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Much of the media and NGO community have recently muddied the waters around the global carbon market by repeating a set of myths around the market, writes Charles Bedford of Carbon Growth Partners.

EUAs posted robust gains late on Thursday morning as traders switched their focus from REPowerEU negotiations and options expiry to Friday's trilogue discussions on EU ETS reform and next week's expiry of the December futures contract.

A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

The environment regulator in Shenzhen, one of China's economic powerhouses, has launched offset methodologies for forest carbon sinks and bike-sharing, the latest move in an emerging trend for regional governments to expand their offset schemes.

Financing for biodiversity is about to take off with the launch of biodiversity markets. They have the opportunity to learn from the successes and mistakes of the Voluntary Carbon Market by creating an effective biodiversity metrics framework, writes Torrey Sanseverino, a natural capital research associate with offset ratings agency BeZero.

Growth in China’s thermal power generation slowed in November, though outpaced the growth of total power output amid mixed signs of economic recovery, government data showed Thursday.

A startup company has gained certification to use blue carbon credits for a venture in Japan that restores kelp forests and develops sea urchin aquaculture, it announced on Thursday.

New Zealand infrastructure investor and Australia's politicians' super fund establish a new wind, solar and storage developer.

The post Institutional investors Mint a new wind, solar and storage developer in Australia appeared first on RenewEconomy.

The efforts, including restoring grassland in the Georgian steppe, will work in cooperation with local communities to repair biodiversity hotspots

From the wilderness of the Finnish boreal forest to the busy Solent estuary, seven landscape restoration projects across Europe have been boosted by more than $26m (£21m) from the Endangered Landscapes Programme (ELP).

The projects cover an area 18 times the size of Greater London and include returning nature to the Iberian Highlands, restoring grassland in the Georgian steppe, and replacing coniferous plantations with natural riverine and deciduous forests in the Rhodope mountains in south-east Bulgaria.

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The Australian government has delayed the release of its final policy proposal to overhaul the Safeguard Mechanism, due to its focus on its energy price legislation that has now been legislated by parliament.

The New Zealand government on Thursday announced the country’s emissions trading scheme price settings between 2023-27, keeping much of the existing architecture in place and making only a marginal increase to the Cost Containment Reserve trigger price despite the recommendation from the Climate Change Commission to more than double it.

Scientists behind car number plate study say ‘potentially catastrophic’ decline must be reversed

The number of insects splattered on vehicle number plates in Britain fell by 64% between 2004 and 2022, according to a survey.

Each summer citizen scientists record the number of insect splats on their number plates on an app after a journey. The latest Bugs Matter report, produced by Kent Wildlife Trust and Buglife, found another drop in 2022 compared with 2021, with the long-term decrease jumping by five percentage points.

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Post-pandemic relaxation of restrictions could weaken animal protection and pose a hazard to public health, say experts

China appears to be weakening its post-Covid restrictions on the farming of wildlife such as porcupines, civets and bamboo rats, which raises a new risk to public health and biodiversity, warn NGOs and experts.

Before the pandemic, wildlife farming was promoted by government agencies as an easy way for rural Chinese people to get rich. But China issued an outright ban on hunting, trading and transporting wildlife, as well as the consumption as food, after public health experts suggested the virus could have originated from the supply chain.

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Chronically stressed and diseased koalas in clinical care are often euthanised, rather than released back into the wild. Edward Narayan, Senior Lecturer in Animal Science, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

Gas price cap passes parliament, electricity futures prices plunge and Greens hail "the end of gas" with a package designed to take the fossil fuel out of homes.

The post Electricity prices plunge as Greens hail cap and “beginning of the end of gas” appeared first on RenewEconomy.

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

AEMO’s head of system design, Merryn York, on the engineering roadmap to 100 per cent renewables. Plus: The gas price cap debate.

The post Energy Insiders Podcast: The road to 100 per cent renewables appeared first on RenewEconomy.

The forthcoming annual report from the California Independent Emissions Market Advisory Committee (IEMAC) will examine how no-trading zones for cap-and-trade facilities located near overburdened communities could work, as well as numerous other carbon market reform elements that could include significantly altering allowance supply.

A consultancy and an analytics firm have teamed up to introduce a new offset ratings service for nature-based projects in the voluntary carbon market.

Equinor to collaborate on the offshore wind plans of Australian renewables company Nexsphere to build a 1GW project 30km off the coast of north-east Tasmania.

The post Norway oil giant backs gigawatt-scale offshore wind farm and green hydrogen in Tasmania appeared first on RenewEconomy.