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

California Low Carbon Fuel Standard (LCFS) prices retraced towards a recent six-month low this week as a surprising credit build during Q3 2020 continued to exert bearish pressure on the market.

RGGI Allowance (RGA) prices climbed to a nearly three-week high this week on thin secondary market activity, as California Carbon Allowance (CCA) values edged further away from the annual WCI floor price ahead of next week’s quarterly sale.

WA leaders urged to go hard on the clean energy transition - beyond even the surprisingly ambitious targets unveiled by the WA Liberals.

The post “Go hard, go early:” Clean energy groups say W.A. target should be 700 pct renewables appeared first on RenewEconomy.

Australia isn't the absolute worst on creating a green future, but it has a long way to go before it leads, says a new MIT report.

The post MIT report ranks Australia in the global middle of green futures appeared first on RenewEconomy.

Coal's impacts are piling up, partly due to weak Australian regulations, and AGL tops a new list collated by environment groups detailing those impacts.

The post AGL tops coal impacts list: new report appeared first on RenewEconomy.

An estimated 600 gallons of oil have spilled from the Richmond refinery into the San Francisco Bay

Emergency crews in Richmond, California, are rushing to clean up an estimated 600 gallons of oil that spilled from a Chevron refinery into the San Francisco Bay. Details on the spill are still scant, but the emergency has reinvigorated calls from residents and environmentalists for the city to change its relationship with the refinery.

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Oil major Shell set out plans on Thursday to significantly scale up its demand for nature-based carbon credits and CCS as part of its rising climate ambition over the next 15 years.

Canadian financial software company Abaxx Technologies has agreed to invest in blockchain-based venture AirCarbon, with the potential to scale up the partnership further when the Singapore-based emissions platform develops a regulated futures market, the companies announced Thursday.

As recent political history shows, emissions reduction targets must be legally binding if we're to have any hope of reaching them. Tim Stephens, Professor of International Law, University of Sydney Licensed as Creative Commons – attribution, no derivatives.

Cumbrian councillors are reviewing their support for a controversial coal mine near Whitehaven.

The UK government has increased the reserve price in its upcoming carbon allowance auctions by almost 50% and has updated the rules governing the market's cost containment mechanism, it announced late Thursday.

They are thought to be formed by cars driving though puddles and spraying trees in icy conditions.

A mission to study a moon that could be home to extra-terrestrial life has been given a launch date.

The satellite images reveal miles of unregistered gold mining in Peru's Amazon rainforest, Nasa says.

Productivity Commission says Australian governments have allocated funding to several projects failing cost-benefit analyses

The Productivity Commission has slammed decisions by the federal and state governments to fund major dam projects without business cases, saying that several fail cost-benefit analyses and amount to subsidies for the private sector.

In a new draft report on national water policy, the commission has singled out Rookwood weir on the Fitzroy river in Queensland and the Dungowan dam on the Peel near Tamworth to demonstrate its concerns about the way decisions are made about infrastructure.

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Legislation needed to clear the next stage of the controversial project has passed through Parliament.

EU carbon prices climbed above €40 for the first time ever early on Thursday amid bullish technical signals and growth in investor interest.

Gail Mabo and Joanne Margaret Keune accuse the foundation of repudiating a contract to manage a traditional owners forum

The Great Barrier Reef Foundation is being sued by the daughter of Indigenous land rights campaigner Eddie Mabo after it allegedly cancelled a contract for a $1m traditional owners forum.

In documents filed in the Townsville district court, the foundation is accused of repudiating a contract with Gail Mabo and Joanne Margaret Keune in September, two months after they allegedly reached a deal that would have seen the pair paid $1m over two years to plan and run the three-day forum.

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Document given to Senate crossbenchers outlines plan to transfer environmental decision-making powers to states and territories

The Morrison government is preparing to reject a recommendation it introduce strong national environmental standards to improve protection of Australian wildlife, opting to instead mimic the failing existing laws.

A document, seen by Guardian Australia, sets out the proposed standards the government will introduce to underpin its plan to transfer environmental decision-making powers to state and territory governments.

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