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Climate change: why Black Friday needs patience

"Trading carbon is going to be for real, and the demand for it is going to grow. So the question is how do we bring this together in one place," said Goldman Sachs International CEO Richard Gnodde.

Western Australia wind farms take top positions in latest table assessing performance of Australia's wind projects.

The post Graph of the Day: Best performing wind farms in October appeared first on RenewEconomy.

RGGI allowance (RGA) prices inched to a new four-year high this week on thin secondary market volume, while California Carbon Allowance (CCA) values rose by double digits on optimism about a COVID-19 vaccine and a federal administration under President-elect Joe Biden.

California Low Carbon Fuel Standard (LCFS) credits reached a two-month high on Thursday, while the Oregon Clean Fuels Program (OCFP) posted a small surplus during the second quarter of the year as gasoline usage plummeted during the coronavirus pandemic.  

EUAs dropped below €26 on Thursday to prolong this week's fall-back, as rising coronavirus infection rates tested wider market optimism about vaccine prospects. 

A changing climate means parts of Australia will get hotter, some drier, others wetter and we can expect more extreme fire days. Michael Grose, Climate Projections Scientist, CSIRO Lynette Bettio, Senior Climatologist, Australian Bureau of Meteorology Licensed as Creative Commons – attribution, no derivatives.

The rules that require EU nations to spend a share of the cash raised from auctioning CO2 allowances on climate action could be part of the revision of the upcoming ETS Directive next year, the European Commission official in charge of carbon markets said Thursday.

Morrison isn't cornered. He's surrounded. What happens now that both the world and the states are leaving him behind?

The post Australia’s state-based race to zero emissions has officially kicked off appeared first on RenewEconomy.

California’s WCI-linked cap-and-trade programme must go further to drive emissions reductions, and state regulator ARB will discuss potential options for doing so at its board meeting this month, agency head Mary Nichols said Thursday.

Here is a summary of Carbon Pulse's free side events at this week's IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

Farmers found to be breaching new biosecurity rules face unlimited fines or three month prison sentence

Poultry keepers across England, Scotland and Wales are facing tough new lockdown-style measures on their farms to control the spread of bird flu.

It follows outbreaks of a “highly pathogenic” H5N8 strain of bird flu in Cheshire, Devon, Gloucestershire and Hertfordshire over the past two weeks. The outbreaks have been found in wild bird populations and two broiler chicken farms, where all the birds are being culled.

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California’s 2021 carbon market floor price aligned with traders’ expectations on Thursday as federal data continued to show US inflation improving after the onset of the COVID-19 pandemic.

Germany-based utility RWE saw its ETS-covered thermal generation fall 26% year-on-year over the first nine months, the company said on Thursday, which along with an easing in hedging represents a bearish signals for EUAs.

The green light is given to the near-billion-euro space observatory that will study far-off worlds.

British businesses are unlikely to get clarity on the government’s post-Brexit carbon pricing plans until wider negotiations around a UK-EU trade deal are completed, the minister in charge of the brief said Thursday.

Clearwater Seafoods deal gives Mi’kmaq control of lucrative ocean stretch, as tensions remain high over First Nation fishing rights

For generations, Indigenous peoples in Canada have watched, often in frustration, as commercial industries profit from the land and waters their ancestors once harvested. This week, however, excitement replaced irritation as a group of First Nations announced plans to scoop up one of the largest seafood companies in North America.

Early this week, leaders of the Membertou and Miawpukek First Nations, both of which are Mi’kmaq communities, reached an agreement to buy Nova Scotia-based Clearwater Seafoods in a deal worth C$1bn (£580m). Heralded as the “single largest investment in the seafood industry by any Indigenous group in Canada”, the landmark deal comes at a critical moment for Indigenous communities in the region, as tensions remain high over their treatied fishing rights.

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BoM issues wake up call with latest 'State of the Climate' report, warning Australia on track for more extreme heat, bushfires and coral reef destruction.

The post BoM wake up call: Record warming leading to more extreme heat, drought and fires appeared first on RenewEconomy.

But the roads are much busier than during the first lockdown, new government figures show.

Belgium’s environment minister said on Thursday she will not table a proposal for a carbon tax, with the measure meeting with opposition among the federal government’s coalition partners when floated earlier this week.