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EU importers of goods that fall under the bloc's Carbon Border Adjustment Mechanism (CBAM) may face hefty penalties this year due to international suppliers refusing to provide them with data on their embedded emissions, which importers need to comply with the new mechanism, experts have told Carbon Pulse.

Fossil of giant river dolphin found in Peru, whose closest living relation is in South Asia, gives clues to future extinction threats

Scientists have discovered the fossilised skull of a giant river dolphin, from a species thought to have fled the ocean and sought refuge in Peru’s Amazonian rivers 16m years ago. The extinct species would have measured up to 3.5 metres long, making it the largest river dolphin ever found.

The discovery of this new species, Pebanista yacuruna, highlights the looming risks to the world’s remaining river dolphins, all of which face similar extinction threats in the next 20 to 40 years, according to the lead author of new research published in Science Advances today. Aldo Benites-Palomino said it belonged to the Platanistoidea family of dolphins commonly found in oceans between 24m and 16m years ago.

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Further struggles await a law aiming to enshrine the target to restore at least 20% of the EU land and sea areas by 2030, with some of the bloc's 27 environmental ministers announcing their intention to halt the process next week.

Scotland’s flagship 2030 climate goal to reduce greenhouse gas emissions by 75% compared to 1990 is no longer credible, the independent Committee on Climate Change (CCC) warned on Wednesday.

A project for generating biodiversity net gain (BNG) units while farming organic cattle in south England has been announced by nature restoration company Restore.

The run-up to November's COP29 climate summit kicks off this week, with around 40 climate ministers and leaders meeting in Denmark to talk about the two key issues on the table for Azerbaijan: strengthened climate pledges and more finance.

A court in the Netherlands has ruled that climate claims, including use of voluntary carbon credits, made by a European air carrier constituted greenwashing, in a decision that could set a legal precedent for wider offset use in international aviation.

Transport alone is set to make up nearly half of Europe’s total greenhouse gas (GHG) emissions in 2030, according to fresh data published on Wednesday.

For the first time in 10 years, a baby pygmy hippo has been born at Attica Zoological Park. Zoo staff said they were thrilled to welcome the birth as a lack of male pygmy hippos in captivity made breeding efforts complicated. The rare male calf was born on 19 February and joins his parents, Lizzie and Jamal, as the only pygmy hippos at the zoo. Native to western Africa, pygmy hippos are listed as an endangered species by the International Union for Conservation of Nature

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The crash in prices since January 2022 has wiped $5 billion off the value of available credits in the voluntary carbon market, but the surplus today is still worth $4.7 bln, finds a new report.

Oversupply in the UK ETS will be depleted by 2029 and allowance prices could reach as high as £136, according to analyst forecasts, speaking on a webinar Wednesday.

Brussels will play host on Thursday to the first ever nuclear energy summit, with France and the US pushing for new financing mechanisms to be deployed across the globe to help countries ditch coal and transition away from fossil fuels.

The state rescinded its decision over Carmichael mine fly-in, fly-out jobs but it’s unlikely to be the end of the dispute

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When Adani’s north Queensland coalmine obtained its final approvals in 2019, the residents of Clermont held an impromptu celebration at the Leo hotel.

“Our town needs it, everyone’s passionate about it, it will be great for the community. A welcome, welcome thing,” one local at the pub told the ABC.

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An international shipping firm has teamed up with a large bank to to co-invest in sustainable aviation fuel (SAF) and generate voluntary carbon credits.

Complete with the "perennial forecast of shortfalls," AEMO's latest Gas Statement of Opportunities has analysts scratching their heads on why the market operator sees gas power demand soaring in 2040.

The post AEMO issues another gas shortage warning, but analysts question why appeared first on RenewEconomy.

Executives at Texas summit claim clean-energy transition is failing and say world should ‘abandon the fantasy’ of fossil-fuel phaseout

The bosses of the world’s leading oil and gas companies have poured scorn on efforts to move away from fossil fuels, complaining that a “visibly failing” transition to clean energy was being pushed forward at an “unrealistic pace”.

The oil executives, gathered at the industry’s annual Cera Week conference in Houston, Texas, have taken turns this week to denounce calls for a rapid phase-out of fossil fuels, despite widespread acknowledgment within the industry, as well as scientists and governments, of the need to radically reduce planet-heating emissions to avoid the worst effects of the climate crisis.

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European carbon prices were little changed by midday, after moving in their narrowest range in more than a month amid a marked decrease in trading activity on Wednesday, as the weekly Commitment of Traders data showed a third successive decrease in investment funds' net short position.

Automakers can now align voluntary emissions reductions from their largest source of pollution — people driving their vehicles — with a pathway to limiting global warming to 1.5C, based on revised guidance released Wednesday by the Science Based Targets initiative (SBTi). 

The UK Infrastructure Bank (UKIB) has committed up to £50 million ($64 mln) to a first-of-its-kind venture capital fund seeking to create and scale businesses that harness nature and climate solutions developed by British research institutes.

A "non-network" solution - likely big batteries - has been chosen over new transmission lines, and will turn Kalgoorlie into a massive micro grid to avoid blackouts.

The post Batteries to turn Kalgoorlie into massive micro-grid after storms tear down network, and gas fails appeared first on RenewEconomy.