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Most traders expect the California-Quebec current vintage carbon auction on Wednesday to clear around front-month California Carbon Allowance (CCA) prices in the secondary market, which market participants view would result in a new record-high sale clearing price for the WCI market.

Efforts by the UK government and industry to incentivise more tenants to get involved with nature-based, revenue-generating schemes will be key to enabling environmental uplift on about a third of the nation's farmed land, but doing so will require structural changes to tenants' ties that often go back generations.

Gabon's national debt has been restructured under a 'Blue Bond' in the world's second-largest debt-for-nature swap.

European carbon allowance prices set a new two-week high in early trading on Tuesday before falling back in thin trading as much of Europe observed a public holiday, while energy prices forged higher amid higher temperatures and concerns over LNG supplies.

Shipping companies in South Korea may have to bear additional costs of up to 4.9 trillion won ($3.6 bln) if international carbon pricing schemes for the shipping sector are implemented, a report has found.

People have had enough. Our historic class action could be the start of desperately needed change in the water industry

In England and Wales, anger about the state of our rivers and beaches is vast. Open-water swimmers, fishers and canoeists describe navigating through filthy liquid covered in brown scum. Social media posts show disturbing pictures of bankside tree roots and sewer outfalls festooned with the tatty remains of toilet paper and tampons. Blankets of silt and algae mask the previously pristine spawning grounds of salmon. Many people report that their local streams are cloudy, stinking and virtually bereft of fish and aquatic plants, whereas they used to be sparkling waters full of life. Clearly, all is not well in the aquatic environment.

That’s why, for the first time in English law, I have begun legal action with the support of Leigh Day against six of the largest water companies, on behalf of more than 20 million householders. If we win, the compensation could be more than £800m, which would result in about £40 or £50 being paid back per household. Our case is this: we hope to prove that the water companies have been underreporting the number of pollution incidents and overcharging customers as a result. To top it off, rather than reinvesting their substantial revenues, these companies have paid out handsome dividends to shareholders and attractive bonuses to senior staff. During the financial year 2021-22, the main water companies in the UK paid out almost £966m in dividends.

Carolyn Roberts is a water and environment consultant and emeritus professor at Gresham College, London

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Growth in China's thermal power generation continued to outpace the growth of total power output in  July amid continued coal expansion, despite deteriorating signs of economic recovery, government data showed Tuesday.

Land management firm Restore has initiated discussions with investors to set up a fund to secure a 40,000-hectare biodiversity uplift across the UK.

Family and friends delight in telling me tall tales about rodents and now my unfortunate phobia has been passed on to my children

While I couldn’t spontaneously name them, I feel sure there were good qualities I wanted to pass on to my children. But all I’ve managed to transmit is a violent fear of rodents, and even that, to only one of them. I didn’t realise how successful I’d been until a couple of years ago, when we saw a mouse in my son’s bedroom. I screamed; he screamed. I jumped on the bed; he jumped on a chair – but it was a revolving one, so he started spinning round, screaming, and I screamed more. Mr Z ran in expecting an intruder, though I notice he didn’t bring anything to use as a weapon. As much as I reviled it, I felt a bit sorry for the mouse. It was all so ultra.

Consequent to this very noisy, melodramatic phobia, it pleases my associates to tell me stories about mice and rats, which, generally speaking, aren’t true. My brother-in-law told me that, if they have a rat problem on a building site, they contain all the rats in a zone where the only food source is each other, until finally they have one giant rat, and they shoot it in the head. It stalks my dreams, this mutant rat cannibal, even though it makes no sense. On holiday, my friend told me there was a rat in the kitchen, and while I could recognise this at 50 paces as the title of a popular song, I nevertheless believed that there was also a real rat, in the kitchen.

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A biofuel in place of traditional shipping oil has cut emissions by 83% as part of an $18 million trial to abate the shipping sector’s carbon footprint.

A state-owned insurance major in China has launched the country's first forest biodiversity insurance that provides compensation for environmental damage, targeting a region in Zhejiang province's Ningbo city.

A new 15MW offshore wind turbine prototype built by Danish manufacturer Vestas has set a new world record for most power output generated over 24 hours.

The post Vestas 15MW turbine breaks 24-hour wind power generation record appeared first on RenewEconomy.

Middle-aged people in equatorial regions have lived through the most perceptible warming in their lifetimes. But many others may experience unrecognisable changes in their local climate later in life. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Ed Hawkins, Professor of Climate Science, University of Reading Hunter Douglas, PhD Candidate, Te Herenga Waka — Victoria University of Wellington Luke Harrington, Senior Lecturer in Climate Change, University of Waikato Licensed as Creative Commons – attribution, no derivatives.

Lack of funding and staff limit climate sector’s impact on conservation and net zero efforts, say workers

Staff shortages, a lack of specialist personnel and low pay are major barriers to achieving net zero, according to workers in the UK environment sector.

The trade union Prospect, many members of which work in the climate and environment sector, received more than 500 responses to a survey on workplace trends.

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Candidates include an oak in Exeter that survived the blitz and a walnut in a car park in Perth

Urban trees that provide vital food and shelter for wildlife in towns and cities take a starring role on the Woodland Trust tree of the year shortlist.

They include a holm oak in Exeter that survived the blitz and another oak in Surrey that Queen Elizabeth I reputedly had a picnic under.

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Australia has laid out the next steps in its process of deciding whether or not to implement a carbon border adjustment mechanism (CBAM) as part of its efforts to combat carbon leakage.

MIT researchers say supercapacitor breakthrough means that concrete foundations to a house, or a roadway, could play host to a revolution in energy storage.

The post Concrete foundations could host breakthrough for supercapacitor energy storage appeared first on RenewEconomy.

A Senate committee has rejected nuclear power for Australia. A dissenting report by Coalition Senators puts forward some spurious arguments in favour of SMRs.

The post Senate inquiry nixes nukes. Here’s why appeared first on RenewEconomy.

Given all the evidence that shows gas is dangerous, hazardous and expensive, why would anyone consciously choose gas for their new home?

The post The traps laid by the fossil gas industry for uninformed households appeared first on RenewEconomy.

Bowen rejects Coalition and Murdoch media attacks on CSIRO and AEMO, and accusations they had produced "Labor reports", even though they were first published under Coalition.

The post Bowen says Coalition attack on CSIRO and AEMO is wrong and “unbecoming” appeared first on RenewEconomy.