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California Carbon Allowance (CCA) prices could rise toward the end of the decade due to the WCI cap-and-trade programme’s tightening CO2 caps, although state and federal climate action could reduce permit demand and potentially undermine the effectiveness of the scheme, analysts said Wednesday.

Campaigners say UK government protections on the environment are already being flouted.

EU lawmakers adopted a non-binding report on the prospective carbon border adjustment mechanism (CBAM) by a broad majority on Wednesday, but only after striking out text about removing industry's free allocation of EU carbon allowances.

Tax credits, cheaper renewables, and clear government guidance will be key to accelerating US Secretary of Energy Jennifer Granholm’s vow to scale long-neglected efforts to promote decarbonised hydrogen, an expert panel heard this week.

Yallourn's early closure highlights a dawning realisation cropping up around the world - no grid needs coal. We can be rid of it quickly.

The post Australia’s coal collapse is coming, and Angus Taylor needs to get out of the way appeared first on RenewEconomy.

Big majority in EU parliament vote for corporate due diligence along entire supply chains, which will include UK businesses

The EU took a step closer to holding companies to account for environmental damage and human rights abuses committed by their subsidiaries and suppliers overseas, with a vote in the European parliament on Wednesday.

MEPs voted by a large majority, 504 to 79 (with 112 abstentions), to push forward with proposed legislation that would require companies to conduct due diligence throughout their supply chain, to root out abuses and environmental harm such as deforestation and pollution.

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Registration for the UK’s new emissions trading registry will open on Apr. 6, the government announced late Wednesday, as it outlined the onboarding process.

If octopuses simply started evolving a smarter brain, what stops them from ruling over humans? Why has this not happened already? An expert explains what these cephalopods might be capable of. Culum Brown, Professor, Macquarie University Licensed as Creative Commons – attribution, no derivatives.

When scientists first thought to deceive predators with bird smells, the idea seemed crazy. But after seeing how fake news messes with the minds of both humans and animals, it now makes sense. Peter Banks, Professor of Conservation Biology, School of Life and Environmental Sciences, University of Sydney Catherine Price, Postdoctoral Researcher in Conservation Biology, University of Sydney Licensed as Creative Commons – attribution, no derivatives.

Thinktank calls for more support for local initiatives ranging from heating to flood schemes

Communities across the UK are tackling the climate crisis with hundreds of local schemes ranging from neighbourhood heating to food co-ops, community land ownership projects and flood defences, according to a report.

A study from the IPPR thinktank found that community projects, often set up with the primary aim of reducing poverty and improving people’s day-to-day lives, were also reducing emissions and restoring nature.

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Proposed levy, backed by nine governments, would raise funds for developing zero-carbon ships

Shipping industry representatives, backed by several countries, have submitted a proposal to the UN to charge a climate-related levy on fossil fuels used by international shipping for the first time.

However, climate campaigners are concerned that the levy is too small, and will distract from more effective ways of reducing carbon dioxide from shipping, which is a growing problem.

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EU carbon has a new cheerleader.  A major investor and one of the biggest names on ‘financial Twitter’ (or FinTwit as its followers call it) has said EU Allowances are the “greatest macro trade no one is involved in”.

The California Low Carbon Fuel Standard (LCFS) price ceiling will increase nearly 2% this spring, according to federal data published Wednesday, but current credit values on the secondary market remain well below this level.

Activity fell sharply in Britain and China in 2020 but increased in US, Japan and South Korea, study finds

The UK suffered the largest contraction among top fishing nations during the coronavirus pandemic, according to tracking data analysed by the conservation group Global Fishing Watch.

Related: EU accused of ‘neocolonial’ plundering of tuna in Indian Ocean

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Quebec is exploring the feasibility of five additional offset protocols to help boost the supply of credits in its WCI-linked cap-and-trade programme, the government said on Wednesday, days after it announced amendments to the carbon market regulation to ease the approval of new methodologies.

Prospect of green focus for rescuing economies in danger unless swift action is taken, environment chief says

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Governments around the world are failing to match their green rhetoric with action in rescuing their economies from the Covid-19 pandemic, the UN has warned, with prospects for a “green recovery” in danger unless swift action is taken.

Countries are spending an unprecedented $14.6tn (£10.5tn) on trying to prevent economic collapse, seeking to protect jobs and save businesses on the brink of ruin. However, a UN-backed analysis of 50 leading economies has found only $368bn, or about 18%, of the rescue spending so far can be regarded as green.

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Fourteen national and regional environmental advisory bodies have backed a European Parliament call for the EU to have its own expert Climate Change Council, a show of support that could help seal a compromise in negotiations to finalise the bloc's Climate Law.

At least three Empire State-based RGGI facilities could face some penalties for failing to comply with the cap-and-trade programme’s triennial compliance deadline last week, potentially forcing the utilities to surrender additional allowances, New York officials confirmed to Carbon Pulse.

EUAs extended their record high for a second straight day on Wednesday, rising to near €42 amid supportive energy prices, as trading data showed some types of firms had amassed record-sized positions while more financials were following investors into the market.

A tsunami struck the Japanese plant in 2011, leading to the worst nuclear disaster since Chernobyl.