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RGGI allowance (RGA) values reached new peaks for the third consecutive week amid market expectations of further rises until sellers lock in profits, with price stabilisation likely after the finalisation of programme changes.

The Washington Clean Fuel Standard (CFS) saw its credit surplus more than double in the third quarter of 2023, as ethanol and renewable represented the largest sources of credit generation, according to recently published and updated state data.

Woman has a narrow escape after falling into a flooded drain in Daylesford, as central Victoria and western Melbourne hit by flooding and building damage

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Victoria’s emergency services fielded almost 500 requests for help as thunderstorms, damaging winds and heavy rain pummelled Melbourne’s western suburbs and the centre and east of the state.

There were close to 250 reports of building damage and 110 food-related incidents across the state in the 24 hours to 7am, the State Emergency Service said.

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Neoen Australia, the country's most successful renewable and storage developer, reportedly seeking sell down of Australian assets.

The post Australia’s most successful renewable and storage developer seeks buyer in biggest asset sale appeared first on RenewEconomy.

Republican members of the Pennsylvania House of Representatives unveiled last week a series of bills they say are intended to promote energy affordability and serve as a counterproposal to Governor Josh Shapiro's (D) energy transition plans that include the implementation of a cap-and-trade system to replace the state's participation in RGGI.

Bushwalkers with smartphones could help scientists track a fungus lethal to many of Australia’s most loved trees. Erin Roger, Sector Lead, CSIRO Alyssa Martino, PhD Candidate , University of Sydney Rebecca Paxton, Doctoral student, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.

The new global climate finance goal will have to drill down on details such as where the money comes from, where it is allocated, how it is monitored and verified, and, ideally, how to bolster integrity of carbon markets, according to a senior international climate finance official. 

CAP scheme, which pays more to farms that occupy more land, drives ‘perverse outcomes for a food transition’, says study

The EU has made polluting diets “artificially cheap” by pumping four times more money into farming animals than growing plants, research has found.

More than 80% of the public money given to farmers through the EU’s common agriculture policy (CAP) went to animal products in 2013 despite the damage they do to society, according to a study in Nature Food. Factoring in animal feed doubled the subsidies that were embodied in a kilogram of beef, the meat with the biggest environmental footprint, from €0.71 to €1.42 (61p to £1.22).

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Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.

Dutch court ruling that KLM misled customers ‘wakeup call’ that decarbonisation plans should be credible, climate advocacy group says

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Australian airlines could be found to have misled consumers in the way they present their net zero goals and market offset options during flight bookings, climate advocates have claimed, following a landmark legal decision on aviation “greenwashing”.

The warning from Climate Integrity, a new Australia-based advocacy group, follows a Dutch court late last month ruling that airline KLM misled customers with vague environmental claims, and that its affirmation to the goals of the Paris Agreement was “misleading and therefore unlawful”.

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The European Shippers Council has hit back at an NGO's claim that shipping companies are profiting from the ETS, countering that companies operating in southern EU countries will struggle to meet compliance obligations.

Hot and dry conditions could force measures despite country experiencing wettest 18 months since records began

• Why is the UK facing water shortages despite record rainfall?

The UK could face water shortages and hosepipe bans if this summer is hot and dry, despite having experienced the wettest 18 months since records began.

Leading scientists have said that because the UK is not storing its water properly, the country is vulnerable to the “all or nothing” rain patterns being experienced more frequently due to climate breakdown.

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EU governments are scrambling to hire and train staff to deal with the bloc's Carbon Border Adjustment Mechanism (CBAM), with some — such as Germany — yet to bring on anyone new, and others — such as Slovenia and Latvia — hoping Brussels will provide more guidance, representatives from the national competent authorities have told Carbon Pulse.

The federal government of Pakistan is considering imposing a carbon tax on fossil fuels to bring down their demand and is contemplating ways to include such a tax in its upcoming budget, officials have told a local media.

South Korea should take into account the factor of carbon pricing when assessing the implementation cost for a net zero electricity system, according to a recent study.

Ten of the most widely used datasets to measure biodiversity changes and inform conservation policies significantly underestimate the level of uncertainty, and could thus lead to unreliable extimations.

Despite bold announcements, no large-scale renewable energy has been added to the SWIS and there are very few sanctioned projects in the pipeline.

The post Big talk, little action: Energy future out west is at crossroads between gas and renewables appeared first on RenewEconomy.

Seven lignite-fired power plant units with a combined capacity of 3.1 gigawatt were finally shut down in Germany at the end of March, after their decommissioning had been postponed due to the energy crisis, news agency dpa reported in an article published in the Süddeutsche Zeitung. In order to save natural gas in power generation during the energy […]

The post Germany shuts down seven brown coal power stations at end of winter appeared first on RenewEconomy.

One of the largest trade groups in Taiwan has urged the government to establish an emissions pricing framework for imported goods to prevent carbon leakage and sustain domestic companies' business competitiveness amid the emergence of international carbon taxes.

Investors need to better understand the impact of regenerative agriculture practices without expecting them to solve all their nature and climate ambitions, according to executives at a non-profit investor network.