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EUAs slipped below €50 on Friday as the previous session's technical breakout continued to encourage selling, though much of the market remains bullish, with many eyeing a rapid recovery.

Fishing communities fear for future as oil, plastic and toxic chemicals devastate ecosystem

Until last week Lucien Justin, the chair of the Jude Watta fisheries committee in Wattala, near Sri Lanka’s capital, Colombo, lived a simple life. He and his wife ate two meals a day, and their small community of 90 fishers regularly supported each other with food and money. “If we fish, money comes. If not, we are left hungry,” he said.

After the worst maritime disaster in Sri Lanka’s history poisoned the waters near where he fishes, however, he fears even that simple life is now in dire danger. “People are scared. Even if we caught fish, they wouldn’t eat it because they think it’s poisonous,” he said.

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Organization: European Climate Foundation (ECF) Position: Deputy Director, Thematic Strategy Duty Station: anywhere with a reliable internet connection and in which you have the right to work Deadline for Application: until suitable applicant is found

Organization: Climate Alliance Position: Policy Coordinator Duty Station: Brussels, Belgium Deadline for Application: 18 June 2021

The Foundation for European Progressive Studies is currently looking for a Policy Analyst in the field of climate and environment.

Soils provide 95% of all food but are damaged by industrial, farming, mining and urban pollution

The world’s soils, which provide 95% of humanity’s food, are “under great pressure”, according to a UN report on soil pollution.

Soils are also the largest active store of carbon, after the oceans, and therefore crucial in fighting the climate crisis. But the report said industrial pollution, mining, farming and poor waste management are poisoning soils, with the “polluter pays” principle absent in many countries.

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Moscow Exchange and Russia’s second-largest bank VTB signed an agreement to develop a carbon marketplace, the two companies announced on Thursday.

While the private sector wants to keep control of the green transition, what’s needed is massive public investment

The pandemic, we often hear, is forcing a rethink in economics. We are leaving behind one model: the austerity-obsessed small state that outsources the job of macroeconomic stability to unelected central banks. Central banks, in turn, worked to target inflation under a regime of benign neglect for unemployment; it was assumed, meanwhile, that the bond market should and would discipline governments into fiscal rectitude.

Now, the Biden administration’s “once in a generation” spending plans suggest a paradigm shift is under way. It puts governments, through fiscal policy (taxing and spending), back in the driving seat. In this sense, macroeconomics has the potential to become more democratic. But are we celebrating too soon? The big test of the paradigm shift, possibly the fundamental test, is how we go about decarbonising our economies.

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New Zealand allowances on Friday closed above NZ$38 ($27.18) for the first time since before the March auction, rising after ETS participants earlier this week finalised 2020 compliance and the NZ$35 fixed price option became a thing of the past.

Conservationists lobby World Heritage Committee to demand Australia reduce emissions or risk reef being placed on ‘in danger’ list

Members of the United Nations World Heritage Committee are being lobbied to pressure Australia to commit to more ambitious climate action as part of its plan to slow the decline of the Great Barrier Reef ahead of a key July meeting.

Conservationists have lobbied representatives of 13 of the 21 countries that make up the committee, saying the threat of placing the reef on an “in danger” list should be used to lever more domestic action on greenhouse gas emissions.

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Ampol shareholders likely to get big payments following Morrison government's massive fossil fuel subsidy for oil refiners.

The post Morrison’s Ampol refinery bail-out could go straight to shareholders appeared first on RenewEconomy.

Environment and research groups says emissions from Australian coal sold to Japan almost equals Australia's entire domestic emissions.

The post Australia-Japan coal trade in spotlight, as groups call for it to end by 2030 appeared first on RenewEconomy.

Renewable energy supplied just over half of Spain’s electricity demand over the month of May, boosted by second-biggest wind market.

The post Wind power drives new renewables record for Spain: 50.7 pct in May appeared first on RenewEconomy.

Latest data from SunWiz shows Australia's rooftop solar market is back on track in May, with the exception of some "worrying" figures coming out of NSW.

The post Rooftop solar resumes upward march, but what’s going on with NSW? appeared first on RenewEconomy.

Officials did not tell Keith Pitt the Kaban Energy Hub included a battery, before he vetoed a $280m loan on the basis the project wasn't dispatchable.

The post Pitt was not told that Kaban project he vetoed would include big battery appeared first on RenewEconomy.

World's biggest oil and gas company makes strategic investment in Swiss based energy storage innovator Energy Vault.

The post Saudi Aramco invests in Swiss energy storage company Energy Vault appeared first on RenewEconomy.

Are emissions-free supersonic jets really around the corner? Almost certainly not - and they may significantly worsen emissions, too.

The post Boom! Why supersonic planes are a climate nightmare appeared first on RenewEconomy.

Supermarket giant Woolworths signs its first renewable energy PPA, buying power from the Bango Wind Farm being built near Yass.

The post Woolworths signs first wind farm supply deal in first step towards 100pct renewables appeared first on RenewEconomy.

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

The Virginia State Corporation Commission (SCC) should accept Dominion Energy’s nearly $168 million rate request to cover RGGI compliance costs, but the state agency may want to consider requiring further analysis on the utility’s long-term CO2 trends, according to a document filed this week.