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EUAs touched €70 early on Wednesday as data showed the highest ever net short position for funds last week, but prices then eased back as the hotly-anticipated quarterly options expiry passed without fireworks.

A female Mexican gray wolf that was part of reintroduction efforts for the endangered species has been recaptured by officials

A match made in the wilds of New Mexico?

An endangered Mexican wolf captured last weekend after wandering hundreds of miles from Arizona to New Mexico is now being readied for a dating game of sorts as part of federal reintroduction efforts.

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Looming over this year’s climate talks was the spectre of Donald Trump regaining the US presidency

The climate emergency needs better than this. It has taken almost 30 years of climate talks for the world to call on nations to transition “away from fossil fuels” in a “just, orderly and equitable manner”. Cop28’s final text was stating the obvious but it needed saying, and not a moment too soon. Ahead of the Dubai summit, the UN said that under current policies, global temperatures were on track to rise 2.9C above pre-industrial levels – nearly double the goal cited in the climate summit final declaration.

The measures agreed – to triple renewable capacity and double the rate of energy efficiency – could limit warming to the 1.5C threshold. But this relies on an equitable climate financing deal for developing countries. On this key issue, the Cop28 outcome had little to say. A report for the UN has stated that developing countries – excluding China – would need $2.4tn a year. This is a lot of money, but then what is the price of saving the planet? The US is the richest nation on Earth. It should take the lead as the globe’s largest oil and gas producer. Instead it will expand fossil fuel extraction – reckless and inexcusable behaviour given Washington’s historical responsibility.

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A methodology that aims to enable governments to generate marine biodiversity credits from protected areas has been launched by California-headquartered non-profit OpenEarth.

The agreement on fossil fuel phase-out is full of loopholes, but those of us fighting for climate justice won’t give up

As Cop28 ended after 14 gruelling days, many people were clutching at straws and looking for meaning in the mere mention in the text of a transition from fossil fuels. There will be headlines talking about what huge progress it is simply to say this – even without any requirement for real action.

This would have been very welcome 20 or even 10 years ago, but it wasn’t the gamechanger needed to prevent climate catastrophe, to end the era of deadly fossil fuels, or to save the north star of 1.5C. To claim that it is a triumph, or anything even close to that, is simply a lie.

Asad Rehman is executive director of War on Want

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

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Germany is set to spend billions less than planned on climate and energy transition projects each year to 2027, in order to balance the government budget following a court ruling.

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Developing countries call agreement to transition away from fossil fuels ‘unfair’ and ‘inequitable’

As the leaders of the developed world hailed the Cop28 agreement to “transition away” from fossil fuels as historic, Indigenous people, frontline communities and climate justice groups rebuked the deal as unfair, inequitable and business as usual.

The global stocktake (GST) – and the entire UN talks – were dominated by whether or not agreement could be reached to phase out or phase down fossil fuels – in order to curtail global heating.

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Climate reporter Esme Stallard breaks down the COP28 climate summit agreement - in less than a minute.

Improvements in metrics are likely to entice billions of dollars in nature investments across biodiversity, carbon, and water over 2024, an executive at MSCI has said.

Activists have highlighted what they see as loopholes and insufficient progress after UN climate negotiators directed the world on Wednesday to transition away from planet-warming fossil fuels in a move the talks' chief called historic, despite the worries of critics. Within minutes of opening the session, Cop28 president Sultan Al Jaber gavelled approval of the central document — the global stocktake that says how off-track the world is on climate and how to get back on — without asking for comments

• Cop28 landmark deal agreed to ‘transition away’ from fossil fuels

• Good Cop, bad Cop: what the Cop28 agreement says and what it means

• Cop28 live – latest updates

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Coalition alleges glyphosate, the most heavily applied herbicide in history, does not meet required safety standard set by federal law

Citing new scientific research, a coalition of farm worker, public health and environmental advocates on Wednesday filed a legal petition with US regulators demanding they immediately suspend authorization for the controversial weed-killing chemical called glyphosate.

The petition, filed with the Environmental Protection Agency (EPA), alleges that the chemical does not meet the required safety standard set by federal law and the EPA has “no valid assessment demonstrating otherwise”.

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The deal agrees to 'transition away' from fossil fuels for the first time but falls short of phasing them out.

Climate change minister says deal is not perfect but ‘transition away’ from oil and gas sends clear message to investors

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Climate change minister Chris Bowen says the Cop28 climate summit sent a clear message that “our future is in clean energy and the age of fossil fuels will end”, but acknowledged it did not go as far as many countries wanted.

Nearly 200 countries agreed to a deal that for the first time called on all nations to transition away from fossil fuels to avert the worst effects of the climate crisis.

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A German cleantech start up has raised €3.2 million in seed funding for its direct air capture (DAC) technology that can be retrofitted to existing cooling towers and waste heat pumps of ETS-covered industrial facilities, keeping onsite development and running costs low.

BNP Paribas Asset Management said on Wednesday that it has launched a new fund designed to finance energy transition projects across Europe.

IEEFA report says first round of CIS battery projects will leave no space for Eraring, but Chris Bowen will need a lot more wind and solar than he is planning now to reach his 82 pct renewables target.

The post No space for Eraring, but Bowen will need more wind and solar to meet 2030 target appeared first on RenewEconomy.

Here are selected party, stakeholder, and expert reactions to the UAE Consensus on the Global Stocktake (GST) and other outcomes at COP28 climate summit in Dubai, which wrapped up Wednesday.

Clean energy investors slam delays for renewable and storage projects in NSW, noting that the only wind farm approved in the last five years took nearly a decade to get over the line.

The post “A decade is far too long:” Major investors slam planning delays in NSW appeared first on RenewEconomy.

Telstra signs PPA for new solar farm in Queensland to take its total renewable contracts to the equivalent of all its annual electricity consumption.

The post Telstra signs up new Bundaberg solar farm to take it to 100% renewable mark appeared first on RenewEconomy.