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Negotiations continue amid disputes over climate finance goals and previous commitments on transitioning from fossil fuels

Cop29 will run well into overtime, WWF has said, as delegates from nearly 200 nations awaited a fresh draft of a summit deal on Friday afternoon.

Decisions at the annual UN climate talks are made by consensus, meaning that it is possible for a small number of objectors to easily hold up commitments.

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South Korea has proposed a ten-year roadmap for the creation of a carbon-free energy ecosystem, which the government said can bring an economic effect worth 59 trillion won ($42 billion).

Labour inherited a dire situation that needed desperate change – but powerful lobbies make any tax reform near-impossible

That was a state-of-the-nation image, those thousands of farmers in Whitehall protesting about inheritance tax (IHT). Their little inheritors on toy tractors could hardly have offered a better portrait of a Britain where even modest reforms of wildly irrational tax reliefs are near-impossible. The country loves Old MacDonald and detests IHT.

This is a symbol of the great malaise those same contrary voters feel about the profound unfairness in this most unequal of countries. Few think it’s OK for the top 1% to own almost a quarter of all wealth, or the top 0.1% to take about 60 times more income than their population share, while we are living through the greatest decline in living standards since records began.

Polly Toynbee is a Guardian columnist

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The best of this week’s wildlife photographs from around the world

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Petrostate’s rebuke comes as Saudi Arabia and allies try to derail transition promise made at climate talks last year

• Cop29 climate summit – live updates

The world must stand behind a historic resolution made last year to “transition away from fossil fuels”, the United Arab Emirates has said, in a powerful intervention into a damaging row over climate action.

The petrostate’s stance came as a sharp rebuke to its neighbour and close ally Saudi Arabia, which had been trying to unpick the global commitment at UN climate talks in Azerbaijan this week.

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It is Day 12 at COP29 in Baku - the final scheduled day in Baku. New texts on climate finance and Article 6, as well as other streams, are expected to drop from midday, though the state of play on the NCQG is that the goal appears to be in disarray. This in turn is threatening a previously-expected deal on carbon markets. Buckle up! In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

AER says bidding behaviour of some electricity market participants - peaking plants and big batteries - during high-price events might not be in the best interests of consumers.

The post Bad for consumers: Regulator pings generators and batteries for multiple “rebids” in high priced events appeared first on RenewEconomy.

Gas lobby hoorays the proposed South Australia capacity scheme that would include existing gas generators, but renewables industry laments a backward step, and lack of demand side action.

The post Gas lobby hoorays South Australia capacity payment plan as clean energy industry fears backward step appeared first on RenewEconomy.

California Carbon Allowances (CCA) futures and options activity on ICE ramped to record levels into the last quarterly permit sale of 2024 earlier this week, with sentiment recast lower after ARB delayed cap-and-trade updates to the new year, while lack of liquidity clouds hints of momentum in Washington Carbon Allowances (WCA).

Carbon dioxide removal (CDR) technologies that enhance nature-based CO2 absorption should be harnessed to unlock cheaper decarbonisation pathways in the US, a new report said.

News Australia's only wind turbine tower manufacturer has decided to pack it in has been packaged by the Murdoch media and Coalition as a renewables embarrassment for Labor. History tells a different story.

The post Australia’s only wind turbine tower maker to close shop, prompts Coalition to ignore its own history appeared first on RenewEconomy.

A Toronto-based carbon credit project financier has named a commodities trading “expert” and activist investor as its new CEO.

The rules of Australia's main electricity grid are constantly changing. Should they be completely rewritten? AEMC commissioner Tim Jordan discusses the state of play. Plus: News of the week.

The post Energy Insiders Podcast: Changing the rules of the energy game appeared first on RenewEconomy.

Australia has just joined a new coalition at the UN climate talks, one that rules out new coal power in our energy system and promises to encourage others to do the same in the run up to next year’s critical mitigation summit in Brazil. This is a critical step in our country’s energy future, and […]

The post Dealer lecturing addicts? Australia backs coal power ban but continues to sell the stuff appeared first on RenewEconomy.

Zeppelins could have an advantage over road transport for wind and solar projects. It's an intriguing vision, but it comes with some big unanswered questions as well.

The post “Wild idea:” Could zeppelins really be used to air-ship huge wind turbine parts? appeared first on RenewEconomy.

The return of Trump demands extreme watchfulness. But effective vigilance also requires energy and strength, mental and emotional recharge and balance

A long walk in the mountains last weekend brought sudden perspective to just how heavily the shoutiness and anger was weighing.

Suddenly there was only birdsong, the rustling tree canopies, the gentle burbling of the Snowy River and the wind whispering through the trunks of ancient ghost gums. This was anything but a quiet quietness. But it was the sound of a serenity that only nature can gift – a noise of extreme unplugged-ness if you like.

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A bipartisan US senate bill introduced on Thursday would establish a new tax credit to support the CO2 removal (CDR) industry beyond applications of the existing 45Q tax credit.

Construction begins on the biggest battery in the ACT, as plans also emerge for an even bigger battery at Hazelwood, near the shuttered coal fired power station.

The post Construction begins at giant battery in ACT, as plans unveiled for even bigger battery at Hazelwood appeared first on RenewEconomy.