Feed aggregator

Covered entities were the only group to increase RGGI Allowance (RGAs) holdings recently, while speculators reduced net length across all three North American carbon markets, data from the Commodity Futures Trading Commission (CFTC) showed Friday.

California Low Carbon Fuel Standard (LCFS) prices sold off following ARB's Tuesday release of public workshop materials, with market participants disappointed at the regulator's proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB's rationale given the programme's outsized surplus bank.

A Florida-headquartered methane offset developer is looking to raise C$3 mln in an initial public offering in Canada, after this month listing two orphaned oil and gas well projects on a US-based voluntary carbon registry.

Company is fighting Dutch court ruling that says it must emit 45% less CO2 by 2030 than in 2019

Shell has argued that it “lobbies for, not against, the energy transition” on the final day of its appeal against an important climate ruling.

The fossil fuel company is fighting the decision of a Dutch court in 2021 that forces it to pump 45% less planet-heating CO2 into the atmosphere by 2030 than it did in 2019. In court on Friday, Shell argued the ruling is ineffective, onerous and does not fit into the existing legal system.

Continue reading...

The engineering team has a two-year $2 million grant to help Nasa study the Moon's surface.

Another carbon market ETF will start to liquidate its holdings this month, the third such fund to close this year.

The International Tax Task Force, an intergovernmental alliance promoting taxation to increase climate and nature finance flows, will meet for the first time and gain new members at the Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington next week.

Researchers are developing probiotics to improve the root structure of seagrass, with potential for large-scale, credit-generating restoration projects in Saudi Arabia and Kenya.

Australia's plan to rely on Other Effective area-based Conservation Measures (OECMs) to meet its biodiversity protection targets could have troubling implications, a paper has said, as the government mulls making these areas eligible for biodiversity crediting.

Financial institutions in Germany are increasingly taking nature into account in their strategic plans, though commitments are still in the very early stages, analysis has shown.

The Dominican Republic has formally committed to protecting at least 30% of its waters, fulfilling part of its commitment under the Kunming-Montreal Global Biodiversity Framework (GBF).

The Milei administration in Argentina has removed details on carbon emissions, renewable energy, and a proposed ETS from its far-reaching ‘Omnibus Law’, in the latest episode of the reform bill saga, which began in late December.

France has become the latest country to join a group of nations pledging to expand carbon pricing mechanisms around the world, its government announced on Friday.

The Council of EU member states gave the final go-ahead on Friday (April 12) to a new EU directive aimed at reducing the energy consumption of buildings, in an attempt to decarbonise the sector before it enters the EU's Emissions Trading System (ETS) in 2027.

Ten Indian states have approved over 500 plots of degraded forest lands for inclusion in the government's Green Credit Programme despite experts and environmentalists objecting the scheme rules could have devastating impact on ecosystems.

European carbon prices rose to their highest in three months on Friday morning, extending Thursday's 8% gain, as short-covering continued to drive the market, while also helping boost energy prices to their strongest in more than two months.

A lawmaker from the libertarian Pirate Party in tiny Luxembourg is fighting to have a groundbreaking regulation approved that would be the first in the world to provide an incentive scheme for carbon removal (CDR) technologies. 

The Taskforce on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI) have announced they are tightening their collaboration to better support corporate nature and biodiversity reporting.

Chinese carbon allowances have retreated from the all-time highs seen in previous weeks with healthier trading volumes,  but remain well above the 80 yuan ($11.05) threshold amid continued optimism for the market.

Environmental degradation means some 1 billion tonnes of soil inorganic carbon (SIC) every year leaks into inland waters, with countries like China and India particularly affected, a group of researchers has found.