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The Green Climate Fund's board clashed this week over several climate adaptation projects, disbursing $500 million mostly to mitigation schemes and falling behind in its aim to balance its funding.

Speculative firms increased their California Carbon Allowance (CCA) positions over the week as their cumulative holdings rose above the 100-million mark, while emitters’ short positions increased at the futures expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs failed to extend the previous session's all-time high on Friday despite steadier energy prices, but still managed to lock in a solid 4.2% weekly gain.

Colombia may have lost millions in carbon tax revenue while doing little to advance its climate goals, according to an NGO investigation into two REDD projects that raises questions about how forest carbon projects interact with government rules.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in California, New Jersey, and Rhode Island.

Scientists fear heat domes in North America and Siberia indicate a new dimension to the global crisis

If you were drawing up a list of possible locations for hell on Earth, the small mountain village of Lytton in Canada would probably not have entered your mind until this week.

Few people outside British Columbia had heard of this community of 250 people. Those that had were more likely to think of it as bucolic. Nestled by a confluence of rivers in the forested foothills of the Lillooet and Botanie mountain ranges, the municipal website boasts: “Lytton is the ideal location for nature lovers to connect with incredible natural beauty and fresh air freedom.”

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New Zealand carbon allowances on Friday rose to new record levels as demand remains strong after a number of traders were left wanting at the June auction.

More than 12 million Chinese Certified Emissions Reductions (CCERs) traded across all platforms in the Chinese market in June, setting a new record, but the ETS delay and lack of clarity about future offset issuances is creating challenges for traders.

Swiss commodities trading house Mercuria has launched on environmental products, launching a new business led by veteran market players, many of whom have recently left oil majors including BP and Shell, Carbon Pulse has learned.

Private sector companies are likely to face more legal challenges seeking to force them to adopt more ambitious emissions-cutting policies in the coming years, as climate-related litigation increases “dramatically”, according to a report published Friday.

If Europe is serious about remaining a frontrunner in meeting the objectives of the Paris Agreement, then it urgently needs an ambitious EU ETS reform to clean up its historic addiction to free handouts so the practices of sustainable frontrunners become the market norm, argues Leon de Graaf of #SustainablePublicAffairs.

The best of this week’s wildlife pictures, including a newborn baby gorilla, a rare giant muntjac and a harpy eagle

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Adders and slow worms also among species possibly affected by changes that could help property developers

Legal protections for wildlife and plants in the UK are set for a review that could result in some important species losing their entitlement to special status, ecology experts have told the Guardian.

Adders, slow worms, water voles, mountain hares, pine martens and red squirrels are among the species experts have warned could be affected, after unexpected changes to the government’s review process that will raise the bar on how rare and under threat an animal needs to be to gain legal safeguards.

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We are looking to hire an experienced hands-on Carbon Offset Project Manager on a permanent basis. Location for the role is based at our London office, and we are happy to consider non-UK citizens that are willing to relocate. There would also be regular travel to Africa.

The municipal government of Wuhai city in Inner Mongolia on Friday released documentation showing that provincial authorities have issued administrative punishment to a company for falsifying data related to its CO2 allocation under China’s national emissions trading scheme.

Experts’ discoveries lie at the heart of two dozen lawsuits that hope to hold the industry accountable for devastating damage

As early as 1958, the oil industry was hiring scientists and engineers to research the role that burning fossil fuels plays in global warming. The goal at the time was to help the major oil conglomerates understand how changes in the earth’s atmosphere may affect the industry – and their bottom line. But what top executives gained was an early preview of the climate crisis, decades before the issue reached public consciousness.

What those scientists discovered – and what the oil companies did with that information – is at the heart of two dozen lawsuits attempting to hold the fossil fuel industry responsible for their role in climate change. Many of those cases hinge on the industry’s own internal documents that show how, 40 years ago, researchers predicted the rising global temperatures with stunning accuracy. But looking back, many of those same scientists say they were hardly whistleblowers out to take down big oil.

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Citizen Zoo plans to reintroduce animals in Tottenham as part of effort to ‘beaver up’ the capital

Beavers are set to be released in London in the UK’s most significant urban reintroduction, the Guardian can reveal.

It is hoped the rodents, which went extinct in the UK 400 years ago after being hunted for their fur and an oil they produce, will be brought to a site in Tottenham.

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Scientists find micro-organisms from the bovine stomach have ability to degrade polyesters in lab setting

Bacteria found in one of the compartments of a cow’s stomach can break down plastic, research suggests.

Since the 1950s, more than 8bn tonnes of plastic have been produced – equivalent in weight to 1 billion elephants – driven predominantly by packaging, single-use containers, wrapping and bottles. As a result, plastic pollution is all-pervasive, in the water and in the air, with people unwittingly consuming and breathing microplastic particles. In recent years, researchers have been working on harnessing the ability of tiny microscopic bugs to break down the stubborn material.

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Application Closing Date: 01-08-2021, 10:59:00 PM The Organisation for Economic Co-operation and Development (OECD) is an international organisation comprised of 38 member countries, that works to build better policies for better lives. Our mission is to promote policies that will improve the economic and social well-being of people around the world. Together with governments, policy […]

Neoen and Pac Hydro settle legal action brought by the AER relating to South Australian blackout, agreeing to pay fines.

The post AER settles legal action against Neoen and Pacific Hydro over SA blackout appeared first on RenewEconomy.