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There is no planned revision of the EU’s Emissions Trading System for road transport and heating fuels (ETS2) until 2028, EU sources told Carbon Pulse in response to calls from national governments to address social acceptability concerns before the scheme kicks off two years from now.

The ICE exchange on Friday said it saw a record number of environmental contracts trade in 2024, and confirmed the launch of new EU ETS2 futures in May.

The European Commission says it will deliver an "unprecedented simplification effort" in a leaked draft of its 'competitiveness compass' seen by Carbon Pulse on Friday, which also includes a decarbonisation roadmap.

Rachel Reeves flies back from Davos to lead a revival of the aviation perennial. Labour hated the idea before, but growth won’t grow itself, will it?

How can people say we can’t build anything in this country any more? Listen: our parliament is literally falling down, has caught fire 45 times in the past decade alone, and is going to take tens of billions of investment just to get it in the same postcode as fit-for-purpose – a fact which has now been kicked down the road for actual decades by successive cohorts of MPs who can’t handle being the ones to face reality, even though they are actually walking around in it every day. So don’t you dare tell me we don’t build things. We build the best damn metaphors in the world.

Another thing we might be building, perhaps in our own inimitable style, is a third runway at Heathrow. This is the heavy hint dropped by chancellor Rachel Reeves at Davos this week, which – if realised – could open the gate to the Labour Upside Down. Half of the cabinet hate it, half of them love it. Imagine Tony Blair but in asphalt.

Marina Hyde is a Guardian columnist

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Nature-based solutions (NbS) designed to curb climate change, such as afforestation and bioenergy cropping projects, could lead to unintended consequences for biodiversity, as they alter vast areas of land and habitat, according to a new paper.

European carbon prices were little changed at midday on Friday as the recent rally appeared to have come to a halt, with sustained firmness in energy markets delaying a widely anticipated correction, while participants said the closing settlement price could be the key to next week's price evolution.

Three executives have resigned from India’s largest offset developer EKI Energy to co-found their own carbon market firm, they told Carbon Pulse Friday.

A UK non-profit has launched a global crediting standard for measuring urban biodiversity and ecosystem services, in a bid to tackle urban crises such as air pollution, flooding, and the heat island effect.

An aquarium in Galway has been hit by strong winds and flooding as Storm Éowyn sweeps Ireland and the UK. Footage shows water rising to the top of a staircase and streaming past the building as gusts blow flood water across the car park

• Storm Éowyn live – latest updates

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From Europe to Canada, Africa, China and Brazil, most countries appear to have doubled down on their commitment to tackle crisis

World leaders, senior ministers and key figures in climate diplomacy have one by one reaffirmed their commitment to the Paris agreement this week, in response to the order by Donald Trump to withdraw the US from the pact.

The prospect of the world keeping temperatures to 1.5C above pre-industrial levels, as the treaty calls for, was damaged by the incoming US president’s move. Hopes of meeting the target were already fast receding, and last year was the first to consistently breach the 1.5C limit, but the goal will be measured over years or even decades and stringent cuts to emissions now could still make a difference.

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International research team based findings on 300m records from MOT data to estimate failure rates of all cars

Battery cars on Britain’s roads are lasting as long as petrol and diesel cars, according to a study that has found a rapid improvement in electric vehicle reliability.

An international team of researchers has estimated that an electric car will have a lifespan of 18.4 years, compared with 18.7 years for petrol cars and 16.8 years for diesels, according to a peer-reviewed study published on Friday in the journal Nature Energy. The findings were based on 300m records from compulsory annual MOT tests of roadworthiness.

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China continued to see trading activity muted in its national emissions market over the past week, while the country's undersupplied voluntary also experienced draining liquidity.

The Global Carbon Council (GCC) announced Friday it has submitted its programme-level assessment application to the Integrity Council for the Voluntary Carbon Market (ICVCM).

Switzerland has set the carbon removal sector alight after bringing into force bold new climate legislation at the start of the year, offering millions in funding for carbon capture projects.

China has finalised emissions accounting rules for domestic steelmakers, in order to prepare mills for their entry into the national emissions trading scheme.

UK-focused forestry standard the Woodland Carbon Code (WCC) plans to apply in April for approval under the Integrity Council for the Voluntary Carbon Market (ICVCM)’s CCP-quality label, and is carrying out trials to digitise project measurement, reporting, and verification, according to a manager.

Acoustic indices used in biodiversity monitoring often fail to accurately reflect species richness, representing a potential challenge for the nascent biodiversity credit market, a conservation expert told Carbon Pulse.

Adding shipping to the UK ETS could help push the sector towards decarbonisation — but there are concerns that the carbon price is still too low to make a dent and that it creates a patchwork of regulations in a market where international measures are also in the pipeline. 

The best of this week’s wildlife photographs from around the world

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Queensland’s newly elected conservative government on Friday promised A$117.84 million ($74.44 mln) for natural resource protection over the next four years.