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EUAs traded in a narrow range for much of Friday morning as bulls and bears battled it out, before the market broke higher on sustained buying shortly before midday, as energy markets fell back amid a build in North Sea gas supply.

Carbon Pulse has recently hired its first Greater China correspondent amid a push in Hong Kong and Taiwan to play a larger role in international carbon markets, adding to the news flow already emerging from Mainland China.

A mild November may be talked of as a ‘freak weather event’, but the climate crisis will make the abnormal normal

My fingers should be numb. My breath should rise in clouds. I want leaves to crunch and snap beneath my feet. I want to have to pull my coat tightly around me, to ram a hat low over my ears. I expect to be locking horns with the thermostat. But instead I find myself overheating. Is this the new November?

Following soaring temperatures across Britain throughout 2022 and a distinct lack of rain, we knew better than to expect our weather to resume its familiar winter course. An African plume of hot air whipping off the tropics, the Azores and Cape Verde has lifted London’s temperatures 8C above average. Porthmadog, north Wales, had a high of 21.2C on Remembrance Sunday. And we’re still pursuing a limit on global temperature rise of 1.5C.

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Circus Science by the Sea takes place this weekend in Westport and Achill island, coastal areas facing climate challenges

Cop27 may have been dismissed as a circus in some quarters, but a group of scientists and performers is staging a real circus in Ireland to inspire people to help tackle the climate crisis.

The eclectic mix of engineers, conservation experts, clowns, jugglers and acrobats will perform this weekend in what is billed as Europe’s first circus science and environment festival.

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More sharks are to be given protection from over-exploitation in what's seen as a conservation milestone.

Overfishing and a lack of regulation is pushing sharks to extinction – now a global body is hoping to better protect them

Countries at the world’s biggest wildlife summit have voted for the first time to regulate the trade that kills millions of sharks every year to feed the vast appetite for shark fin soup.

In what marine conservationists have hailed as a landmark decision, parties at the 186-nation Convention on International Trade in Endangered Species of Wild Fauna and Flora, or Cites, voted to limit or regulate the commercial trade in 54 shark species of the requiem family, including tiger, bull and blue sharks which are the most targeted for the fin trade. It will require countries to ensure legality and sustainability prior to authorising exports of these species.

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It’s Friday - the final day (?) - of week two at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today's other news and announcements from the summit. Timestamps in local time (EEST, GMT+2).

The European Union has backed a loss and damage fund, one of the key demands of developing countries at the climate talks

The low-lying Pacific island of Tuvalu has been reaction to the EU’s proposal on loss and damage. Their finance minister, Seve Paeniu, called for support for phasing out all fossil fuels, language so far missing from the draft Sharm el-Sheikh agreement.

He described the EU position on loss and damage as a “breakthrough”.

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Liquidity continued to improve in China’s compliance and voluntary markets over the past week, though observers remain cautious about market outlook due to unclear policy signals.

The Australian government has awarded nearly A$29 million ($19.5 mln) in funding to farmers and land managers to make it easier for them to measure the amount of carbon in their soils, a joint statement from the ministers for climate change and agriculture announced on Friday.

Change in stance puts spotlight on US and China, which have both objected to fund

• Cop27 live – latest news updates

A breakthrough looked possible in the deadlocked global climate talks on Friday as the European Union made a dramatic intervention to agree to key developing world demands on financial help for poor countries.

In the early hours of Friday at the Cop27 UN climate summit in Egypt, the European Commission vice-president, Frans Timmermans, launched a proposal on behalf of the EU that would see it agree to establishing a loss and damage fund.

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The best of this week’s wildlife pictures, including migrating crabs, a rescued leopard and a monkey carrying a puppy

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Ammonia offers key decarbonising opportunities for sectors such as power generation and shipping in the longer term, but low carbon ammonia may remain an untapped market without strong policy support that focuses on lowering the emissions footprint of its current industrial uses, a report has found.

Young girls illegally work the mines in north-east India, risking disease and death, while trying to better their lives at school

• Words by Elle Kurancid, photography by Walaa Alshaer

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A Japanese steel firm has just received its first blue carbon credits from a project using iron and steel slag to help grow a kelp seaweed bed and now aims to replicate the procedure throughout the country.

Scientists say capturing footage of the black-naped pheasant-pigeon was like "finding a unicorn".

Focusing on activists detracts from what we should be angry about – failure to tackle the most urgent problems of our age

Disruptive political activism, from strikes to boycotts to road occupations, always makes enemies. That’s part of the point: confrontations and controversies mean publicity. More ambitiously, stunts and provocations by activists are also meant to remind the public that the status quo itself is built on disruptions. Even supposedly cautious governments are constantly altering the distribution of power and wealth, and the environment itself.

Four years since the founding of Extinction Rebellion, known by its highly committed members as XR, climate activists in Britain and many other countries are still launching waves of protests: blocking roads, throwing food over famous artworks, gluing themselves to surfaces in public places and spray-painting banks that invest in fossil fuels. New groups have appeared with XR-style tactics and goals: Just Stop Oil, Insulate Britain, Animal Rebellion, Youth Climate Swarm. A steady stream of activists from teenagers to pensioners are prepared to face arrest and imprisonment in order to press governments, businesses and voters to change their behaviour.

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About a third of Victoria’s land-based plants, animals and ecological communities face extinction. We look at what the political parties have promised ahead of the state election. Sarah Bekessy, Professor in Sustainability and Urban Planning, Leader, Interdisciplinary Conservation Science Research Group (ICON Science), RMIT University Brendan Wintle, Professor in Conservation Science, School of Ecosystem and Forest Science, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Why Australia might still be facing a carbon border tax in EU. Matthias Buck from Agora Energiewende explains.

The post Energy Insiders Podcast: “Fit for 55″: EU climate package could tax Australia appeared first on RenewEconomy.

Two Korea power plant operators sign MoUs to develop several large green hydrogen and green ammonia projects in Australia.

The post Korea power companies sign MoUs for huge green ammonia projects in Australia appeared first on RenewEconomy.