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US biofuel credit (RIN) prices hit a five-month low this week as market participants expect the federal government to release preliminary biofuel quotas under the Renewable Fuel Standard (RFS) after many months of delays.

EUAs settled below €60 on Tuesday for the first time in ten days as more traders concluded that carbon cannot continue to track natural gas prices higher, with some saying emissions demand may have peaked for the moment after utilities brought coal units back on line to leverage that fuel's better operating margins.

California Independent System Operator’s (CAISO) July emissions set a five-year high amid rising power consumption after COVID-19 restrictions were removed, while the monthly CO2 output also soared to its largest level this year.

Snakes owe their success in part to the asteroid impact that killed off the dinosaurs 66 million years ago.

Spain has followed Greece in announcing plans to direct additional revenue from its share of EU carbon permit auctions to support electricity consumers, as power prices across Europe have soared to record levels.

Despite Australia's rapid deployment of wind and solar, it still trails other major economies in the scale of emissions reductions from the grid.

The post “Unforgivable:” Australia’s emissions cuts from grid slower than other major economies appeared first on RenewEconomy.

European steelmakers must accelerate their low-carbon transition as their emissions budget to 2050 nears exhaustion, according to a report published Tuesday that found Turkish and former Soviet producers most at risk of holding stranded assets.

Mining giant BHP Billiton has begun retiring voluntary carbon credits four years ahead of schedule, a company climate announcement showed on Tuesday, though the firm did not commit to a consistent use of carbon offsets.

California’s WCI-linked cap-and-trade floor price expectations for 2022 further narrowed in August as inflation saw its smallest month-on-month gain since December.

Almost half a trillion dollars of support a year harms people’s health, the climate and drives inequality

Almost 90% of the $540bn in global subsidies given to farmers every year are “harmful”, a startling UN report has found.

This agricultural support damages people’s health, fuels the climate crisis, destroys nature and drives inequality by excluding smallholder farmers, many of whom are women, according to the UN agencies.

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China is banking on carbon sinks to to help meet its 2060 climate ambitions, but the domestic carbon forestry industry is still struggling with familiar obstacles in the Chinese emissions market: lack of regulatory certainty and lacklustre demand.

Introduction of Glanville fritillary leads to emergence of three new species on to Baltic Sea island

When caterpillars of a beautiful butterfly were introduced on to the tiny island of Sottunga in the Åland archipelago, scientists hoped to study how the emerging butterflies would disperse across the landscape.

But researchers did not realise that their introduction of the Glanville fritillary (Melitaea cinxia) led to the emergence of three other species on to the Baltic Sea island, which sprang out of the butterfly like Russian dolls.

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Because of hoarding by rich countries, those in the global south on the frontline of the crisis will be excluded from the talks

• Mohamed Adow is the director of the climate and energy thinktank Power Shift Africa

As a Kenyan from a farming community that has experienced the ravages of the climate crisis, no one is keener to see a successful climate summit held in Glasgow than me. But this year, due to restrictions placed by the pandemic on those attending from the global south, I fear Cop26 will not be a success. It is because of this that it must be postponed until next spring.

The UK government is aware of the issues facing those wishing to attend the conference in person, which is why it has offered vaccines to delegates unable to receive them in their home countries and to pay for their hotel quarantine. However, obstacles still remain. The vaccine rollout has been slow, and for those receiving the AstraZeneca jab, the deadline for receiving both doses within eight to 12 weeks of the conference starting has passed.

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Sky-high European energy prices must not get in way of the EU’s climate action but rather spur the bloc to accelerate the low-carbon transition, EU climate chief Frans Timmermans told the European Parliament on Tuesday.

Paul McCartney and Cara Delevingne also collaborate on picture stories to highlight species and ecosystem loss and fund projects

Ricky Gervais is the latest celebrity to join an ambitious year-long storytelling campaign called Rewriting Extinction with the launch of a comic called Bullfight.

Since it launched in June, more than 300 celebrities, environmental experts and storytellers have collaborated to design more than 150 comics that tackle issues such as deforestation and overconsumption. Actor and writer Gervais created Bullfight with artist Rob Steen. “A beautiful animal, literally tortured to death as entertainment. Psychotic. Fuck anyone who enjoys or defends it,” said Gervais.

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Australian oil and gas firm Santos has signed an agreement with the Timor-Leste government to progress with a carbon capture and storage (CCS) project at the offshore Bayu-Undan gas field, the company announced on Tuesday.

Campaigners say draft regulation contains many loopholes, including exclusion of Cerrado and Pantanal

The fragile Cerrado grasslands and the Pantanal wetlands, both under threat from soy and beef exploitation, have been excluded from a European Union draft anti-deforestation law, campaigners have said, and there are many other concerning loopholes.

The European Commission has pledged to introduce a law aimed at preventing beef, palm oil and other products linked to deforestation from being sold in the EU single market of 450 million consumers. But campaigners said a leaked impact assessment reveals “significant omissions” in the plans, including the exclusion of endangered grasslands and wetlands, as well as products that raise environmental concerns, such as rubber and maize.

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BHP board backs shareholder push to review membership of industry groups opposed to climate action - but will it change anything?

The post BHP board backs shareholder call to review membership of pro-coal industry groups appeared first on RenewEconomy.

An “overheating incident” at California's Moss Landing Battery Energy Storage facility has taken the 300MW/1200MWh first phase of the project out of service.

The post World’s biggest battery sidelined after “overheating incident” in California appeared first on RenewEconomy.

Over half of respondents in a survey believe humanity is doomed and governments are failing to act.