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A daily summary of our news plus bite-sized updates from around the world.

Emitters favoured this year's California Carbon Allowance (CCA) vintage contract as prices stalled prior to a workshop-fuelled rally, while financial players went in the opposite direction on the V24 contract and also picked up a significant amount of RGGI Allowances (RGAs), data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

This role involves the development and management of the KliK portfolio of Article 6.2 greenhouse gas mitigation programmes globally.

The candidate will be responsible for leading the structuring of initiatives associated with climate change, advising internal stakeholders on project development, and evaluating international investment opportunities in global voluntary carbon markets. They will also be responsible for structuring and modelling international carbon offset projects, evaluating funding options, negotiating project documentation, and conducting day-to-day interactions with business units in different jurisdictions.

A meeting of G20 environment ministers ended late on Friday without agreement on major climate issues, though the politicians were keen to stress the potential of emissions trade to enhance climate action despite being divided on whether to discuss the EU’s carbon border measures.

Leading scientists and medics back London and other clean air schemes and urge politicians to keep their nerve

Leading doctors and scientists have warned politicians against watering down plans to expand city-wide schemes aimed at reducing traffic pollution levels linked to thousands of deaths each year.

They urged politicians not to lose their nerve over plans to improve poor air quality, such as the expansion of the ultra low emission zone (Ulez) in London, which they said were central to tackling “unacceptably high” levels of illness and child deaths, and called for more ambitious policies to reduce toxic air.

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London mayor to expand charging zone for drivers after high court win and rejects pressure from Labour leadership to think again

Sadiq Khan has vowed to press ahead with the expansion of London’s low emissions zone saying tackling the climate emergency and air pollution are “bigger than party politics”, despite the Labour leadership urging a rethink of the policy.

After the high court dismissed a legal challenge brought by five Conservative councils, the Labour mayor said he understood concerns of some Londoners but it was right to charge the most polluting vehicles £12.50 a day to drive in the capital’s outer boroughs from the end of August.

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Advisory firm Finance Earth is launching the first nature-based solutions blended finance fund in the UK, a venture it co-designed with investment manager Federated Hermes and with proposed seed funding from the UK's environment agency.

Arguments between and within parties have been inflamed by the apparent ‘Ulez effect’ in the Uxbridge byelection

• UK politics live – latest updates

Since the Conservatives narrowly won a shock byelection victory by campaigning against a key low-emissions zone known as Ulez in London, there have been seven days of turmoil for climate policy in the UK.

Support for a net zero UK by 2050 is expressed among all ages and types of political voter, according to the pollsters. But nevertheless, Rishi Sunak’s government scented in Uxbridge a possible “wedge” issue that could put Tories on the side of swing voters and pit them against Labour.

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Plus, my plan to live for ever by standing on one leg, and Nigel Farage lives his best life despite debanking ‘shame’

You would have thought the sight of wildfires in many parts of southern Europe would have given Rishi Sunak pause for thought. Instead it has inspired his pyromaniac tendencies. After the byelection in Uxbridge last week, which Labour lost principally because of Sadiq Khan’s ultra-low emission zone policy, Sunak has declared a binfire of the Tories’ green agenda. He had never really believed in it – despite most of the country supporting climate crisis measures – and had now declared it to be just a woke indulgence. Another arm of the culture wars.

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The European Commission published on Friday its new “closer to nature” guidelines as well as providing guidance on ecosystem payment schemes as part of its strategy for improved management of forests across the 27-nation bloc.

Is that fire?

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Courts have quashed a decision to store water in Kimbra, meaning there is still no centralised repository in the country

More than 20 tonnes of reprocessed nuclear fuel will stay at Australia’s only reactor in southern Sydney, while nuclear waste will remain scattered in “cupboards and filing cabinets” around the country, after the federal court blocked plans for a long-term storage site in outback South Australia.

The site in Kimba was selected more than 40 years after Australia started planning for a centralised repository. But this month, that decision was quashed by the courts.

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Multiple impediments that are holding back demand for credits in the voluntary carbon market (VCM) include a lack of education on the part of potential buyers, the impact of bad press, the current economic climate, and buyer reluctance to sign up to ongoing carbon credit purchases, according to the head of carbon markets at a UK-based bank.

The Uxbridge byelection victory should have bolstered the Tory campaign – instead, it’s triggered a battle over green policy

What’s the biggest mistake Keir Starmer has made this year? Given that the Labour leader enjoys a 19-point poll lead, you could argue there aren’t many to pick from. Figures on the left of the party cite policy decisions such as sticking with the two-child benefit cap. But Downing Street would point you back to four months ago and Labour’s attack ads. The springtime offensive saw Starmer fight dirty as his party accused Rishi Sunak of not believing adults convicted of sexually abusing children should go to prison.

They were designed as a stress test (with mixed results) for the shadow cabinet and parliamentary party on the need to hold a difficult line in an election campaign. But in No 10 they were seen as a green light for the Tories to go further. “His strategic mistake was to step in the gutter,” argues one senior government figure. With the polls showing little sign of improvement, No 10 is now planning to join Starmer there. The Tories are going into fight mode.

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Project in Friesland aims to draw on residual warmth from Zuidwal volcano for sustainable energy

Heat from an extinct volcano could be piped into homes under a plan in the Dutch city of Bolsward.

The Netherlands may be known for windmills but Ynze Salverda is no fan of the wind turbines proliferating across the country. He believes sustainable energy could be generated underground using residual warmth from the Zuidwal volcano deep under the Wadden Sea.

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Caribbean Development Bank head urges help for countries classed as developing but not among poorest

Middle-income developing countries hit by devastating climate disaster risk missing out on rescue funds, the head of one of the world’s development banks has warned.

Hyginus Leon, the president of the Caribbean Development Bank, told the Guardian that some developing countries with per capita incomes that would disqualify them for some forms of overseas aid could be made ineligible for climate funds.

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Fertiliser use on key crops down more than a quarter on 2010-19 average, while yields increased 2.4%

Britain’s farmers increased their yields of major crops last year despite significant reductions in fertiliser use, according to research.

Making artificial fertilisers relies on natural gas, the price of which rose sharply last year after Russia’s invasion of Ukraine. Fertiliser prices almost tripled, from £233 a tonne in 2020 to £766 a tonne in 2022, which farmers say led to a reduction in their use.

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EUAs continued their retreat from a mid-week five-week high on Friday and were on course for a 3% weekly loss by midday, even as the August halving of auction supply looms.

Liquidity improved in China’s carbon market over the past week along with an uptick in prices thanks to the contribution of three block deals, while offset developers are placing bets on forestry projects ahead of the relaunch of the national voluntary programme.