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

US-based Nodal Exchange will launch two Oregon Clean Fuels Program (OCFP) contracts and three new renewable energy certificate (REC) offerings next month, product development firm and bourse partner IncubEx announced Thursday.

California Carbon Allowance (CCA) prices hit a two-month high this week as they edged above the WCI auction reserve price on thin activity, while RGGI allowances (RGAs) stagnated on the secondary market as no volume transacted.

Entities may surrender fewer offsets for the WCI cap-and-trade programme's third compliance period as the COVID-19 pandemic slashes emissions, but market participants anticipate the utilisation rate will remain relatively unchanged.

Thirty years since Australia’s water reform project began, it's clear our efforts have largely failed. We must find another way. Quentin Grafton, Director of the Centre for Water Economics, Environment and Policy, Crawford School of Public Policy, Australian National University Matthew Colloff, Honorary Senior Lecturer, Australian National University Paul Wyrwoll, Research fellow, Australian National University Virginia Marshall, Inaugural Indigenous Postdoctoral Fellow, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The UK government needs to urgently clarify its carbon pricing policy from 2021 after the country leaves the EU ETS, a group of large British-based businesses said, noting that time is running out for the planning and negotiations required for a smooth transition.

Scientists call for the conservation of nature to be at the centre of the economic recovery after the coronavirus pandemic.

Scientists discover a new behaviour among bumblebees that tricks plants into flowering early.

The EU must reform the ETS to unleash its untapped potential for industrial decarbonisation by reviewing free allocation benchmarks and aligning the scheme with other policies, a report co-authored by several green groups urged this week.

Exclusive: Letter to national cabinet, energy ministers and Nev Power warns Australia’s prosperity depends on cutting emissions

A cross-society collection of groups – representing business, the energy industry, property owners, unions, major investors, disadvantaged people and the environment – have banded together to warn that Australia’s prosperity depends on eradicating greenhouse gas emissions.

In a letter to the national cabinet, federal and state energy ministers and Nev Power, Scott Morrison’s handpicked Covid-19 recovery chairman, the 14 organisations have called for government support in the wake of the pandemic to urgently stimulate job growth and rebuild a “sustainable and strong economy”.

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The Spot robot was designed for search and rescue - but may find work in the farming industry.

Leeds, Birmingham and Bath also push back green plans and blame coronavirus pandemic

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The creation of the biggest clean air zone in the UK to tackle illegal levels of air pollution is being delayed by a year because of the coronavirus pandemic.

Greater Manchester became the latest city to announce it was putting off the implementation of a clean air zone (CAZ), raising concerns that a green recovery from the Covid-19 crisis was being put on hold.

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California Low Carbon Fuel Standard (LCFS) credits this week approached levels not seen since the coronavirus pandemic hit, while activity began to ramp up further out on the curve and forward prices narrowed against near-term deliveries.

How the loss of the Amazon goes beyond deforestation - and what the nine countries that share this natural resource are doing to protect it.

EUAs extended their four-week high above €21 in thin holiday trade early on Thursday, continuing the week's strong gains amid bullish technical indicators.

The European Commission will next week propose an EU ETS-linked contract-for-difference support scheme for clean hydrogen as part of its wide-ranging coronavirus recovery package, according to a draft document leaked to media late Wednesday.

Denmark plans to be first country to begin make paradigm shift from individual offshore wind farms to massive energy island hubs.

The post Denmark plans massive “energy islands” to deliver 4GW of green fuel to economy appeared first on RenewEconomy.

ExxonMobil, Koch and Mercer family are past funders of critics of stay-at-home orders as fossil fuel industry struggles amid lockdowns

Dozens of individuals and groups urging states to reopen amid the Covid-19 pandemic have historical financial ties to coal and oil and gas companies and conservative billionaires who have invested in climate disinformation.

Past funders of the current critics of stay-at-home orders include the bankrupt coal company Murray Energy and oil giant ExxonMobil, as well as Koch and Mercer family foundations, according to DeSmog, a group that tracks the money behind anti-climate-action campaigns.

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Antarctica is  turning green due to the climate crisis and the phenomenon is potentially offering sustenance to other species, according to the first large-scale algae map of the peninsular by University of Cambridge scientists.

The map identifies 1,679 separate blooms of green snow algae, which together cover an area of 1.9 sq km, equating to a carbon sink of about 479 tonnes a year. This is equivalent to the emissions of about 875,000 petrol car journeys in the UK, though in global terms it is too small to make much of a difference to the planet’s carbon budget

• Climate change is turning parts of Antarctica green, say scientists

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South Korean CO2 allowances recorded a sixth successive session of gains on Thursday, rising 6.4% on the day as several large buyers have stepped in to take advantage of the drop that took almost a quarter off KAUs’ worth earlier this month.