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While California’s cap-and-trade programme raised energy costs in 2023, lawmakers have a number of policy options to use revenues to better support consumers through the energy transition, the state’s carbon market watchdog said Thursday.

The City of New York has effectively lost its lawsuit against several oil giants, failing to prove their claim that the companies misled consumers in marketing of climate-friendly practices, according to a decision filed in state court on Tuesday.

The Attorney General of Texas led 22 other states in a lawsuit against the US EPA, alleging that the agency exceeded its authority in implementing a fee for excess methane emissions.

The invalidation period of about 3 million credits expired during California regulator ARB’s first bi-weekly compliance-eligible offset issuance of 2025, agency data showed.

Financial entities reduced net length in V25 California Carbon Allowances (CCA), RGGI Allowances (RGA), and Low Carbon Fuel Standard (LFS) futures and options as volatility spiked in the secondary market, according to data from the US Commodity Futures Trading Commission (CFTC) on Friday.

Tweaking conventional building materials to absorb CO2 could boost carbon storage capacity to half of the world’s emissions annually, a new scientific study estimated.

Forest-rich Gabon has launched a sovereign carbon initiative that will require air travel and shipping operators to pay a $17-per-tonne emissions "contribution" to cover some of their climate impact from journeys to and from the African country, as well as provisions linked to offsetting using CORSIA-eligible credits.

The rocket's upper stage disintegrated over the Caribbean, forcing airline flights to alter course.

The US DOE awarded a $1.7 billion loan guarantee to a New York-based green hydrogen company close to one year after the company suffered from cashflow issues that nearly sent it into bankruptcy.

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.