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

Analysts raised their California Carbon Allowance (CCA) average price forecasts for the second half of the year on expected policy developments attracting speculative interest, while maintaining RGGI Allowance (RGA) price estimates despite annual deficits seen over the next three years.

Adoption of carbon pricing in one country significantly increases the likelihood of similar policy adoption in other countries, especially neighbouring ones, a study has found.

The share of coal in Australia's main grid has fallen to its lowest level this century, with renewables jumping to 36.8 per cent in the last financial year.

The post Australia reaches record 36.8 pct renewables in 22/23, lowest coal this century appeared first on RenewEconomy.

Voluntary carbon market standards body American Carbon Registry published its revised crediting methodology on Monday, updating a prior version of project-based carbon credit issuance guidelines from December 2020.

RGGI Allowance prices softened this week amid heavy spread trading and as a major exchange-traded fund drew down RGGI holdings, though some participants noted the market was still holding up well.

WA creates new agencies to help fast-track dozens of massive wind, solar, hydrogen and green industry projects.

The post WA to fast-track wind, solar and green hydrogen and manufacturing approvals appeared first on RenewEconomy.

Eastern Europe, including Western Russia, accounts for around 78% of the continent’s carbon sink, but the rate is decreasing due to changing land use and management and increasing natural disturbances, a new study reveals.

Construction starts on new four hour (800MWh) battery at Kwinana, just weeks after first stage enters production.

The post Construction begins on four hour Kwinana battery to soak up rooftop solar appeared first on RenewEconomy.

Turtles could spell trouble for Western Sydney Airport, which is being built in a wetland. But it’s not too late to include turtle-friendly infrastructure such as underpasses and fences. Ricky Spencer, Associate Professor of Ecology, Western Sydney University Deborah Bower, Associate Professor in Zoology and Ecology, University of New England James Van Dyke, Associate Professor in Biomedical Sciences, La Trobe University Michael B. Thompson, Emeritus Professor in Zoology, University of Sydney Richard Thomas, Senior lecturer, Western Sydney University Licensed as Creative Commons – attribution, no derivatives.

Opposition by mainstream conservatives to key parts of the package is part of an insidious trend

A European parliament plenary vote, held in mid-July, might normally pass under the radar of all but the most passionate aficionados of Brussels politics. That will not be the case next week, when environmental campaigners will watch through their fingers as one of the most consequential decisions so far is made in relation to the EU’s net zero targets.

Before heading for their summer holidays, MEPs are expected to vote on a proposed nature restoration law, committing European governments to rehabilitate and rewild swathes of territory suffering from desertification, deforestation and the draining of peatlands. Along with action on pesticides, this is essentially the biodiversity strand to the EU’s green deal. The law’s role in facilitating carbon capture and creating healthy, resilient ecosystems is deemed indispensable by scientists, if emissions reduction targets are to be met. But as with other aspects of the green transition, Europe’s increasingly dominant right is now mounting a sustained campaign to derail it.

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Standardised nature credits started to tick higher last week as the market waited for the much anticipated roll of the Xpansiv CBL N-GEO contract into new vintage eligibility years, but the voluntary carbon market overall was little changed in a week when the VCMI rolled out its claims code for corporate buying that aims to end allegations of greenwashing.

Scientists found evidence that climate change made the warmer weather last month more likely.

Heat dome of high pressure hovers over Louisiana, Texas and Oklahoma as thousands remain without power in Chicago with heavy rains knocking down trees and power lines

A heat dome of high pressure has been hovering over Louisiana, Texas and Oklahoma creating dangerously hot weather for nearly two weeks.

A heat advisory is expected to last through Tuesday, with heat index readings reaching as high as 120F last week and evening temperatures in the 80s offering little reprieve.

So when that internal heat production exceeds the heat loss, the body reaches a point that it can no longer sustain its natural thermal regulation. That’s when core temps start to rise and heat stroke occurs.

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A forum established to aid British companies to better understand their impact on nature and biodiversity expects 2023 to be a pivotal year for the organisation, a senior member told Carbon Pulse, as it aims to ramp up both membership with a focus on informing firms in the country about upcoming 'net gain' legislation, the opportunities around crediting outcomes, and dealing with global nature disclosure rules.

UN Secretary General Antonio Guterres on Monday urged the global shipping sector and world leaders to keep levels of ambition high at a key UN shipping meeting this week by setting a 2050 net zero target, a 2030 target, and introduce a carbon levy.

A Japanese agritech company plans to launch the country’s first private-sector carbon registry by the end of the year, ahead of expanding to more methodologies, overseas markets from 2024.

Creator of winning garden at Hampton Court flower show says US plants are ideal for changing climate

Years of hot dry summers parching lawns and killing off prize blooms have caused many gardeners to switch to using gravel and Mediterranean herbs, trees and shrubs.

But a newly fashionable style of planting known as prairie planting could be a way to maintain a lush garden that is good for wildlife, while withstanding drought and floods.

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Rising temperatures in north Atlantic and drop in Antarctic sea ice prompt fears of widespread damage from extreme weather

“Very unusual”, “worrying”, “terrifying”, and “bonkers”; the reactions of veteran scientists to the sharp increase in north Atlantic surface temperatures over the past three months raises the question of whether the world’s climate has entered a more erratic and dangerous phase with the onset of an El Niño event on top of human-made global heating.

Since April, the warming appears to have entered a new trajectory. Meanwhile the area of global sea ice has dropped by more than 1 million sq km below the previous low.

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Aim is to at least double size of Wistman’s Wood, a 3 hectare fragment of ancient woodland on Dartmoor, by 2040

Prince William plans to double the size of a tiny fragment of rainforest on his Dartmoor estate, the Duchy of Cornwall has announced.

Wistman’s Wood is one of Britain’s remaining ancient “temperate rainforests”, brought into the public eye after environmental campaigner Guy Shrubsole’s bestselling book on the subject.

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