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Issuances in the voluntary carbon market (VCM) soared to their highest level in September for three years, while oil major Shell was the largest retiree of credits, according to new analysis of registry data from Carbon Pulse.

The integrity of the voluntary carbon market came under the spotlight again last week after charges of fraud were unsealed by US authorities against Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), as well as the company's ex-COO and a former managing director, Tridip Goswami, among others.

Australia will tip $9 million into the Regional Pacific Nationally Determined Contribution (NDC) Hub in an effort to further support its neighbours' response to climate change.

The post Australia commits $9 million to help Pacific neighbours meet climate targets appeared first on RenewEconomy.

An international carbon credit development programme on Monday published two new methodologies and two methodological tools under its nature-based solutions (NBS) programme.

Research reveals ‘sea walnuts’ fuse together if they become injured, and nervous systems merge

It might not be what the Spice Girls envisaged when they sang 2 Become 1, but scientists have found comb jellies do actually fuse together if they are injured.

Researchers studying a species of the gelatinous marine invertebrates known as “sea walnuts” said they made the discovery after spotting an unusually shaped individual in the laboratory tank.

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The influential Nature Positive Initiative (NPI) has launched a first set of nine draft nature indicators, with the aim of building consensus on measuring progress towards nature positive.

The mission aims to re-visit the asteroid Nasa diverted when it crashed a probe into it.

Delegates from nearly 200 countries will gather in Colombia at the end of this month for the COP16 biodiversity summit, in what observers call "a temperature check" for the world's pledges on nature, amid political divisions on finance mobilisation threatening to hamper the implementation of the landmark Global Biodiversity Framework (GBF).

Sub-Antarctic marine park expansion welcomed but scientists say some areas important to penguins and seals missed out on sanctuary-level protection

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The environment minister, Tanya Plibersek, has declared Australia will soon protect more ocean than any other country after the government finalises a more than 300,000 square kilometre expansion of a sub-Antarctic marine park.

Speaking ahead of what was billed as a global nature positive summit starting in Sydney on Tuesday, Plibersek confirmed the Heard and McDonald Island Marine Park about 4,000 km south-west of Perth would quadruple in size.

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Europe's markets authority said it had not found any "significant issues" in the functioning of the EU ETS during 2023 and did not make any recommendations for additional regulation, in its first annual report on the market published on Monday.

The new European Commission headed by Ursula von der Leyen has a wide range of new climate initiatives in store for the next five years, according to the mission letters she sent to her team of 26 commissioners-designate.

Total declared salmon catch estimated at 5,399 fish, down from 6,952 in 2022 – and 20,000 in years up to 2017

Salmon numbers in England and Wales last year were the lowest on record, figures show, as pollution and climate breakdown are killing off the endangered fish.

A report from the Environment Agency and Cefas shows Atlantic salmon stocks in England and Wales have dropped to their lowest level since records began in 1997.

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The metric used for implementing England's biodiversity net gain (BNG) policy does not accurately capture invertebrate biodiversity abundance, a pre-print paper has suggested.

An India state has partnered with the biggest development bank in the country to generate additional carbon credit revenue for smallholder farmers by reducing GHG emissions, the state government has announced.

BP has reportedly abandoned its goal to cut oil and gas output by a quarter by 2030 and is instead eyeing investments to scale up output, as management resets the company's energy transition strategy in a bid to regain investor confidence.

European carbon prices dropped sharply from the opening on Monday, reaching a new six-month low before stabilising just above a key psychological and technical level, as the market continued to face up to bearish fundamentals.

Heavy industry on both sides of the Atlantic pinned decarbonisation hopes on clean Brazilian electricity, Peru promised voluntary carbon market (VCM) expansion, and Argentina’s VCM progressed in two sectors in the week ending Oct. 6.

An environment ministry committee has finalised rate recommendations for Taiwan’s upcoming carbon levy scheme, with a starting price of NT$300 ($9.32) per tonne of CO2e for regulated emitters on the island.

The inaugural Global Nature Positive Summit is a big deal – and it comes at a crucial time: biodiversity loss and ecosystem collapse is one of the biggest threats the world faces.

The post Australia is hosting a world-first “nature positive” summit. What is it, and why does it matter? appeared first on RenewEconomy.

An initiative to generate biodiversity credits across more than 300,000 hectares in Uganda and Zambia has been speaking with authorities about creating enabling policy, Carbon Pulse has learned.