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Offset prices fell over the past week as the market was weighed down by another surge in available offsets, particularly in the REDD avoided deforestation market.

The way nature and biodiversity appear in global financial markets is on the edge of a revolution but they will be treated in a fundamentally different way to carbon, according to a senior member of the Taskforce on Nature-related Financial Disclosures (TNFD), speaking at an event in the UK on Monday.

The UK government is supporting a call for proposals for projects to build resilience to sea level rise through innovative and scalable finance and insurance products.

Green groups are urging the UK government to include waste incineration in the UK ETS place a ban on new energy-from-waste units in the country. 

The discount in UK Allowance (UKA) prices to their EU counterpart has widened to the most since the British market was launched, as traders price in a variety of bearish factors that point to a UK market lengthening at the same time as Europe tightens its targets.

Four days of peaceful activism led by Extinction Rebellion fail to elicit pledge from government to ban new oil and gas projects

After four days of peaceful demonstrations, climate activists gathered in Parliament Square as a deadline for the government to act to end all new fossil fuel projects was reached.

The actions involved a wide range of groups, including Extinction Rebellion, Friends of the Earth and Greenpeace, as well as the Christian climate coalition, with thousands gathering for Earth Day in London on Saturday.

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A shipping firm and a mining and metals company have incorporated a carbon pricing mechanism into their existing contract of affreightment (COA).

The electricity line between the UK and Netherlands could provide green power to 1.8 million UK homes.

The governor of the French central bank has urged the rapid rollout of global carbon pricing as one of the main tools for meeting climate goals, speaking at an event in London, with one senior investor also calling for a price of $150/tonne "over the next few years".

Three years ago, XR was hanging by a thread – the Big One protest suggests the movement has learned from its mistakes

Over the weekend, tens of thousands of climate activists and concerned citizens converged on Westminster for “the Big One”, a climate demonstration with more than 200 participating organisations, including trade unions, community groups and charities, and led by Extinction Rebellion (XR). The demonstration’s convivial atmosphere was somewhere between a county fair and Glastonbury: participants tried out screen printing, ate together on College Green and took part in talks about the climate crisis.

It was easy to forget that in 2020, XR was hanging by a thread. The pandemic decimated the movement on the ground – because its members could no longer meet, recruit others or plan activities. Also, the actions of a handful of protesters who blocked a London commuter train used by working-class people in October 2019 were received very badly, and did lasting damage to the group’s reputation (an XR spokesperson later apologised). “People are very keen to talk about the climate crisis,” one XR member recently told me, “but when they find out we’re from Extinction Rebellion, they don’t want to know.”

Ellie Mae O’Hagan is a writer and head of external engagement at the Good Law Project

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EU carbon prices dropped below key technical levels on Monday morning as the approaching end of the annual compliance cycle has begun to depress industrial demand, though some analysts saw potential for a last-minute rush of buying in the next two days.

Tory MPs call for ministers, not watchdog, to make decisions on sites of special scientific interest

Senior Conservative MPs have suggested the nature watchdog Natural England should be stripped of powers in an overhaul of how it manages England’s best wildlife sites, after complaints from landowners.

Wildlife experts have said it is “outrageous” that sites of special scientific interest (SSSIs), which are some of the most important areas for nature in the country, could be “determined by politics rather than science”.

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An Australian news website specialising in domestic climate and carbon policies this month ceased publication and has begun contacting subscribers for refund arrangements.

China’s top independent power producers (IPPs) stand to benefit from moderating coal prices over the next twelve months, lifting their credit profiles and enabling them to be better placed to execute China’s energy transition goals, research from a ratings service has found.

Instead of yanking products, agency required industry to add more instructions to labels before re-approving dicamba, lawsuit claims

The US Environmental Protection Agency has effectively ignored a 2020 federal court order prohibiting the use of Monsanto and other producers’ toxic dicamba-based herbicides that are destroying millions of acres of cropland, harming endangered species and increasing cancer risks for farmers, new fillings in the lawsuit charge.

Instead of permanently yanking the products from the market after the 2020 order, the EPA only required industry to add further application instructions to the herbicides’ labels before re-approving the products.

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South Korea is calling for proposals for international demonstration projects in order to kickstart its participation in the Partis Agreement carbon market.

Diane Wilson took on Formosa Plastics and won a $50m settlement to help clean up decades worth of toxic plastic waste

Grassroots activists who took on British mining giants and a serial plastics polluter – and won – are among this year’s recipients of the world’s most prestigious environmental prize.

The environmental campaigns led by the six 2023 Goldman prize winners highlight the hurdles faced by some local activists, who are often on the frontlines confronting the toxic mix of corporate greed and systemic corruption that is fuelling the climate emergency, biodiversity collapse and increasingly forced displacement.

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Construction waste is a big chunk of the rubbish Australia generates; recycling it creates an equivalent emissions sink.

The post CEFC spends $75 million on recycling and cutting emissions from rubbish appeared first on RenewEconomy.

A research team has discovered a parasite that’s been killing off sea urchins, but there’s no method to eliminate it yet

Marine biologists at a Florida university say they have solved the mystery of a mass die-off of long-spined sea urchins from the US to the Caribbean.

The scientists blame a microscopic, single-cell parasite for the die-off, which took hold early last year. Affected Diadema antillarum urchins lose their spines and suction, then succumb to disease.

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Mini wind was once a real contender before cheap solar stole the show; the owner of the latest iteration hopes this proves its viability.

The post NBN turns to micro wind turbines in search for power for remote sites appeared first on RenewEconomy.