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Last month was hottest October since records began, with average global temperature thought to be 1.7C above late-1800s levels

The world is set to have been hotter in 2023 than in any other year on record, scientists have declared, before a landmark climate summit this month.

“We can say with near certainty that 2023 will be the warmest year on record, and is currently 1.43C above the pre-industrial average,” said Samantha Burgess, the deputy director of the Copernicus Climate Change Service. “The sense of urgency for ambitious climate action going into Cop28 has never been higher.”

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In 1997, John Howard chose expansion of Australian fossil fuels over Pacific concerns about climate change. Will Albanese finally mend the rift? Wesley Morgan, Research Fellow, Griffith Asia Institute, Griffith University Licensed as Creative Commons – attribution, no derivatives.

Australia’s financial system must urgently transform itself to meet the climate challenge.

The post Making money green: Australia takes first steps towards a net zero finance strategy appeared first on RenewEconomy.

A biologist says while unusual, cross-species adoptions happen when animals respond to certain cues.

EEX’s European carbon trading volumes nearly doubled in October compared to a year ago after the exchange implemented a new market-maker programme that it said has had a positive impact.

New turbine blade transport technology deployed at the 923MW MacIntyre wind farm will drastically reduce the impact on farmland and vegetation.

The post “Marvel of engineering:” Giant wind turbine transporters find their way to Australia appeared first on RenewEconomy.

Battery storage is changing the grid: Neoen provides insight into how they make money, including three new revenue streams.

The post Australia’s big batteries: What do they do and how do they make money? appeared first on RenewEconomy.

BlackRock and US-based energy firm Occidental have teamed up to develop the world's largest direct air capture (DAC) facility, with the global investment giant channelling $550 million of client funds into the project.

Tuesday's election to determine who occupies the 40 Senate and 100 House of Delegates seats in the Virginia General Assembly is too close to call, and could impact the ongoing battle to bring the state out of the RGGI trading bloc.

Market participants expect robust demand for Washington's upcoming Allowance Price Containment Reserve (APCR) sale on Wednesday, with Washington Carbon Allowances (WCA) offered on the secondary remaining above the scheme's Tier 1 trigger price.

AMSL Aero has already developed a battery electric vertical take off aircraft, now it is looking at hydrogen power to cover long distances suitable for emergency services and regional Australia.

The post ARENA backs husband and wife team developing world’s first hydrogen vertical lift off plane appeared first on RenewEconomy.

The US Department of Agriculture (USDA) Forest Service has announced plans to commence rulemaking that would allow the agency to consider applications for carbon capture and sequestration (CCS) projects on national forests and grasslands.

Stakeholders are concerned that prices of eligible credits for the UN's aviation carbon offsetting scheme will spiral once the mechanism enters its mandatory phase later this decade, with the supply outlook unclear as doubts over eligibility and accounting procedures pile risk onto project developers and investors.

Back when there were Arctic alligators and turtles, ‘polar stratospheric clouds’ kept their world warm. Research suggests these clouds contribute to the ‘missing warming’ in climate models. Katrin Meissner, Professor and Director of the Climate Change Research Centre, UNSW, UNSW Sydney Deepashree Dutta, Postdoctoral Research Associate, University of Cambridge Martin Jucker, Lecturer in Atmospheric Dynamics, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

If big money is going to invest in clean energy and technology, the rules have to be clear. Australia’s launch of a green finance strategy last week was a good start but there is further to go. Alison Atherton, Program Lead, Business, Economy and Governance at the Institute for Sustainable Futures., University of Technology Sydney Gordon Noble, Research Director, Institute for Sustainable Futures, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

The atmosphere in negotiations for the EU’s nature restoration law is not positive, with its future over the next few months uncertain, a member of the Greens–European Free Alliance (EFA) party involved in the talks has said.

Carbonplace, a carbon credit transaction network developed by several global banks, said Tuesday it has signed a series of partnerships, among them a collaboration with carbon credit rating agency BeZero, whose ratings will be hosted on the fintech’s platform.

Prices for Xpansiv CBL’s standardised nature-based carbon contract, the N-GEO, ticked up on Tuesday after the marketplace removed the Kariba and Kasigau REDD projects from its list of pre-screened projects.

A US-headquartered non-profit has proposed a comprehensive code of conduct to guide the burgeoning field of marine CO2 removal (mCDR) research, in an effort to minimise damage to ecosystems, communities, and the industry's reputation that could be caused by the sector's hurried development.