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California Carbon Allowance (CCA) prices continued their months-long bullish trend on the secondary market amid further financial inflows, as RGGI Allowance (RGA) values also rose throughout the week after the Q2 auction settled close to the $8.00 mark.

Bitcoin mining has formally entered its greenwashing phase. Things are getting messy, and they're going to get even messier - and we pay the price.

The post Elon Musk and Jack Dorsey are dead wrong: Bitcoin does not incentivise clean energy appeared first on RenewEconomy.

The reservoir will be at its lowest since the 1930s when the Hoover dam was built, and officials expect levels to get worse

Levels in Lake Mead – the largest US reservoir by volume – fell to historic lows on Thursday, as the region continues to face the effects of a devastating prolonged drought.

Stationed on the main stem of the Colorado River in the Mojave along the Arizona-Nevada border, Lake Mead was formed with the construction of the Hoover dam, which generates electricity for areas in Arizona, California and Nevada. It provides water for urban, rural and tribal lands across the south-west.

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The four Transportation and Climate Initiative Programme (TCI-P) jurisdictions released a final Model Rule on Thursday for implementing the proposed regional US fuel sector cap-and-trade programme, making several changes to the scheme but keeping the overall regulatory structure largely intact from a previous draft.

Renewables form an ever-greater share of the electricity mix. But elsewhere in the energy sector – in transport, industry and buildings – emissions reduction is very slow. Hugh Saddler, Honorary Associate Professor, Centre for Climate Economics and Policy, Australian National University Frank Jotzo, Director, Centre for Climate and Energy Policy, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The day is arriving when developed country trading partners consider measures that will tax Australia's exports of aluminium and steel.

The post Carbon border adjustments: What are they and how will they affect Australia? appeared first on RenewEconomy.

Price reporting agency Argus Media announced Thursday it will hold its Biofuels and LCFS Markets Summit in California this autumn, marking the in-person environmental markets conference in the US since the COVID-19 crisis began last year.

The UN’s International Maritime Organisation’s (IMO) will in the coming days attempt to advance negotiations around an industry-led proposal for a tiny fuel levy to finance shipping R&D, with observers expecting this effort to eclipse discussions on global carbon pricing measures.

EUAs failed to hold their recent intraday highs near €54 for a second day on Thursday, as this week’s rally in European carbon risked petering out amid a less supportive energy complex and ahead of an upcoming supply influx.

Some early risers in the northern hemisphere may have spotted the eclipse in the sky on Thursday morning.

The UK government has published the latest trigger price for the Cost Containment Mechanism (CCM) in its new emissions trading system, as the market is still on track to elicit supply-side intervention possibly as soon as August.

'Climate fails' include misguided tree planting and large-scale bioenergy crops, say scientists.

Just 10 plastic products make up 75% of all items and scientists say the pollution must be stopped at source

Plastic items from takeaway food and drink dominate the litter in the world’s oceans, according to the most comprehensive study to date.

Single-use bags, plastic bottles, food containers and food wrappers are the four most widespread items polluting the seas, making up almost half of the human-made waste, the researchers found. Just 10 plastic products, also including plastic lids and fishing gear, accounted for three-quarters of the litter, due to their widespread use and extremely slow degradation.

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Prince says private-sector innovation and finance is vital, otherwise ‘we just don’t stand a chance’

Prince Charles has said businesses must lead the way alongside governments in tackling the climate emergency.

Before the start of the G7 summit in Cornwall on Friday, he told a gathering of political and business leaders that private-sector cash and knowhow was essential, and businesses needed strong policy signals from government.

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The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury - Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.

Organization says the Southern Ocean consists of the waters surrounding Antarctica, out to 60-degrees south latitude

Anyone who thought the world had four oceans will now have to think again, after the National Geographic Society announced it would recognize a new Southern Ocean in Antarctica, bringing the global total to five.

The National Geographic, a non-profit scientific and educational organization whose mapping standards are referenced by many atlases and cartographers, said the Southern Ocean consists of the waters surrounding Antarctica, out to 60-degrees south latitude.

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Restoring nature boosts biodiversity and ecosystems that can rapidly and cheaply absorb carbon emissions

Humanity must solve the climate and nature crises together or solve neither, according to a report from 50 of the world’s leading scientists.

Global heating and the destruction of wildlife is wreaking increasing damage on the natural world, which humanity depends on for food, water and clean air. Many of the human activities causing the crises are the same and the scientists said increased use of nature as a solution was vital.

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Organization: Natural Strategies GmbH Position: Chief Investment Officer Duty Station: Remote with preference in Europe Deadline for Application: 30 June 2021

Surging US inflation has pushed California’s WCI-linked cap-and-trade floor price expectations further above $19, with the secondary market trading significantly above the estimated reserve level, according to federal data released Thursday.

Some parts of the world have seen the annular eclipse, but from the UK there has been a partial solar eclipse.