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California Carbon Allowances (CCA) futures reversed sharply in tandem with a sell-off in Low Carbon Fuel Standard (LCFS) credits this week ahead of a board vote on proposed changes to the state's clean fuels programme, while Washington Carbon Allowances (WCA) remained out of the spotlight.  

The UK government has formally proposed legislation across the country's four parliaments that would put into effect major changes to the British carbon market that were announced last year, according to a statement from the ETS Authority.

A Vancouver-based carbon credit financier announced Thursday its purchase of 1.2 million credits from a Brazilian REDD+ project, designed to conserve nearly 200,000 hectares of Amazon rainforest.

Pumped hydro and batteries can easily provide all the storage needed for 100% renewable electricity generation, eliminating the need for polluting gas power plants. Jamie Pittock, Professor, Fenner School of Environment & Society, Australian National University Andrew Blakers, Professor of Engineering, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The New Zealand government on Friday updated the baselines for free allocation of permits to industrials for the first time since 2010, but postponed final decisions on the steel and aluminium sectors until April next year.

Colombia-based international carbon standard Cercarbono is building compatibility with 'nesting' and jurisdictional REDD+ (J-REDD) into its forthcoming updated REDD+ methodology.

Stakeholders said Thursday that, if COP29 negotiations can iron out the remaining wrinkles around Article 6, carbon trading under the Paris Agreement may begin to pick up starting in 2025 or 2026.

A Brazilian G20 presidency task force concluded its eight-month engagement Thursday with a political statement by members to take advanced actions in economic and financial systems to address climate change.

A group of NGOs said Thursday they have filed a complaint to the UN Environmental Programme (UNEP), arguing that its backing of the Taskforce on Nature-related Financial Disclosures (TNFD) has undermined environmental stewards and rights holders.

CAF, the Development Bank of Latin America and the Caribbean, will collaborate on a blockchain-based conservation instrument and support marine biodiversity credits in the region, it announced at COP16 on Thursday.

Bringing the natural world back from the brink is more urgent than ever. Nature-positive policies offers a way to do so – if done properly. Yi Fei Chung, PhD candidate in Environmental Policy, The University of Queensland Hannah Thomas, PhD candidate in Environmental Policy, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

A UN-backed organisation has conducted a survey on the demand for biodiversity credits, with over half of participants claiming to be highly confident in their ability to participate in the fledgling market.

A Nova Scotia-based company that utilises ocean alkalinity enhancement (OAE) that aims to achieve CO2 removal (CDR) has completed a $11.35 million Series A funding round, according to a Thursday press release.

If the entirety of Brazil’s blue carbon stock from mangroves were converted into tradeable tonnes of carbon, its value would total billions, as per an NGO study launched Thursday at COP16 in Cali, Colombia.

The European Parliament voted a resolution on Thursday questioning the choice of hosting the United Nation's upcoming COP29 climate summit in Azerbaijan, a country it accuses of human rights violations and whose revenues come chiefly from the extraction of natural gas.

The certification bodies that will issue carbon credits under the EU's new Carbon Removal and Carbon Farming (CRCF) regulation could be accredited for a specific type of removal, the European Commission suggested on Wednesday.

European carbon prices advanced strongly for a second session on Thursday amid renewed short-covering in high volume, as the secondary market breached key technical levels and pulled energy prices higher, while UKAs ended their recent winning run.

Real-time atmospheric monitoring, reporting, and verification (MRV) could help restore credibility to nature-based carbon projects, the CEO of a greenhouse gas monitoring firm told Carbon Pulse.

The rejection of methodologies by the Integrity Council for the Voluntary Carbon Market (ICVCM) is not a sign that they are not good, but that they need improvement as part of a collective process, the body's chief executive said on Thursday.

Leaders are eager to fill us with positivity, but research shows people in distress are more likely to take collective action

If despair is the most unforgivable sin, then hope is surely the most abused virtue. That observation feels particularly apposite as we enter the Cop season, that time of United Nations megaconferences at the end of every year, when national leaders feel obliged to convince us the future will be better, despite growing evidence to the contrary.

Climate instability and nature extinction are making the Earth an uglier, riskier and more uncertain place, desiccating water supplies, driving up the price of food, displacing humans and non-humans, battering cities and ecosystems with ever fiercer storms, floods, heatwaves, droughts and forest fires. Still worse could be in store as we approach or pass a series of dangerous tipping points for Amazon rainforest dieback, ocean circulation breakdown, ice-cap collapse and other unimaginably horrible, but ever more possible, catastrophes.

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