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California Carbon Allowances (CCAs) experienced significant volatility on Tuesday, as bearish influences from the global macro picture, EUAs, and a Golden State clean electricity bill gave way to renewed bidding on two separate occasions.

The Oregon Clean Fuels Program (OCFP) notched a credit shortfall during the January-March period, as deficit generation from petroleum-based fuels outpaced stronger renewable diesel volumes, according to state data published Monday.

The tiny golden-tipped bat roosts in the nests of rainforest birds. But high intensity extreme fires can increasingly reach into their unburnt sanctuaries. Christopher Turbill, Senior Lecturer in Animal Ecology, Western Sydney University Licensed as Creative Commons – attribution, no derivatives.

Standardised nature-based offsets rallied over the past week last week to extend a recent trend and catch up with over-the-counter trades, but there was little uplift in renewable or technology credit prices.

The Garma festival returns, pet therapy and politics, Guardian Australia takes a look at the month in pictures

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Environmentalists say replacing natural forests with wood plantations to realise shift in construction practices is ‘bonkers’

Building new urban homes from wood instead of concrete and steel could save about 10% of the carbon budget needed to limit global heating to 2C this century, according to a new study.

The overhaul of construction practices needed for such a shift would require up to 149m hectares of new timber plantations – and an increase in harvests from unprotected natural forests – but it need not encroach on farmland, according to the paper by the Potsdam Institute for Climate Impact Research (PIK).

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A major global bank has inked a multi-year agreement with direct air capture firm Climeworks that marks the latest in a string of similar purchases for removals credits from the firms growing portfolio.

A major Canadian bank on Tuesday announced a new exchange-traded fund (ETF) with international exposure to carbon allowance markets, having an initial focus on the EU ETS.

Reporting to the Head of Sales and Marketing, this is an excellent opportunity for a business development professional to join a growing firm active in the intersection of technology, finance, and sustainability. The successful candidate will join a growing team in executing a sales strategy for an agile firm determined to disrupt the carbon market. 

California lawmakers on Monday evening advanced to the Senate floor a bill to strengthen the state’s 2030 GHG reduction target, while the Assembly turned down legislation that would have required regulator ARB to review the WCI-linked cap-and-trade programme.

AEMO puts out call for urgent efforts to ramp up construction of wind, solar, storage and new transmission lines to ensure capacity in place before coal exodus.

The post Crunch time for grid: More wind, solar, storage and links urgently needed before coal exodus appeared first on RenewEconomy.

Snowy Hydro's owner and its contractor have both said Snowy 2.0 is delayed, but the market operator has not been told. Turns out it won't make much of a difference.

The post Market operator not told of Snowy 2.0 delays, but it won’t be missed much appeared first on RenewEconomy.

CEC, engineers and unions says urgent action needed to solve jobs shortages that threaten to throttle Australia's green energy transition.

The post CEC warns labour shortages could harm Australia’s green energy transition appeared first on RenewEconomy.

Australia can improve the quality of its domestic market and lead the way internationally by setting up a marketplace for tokenised carbon credits, according to the chairman of one of the country’s “big four” banks.

A Berlin-based startup has secured fresh pre-seed funding to build a nature-based carbon credits and impact claims marketplace secured on the blockchain, it announced Tuesday.

The Nigerian government has announced it has started discussions towards the establishment of an emissions trading scheme (ETS) under which carbon output will be capped across certain sectors of Africa's biggest economy.

Aloha Petroleum’s case against AIG could set precedent as to whether firms are protected against climate damage claims

A fossil fuel firm is suing its insurer for refusing to cover a climate lawsuit in a case that could affect the wider industry’s ability to defend itself from litigation.

Aloha Petroleum, a subsidiary of the US-based Sunoco, filed a claim against AIG’s National Union Fire Insurance Company of Pittsburgh earlier this month, arguing it had failed to protect Aloha from the mounting costs of defending climate-related claims by local governments in Hawaii.

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EUAs tumbled early on Tuesday as the imminent resumption of full auction volumes led to the fewest number of bidders in the daily auction for nearly six years, while energy prices fell as the market awaited details of a Brussels plan to uncouple gas and electricity prices.

Announcement means 11 of agency’s 14 areas in England now in drought status after record dry spell

All of south-west England is in drought after some of the driest conditions in nearly 90 years, the Environment Agency has said.

The Wessex area – which includes Bristol, Somerset, Dorset, south Gloucestershire and parts of Wiltshire – has been declared in drought status.

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Solar and wind projects to expand in size and provide bulk of total American electricity supply by decade’s end, study shows

Renewable energy is set for an unprecedented boom in the US in the wake of its first ever climate bill, with the capacity of solar and wind projects expected to double by the end of the decade and providing the bulk of total American electricity supply, new analysis has shown.

The passage of the legislation, known as the Inflation Reduction Act (IRA), will help propel the US towards the forefront of the clean energy economy, experts predict, helping it compete with China on the manufacturing and installation of solar panels, wind turbines, batteries and emerging zero carbon technology.

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