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RGGI allowance (RGA) prices plummeted 12.4% Monday upon the release of a long-awaited programme review update from market administrator RGGI Inc., which provided modelling of an additional regional cap trajectory scenario and detailed potential expanding of the Cost Containment Reserve (CCR).

In an effort to bolster scale beyond pilot projects, US and Singaporean architects of transition crediting mechanisms vouched for the nascent market’s ability to meet eventual compliance demand during Climate Week NYC on Monday.

Latin American and Caribbean governments differed on UN climate conference flashpoints on Sunday in New York, less than two months from COP29 in Baku this November.

A global tech giant has bought 15,000 CO2 removal credits (CDR) in a second purchase agreement from a London-headquartered enhanced rock weathering (ERW) firm, per an announcement on Tuesday.

Institutional investors are wary of financing “science projects” and losing their shirts in a nascent voluntary carbon market (VCM) that has already undergone several transformations, and where the make-or-break risks are still high, experts said during Climate Week New York City on Monday.

A new consortium of US green banks seeking to appropriate funds earmarked in the Inflation Reduction Act (IRA) launched Monday with $27 billion in investments in line with Climate Week New York, according to a press release.

A US-based CO2 utilisation firm has raised $645 million to finance the development of its sustainable aviation fuel (SAF) plants.

RGGI states issued a notice on Monday with potential plans to almost double Cost Containment Reserve (CCR) permits with a second CCR tier in a new cap trajectory scenario, requesting public feedback to inform final decisions of its Third Program Review.

A group of global legislators has urged the US government to immediately halt the export of liquefied natural gas (LNG), in a letter released during the first day of the Climate Week NYC.

Flooding in central and southern England caused widespread travel disruptions and closed schools after some areas experienced a month's worth of rainfall in 24 hours. In parts of Bedfordshire, roads turned into rivers, with cars making their way through submerged streets. The London fire brigade said it received hundreds of calls about flooding-related incidents, including people needing to be rescued from cars and homes

• Flooding causes chaos after month’s rain falls in a day in parts of England

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Remarkable diversity in heat tolerance can help coral reefs under climate change. Melissa Naugle, PhD Candidate in Coral Ecology, Southern Cross University Emily Howells, Senior Research Fellow in Marine Biology, Southern Cross University Line K Bay, Research Program Director, Australian Institute of Marine Science Licensed as Creative Commons – attribution, no derivatives.

Not even a PM as pugilistic as Tony Abbott could dispense with a legislated Clean Energy Finance Corporation. The newly established NZEA will have the same protection and show investors the country is serious.

The post Net Zero Economy Authority will protect transition and workers from Australia’s carbon wars appeared first on RenewEconomy.

Graphite boosted EV batteries and perovskite solar that can work indoors receive funding in the latest Advance Queensland funding round.

The post Australian “indoor PV” and graphite-boosted EV battery technologies win research grants appeared first on RenewEconomy.

The US government does not advise its investment partners to finance sustainable development projects abroad whose lifeline is carbon finance, especially if they are small in scale, according to a senior official speaking at Climate Week NYC.

While enhanced rock weathering (ERW) may be a promising tool in the fight against climate change, careful management is essential to avoid unintended consequences for ecosystems and human health.

Almost 40 US banks, which collectively facilitated over $10 billion in new clean energy investments last year, on Monday announced the formation of the US Green Bank 50 partnership (GB 50) on Monday, aiming to enhance collaboration and share resources amongst them.

Ocean acidification close to critical threshold, say scientists, posing threat to marine ecosystems and global liveability

Industrial civilisation is close to breaching a seventh planetary boundary, and may already have crossed it, according to scientists who have compiled the latest report on the state of the world’s life-support systems.

“Ocean acidification is approaching a critical threshold”, particularly in higher-latitude regions, says the latest report on planetary boundaries. “The growing acidification poses an increasing threat to marine ecosystems.”

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Turkiye's energy exchange EPIAS has teamed up with an international carbon standard to enable the first exchange-based trading of certified credits on its platform, they announced after signing an agreement in New York on Monday.

Verra is digitalising its most used methodologies from a largely paper-based system, in an effort to speed up the certification process for project developers while strengthening integrity, the voluntary carbon standard's chief technology officer said at Climate Week NYC on Monday.

Drone footage shows flooded streets in the village of Érsekcsanád in southern Hungary after heavy rainfall caused the Danube River to overflow. Parts of the region have experienced five times the average rainfall for the month of September, leaving large swathes of land submerged in floodwater. Central Europe was recently hit by extensive flooding, which left several people dead and caused billions of euros in damage.

• Floods in Poland and wildfires in Portugal show reality of climate breakdown, says EU

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