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The spot price for NZUs hit a two-year low in Thursday morning trade, and is likely to fall "much lower" as the release of the government’s ETS review consultation created further uncertainty in the market, according to market participants.

Fossil fuel company ‘aims to thrive through the energy transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio’

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The Australian energy giant Woodside is spending $7bn to drill for 479m barrels-worth of oil and gas off the coast of Mexico, but it says this is all in line with keeping global heating to 1.5C.

How?

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Following the destruction of the Kakhovka dam, BBC analysis reveals the changes in the surrounding area.

A startup carbon removal marketplace has raised $13 million in Series A funding after claiming a substantial share of the high-value deals seen to date in the nascent sector.

A Berlin-based climate tech startup has raised €3.5 million in funding to help it develop its precise carbon footprint calculation and compensation tool for travel and logistics emissions.

A significant amount of value is at risk for many of the world's biggest brands if their stakeholders' perceptions of sustainability are not in alignment with actual corporate performance, according to a study.

Largest solar and battery storage project in the Western Pacific will meet more than 25% of Palau's electricity needs.

The post Largest solar and storage project in western Pacific comes online in Palau appeared first on RenewEconomy.

Caribbean seagrass offers various benefits worth around $255 billion annually, including $88.3 bln worth of carbon storage, according to a new study.

An Estonian startup developing carbon removal projects through land restoration in Africa has successfully closed a €1 million investment round.

A US-based blockchain company has hired the lead originator from an Australia-headquartered carbon market financier and asset manager, as the firm readies for a major registry to permit credit tokenisation in Q3.

A government advertising watchdog on Tuesday made a recommendation for a US-based multinational food processing company to discontinue using claims relating to achieving net zero emissions.

Before the colonists came, we managed the land with careful use of cool burns. To stop giant bushfires, we have to learn again how to care for country. Robbie Williams, Traditional Owner, Indigenous Knowledge Licensed as Creative Commons – attribution, no derivatives.

The US EPA published its final Renewable Fuel Standard (RFS) blending quotas on Wednesday for the next three years without the ‘e-RIN’ proposal, as the advanced biofuels quota surprised market participants by not increasing as much as expected compared to the preliminary volumes.

EU member states will cut the total volume of EUAs sold at auction between July and September by 22% after the bloc begins selling allowances in July to fund the EU’s REPowerEU initiative, and the market stability reserve adjusts market supply in the last four months of the year.

Massachusetts’ Global Warming Solutions Act (GWSA) current vintage cap-and-trade auction this month settled at the lowest level since last March as offered volume increased, while the future vintage sale cleared at the highest price since September, according to results published Wednesday.

A former employee warned of potential safety problems with the OceanGate vessel in 2018.

Buying sovereign carbon credits is proving far cheaper than domestic offsetting in Switzerland to hit Paris Agreement climate targets, the Klik Foundation revealed Wednesday in the wake of last week's referendum that saw Swiss voters back the new climate bill to cut fossil fuel use and reach net zero by 2050.

Protesters clashed with police in the Maurienne Valley, south east France on Saturday, as they demonstrated against a tunnel being built through the base of the Alpine range that separates France and Italy. The protesters were attempting to reach a site where drilling has already begun on what will be the world's longest tunnel, but were blocked by police. 

The protests were led by Les Soulèvements de la Terre (Earth Uprising) - an umbrella group of several different environmental activist associations across France. On June 21 the French government dissolved the collective claiming their actions were violent and led to material damage. Lawyers for Les Soulèvements de la Terre immediately announced their intention to file an appeal

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Hertfordshire council rules area of land on Hatfield House estate – owned by Marquess of Salisbury – is common land

The aristocrat who owns Hatfield House country manor has been forced to allow the general public to walk on part of his estate after the local council ruled that it was common land.

Earlier this year, the Marquess of Salisbury, Robert Gascoyne-Cecil, opposed an application by the Open Spaces Society (OSS) to register a 1.8 hectare (4.45 acre) area of land on his estate as a common. Gascoyne-Cecil is a Conservative politician, once an MP and minister, and now sits in the Lords as a hereditary peer.

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The voluntary carbon market (VCM) and Article 6 should apply a common criteria of minimum integrity to clean up confusion across buyers and sellers and ensure that carbon credits remain consistently regulated in line with international practices, experts told a virtual event on Wednesday.