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Businesses involved in the UK Emissions Trading Scheme have criticised the British government over a lack of visibility regarding potentially significant climate policy changes, which they say is hindering post-Brexit investment.

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All generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) power sector carbon market complied by the Mar. 1 deadline for 2021 emissions, according to a state agency.

Finnish biofuel company Neste Corporation on Tuesday announced a joint venture to produce renewable diesel (RD) at Marathon Petroleum Company’s forthcoming facility, which traders said could weigh even more on California Low Carbon Fuel Standard (LCFS) credit prices that are already sitting at four-year lows.

The European Commission is making plans to expand the number of industries eligible to receive indirect ETS cost compensation under state aid guidelines, according to a leaked draft seen by Carbon Pulse on Wednesday that signals an apparent U-turn in policy.

Market intelligence firm ICIS has pulled the plug on its US carbon analytics service, Carbon Pulse understands.

EUAs are likely to continue to face bearish pressure as prospects for industry slowdowns outweigh any increased coal and oil burn to cover Russian gas supply disruptions, analysts told Carbon Pulse.

Wealthy nations accused of depriving poorer ones of nutrient-rich food and wasting mackerel, sardine and anchovy stocks

Shoppers’ appetite for salmon is causing millions of tonnes of nutritious mackerel, sardines and anchovies to be wasted as fish feed, according to new research.

Its authors say farming salmon is an inefficient way to produce nutritious seafood, calculating that half to 99% of minerals, vitamins and fatty acids in the wild-caught fish are not retained when fed to farmed Atlantic salmon.

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Slump effectively lowers cost of emitting carbon for the most polluting companies

• Russia-Ukraine crisis: live news

The price of carbon permits in Europe has crashed dramatically following Russian’s invasion of Ukraine, lowering the cost of emitting carbon for the EU’s most polluting companies.

Permit prices, which are part of the European Union’s (EU) emissions trading scheme, were launched in 2005, and reached a high of €97 (£80) in early February, but have now slumped below €70. Prices were on course to drop to almost €60 on Wednesday afternoon, representing the biggest fall since 2014.

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The Morrison government's 'Making Positive Energy' ad campaign labelled 'disinformation', after receiving 'Public Disservice Award'.

The post “A misinformation ecosystem:” Scott Morrison’s climate ads given ‘Public Disservice Award’ appeared first on RenewEconomy.

Review of G20 fiscal stimulus spending counters many countries’ pledges to ‘build back better’

Only about 6% of pandemic recovery spending has been “green”, an analysis of the $14tn that G20 countries have poured into economic stimulus.

Additionally, about 3% of the record amounts governments around the world have spent to rescue the global economy from the Covid-19 pandemic has been spent on activities that will increase carbon emissions, such as subsidies to coal, and will do little to reduce greenhouse gases or shift the world to a low-carbon footing.

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UN environment assembly resolution is being hailed as biggest climate deal since 2015 Paris accord

World leaders, environment ministers and other representatives from 173 countries have agreed to develop a legally binding treaty on plastics, in what many described a truly historic moment.

The resolution, agreed at the UN environment assembly in Nairobi, Kenya, calls for a treaty covering the “full lifecycle” of plastics from production to disposal, to be negotiated over the next two years. It has been described by the head of the UN Environment Programme (UNEP) as the most important multilateral environmental deal since the Paris climate accord in 2015.

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Authorities fear that thousands of tons of fuel carried onboard could leak and pollute the ocean

An abandoned ship carrying an estimated $401m (£295m) worth of cars, including Porsche, Audi, Bentley and Lamborghini models, has sunk nearly two weeks after a fire broke out onboard.

The Felicity Ace sank on Tuesday about 400 kilometers (250 miles) off Portugal’s Azores Islands as it was being towed, MOL Ship Management in Singapore said in a statement. A salvage team had put out the fire which had burned for days, fueled by lithium-ion batteries in electric vehicles onboard.

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Nearly 200 countries agree to start negotiations on a global treaty to tackle the plastic "crisis".

Russia's space agency demands guarantees OneWeb satellites won't be used for military purposes.

Despite nearly a third of shark species nearing extinction, Spain supplied 51,000 tonnes of shark fins from 2003-20, says IFAW

European countries are selling so many shark fins to Asia that they dominate nearly half the trade, a study has found.

Shark populations continue to decline, driven by the global shark fin trade. Last year, scientists found a third of sharks and ray species have been overfished to near-extinction, jeopardising the health of entire ocean ecosystems and food security for many countries.

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EU carbon prices plunged by as much as 20% for a second day as investors and traders continued to liquidate positions, while energy prices extended their gains amid fears that sanctions will cut off Russian energy supplies to western countries.

Agricultural firm Usher Pastoral and miner Rio Tinto received large batches of Australian offsets this week, adding to a trend of improved supply that continues to put downward pressure on prices.

Waitrose, Morrisons and M&S among firms to install refill stations in attempt to reduce plastic waste

“Every shopper in the UK” will have access to refillable groceries in a large supermarket or with a delivery service under plans by some of the country’s biggest grocers.

Waitrose, Ocado, Morrisons, Marks & Spencer and the supply-chain company CHEP have joined a refillable grocery partnership and plan to both roll out unpackaged options in-store as well as letting people fill containers with essentials during home deliveries.

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Howard Cox denies any conflict of interest in his links to fair fuel group of MPs and company Ultimum

A lobbyist who has worked with Conservative MPs to argue that the development of as yet unproven fuel additives means it is unnecessary to phase out petrol and diesel engines is the director of a firm developing such products, it has emerged.

Howard Cox, who runs the FairFuelUK campaign, is heavily involved with the all-party parliamentary group (APPG) on fair fuel, which recommended last year that ministers urgently look at fuel additives, saying these reduced emissions by more than 50%.

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