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Several EU countries are pushing for a higher share of renewable energy sources (RES) than the goal just adopted as a position by all member states in Council, increasing the prospects of a jump in ambition in final negotiations with the European Parliament in the new year that could dampen carbon prices.

Text setting out an EU decision on how many carbon allowances it will auction from the market stability reserve as part of its REPowerEU strategy suggests that legislators have developed a view on what is an appropriate price for carbon, market sources said on Wednesday.

The Way of Water is a movie for our times – a rallying cry to make us cherish and protect the oceans that are so vital to life on Earth

The original Avatar was more than a movie. It was an event.

It was reportedly pulled from some theatres by the Chinese government for fear it could incite land revolts; slammed by the Christian right for its “anti-Americanism”; used eagerly by anti-extractivism and anti-colonialism protesters; elicited depression among those who left cinemas to face the impoverished Earth of our cityscapes; and I personally heard that it led some viewers to sell their 4x4s, leave the army and much, much more. This was no ordinary film.

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The holidays as we know them can be bad for us and the planet. Here are some ideas to make your winter celebrations joyful

Christmas may look like it’s beyond redemption. Very few people in the UK are genuinely celebrating the birth into abject poverty of a refugee boy who they believe was God become human. And as for Saint Nick and the invitation to deceive young children, that’s equally dubious. Adults don’t usually lie to children – it’s not kind.

The whole day/week/month/two months is hopelessly lost in consumer capitalism. It’s all anticipated with dread by many of us who don’t have the perfect family, the perfect living conditions and the money to spare, or aren’t able to look away from both the obscene overconsumption and the poverty crisis. So how can we start to redeem the season? I have a few ideas.

Isabel Losada is the author of The Joyful Environmentalist: How to Practise without Preaching

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Three Verra-certified forestry conservation projects in Kenya could be over-credited, a rating agency has warned following a review that nonetheless slightly improved grades for two of them while reaffirming the previous rating of a third that at one stage attracted backing from Hollywood actors.

EUAs gave up Tuesday's gains in very quiet trading on Wednesday morning, with traders reluctant to pinpoint any key drivers as the holiday season kicked into higher gear, while European energy markets continued to lose ground amid a combination of warmer weather and healthy supplies.

Spain-headquartered fashion group Inditex, which owns clothing brands such as Zara, has committed to at least €10 million in funding to a number of WWF biodiversity and ecosystem restoration projects over the next three years.

India expects its planned carbon market to be fully operational in 2026 and intends to set up a market stabilisation fund to ensure prices don’t fall below a certain level, Reuters reported on Wednesday, citing a government presentation shared with stakeholders.

Sherif Osman, an Egyptian-American citizen, was detained in Dubai where he was visiting family

The United Arab Emirates is preparing to deport an Egyptian-American citizen detained in Dubai who called for protests during the Cop27 climate conference in Egypt, sparking fears about the treatment of civil society during next year’s Cop28 in the Emirates.

Sherif Osman, a former Egyptian army officer who has lived in the United States for decades, was detained at a restaurant in Dubai, where he had travelled with his fiancee to see family.

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A Europe-headquartered energy company has revealed that it provided the greatest proportion of carbon credits for the first MENA voluntary carbon market auction hosted by Saudi Arabia's public investment fund (PIF) in October, selling almost 500,000 tonnes to the organisers.

Confusing and incomplete reporting guidelines are making it difficult for China's iron and steel industry to adequately and correctly report their CO2 emissions, a report has found, raising concerns ahead of the sector's planned inclusion in the national emissions trading scheme.

An investigation into the pipeline’s largest spill is under way in Kansas as a recent report points to a deteriorating safety record

The Keystone pipeline, which traverses 2,600 miles from western Canada through the central US, leaked an estimated 14,000 barrels of oil, more than half a million gallons, into a creek in Washington county, Kansas on 7 December. The incident was the largest onshore oil spill since at least 2013, the Keystone pipeline’s third major spill in the last five years, and the largest since it began operating in 2010.

It is also the case that previous estimates from earlier spills on the pipeline have turned out to be much larger than the initial estimates.

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A web3 company offering digital carbon credits for offsetting purposes has refined its offering to allow users to select the geography, vintage, and project type they want to use.

The first orbital space launch from UK soil is now expected to take place in January.

The emergence of CCUS as an effective technology to mitigate climate change will require the regular revising of laws at both the national and international level to regulate issues such as the transport and storage of CO2, the formation of hubs and clusters, and a viable insurance system for the sector, a study has found.

Provision allows Maine’s lobster industry to continue using fishing gear that maims the species, often fatally, until 2028

Animal protectionists are accusing Democrats in the US Senate of selling out the critically endangered northern right whale by including a provision in a year-end funding bill that would allow Maine’s lobster industry to continue using fishing gear that maims the species, often fatally, until at least 2028.

According to the Center for Biological Diversity, an unprecedented right whale policy rider inserted by Democratic senators Chuck Schumer of New York and Patrick Leahy of Vermont into the omnibus funding budget released on Tuesday effectively condemns the right whale to extinction.

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While New Zealand will allow all scientifically robust forms of sequestration in its ETS from 2025, a government report has cautioned it will be some time after that before landholders are likely to be rewarded with NZUs.

UK-based Social Carbon Foundation has launched a new methodology to award carbon credits to conservation projects located in areas of biodiversity importance.

South Australia posts a remarkable and world-first run of net 100 per cent wind and solar for more than 10 days, or 249 hours.

The post South Australia’s remarkable 100 per cent renewables run extends to over 10 days appeared first on RenewEconomy.

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