation and competitiveness, said Commission President Ursula von der Leyen.

Microsoft will buy an estimated $200 million worth of credits to restore parts of Brazil’s Amazon and Atlantic forests, the tech giant told the Financial Times, amid a surge in emissions driven by artificial intelligence.

In a decision Woodside says is "not particularly" related to America's new fossil fuel focus, the Australian oil and gas major has marched back its US "new energy" plans.

The post Woodside quits US concentrated solar project, puts green hydrogen plans on hold appeared first on RenewEconomy.

France-based bank BNP Paribas has recommended two metrics for assessing the impacts of human activity on rare species, in a bid to get a more complete picture of biodiversity.

December saw a major jump in the retirement of credits tagged with Integrity Council for the Voluntary Carbon Market (ICVCM)’s CCPs quality label, registry data analysed by Carbon Pulse shows.

Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies

Homeowners in the United States are facing an enormous financial crunch due to the climate crisis, with many struggling to find insurance or even dropping premiums that are soaring due to a mounting toll of wildfires, hurricanes and other disasters, new federal government data shows.

The figures, the most comprehensive numbers ever released by the US treasury department on the issue, show insurance premiums are increasing quickly across the country, with people living amid the greatest climate-driven risks experiencing the steepest rises of all. In the four years to 2022, people living in the top 20% riskiest places for such perils paid, on average, 82% more than those in the 20% lowest climate risk zip codes.

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Regulators in South Korea are preparing to introduce emissions-linked financial products, as more financial institutions will soon have access to the country's national carbon market.

António Guterres issues warning at Davos, days after Donald Trump pulled US out of Paris climate agreement

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The world’s addiction to fossil fuels is a “Frankenstein’s monster sparing nothing and no one”, the UN secretary general, António Guterres, told leaders at the World Economic Forum in Davos on Wednesday.

“Our fossil fuel addiction is a Frankenstein’s monster, sparing nothing and no one. All around us, we see clear signs that the monster has become master,” Guterres said in a speech days after 2024 was revealed to have been the hottest year on record and Donald Trump began his second term as US president by pulling the country out of the Paris climate agreement and pledging to “drill, baby, drill” for more oil and gas. The fossil fuel industry gave $75m (£60m) to Trump’s campaign.

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Experts say UK should stop biomass burning as electricity sector decarbonisation by 2030 can be achieved without it

The UK should stop burning wood to generate power because it is not needed to meet the government’s target of decarbonising the electricity sector by 2030, according to analysis.

Ed Miliband, the energy security and net zero secretary, is expected to make a decision soon on whether to allow billions of pounds in new public subsidies for biomass burning, despite fierce opposition from green groups.

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A Danish waste-to-energy company has partnered with a fund manager to build a bioenergy with carbon capture and storage (BECCS) site near Copenhagen that could generate carbon credits for corporate buyers, the two firms announced on Tuesday.