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One of the world’s largest business organisations has thrown its weight behind the VCMI’s new Scope 3 Action Code of Practice after warning the cost of inaction on climate change is now staggering.

Study provides hope for future of the axolotl amphibian, pushed to the brink of extinction in Mexico.

Labour politicians warn former PM had boosted Tory and Reform climate sceptics on the eve of local elections

Tony Blair has been forced by Downing Street to row back from his criticism of the government’s net zero strategy after furious Labour politicians warned he had given a boost to Tory and Reform sceptics on the eve of the local elections.

Climate experts also accused the former prime minister of granting political cover to fossil fuel interests and weakening momentum behind the UK’s legally binding target to reach net zero emissions by 2050.

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Sir Tony Blair’s ill-conceived contribution to the climate debate was a political gift to Nigel Farage. But public support for the green transition remains strong

The Climate Change Committee’s latest report on the UK’s response to unprecedented environmental challenges makes for grim reading. Recalling the extreme weather swings of the last few years – which delivered both the wettest 18 months on record and the largest number of wildfires – the report’s authors deplore the current inadequacy of provision to protect the nation against risks which are now a lethal reality. The threat represented by flooding, said the chair of the committee’s adaptation group, Lady Brown, “is not tomorrow’s problem. It’s today’s problem. And if we don’t do something about it, it will become tomorrow’s disaster.”

An assessment so scathing, from such a source, deserved to be at the centre of political discussion ahead of Thursday’s local elections. Instead, Wednesday’s front pages were dominated by a considerably less useful contribution to the climate debate. In a foreword to a report from his eponymous Tony Blair Institute (TBI), Sir Tony Blair suggested that governments should dial down efforts to limit the use of fossil fuels in the short term, or risk alienating voters allegedly put off by the “irrationality” and cost of green policies. Politicians’ focus, he insisted, should shift to investing speculatively in technologies for the future such as carbon capture and storage.

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Denmark is on course to reduce its emissions 72% by 2030 compared to 1990 levels, surpassing the country's 70% target with a surplus margin of around 1.6 million tonnes of CO2 equivalent, according to new official data published on Wednesday.

A carbon market intelligence provider has announced its expansion into Singapore on Wednesday.

A Salesforce executive has urged more companies to set net zero targets and engage with carbon markets during a panel session at a conference in London on Wednesday, where he also announced the company’s new science-based emissions reduction goals.

The UK government is moving cautiously to bridge the divide between the compliance and voluntary carbon markets, without rocking the stability of its Emissions Trading Scheme (ETS), an official said on Wednesday.

Anthony Albanese has delivered steady, gradual reform – but a minority government might force Labor to push through bolder solutions

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Australians know the government they elect on 3 May will have to navigate multiple crises.

At home, a cost-of-living crisis is making daily life miserable for millions. Sky-high housing costs are locking younger Australians out of a life their parents took for granted.

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The former PM has form when it comes to pushing corporate interests and meeting populists halfway

When Tony Blair came out this week to say current net zero policies were “doomed to fail”, there was something familiar in his arguments: phasing out fossil fuels wouldn’t work because people perceived it as expensive, arduous and not their problem. Stop banging on about renewables; won’t someone think of the things we don’t know how to do, like carbon capture and such wizardry as is still locked in tech bros’ imaginations? Basically, net zero had lost the room, according to the former prime minister. And if anyone knows where the room is, and how to get it back, it must be him.

He said something similar about “woke”, which sadly lost the room in 2022. “Plant Labour’s feet clearly near the centre of gravity of the British people,” Blair advised Starmer. “[They] want fair treatment for all and an end to prejudice, but distrust and dislike the ‘cancel culture’, ‘woke’ mentality.” What exactly does “woke” mean, if not an end to prejudice? Just how effective is cancel culture, if Blair himself could work as a lobbyist for a Saudi oil firm in 2016, advised the government of Kazakhstan after it brutally suppressed public protests in 2011, and yet still walks among us as the voice of the progressive left? Memo to my fellow cancellers: we are bad at this.

Zoe Williams is a Guardian columnist

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Colombia remains committed to engaging Paris Agreement carbon markets, but the process will be systematic and unhurried, external consultants working with the government told Carbon Pulse on the sidelines of the Colombia Carbon Forum in Bogota on Thursday.

Putting some of the proceeds from the EU's incoming Emissions Trading System for road and heating fuels (ETS2) towards direct payments to citizens may be essential to making the scheme fair and politically viable, according to a group of environmental NGOs.

ArcelorMittal will review its investment priorities in Europe once the EU lays out more of its policy and implementation plans, as the steel giant warned of overall trade disruptions caused by tariffs.

More than 60 countries and organisations announced new commitments to sustainable ocean action at the Our Ocean Conference (OOC) in South Korea this week, pledging a total of $9.1 billion.

A non-profit has warned that the design of the EU ETS2, the bloc's new carbon market for transport and heating fuels, could hand the far-right its biggest present yet and have significant negative consequences.

A partnership unveiled Wednesday seeks to provide a solution to stubble burning and agricultural waste in India with the launch of a biochar-based carbon credit platform.

In order to protect the integrity of forest carbon finance, researchers have called for a standardisation of methodologies across both UNFCCC and voluntary crediting programmes.

RWE posted a 1.6% increase in power generation covered by the EU ETS in the first quarter of the year compared to the same period in 2024, it said in preliminary figures published on Wednesday.

Only three out of 10 ocean-based carbon removal (CDR) methods could each offset 10 million tonnes of CO2 annually within German waters, a new study has found.

The financial sector must change how it engages with Indigenous Peoples, while negotiating nature-related financing in areas including biodiversity credits, UN Environment Programme Finance Initiative (UNEP FI) said in a recent report.