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The European Parliament voted on Tuesday to fast-track their decision to "stop the clock" on two EU corporate sustainability reporting directives, and will decide on Thursday whether to delay their application to large companies.

The EU should urgently ramp up investment in electricity grids, or risk derailing its clean energy transition, the European Court of Auditors (ECA) has warned.

More than 25 major consumer brands, including Coca-Cola and Nestle, are driving fracking demand in Texas, fuelling the plastic crisis and the environmental degradation that comes with it, according to an investigation by two non-profits.

A US geothermal energy developer has closed a more than $10-million financing deal to boost team expansion in coming months.

A right-wing attempt to curtail funding for environmental NGOs in the European Union collapsed on Monday evening, in a vote before the European Parliament's environment committee.

An Indian project developer has sold over 60,000 carbon credits from several projects to a Denmark-based carbon removal platform, it said in a statement Tuesday.

European carbon allowances broke out of a fairly well-established range late on Tuesday morning as stops were triggered, with sources eyeing a traditionally strong month for EUA prices in April, while energy markets also edged higher amid further attacks on energy infrastructure in Ukraine and anticipation of new US tariffs.

Japan has established an agency to operate the bilateral Joint Crediting Mechanism (JCM), as the country aims to streamline the process for the creation of Paris-aligned carbon credits.

The European Commission on Monday launched the application process for companies seeking to become authorised Carbon Border Adjustment Mechanism (CBAM) declarants.

The UK water industry has reached a turning point after years of excessive pollution, with new regulatory requirements triggering a fundamental shift towards nature-based solutions (NBS) – with global implications.

Australia’s corporate watchdog in charge of overseeing company probity and handing out fines for greenwashing has offered new guidance on mandatory climate disclosures, with advice on how to disclose Scope 3 emissions.

One of Japan's major trading houses has partnered with a French startup to expand their presence in the international voluntary carbon market, with plans to operate an investment platform for nature-based solutions and develop removal projects in Africa.

Global online and AI giant Meta has signed a 25-year power purchase agreement (PPA) to support the development of a 150MW floating solar PV system in Singapore.

The post Meta signs 25-year off take deal for planned floating solar PV system to support regional data centres appeared first on RenewEconomy.

I sometimes wonder how senior management at gas companies rationalise what they do to the lives of their kids and grandkids, never mind everyone else’s.

The post Social hour at the gas rodeo: Why the market is broken appeared first on RenewEconomy.

Experts say previous economic models underestimated impact of global heating – as well as likely ‘cascading supply chain disruptions’

Economic models have systematically underestimated how global heating will affect people’s wealth, according to a new study that finds 4C warming will make the average person 40% poorer – an almost four-fold increase on some estimates.

The study, by Australian scientists, says average global GDP per person will be reduced by 16% even if warming is kept to 2C higher, . This is much higher than previous estimates of a drop of about 1.4%.

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The mid-term outlook for oil remains relatively strong, but less so for refiners, with more than a fifth of them facing the possibility of closure next decade driven in large part by decarbonisation efforts and carbon taxes, in Europe especially, according to an energy consultancy report.

Singapore has signed an implementation agreement on carbon credits with Peru under Article 6 of the Paris Agreement, marking the city state's first such partnership with a Latin American nation, Singapore's Ministry of Trade and Industry announced on Tuesday.

A US-based, celebrity-endorsed carbon offsets company in the middle of a $145-million fraud case launched against its co-founder has filed for bankruptcy.

The flood-affected area in outback Queensland has grown to double the size of Victoria after experiencing its worst deluge in 50 years. Water broke the banks of a makeshift levee in Thargomindah in the state's south-west, forcing the evacuation of 100 residents. Stock losses are expected to be catastrophic and more rain is forecast for the coming week

• Outback deluge pushes Queensland towns to the brink: ‘Out here it’s drought or floods’

• Rain records to fall in Queensland with Townsville to set new annual high – in April

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To date, projections of how climate change will affect global GDP have been massively underestimated. Timothy Neal, Senior lecturer in Economics / Institute for Climate Risk and Response, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.