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A daily summary of our news plus bite-sized updates from around the world.

Analysts lowered their average California Carbon Allowance (CCA) price forecasts for 2023 on weaker industrial emissions and heavier offset usage, but retained prior RGGI price forecasts as they expect annual deficits to continue despite Virginia’s impending exit, according to a recent report.

*PREMIUM LISTING - We seek an analytical, strategic and enthusiastic policy officers to support our work on global climate policies, with a particular focus on (voluntary) carbon markets and carbon pricing.

The European Commission on Friday launched a call for applications for the renewal of the membership of an expert group tasked with helping to implement the EU's Innovation Fund.

The Sr. Financial Analyst is charged with analyzing data, both quantitative and qualitative, to help contextualize business opportunities in a fast-evolving space, and validate investment decisions for CO2 removal/reduction projects to support the Low Carbon Initiatives’ department goals

The Principal Analyst, Forestry acts as the primary internal subject matter expert applying technical knowledge to identify, evaluate, and develop forest projects that contribute to overall reduction of atmospheric CO2 and are aligned with the business objectives of the company.

Carbon standard developer and manager Verra has halted the use of a UN methodology for generating offsets from growing rice, launching a review of the protocol after integrity concerns were raised.

An Alabama-headquartered technology firm has launched a blockchain platform to sell millions of tokenised carbon credits from a patented reforestation programme, coming in at a price per tonne well below that of most nature-based removals.

The UN-backed Science-Based Targets Initiative (SBTi) on Thursday released a technical report describing an interim pathway for aviation companies to set GHG reduction goals in line with the more ambitious temperature goal of the Paris Agreement.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including bills for cap-and-trade oversight in Washington, emissions disclosure in California, and zero-carbon power in New Jersey. 

TotalEnergies, which has a self-imposed 2050 net zero emissions target, is selling a share of its renewable portfolio to insurer Credit Agricole Assurances amid booming returns from oil and gas sectors.

Activity is picking up in the general over the counter (OTC) voluntary carbon market, brokers reported on Friday, although prices for REDD+ credits have dropped again after buyers largely disappeared in the wake of reports claiming widespread over-crediting in the avoided deforestation sector.

The EU must extend its gas demand curbs for at least another six months to ensure it has enough supply next winter, according to a think-tank report, raising the prospects of further restrictions even as the bloc's energy crisis has eased.

The annual photographer of the year winners were chosen from more than 3,000 entries across nine categories. The top prize goes to images captured in the deep south of New Zealand, an area the photographer says she enjoys for its wonderful light and colour

• Wildlife photographer of the year – people’s choice award

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EUAs steadily clawed back most of previous session's losses on Friday morning, amid renewed options trading activity and a modest recovery in energy prices.

A Norwegian direct air capture (DAC) developer has appointed a former US-based soil carbon CEO to a senior position, the firm announced, targeting a launch of the first million-tonne plant in 2027.

Uncertainty plagued the carbon markets in 2022 and will continue to do so in 2023, analysts said in a report published this week that identified how macroeconomic weakness, energy crises, and regulatory changes had caused a slowdown after several years of growth.

The EU needs an ambitious climate strategy for industry. So why is Giorgia Meloni its chief supporter?

European governments have for many years basked in a sense of climate superiority over the US. We had the most ambitious climate goals; we were the constructive actor at Cop conferences; we had carbon-pricing mechanisms; and since 1990, we have reduced emissions by 28% against just 2% in the US. The US, by contrast, had climate-denying Republicans.

The Biden administration now has the world’s most generous package of climate incentives – a $370bn green subsidy package, which goes by the misnomer Inflation Reduction Act. But instead of celebrating the US handouts and tax breaks for investment in such things as electric vehicles and solar panels, many European governments are furious.

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Some 3,000 government officials, scientists, conservation professionals, NGOs, and Indigenous groups have gathered in Vancouver, Canada to spend the next week laying the groundwork for meeting the Global Biodiversity Framework of protecting 30% of global oceans by the end of the decade.

India’s Green Credit programme that was announced in this week’s budget could potentially receive support from multilateral agencies, enabling the initiative to act as an additional environmental policy tool to existing schemes aimed at meeting the country’s net zero goals, according to an Indian market participant on Friday.