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EU carbon allowances may soon "break loose" from their correlation to utility coal-to-gas switching levels and gravitate towards the higher prices of €75-100 thought needed to continue decarbonising the bloc’s economy, analysts said this week.

The Northern Isles followed by Lochinver are expected to have the country's best view of the moon partially obscuring the sun.

California regulator ARB will not incorporate climate programme cost analysis recommendations from a recent state audit in its Scoping Plan update, with officials on Tuesday instead saying long-term GHG reduction goals and emissions trends would inform this process.

California Low Carbon Fuel Standard (LCFS) prices inched down in recent days as utility Pacific Gas & Electric (PG&E) prepared for its next credit solicitation, according to participants in the transportation sector programme.

Instead of focusing on reducing emissions, Australia's government is putting great effort into greenwashing and twisting statistics. Here's how.

The post Your G7 greenwashing guide: How Australia will feign climate ambition appeared first on RenewEconomy.

New research looked at wave conditions over the past 40 years, and found wave power has increased since at least the 1980s, mostly in the Southern Hemisphere. Thomas Mortlock, Senior Risk Scientist, Risk Frontiers, Adjunct Fellow, Macquarie University Itxaso Odériz, Research assistant, Universidad Nacional Autónoma de México (UNAM) Nobuhito Mori, Professor, Kyoto University Rodolfo Silva, Professor, Universidad Nacional Autónoma de México (UNAM) Licensed as Creative Commons – attribution, no derivatives.

Germany favours the rapid end to free EU carbon allowances for airlines, according to a leaked document, increasing the pressure on the sector as it slowly recovers from the pandemic.

Cevian’s call for more capital to be returned is beyond what most City analysts think possible

An activist investor would have been very useful at Aviva for most of the insurer’s 20-odd years of existence, frustrated shareholders will feel. Outside the banking sector, it’s hard to think of a major UK financial services company that has disappointed its investors so often, or showered such large rewards for failure on its chief executives. The share price is less than half what it was at the time of formation via a three-way merger at the turn of century.

The activist that Aviva has finally attracted is Cevian Capital, which has turned up with an £800m, or 5%, stake just at the moment when Amanda Blanc, chief executive since last July, seems to be the first boss with a decent plan.

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US biofuel credit (RIN) values are set to retrace from record levels as gasoline demand recovers and more Renewable Fuel Standard (RFS) policy certainty emerges for the second half of the year, analysts at a major investment bank said.

EUAs rose 1.4% to settle above €52 on Tuesday, climbing for the second straight day amid a supportive energy complex and as technical signals turned bullish following Monday's disrupted session.

Poland's main utility will start gradually closing generation units at the largest emitting installation in the EU ETS from 2030, according to a draft plan published by the Lodz regional government Tuesday.

Newly-formed carbon credit provider Vertree is targeting a major push towards providing offsets for harder-to-abate sectors, betting these heavy industries won’t be able to cut their emissions at a politically-acceptable cost.

California power sector emissions rose for the fourth consecutive month in April amid an uptick in electricity demand as consumer behaviour shifts back to pre-pandemic levels, according to California Independent System Operator (CAISO) data released this week.

Survey to mark World Oceans Day finds 94% in England and Wales believe the fate of oceans and humans is inextricably linked

As people mark World Oceans Day today, an overwhelming 94% of people in England and Wales believe the fate of the oceans and humans are inextricably linked, while more than half rate global ocean health as “poor or very poor”, according to a government survey.

The online survey of 8,000 people, carried out for the Department for Environment, Food & Rural Affairs (Defra) and the Ocean Conservation Trust earlier this year, reveals the depth of public understanding of the link between the health of the oceans and the multiple pressures upon them.

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Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.

Santos liquified natural gas scheme among six projects to receive public support

The Morrison government has announced the first $50m in grants from a new carbon capture, use and storage (CCS) fund, including awarding up to $15m to gas company Santos and $5m to a coal power project owned by mining giant Glencore.

The funding is drawn from a promised $263.7m for the controversial technology, which most often involves capturing industrial greenhouse gas emissions as they are released and injecting them underground.

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A video posted to social media shows Yagon beach near Seal Rocks covered in dead beach worms. Often very difficult to catch, the video shows two men easily pulling the worms out of the sand and dumping them in a pile.

Warning: Strong language

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Meridian Energy announces review of Australian assets, including possible divestment of 294MW of renewables and energy retailer Powershop Australia.

The post Meridian may sell Australian assets, as renewables exodus continues appeared first on RenewEconomy.

Tonnes of crushed rocks could help the Great Barrier Reef recover from global warming, but the ‘reckless’ idea comes with ‘unquantified risks’

Continually dumping crushed rocks from a bulk carrier along a Great Barrier Reef shipping route could counteract the acidification of ocean water caused by fossil fuel burning, but would come with unknown side effects on the marine environment and coral reefs, according to a study from Australia’s science agency.

In what is described as a “first order assessment”, scientists at CSIRO found it was theoretically possible to turn back the clock on the effect of decades of fossil fuel burning, but the radical step came with “as yet unquantified risks”.

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Scientists say experiments could cause whales stress and injury and call for them to be scrapped

Plans to capture and run six-hour-long sound tests on young minke whales are set to go ahead in Norway despite condemnation from more than 50 international scientists and wildlife experts as “completely unacceptable”.

According to the plans, approved by the Norwegian Food Safety Authority, over one or two seasons a dozen juvenile minke whales will be captured in a strait off Vestvågøy island in the Lofoten area of northern Norway, where the animals pass through every year on their way to feeding areas further north in the Barents Sea.

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