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California Low Carbon Fuel Standard (LCFS) credit values exacerbated their most recent weeks-long slide on Wednesday as traders wondered what influence worsening renewable diesel (RD) production margins might have on the programme.

Virginia Governor Glenn Youngkin (R) on Tuesday released the draft of an emergency regulation that would rescind the state’s RGGI-linked cap-and-trade programme, a move he said was necessary because the power sector scheme is deleteriously impacting ratepayers.

But the government says particle standards will come in as quickly as is realistically possible.

Pro-leave MP is due to speak at event to launch Farage’s campaign for a referendum on net zero

A Labour MP is to appear on stage with Nigel Farage at the launch of an anti-net zero campaign for a referendum on policies to tackle climate change, amid anger from party colleagues.

Graham Stringer, a prominent Brexiter who has previously appeared with Farage at pro-leave events and on his GB News show, was billed as appearing alongside the former Brexit party leader as well as Reform UK leader Richard Tice and the broadcaster Julia Hartley-Brewer.

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The European Commission on Wednesday approved plans by Spain and Czechia to compensate their ETS-covered industries for indirect costs caused by power producers passing on the cost of paying for their carbon allowances.

This score is a massive four points higher than the year prior. But as La Niña subsides, we’ll quickly feel the long-term warming trend again, with bushfires picking back up next season. Albert Van Dijk, Professor, Water and Landscape Dynamics, Fenner School of Environment & Society, Australian National University Shoshana Rapley, Research assistant, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The best way to experience a rainforest canopy is by crane - and researchers have made full use of Australia’s first canopy crane. Nigel Stork, Emeritus Professor in the Centre for Planetary Health and Food Security, Griffith University Claire Gely, Postdoctoral research fellow, James Cook University Susan Laurance, Professor, James Cook University Licensed as Creative Commons – attribution, no derivatives.

Austria’s OMV has unveiled a net zero strategy across all emissions scopes that will see it cease oil and gas production by 2050, prioritising carbon capture and storage (CCS) and other tech-based portfolio changes to meet the goal, the company said on Wednesday.

*PREMIUM LISTING - As part of the Carbon Offset & Green Energy Services (COGES) team, you will be responsible for screening, planning, developing and managing GHG emission reductions projects. You will have a strong background and focus on nature-based solutions, carbon capture, utilisation and storage (CCUS) projects and community-based projects and methodologies.

*PREMIUM LISTING - As part of the Carbon Offset & Green Energy Services (COGES) team, you will be responsible for screening, planning, developing and managing GHG emission reductions projects. You will have a strong background and focus on nature-based solutions, carbon capture, utilisation and storage (CCUS) projects and community-based projects and methodologies.

Levelling up secretary calls for more onshore wind as ministers explore case for reversing fracking ban

Michael Gove has said he is “not convinced” by the case for more fracking in the UK, opening up a cabinet split after Boris Johnson ordered a rethink and Jacob Rees-Mogg backed reversing the moratorium.

Gove, the levelling up secretary, made the comments at an environment reception, where he also spoke of the need for more onshore wind power.

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Cookstove project developer C-Quest Capital has secured funding from two Singapore-based organisations to enable a large-scale expansion of its offset project portfolio across four Southeast Asian nations.

Better waste management needed to protect Arctic ecosystem, say scientists

Microplastics from European rivers are finding their way to Arctic seas, research suggests.

These tiny plastic particles, which come from clothing fibres, car tyres, cosmetics and many more sources, have been found across the entire planet, from the summit of Mount Everest to the deepest oceans.

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Farmers in Ukraine describe depleting potato stocks, slaughtering their own pigs, and Russian troops appearing at the gate

The Russian invasion of Ukraine has upended the farming industry, raising fears of disruption to domestic and international food supplies. The Guardian has spoken to three farmers about what life is like on the ground, with the Russian army hiding tanks in barns and stocks of potatoes expected to deplete within weeks.

Andrii Pastushenko, 39, is a dairy farmer who lives 12 miles from Kherson in the south of Ukraine, a city that has been under control of the Russian military.

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The UK could reduce its projected gas burn by 25 TWh this year and slash its Russian gas imports by 80% if it swiftly rolled out nine energy efficiency measures, a climate think-tank proposed on Wednesday, moves that would also significantly cut UK carbon allowance (UKA) demand.

Measures to reduce PM2.5 ‘fall a long way short’, say campaigners, as government publishes new targets under Environment Act

The government has proposed to set air quality limits that would allow twice as much small-particle pollution in England as the World Health Organisation (WHO) recommends as an upper limit, and that would not be met for almost 20 years.

The new target is to reduce levels of fine particulate matter, known as PM2.5, to 10 micrograms per cubic metre by 2040, in contrast to WHO guidelines, updated last September, that say concentrations of PM2.5 should not exceed 5 micrograms per cubic metre on average over a year.

Reduce nutrient pollution in water in England, with phosphorus in treated sewage to be cut by 80% by 2037, and nitrogen, phosphorus and sediment from agriculture to be reduced by 40% by 2037.

Halt the decline in species by 2030 and increase species abundance by 10% by 2042, creating or restoring more than 500,000 hectares of wildlife-rich habitat outside protected sites by 2042.

Halve residual waste produced by 2042, from 560kg per person in 2019;

Improve the marine environment by ensuring 70% of “designated features” in marine-protected areas are in favourable condition by 2042.

Increase tree canopy and woodland cover from 14% of England to 17.5% by 2050.

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EUAs tracked the energy complex lower in relatively thin trade on Wednesday morning, as markets relaxed on reports that ceasefire talks with Russia and Ukraine may be edging towards a compromise settlement.

Unions and shipping bodies urge safe passage from Black Sea and Sea of Azov after missile strikes and at least one death reported

• Russia-Ukraine war – latest updates

Hundreds of seafarers on more than 100 foreign-flagged cargo vessels are stranded in Ukrainian waters in the Black Sea and Sea of Azov “in the middle of the line of fire”.

The International Chamber of Shipping and unions are calling for the immediate creation of safe “blue corridors” to enable the ships and their crews to leave without risk of missile or mine strikes. The UN’s International Maritime Organization, which held an emergency meeting last week to address the situation, estimates that up to 2,000 men could be affected, although some may have been repatriated, it said.

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The private-sector-led Integrity Council for the Voluntary Carbon Market (IC-VCM) firmed up its timelines on Wednesday for the long-awaited release of its new standards that it hopes will set a benchmark for carbon offset quality.

Singapore-based Climate Impact X (CIX) has launched a digital platform for businesses and carbon project suppliers to list, discover, compare, buy, and retire quality carbon credits, the exchange announced on Wednesday.