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

California Carbon Allowance (CCA) prices plateaued this week despite a forthcoming cap-and-trade rulemaking webinar and relatively strong WCI Q2 auction result, while the lull in activity ahead of Wednesday’s Washington Carbon Allowance (WCA) auction was briefly interrupted by a small trade.

They are largely unpredictable and unforeseeable but are twisters becoming a more serious threat?

A carbon project developer is showcasing deals made with provincial governments in Indonesia, claiming that the agreements add a very significant volume of carbon credits to its project pipeline.

New York state is taking feedback on all design elements of its proposed economy-wide cap-and-invest system including speculative participation, trading restrictions, allowance holding period limits, and reporting requirements, even as it contemplates linkage with other jurisdictions’ programmes, government officials told a webinar on Thursday.

Oil major ExxonMobil on Thursday announced a carbon capture and storage (CCS) deal to bury 800,000 tonnes of CO2e annually from a US steelmaker.

Corporations that are “material” users of carbon credits have slashed their emissions twice as fast as companies that have not made such purchases, aa research firm said in a report published Thursday.

Studies in Yellowstone National Park show plant matter (mostly grass) is found in up to 74% of wolf scats, suggesting the behaviour may be inherited from the beginning of doggy time. Susan Hazel, Associate Professor, School of Animal and Veterinary Science, University of Adelaide Joshua Zoanetti, PhD candidate in Veterinary Bioscience, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.

Verified emissions in the UK ETS rose by 2.5% in 2022, the government announced late Thursday, with the increase in output driven by a post-pandemic rebound in aviation.

Pressure is mounting on the UAE ahead of the UNFCCC's intersessional climate change conference in Bonn next week, with criticism building among stakeholders over the Gulf state's hosting of the year-end COP28 UN climate summit due to the lack of a clear agenda, split priorities among negotiating parties, and the potential influence of the fossil fuel industry. 

The body responsible for helping to shape which mitigation activities can be credited under the Paris Agreement on Thursday signalled it will drop the controversial tonne-year accounting method from its recommendations.

Tensions within the European Parliament have been rising for weeks, with fractious negotiations over the bloc's proposed nature restoration law reaching breaking point in recent days.

More than half of 1,986 large global corporations are yet to pledge a carbon emission reduction target, according to the latest findings of researchers tracking company-level activity that reveal a major gap shortfall in climate action and potential carbon credit demand. 

Protected forests worldwide store an additional 9.65 billion tonnes of carbon in their aboveground biomass compared to similar unprotected areas, according to new research.

The European Commission is likely to publish its first set of implementation and delegated acts in the coming weeks related to the recently-passed carbon border adjustment mechanism (CBAM), with experts weighing whether details are likely on the thorny issue of carbon price equivalency.

The government of Bangladesh has proposed a carbon tax in its 2023-24 budget, aimed at reducing carbon emissions, easing city traffic congestion, and promoting public transportation use.

Switzerland has issued a plea to project developers to reach out to the country to pitch ideas under Article 6.2, the mechanism for bilateral carbon trade between countries to help meet Paris Agreement targets, amid a paucity of available opportunities in the market.

Exclusive: Study finds pests could damage crops, and households would incur costs for pesticides, veterinary bills and electrical faults

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Failure to stop the spread of an outbreak of invasive fire ants in south-east Queensland could cost the Australian economy more than $1bn a year, including damage to high-value crops, infrastructure and homes.

A previously unreleased cost-benefit analysis, commissioned by a steering committee managing the outbreak of red fire ants and obtained by Guardian Australia, says that eradication of the species provides “much higher returns” than suppression measures that simply limit its spread.

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IEA says Solar PV and wind set to lead largest increase ever in new renewable capacity this year, but Australia risks being left behind.

The post Global wind and solar additions to shatter records, but Australia being left behind appeared first on RenewEconomy.

Alexandre Saraiva gives alert on organised crime in region ahead of anniversary of killings of Dom Phillips and Bruno Pereira

The rapid advance of organised crime groups in the Brazilian Amazon risks turning the region into a vast, conflict-stricken hinterland plagued by heavily armed “criminal insurgents”, a former senior federal police chief has warned.

Alexandre Saraiva, who worked in the Amazon from 2011 to 2021, said he feared the growing footprint of drug-trafficking mafias in the region could spawn a situation similar to the decades-long drug conflict in Rio de Janeiro, where the police’s battle with drug gangs and paramilitaries has claimed tens of thousands of lives.

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