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Allowance prices in China’s national emissions market reached year-to-date high this week despite shrinking trading volumes, with analysts expecting price level to remain flat this month amid lukewarm sentiment.

Heatwave continues in southern and eastern Asia as temperatures exceed 40C in vast swathes of region

Shanghai in China has reported a record high May temperature of 36.7C, breaking the previous record by 1C. The new high temperature on 29 May comes amid the heatwave affecting southern and eastern Asia since mid-April. Vast swathes of the region have had temperatures exceeding 40C, with parts of Pakistan reaching almost 50C in mid-May.

South-east Asia has been affected particularly badly, with record high national temperatures in Laos (43.5C), Vietnam (44.2C), and Thailand (45.4C). This is due to low amounts of rainfall over the previous winter resulting in drier soils, which can heat up more quickly than moist soils, thus exacerbating the effect.

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In the context of accusations of widespread over-crediting in the voluntary carbon market (VCM), one emergent accounting approach could tackle some of the challenges with auditing of forestry projects, offering real-time and dynamic monitoring of climate impact via remote sensing technologies.

A Tokyo-listed bank has teamed up with a domestic offset provider to further integrate carbon credit purchase in its services for clients as part of its sustainability strategy.

The best of this week’s wildlife photographs, including owl chicks, a white moose calf and hungry brown bear cubs

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Australian carbon project developers have been given one month’s notice to register new human-induced regeneration (HIR) projects, ahead of the method’s expiration date in September this year, the Clean Energy Regulator said Friday.

Many of Britain’s poorest towns are in areas with greatest potential for renewable energy, says report

A network of underground geothermal plants is being touted as a way to help level up the UK after a report discovered many areas with the greatest geothermal potential lie beneath the towns and cities most in need of investment.

Areas that have been earmarked by the government as part of its levelling up agenda are about three times as likely to be rich in untapped energy from the earth, according to an academic study commissioned by No 10.

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Australian Energy Regulator starts cost and revenue determinations on 1500MW Marinus Link, paving way for early works on the controversial project.

The post Marinus Link gets nudge along as cost determinations begin appeared first on RenewEconomy.

Coal plant owner hit by fines for having the wrong settings on its generating units as regulator investigates why Callide coal explosion had such a big impact on grid.

The post Coal generator fined for lousy response to coal plant explosion that rocked the grid appeared first on RenewEconomy.

The central Asian country has the worst rate of climate-heating ‘super-emitter’ events in the world

The US is in negotiations with Turkmenistan over an agreement to plug the central Asian nation’s colossal methane leaks.

Turkmenistan was responsible for 184 “super-emitter” events in which the powerful greenhouse gas was released in 2022, the highest number in the world. One caused climate pollution equivalent to the rate of emissions from 67m cars.

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The need to limit output to the grid costs solar panel owners up to $4.5 million a year in South Australia alone. A bill of rights and responsibilities can make connecting to the grid fairer for all. Niraj Lal, Visiting Fellow at the ANU Centre for Sustainable Energy Systems, Australian National University Licensed as Creative Commons – attribution, no derivatives.

Environmental and climate groups have slammed an Australian gas distribution company’s decision to offer cash incentives to customers who switch from electric to gas appliances, saying it flies in the face of efforts to transition away from the fossil fuel to reduce emissions.  

If the world is to meet the goals of the Global Biodiversity Framework (GBF), governments must act swiftly to put in place regulations that incentivise nature positive investments and penalise nature negative activity, a global asset manager has said.

Regulator sets exit fee for households seeking to quit gas as they electrify, and allows networks to impose higher fixed charges to recoup investments in face of death spiral.

The post Fossil gas death spiral: Regulator caps exit fee to “socialise” cost of mass disconnection appeared first on RenewEconomy.

Whether riding on the feathers of birds or evolving on Gondwana, Australia’s plants got here in very different ways Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Australian airline Qantas will establish a A$400 million ($263.2 mln) fund to provide direct investments in climate-related projects and initiatives, with a focus on sustainability aviation fuel (SAF) and nature-based solutions, the carrier announced this week.

NSW roadmap says 14GW of new wind, solar and firming capacity could be delivered by end of the decade to replace coal. But will transmission be built in time?

The post Coal in NSW could be squeezed out by end of decade. But the timelines are tight appeared first on RenewEconomy.

The country's first 2GWh big battery is clearly focused on eliminating the growing solar duck curve in Western Australia.

The post Australia’s first 2GWh battery is aimed at eliminating a very big solar duck curve appeared first on RenewEconomy.

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.