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ICE's Phase 1 CORSIA-eligible futures hit a record high this week, with the front-December trading above $20/tonne on Thursday, in the wake of a UN decision not to approve carbon credits from any new voluntary standards.

Oil and gas producers worldwide aim to quadruple the amount of reserves sanctioned for development within the decade, research finds, in direct contrast to scientific warnings that new fossil fuel investments must end in order to limit warming to 1.5C.

Several commonly accepted vegetation indices used to estimate forest carbon baselines produce noisy data and risk over- or under-crediting, while multifaceted canopy height estimates are more consistent, according to research published this month.

A Montreal-based carbon removal company announced Thursday a partnership with a Los Angeles-headquartered direct air capture (DAC) firm to further deploy the emerging technology in Canada.

Southern and coastal EU regions suffer more harshly from climate-related disasters than others, while policies to address global warming like the EU ETS disproportionately impact poorer segments of society, according to data collected by the EU executive.

The EU needs to develop technical capabilities and set up a proper regulatory structure in order to effectively remove large amounts of CO2 from the atmosphere, including creating a European carbon central bank, according to a study published on Thursday.

The UK's greenhouse gas emissions fell by 5.4% in 2023, according to government data published Thursday, mainly driven lower by a reduction in gas use for power production covered by the country's carbon market.

As companies prepare for the start of the ETS2 in 2027, there are currently no possibilities for them to hedge against rising CO2 prices on the EU’s newly-created carbon market for transport and heating fuels, writes a prominent carbon market analyst.

European carbon prices eased marginally lower on Thursday morning after initial strength, with energy markets also falling and the daily auction clearing below the spot value, as traders await the publication of verified emissions data next week.

A group of British and EU business and trade associations have called on the UK’s energy minister to initiate negotiations with Brussels to link the two compliance carbon markets as a matter of urgency.

The NGO Transport & Environment is standing firm on claims that AP Moller-Maersk is charging customers more than the actual cost of complying with the EU ETS, after updating its analysis in response to pushback from the Danish major. 

Chinese carbon allowances hit another record high secondary market spot price on Thursday, as optimism remains over upcoming regulatory updates including sectoral expansion of the emissions trading scheme.

By 2050, solar should provide most of our electricity – but only if we have enough panels. Can they be made in Australia?

The post Could $1 billion actually bring solar manufacturing back to Australia? It’s worth a shot appeared first on RenewEconomy.

The committee steering Japan’s J-Credit programme is considering strengthening data reporting requirements for an increasingly popular rice-focused methodology to ensure credit quality.

An Australian environmental conservation organisation is seeking local government funding to establish environmental accounts that could inform biodiversity pilot projects, create jobs, and spur conservation efforts for the region.

Households worldwide squandered over one billion meals a day in 2022, as challenges in reducing food waste threaten to hold back progress towards achieving global biodiversity targets, a UN Environment Programme (UNEP) report has said.

Safeguard Mechanism data published by Australia’s Clean Energy Regulator Thursday showed facilities covered by the scheme surrendered 1.218 million Australian Carbon Credit Units 2022-23.

EU carbon prices have probably not seen their multi-year bottom yet and will likely head south again to re-test the key €50 level in the coming months, a veteran market analyst told Carbon Pulse.

A Texas-headquartered oil tech company will acquire majority ownership in a Norwegian carbon capture firm to accelerate industrial decarbonisation, it announced Wednesday.

World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds

The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly approved projects by the end of this decade, with the US leading the way in a surge of activity that threatens to blow apart agreed climate goals, a new report has found.

There can be no new oil and gas infrastructure if the planet is to avoid careering past 1.5C (2.7F) of global heating, above pre-industrial times, the International Energy Agency (IEA) has previously stated. Breaching this warming threshold, agreed to by governments in the Paris climate agreement, will see ever worsening effects such as heatwaves, floods, drought and more, scientists have warned.

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