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Financial entities raised their California Carbon Allowance (CCA) holdings to levels not seen since last winter, while emitters similarly boosted their North American carbon market net positions as WCI prices soared to 7-month highs, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including the advancement of several climate bills in the California Senate, a court decision on a Maine hydroelectricity line, Vermont's Affordable Heat Act passing the House, and a carbon offsets bill in Texas.

The US Department of Commerce is recommending $562 million from the Bipartisan Infrastructure Law be used to fund climate resilience projects across 30 states, Vice President Kamala Harris announced on Friday.

The Chilean government this week published a resolution that will prevent renewable electricity providers from having to pay into the country’s $5/tonne carbon tax which subsidised fossil fuel-fired generation.

The UK ETS is instrumental in achieving the country's net zero emissions goals and enhancing opportunities for carbon investors, but the British government's commitment to implementing reforms necessary for a robust carbon market has been overlooked amid the mainstream media’s focus on the lack of green industry incentives, write Ruben Lubowski and Callum Lee, Lombard Odier Investment Managers.

Portugal's carbon tax for air- and sea-based travel will be extended to private jet flights with a capacity of up to 19 passengers.

Efforts to create an EU carbon removals market face an uphill struggle as the option is set to be disregarded by the lead lawmaker on the issue, according to parliamentary sources.

Strong regulation on tokenising climate and biodiversity credits is urgently needed to avoid claims of greenwashing and mis-selling to consumers, a think-tank warned Friday, adding that the environmental impact of mining crypto assets was downplayed in legislation passed by the bloc's parliament this week.

A first-of-its kind technology to filter environmental DNA (eDNA) from air samples to monitor terrestrial biodiversity will scale as a commercial service from a collaboration announced Friday, on the heels of an eDNA marine sampling partnership launched earlier in the week.

Environmentalists decry move but natural resources minister says doubling of Vancouver terminal’s size is needed to meet demand

Canada’s federal government has approved a controversial container terminal expansion in Vancouver that would double the port’s current size but could have damaging effects for maritime species already on the brink of extinction, environmental groups warn.

The country’s natural resources minister announced support for the Port of Vancouver’s plan – which would effectively double the size of the Roberts Bank Terminal – framing the decision as a way of preventing future backlog.

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After a warm and dry winter, Europe enters the spring with concerns over whether last year's extremely low hydro power generation may repeat, as weather experts predict likely heatwaves and drought over the coming months that may significantly tighten clean energy supply and crank up EUA demand.

Despite the popular and intuitive notion that people find climate change psychologically distant, a new review of the evidence shows that’s not the case at all. Ben Newell, Professor of Cognitive Psychology and Director of the UNSW Institute for Climate Risk and Response, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

‘To see this at the heart of government planning is an overwhelming relief,’ Energy Council says, while investors warn of impact from US energy package

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The Albanese government has promised to “grab this opportunity” to become a renewable energy superpower after holding a high-level roundtable with major banks, financiers and investment managers.

The Friday roundtable in Brisbane comes after the treasurer, Jim Chalmers, said on Monday that next month’s federal budget would see major investments in “cleaner and cheaper” energy.

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Morgan Trowland and Marcus Decker scaled bridge over River Thames, forcing police to stop traffic

Just Stop Oil protesters Morgan Trowland and Marcus Decker, who scaled a bridge on the Dartford Crossing forcing police to close it to traffic, have been sentenced to three years in prison, and two years and seven months in prison respectively for causing a public nuisance.

In sentencing remarks at Southend crown court, the judge stressed he wanted others to be deterred from copying the men.

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The Zambian government has said will not downgrade the protected status of a key forest in the country and will instead seek to fund its conservation through carbon finance.

The film How to Blow Up a Pipeline makes a case for using sabotage, but hope remains that we can build rather than destroy

The new film How to Blow Up a Pipeline raises loudly the question that many protesters are asking quietly: what happens when peaceful climate protest fails? In its sympathetic depiction of a group of climate activists who set out to blow up a huge oil pipeline with homemade explosives, it gives the same answer in fiction that Andreas Malm’s 2021 book of the same name gave in nonfiction: sabotage.

Its UK release could hardly be more timely. As thousands prepare to gather for Extinction Rebellion’s new wave of peaceful protests this weekend, there is a sense of desperation in the air. So much has already been tried – so many marches and choirs, sit-downs and stunts, assemblies and pickets. Yes, we will gather again. Yes, we will paint more placards. Yes, we will sing more songs.

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Andreas Malm says he has no hope in ‘dominant classes’, and urges more radical approach to climate activism

International climate diplomacy is hopeless, the author of How to Blow Up a Pipeline has said, as the film adaptation of the radical environmentalist book is released.

As activists around the world take increasingly desperate actions against destructive projects, Andreas Malm told the Guardian he had not “a shred of hope” elites were prepared to take the urgent action needed to avert catastrophic climate change.

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EUAs dropped to test technical support at a three-week low in Friday morning trading as sentiment continued to turn bearish as the compliance buying season neared its end.

Europe’s first new plant in 16 years comes on stream in Finland day after Germany pulls plug on last reactors

When Europe’s first new nuclear reactor in 16 years came online in Finland, it was hailed by its operator as a “significant addition to clean domestic production” that would “play an important role in the green transition”.

The opening last Sunday of the long-delayed Olkiluoto 3 plant, Europe’s largest, means about 40% of Finland’s electricity demand will soon be met by nuclear power, which the government says will boost energy security and help it achieve its carbon neutrality targets.

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Weekly trading volume in China’s national emissions market improved from the previous week, though the spot price for Chinese CO2 allowances was dragged down by a block deal amid sluggish demand.