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Gas grids in Europe should be progressively shut down to avoid costs for consumers spiralling out of control, according to a study published on Monday.

New policy drivers are needed if the world is to develop the required carbon removal (CDR) capacity to abate residual emissions by mid-century, especially the integration of credits within compliance carbon markets and leakage mechanisms, according to a new report.

The opposition claims Australia is an outlier in the developed world in not having nuclear, yet Germany and Italy have closed their plants

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So much has been said by the Coalition about what nuclear energy could do for Australia, with so little evidence to back it up, that it can be hard to keep up with the claims.

The key assertion by Peter Dutton and Ted O’Brien is that nuclear would lead to a “cheaper, cleaner and consistent” electricity supply. None of this has been supported.

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The European Commission has disbursed €2.967 billion from emissions trading revenues to support 39 clean energy projects in less-developed EU member states, in what is the largest disbursement of this kind to date, the EU executive announced on Monday.

Reef escapes being classed ‘in danger’ for now but the government must submit a progress report to World Heritage committee by February 2025

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Unesco has urged Australia to set more ambitious climate targets for the Great Barrier Reef in a list of recommendations to preserve its status as a world heritage site.

The report, published in Paris late on Monday, did not recommend the reef be placed on a list of sites “in danger” – a threat that has hung over the reef for years – when the 21-country world heritage committee meets next month.

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An international sustainability standard-setter has unveiled a new two-year plan to help bring together the various corporate climate disclosure requirements, also formalising several partnerships with other organisations in the field.

The World Bank and the International Monetary Fund (IMF) have launched the 'Enhanced Cooperation Framework for Climate Action' with Madagascar as the first beneficiary.

The EU should press ahead with plans to extend its ETS to the incineration of municipal waste, while ensuring that rubbish isn't diverted to landfills to avoid the carbon price, an NGO recommended on Monday based on new analysis.

The next UK government could protect thousands of jobs at the Port Talbot steelworks and expand British steelmaking by investing in low-carbon technology over the next five years, according to a climate think-tank.

The EU’s anti-deforestation regulation is a “bureaucratic monster” that must be revised, alongside the 2035 ban on new petrol and diesel cars, says Peter Liese, a German lawmaker who is environment spokesperson for the centre-right European People’s Party (EPP) that won the EU elections this month.

European carbon prices fell to their lowest in more than seven weeks on Monday morning as natural gas prices declined for a third day and the outlook for demand worsened amid rising temperatures in northern Europe and a persistently negative clean dark spread.

The European Bank for Reconstruction and Development (EBRD) should improve its biodiversity standard, as recent changes to its environmental policy are not sufficient to ensure the bank does not finance nature-damaging projects, a campaign group has said.

A global coalition consisting of some of the world’s biggest corporations, cities, and regions was launched Monday to push governments worldwide align their national climate goals with the Paris Agreement.

China's steel industry should explore more financing options for its decarbonisation plans, especially potential ones linked with emerging power and carbon markets in the country, a report has said. 

A Swedish startup has raised $5.5 million to help verify nature-based carbon removal credits, it announced Monday, using the funding to launch tokens based on blockchain technology.

France-headquartered climate risk manager AXA Climate and an Irish forestry management software company have teamed up to launch insurance for forestry fires and storms.

A major consultancy firm in Japan has teamed up with a blockchain solution provider to support the creation of offsets from domestic forestry projects by promoting the tokenisation of carbon credits. 

A large software company increased the volume of voluntary carbon credits it bought in the last fiscal year by 33%, it said in an annual impact report, as it continues its transition towards buying only removal units at the end of the decade.

EU member states could include the private sector in their plans to achieve national targets under the Nature Restoration Law (NRL) as public funding will likely prove insufficient, and the newly approved legislation is likely to contribute to scaling the biodiversity credit market, according to experts.

South Korea's trade ministry will this week sign Article 6 partnership with Cambodia and Bangladesh during discussions with representatives from seven countries for further cooperation in establishing international emissions reduction projects aligned with the Paris Agreement.