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Power generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) carbon market purchased allowances at the December current and advance auction at lower prices than the record-setting sales this fall, according to results published Tuesday.

The British Columbia government on Tuesday announced it has completed amendments to tighten the carbon intensity (CI) targets of the province’s Low Carbon Fuel Standard (LCFS), making them the most stringent in North America for 2030, while also tripling the non-compliance penalty under the transportation sector programme.

A northern Wisconsin county recently won approval to enter into a contract to generate voluntary carbon credits from over several hundred thousand acres of forestland, with a local representative overseeing the project casting aside doubts he had about its environmental integrity.

Australia’s emerging green hydrogen industry requires a secure supply of high-quality water. Competing demands for this scarce resource mean careful planning is needed to meet all water users’ needs. Rebecca Lester, Professor, Aquatic Ecology and Director, Centre for Regional and Rural Futures, Deakin University David Downie, Strategic Adviser, Regional Development, Deakin University Don Gunasekera, Research Fellow, Centre for Supply Chain and Logistics, Deakin University Wendy Timms, Professor of Environmental Engineering, Deakin University Licensed as Creative Commons – attribution, no derivatives.

Inger Andersen said we must not ‘pause for a second’ as we ‘change the relationship between people and nature’

The UN’s environment chief has urged citizens, businesses and governments to “not pause for a second” in implementing the new once-in-a-decade deal to halt the destruction of nature, calling for changes in consumption patterns and attitudes.

“[With the new agreement] we are acknowledging that protecting the natural world represents a sum of linear efforts by governments, by businesses and by us – each one of us as individuals and consumers,” said Inger Andersen, the executive director of the UN environment programme.

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A major oil company is considering extending the area of its reforestation carbon credit project in the Republic of Congo, after details were brought to light by Carbon Pulse about how some Indigenous people living within the original remit of the venture will not be entitled to receive compensation and benefits.

The United Nations Development Programme (UNDP) and Switzerland's Klik Foundation have announced that they wish to cooperate in their climate protection efforts under Article 6 of the Paris Agreement as part of a Memorandum of Understanding (MoU), they announced Monday.

Carbon removal technologies need government subsidies higher than the price of carbon prices because they have a greater overall impact on the atmosphere than efforts to reduce emissions, according to a study published on Tuesday.

The talking is over, and a text has been agreed on the next decade of targets to save the natural world. Here are the highs and lows of the Convention of Biological Diversity’s (CBD) agreement

The term “nature positive”, which scientists had said would be the biodiversity equivalent of “net zero”, did not make the final document. Many will see this as a missed opportunity – a unifying idea similar to keeping global heating to within 1.5C. However, the 2030 goal to “take urgent action to halt and reverse biodiversity loss” is still considered a relatively strong call to action.

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The Montreal biodiversity conference set some ambitious targets. It’s now up to nations – including the UK – to step up

I don’t normally finish United Nations Cop meetings with a smile on my face. Yet as the sun sets on the UN biodiversity conference, Cop15, in Montreal with a global agreement for nature’s recovery, I’m walking away feeling rather more optimistic than I did only a fortnight ago.

In the early hours of Monday morning in Montreal, Canada, nearly 200 countries agreed and adopted a new “global biodiversity framework” containing various goals and targets. The pact requires all nations – particularly the UK – to dramatically up their game on protecting and restoring nature.

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A fund set up as an alternative to carbon offsetting has launched a three-pronged call for proposals ahead of its third round of allocations of grants and pre-purchases in Q2 2023.

EU environment ministers welcomed nature restoration proposals from the European Commission during a preliminary discussion on Tuesday, but several major economies in the bloc expressed concern over the finances needed and that national contexts be fully taken into account.

We knew the flood waters were coming, but no one could prepare for what struck our NSW town

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A month after a wall of water hit my farm and smashed through Eugowra, the level of trauma and destruction in our community remains difficult to describe.

There were 159 official rescues reported by the New South Wales State Emergency Servicein a town of 700. Everyone who could help did, so including those saved by locals it’s probably more like 300-400 rescued. We lost two of our loved people.

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A critical letter about the treatment of indigenous people in a jurisdictional forestry conservation project in Guyana involving the oil major Hess has been refuted by the standards body crediting the scheme, the jurisdictional Architecture for REDD+ Transactions (ART) programme.

Dec-23 EUAs celebrated their first day as the benchmark contract by posting gains as traders began to accumulate positions amid light volumes, while energy prices continued to decline as weather forecasts called for milder temperatures.

There is a risk that references to nature positive goals will become a tactic used to distract consumers and the public from a continued failure to manage development impacts on biodiversity. This risk must not be overlooked as implementation of the Post-2020 Global Biodiversity Framework begins, write a group of biodiversity and conservation experts.

China should accelerate the inclusion of the cement industry in the national emissions trading market and leverage the role of carbon pricing to push for decarbonisation, as low-carbon technology is likely to increase cement production costs and create a significant green premium in the near term, an industry group has urged.

Lawyer in a civil lawsuit launched by towns in hurricane-hit Puerto Rico describes why it is using laws used to target mob bosses

The same racketeering legislation used to bring down mob bosses, motorcycle gangs, football executives and international fraudsters is to be tested against oil and coal companies who are accused of conspiring to deceive the public over the climate crisis.

In an ambitious move, an attempt will be made to hold the fossil fuel industry accountable for “decades of deception” in a lawsuit being brought by communities in Puerto Rico that were devastated by Hurricane Maria in 2017.

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Australian iron ore producer Fortescue Metals Group (FMG) has signed a Memorandum of Understanding (MoU) with three partner companies to develop technology for net zero emissions ironmaking, the company announced on Tuesday.

The spot price for Australian Carbon Credit Units (ACCUs) inched up to a five-month high over the last week, thanks to a flurry of end-of-year activity in anticipation of market reforms, according to analysis.