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California Carbon Allowance (CCA) price action calmed in recent days after bearish macroeconomic developments led prices to a four-month low, while RGGI Allowance (RGA) values also stabilised after back-and-forth legal developments in Pennsylvania’s court battles concerning its programme membership.

The pictures from 2000, 2021 and 2022 offer a new view into its dramatically low water levels, now at just 27% capacity

Stark images of the “bathtub ring” around Lake Mead have come to symbolize the devastating effects of drought at America’s largest reservoir. Now, newly released satellite pictures from Nasa offer a new view of how dramatically water levels have declined over the past 22 years.

The images, which cover the years 2000, 2021 and 2022, show once-full tributaries transformed into dry crevasses. The lake, which supplies water to roughly 25 million people across the American west, is currently at its lowest levels since it was filled in 1937. As of July 18, it stands at just 27% of its capacity.

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Electric vehicles are expected to reshape consumer energy needs and practices and have a transformative impact on the electricity grid,”

The post Energy regulators prepare for EV smart charging, as cars become “batteries on wheels” appeared first on RenewEconomy.

Chile and New Zealand on Thursday announced they will look into a new mechanism under the Paris Agreement’s bilateral trading provision to generate emissions reductions beyond the South American country’s climate goals and generate carbon credits for the South Pacific nation.

BloombergNEF (BNEF) are seeking a talented, highly-motivated individual to analyse voluntary carbon markets and corporate sustainability commitments as part of our sustainability research team.

After years of neglect, Australia’s environmental crises can wait no longer. Here’s what our new government can do quickly to begin turning things around. James Watson, Professor, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

It’s all based on their diet and how they capture their food. But did you know some whales do have teeth? Vanessa Pirotta, Postdoctoral Researcher and Wildlife Scientist, Macquarie University Licensed as Creative Commons – attribution, no derivatives.

EU nations are split and carbon market participants anxious over potential mandated gas demand cuts proposed this week, but multiple analysts said it would take a deep recession to drag ETS-covered emissions lower than 2021 levels given the significant rise in coal burn expected this year.

Low-income neighbourhoods and communities of colour in RGGI member states are seeing fewer benefits from the power sector cap-and-trade programme than whiter, more affluent areas, according to new research published Wednesday.

Wildfires were the main driver of California tree cover loss over the past four decades, and worsening climate change may exacerbate the situation further and deplete the state’s forest offset buffer pool, according to a new study.

Electric vehicle advocates and auto industry say Australia needs nationally mandated fuel efficiency standards

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The federal government is under pressure to act to increase the uptake of electric vehicles after the Australian Capital Territory became the first state or territory to announce an end to the sale of petrol cars.

The Zero Emission Vehicle strategy was announced by the ACT chief minister, Andrew Barr, on Tuesday and commits the territory to phasing out internal combustion engines by 2035. This means no new petrol engine vehicles could be sold in the territory past that date.

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US Senator Sheldon Whitehouse (D) continues his battle for a US carbon border adjustment mechanism (CBAM), with bipartisan support for the measure very likely necessary given Congress' current failure to pass climate legislation through budget reconciliation.

100 million Americans are enduring searing temperatures as Biden declines to announce a climate emergency

The National Weather Service has warned that extreme heat will affect more than 100 million people in the US this week, with triple-digit temperatures in some states and broken temperature records in many areas across the country.

“Above-normal temperatures will continue to prevail across much of the US through the end of the week, with a significant portion of the population remaining under heat-related advisories and warnings,” the agency said.

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Nature-based voluntary carbon market prices slipped to around $8 Thursday morning UK time to compound a sharp fall Wednesday, likely triggered by a US fund selling positions, sources said.

European Commission’s Frans Timmermans says biodiversity situation is ‘really very, very scary’

The human-made crisis engulfing the natural world is “just as threatening, perhaps even more so” than the climate crisis, one of the EU’s most senior officials has warned.

Speaking to the Guardian, Frans Timmermans, the vice-president of the European Commission, said he hoped “we can heighten the sense of urgency” about the destruction of the natural environment, where the situation is “really very, very scary”.

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‘Nature’s engineers’ who create wetlands with their dams are recognised as native wildlife

Beavers are to be given legal protection in England, meaning it will be illegal to kill or harm them as they are formally recognised as native wildlife.

This is a step forward for the charismatic rodents, which were hunted to extinction in the country 400 years ago but have reappeared owing to illegal releases around the country.

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EUA prices fell for a fourth day on Thursday to test technical supports despite rallying briefly after a strong auction, while energy markets weakened as Russia's Gazprom resumed deliveries of natural gas to Europe through the Nord Stream 1 pipeline after completing a maintenance turnaround.

Scientists develop a telescope to detect violent collisions of dead suns known as neutron stars.

Japan and Singapore have both approached Papua New Guinea seeking a framework under which they would be able to buy carbon credits aligned with Article 6 under the Paris Agreement, according to the PNG Climate Change and Development Authority (CCDA).

Vast sums provide power to ‘buy every politician’ and delay action on climate crisis, says expert

The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed.

The vast total captured by petrostates and fossil fuel companies since 1970 is $52tn, providing the power to “buy every politician, every system” and delay action on the climate crisis, says Prof Aviel Verbruggen, the author of the analysis. The huge profits were inflated by cartels of countries artificially restricting supply.

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