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Global Environmental Markets' (GEM) sale of its fully integrated carbon registry business to Qatar-based offset standards body Global Carbon Council (GCC), which was announced at COP28 in Dubai last year, has been cancelled, the parties told Carbon Pulse.

The Regional Greenhouse Gas Initiative (RGGI) Board of Directors unanimously elected a new slate of officers to serve on the programmes three committees on Friday, including the selection of a new board chair.

Lithuania-based HeavyFinance has announced a partnership with Multitude Bank, a subsidiary of the Nordic-born FinTech Multitude Group, to support sustainable farming practices across Europe.

Canadian cleantech firm CarbiCrete announced on Thursday a carbon financing partnership with Meta Platforms to advance its cement-free concrete production technology, aiming to cut emissions in the construction sector.

The US Department of Energy announced on Friday a $6 million investment in a transport project from onshore facilities to geologic storage off the coast of Texas.

A Maryland climate commission voted Thursday to recommend the state delay adoption of an economy-wide cap-and-invest programme in order to allow for more time to study its economic impacts.

A series of high-profile reports on geothermal energy have been published in recent weeks, as hopes for the viability of next-generation technologies have increased, and policymakers have indicated their increasing interest in supporting the industry.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has underlined that internal differences in opinion are important after members of the stakeholder initiative's expert panel stepped away from the organisation over a recent decision to approve three REDD+ forestry crediting methodologies.

Montenegro has asked for an exemption from the first year of the EU’s Carbon Border Adjustment Mechanism (CBAM), the country’s energy minister said on Friday as reported by local media.

The change is part of the government's new action plan for meeting its 2030 clean power target.

The United Nations Framework Convention on Climate Change (UNFCCC) has published a set of templates to guide project developers wishing to engage with the Paris Agreement Crediting Mechanism (PACM) under Article 6.4 of the Paris Agreement.

With the Polish EU Council presidency focusing on energy security in the first half of the year, the initiative on climate is expected to come from the European Commission, with a series of proposals due in the first quarter, including a much-awaited Clean Industrial Deal at the end of February.

Ireland must cut greenhouse gas emissions by 6.3% annually in the next 15 years under a new carbon budget proposal from the country’s independent advisory body on climate change.

Experts and agencies have overwhelmingly deemed the plan not to be credible. And burning more coal and gas in the medium term only leads one way

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Let’s not waste time with niceties: the Coalition’s nuclear plan is a fantasy. The vision laid out on Friday by a quartet of opposition frontbenchers is not going to eventuate, regardless of the result of the next election.

That’s not because nuclear energy is necessarily a terrible idea, in a global sense. While waste is an issue, nuclear plants offer zero-emissions power and will be needed in places with fewer energy options. But the claims put forward by the opposition – that Australia needs nuclear, or could have it in the way the Coalition describes – do not stand up to scrutiny.

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Australia must significantly increase its spending on and administration of nature, including putting more money into its planned biodiversity market and change its approach to generating carbon credits, according to the country’s peak conservation body.

A Japanese project developer has signed a Memorandum of Understanding (MoU) with Thailand’s Rubber Authority on developing carbon credits from biochar, which it hopes will help the world’s rubber industry decarbonise.

The UN Environment Programme Finance Initiative (UNEP FI) released on Thursday the first global guide for insurers to prioritise actions for nature, stressing their role in achieving global biodiversity goals, including through scaling emerging markets.

The once-public emissions reductions targets of Canadian oilsands companies remain absent six months following the introduction of new greenwashing laws, as uncertainty persists regarding specifics of what can be held to account under the new mandate.

Several startups are proposing sinking biomass in anoxic basins, such as the Black Sea, to sequester carbon and generate removal credits, though they face hurdles related to wider scientific approval and regulatory sign-off before they can move ahead.

Trade in EU carbon allowances was significantly calmer on Friday morning after four days of heavy and volatile activity, as traders began to shift their attention to the Dec-25 EUA futures contract, which takes over as the benchmark early next week, while prices were little changed despite modest gains in natural gas.