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A public policy arm of a global think-tank has outlined recommendations for the US to achieve net zero by 2050 while ensuring reliable, affordable access to energy for economic growth.

Speculators notched their first increase to their California Carbon Allowance (CCA) net holdings since early April, while demand rose across the board for RGGI Allowances (RGA), according to weekly data from the US Commodity Futures Trading Commission (CFTC).

A November election victory for former US President Donald Trump would likely see reduced support for low-carbon energy and a rollback of methane, power plant, and transportation emissions regulations, according to a report published Thursday.

The board of directors of the Brazilian National Civil Aviation Agency (ANAC) unanimously approved Tuesday a resolution that incorporates the UN's CORSIA aviation offsetting into law.

Building nuclear reactors would cost six times more than wind and solar power firmed up with batteries, according to a report released on Saturday by the Clean Energy Council.

The post Nuclear option costs ‘six times more’ than renewables, study finds appeared first on RenewEconomy.

A group of 20 Democratic state attorneys general and others filed a motion to intervene Thursday to support the US Environmental Protection Agency (EPA) in a litany of lawsuits from challengers to power plant regulations finalised in April.

The US Government Accountability Office (GAO) has found that a carbon storage project funded by the Department of Energy (DOE) did not meet technical thresholds and is now delayed and the cost overrun, it said in a report published Thursday.

The EU has said it struggles to see "a sufficiently clear direction for further work" in a response to a call for input on Article 6.4 removals crediting guidance under the Paris Agreement, with a wide range of starkly different positions also submitted by other entities highlighting the difficulties ahead of COP29 with finding consensus on key methodological matters.

California and Quebec announced Friday a new date for the joint WCI carbon allowance auction for Q2 that was postponed earlier in the week due to technical difficulties.

Voluntary carbon standard Verra is initiating a revision of the methodology to credit improved agricultural land practices, it said Friday.

COP29 host Azerbaijan is drafting a law that will introduce a domestic carbon tax, the head of this year's UN climate conference in Baku said, as reported by the national news agency.

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The Netherlands is set to U-turn on national climate and energy policies and complicate climate discussions at EU level as a new coalition government including Geert Wilders’ far-right party prepares to take over.

Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a 'just transition', though approaches diverge significantly and finance remains a key stumbling block.

An Australian non-profit consultancy has released a set of strategies to achieving net gain in biodiversity within new solar farms, as its country plans to enhance efforts to prevent renewable plants from harming ecosystems.

A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war, research has found.

A 1C increase in global temperature leads to a 12% decline in world gross domestic product (GDP), the researchers found, a far higher estimate than that of previous analyses. The world has already warmed by more than 1C (1.8F) since pre-industrial times and many climate scientists predict a 3C (5.4F) rise will occur by the end of this century due to the ongoing burning of fossil fuels, a scenario that the new working paper, yet to be peer-reviewed, states will come with an enormous economic cost.

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A developer of carbon capture technology using a new class of material able to capture CO2 at very low concentrations aims to reach costs of below $100 per tonne in the next decade, thanks to its high energy efficiency and use of low-grade waste heat.

The International Energy Agency (IEA) has issued a cautious warning about the supply of critical raw materials needed for clean technologies, pointing to “potential strains” in supply that could slow down the green transition, but aren’t enough to derail it for now.

Only about half of carbon revenues generated globally from compliance markets is directly used for climate and nature, a new report has found.

India will seek to ensure every stakeholder will benefit before rolling out a policy to support its carbon market, a government official said this week.