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Korean CO2 allowance prices might move slightly up from current levels of 22,500 won ($19.70) during the 2020 compliance cycle, but will get nowhere near the highs seen in the first few months of this year amid sizeable over-supply, analysts said Wednesday.

After a three year wait, the US becomes the first nation to leave the Paris climate pact.

Food with heavy environmental impact should be taxed by 2025 unless food industry acts voluntarily, says alliance

A powerful coalition of the UK’s health professions has called for a climate tax to be imposed on food with a heavy environmental impact by 2025, unless the industry takes voluntary action on the impact of their products.

The group says the climate crisis cannot be solved without action to cut the consumption of food that causes high emissions, such as red meat and dairy products. But it says that more sustainable diets are also healthier and would reduce illness.

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To let others decide how our money will be used is an abrogation of responsibility. Peter Mares, Lead Moderator, Cranlana Centre for Ethical Leadership, Monash University Licensed as Creative Commons – attribution, no derivatives.

Equinor has set a target of becoming a net-zero energy company by 2050, a target specifically directed to demonstrate the company’s commitment to the Paris Climate Agreement.

The post Norwegian oil giant Equinor announces 2050 net-zero target appeared first on RenewEconomy.

US election results remained too close on Tuesday evening to decipher whether President Donald Trump or Democratic nominee Joe Biden would be elected, with the fate of the US Senate also hanging in the balance.

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

Arizona Corporate Commission has voted to approve a plan requiring 100% reduction in carbon emissions from regulated utilities by 2050.

The post Arizona takes important step towards 100 per cent clean power appeared first on RenewEconomy.

GE will replace one wind turbine and 50 "generators" at a further 50 turbines after faults discovered during inspection of the country's biggest wind farm.

The post Australia’s biggest wind farm at Coopers Gap to undergo major repairs appeared first on RenewEconomy.

If the world's biggest iceberg grounds at South Georgia island, it could devastate local wildlife.

Somali environmentalist Ahmed Ibrahim Awale hopes it will inspire African researchers.

Tesla, Volkswagen and Renault lead landmark moment in Europe auto industry in September which saw more electrified vehicles sold than diesel-fuelled.

The post Tesla Model 3 leads Europe EV sales as electric and hybrid cars overtake diesel appeared first on RenewEconomy.

Some surprises, and some solar industry originals, feature among the best performing solar farms in Australia in October.

The post Graph of the Day: Australia’s best performing solar farms in October appeared first on RenewEconomy.

Traders took a more bullish view of the RGGI market on Tuesday ahead of the presidential election, as California Carbon Allowance (CCA) prices remained more muted on the secondary market.

This year marks a decade since the Millennium Drought ended. The Murray-Darling Basin has endured a lot since, but two species are making an impressive comeback. Brenton Zampatti, Principal Research Scientist, CSIRO Chris Bice, Research scientist at SARDI, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.

The huge response to a campaign to put forgotten public footpaths back on the map shows how much we value access to the natural environment

If Britain decided to choose a patron saint of rambling, Thomas Traherne would be a leading candidate. Few have captured the joy of fresh air, field and wood as beautifully, or with such spiritual intensity, as the 17th-century English writer and clergyman. In the verses of Walking, he offers a poetic celebration of the human capacity to bear witness to “the glory that is by … in the bright and glorious day”.

Traherne’s heart would have been lifted by the happy news that an army of “citizen geographers” has identified an astonishing 49,000 miles’ worth of lost and forgotten paths, criss-crossing the countryside of England and Wales. Using an online mapping tool provided by the Ramblers charity, members of the public have traced myriad former rights of way that had literally fallen off the map.

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ICE Futures Europe, Europe’s main emissions trading exchange, on Tuesday announced measures to prepare for transactions involving carbon allowances from Phase 4 of the EU ETS (2021-30).

Tender opens for Darwin big battery that will support more solar and displace gas generation and slash operating costs.

The post Tender opens for Darwin big battery to displace gas generation appeared first on RenewEconomy.

The EU’s Balkan and Eastern European neighbours will need to establish their own carbon markets with a view to fully participating in the bloc’s ETS in the future and integrating their power and gas markets to effectively cut emissions, a preliminary study said.

Germany's energy-related CO2 emissions are set to notch a large annual drop for the third straight year, according to researchers, as the coronavirus pandemic slashes the sector’s emissions by more than 10% compared to 2019.