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Albanese government announces at Cop28 it will phase out offshore support for coal, oil and gas within a year

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The Australian government has been praised for joining a global partnership committed to stopping billions of dollars in foreign aid and loans being spent on fossil fuel expansion, but the decision has also prompted renewed calls for it to reconsider polluting subsidies at home.

The Albanese government announced at the Cop28 climate summit that it had joined 40 other countries in signing up to the clean energy transition partnership, an agreement first reached in Glasgow two years ago.

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A Canadian fund to develop offset projects for the North American compliance and voluntary carbon markets has surpassed its initial fundraising target of C$115 million ($84.6 mln).

Market participants were divided over whether the December RGGI auction would clear above or below the Cost Containment Reserve (CCR) trigger price, but even participants who were expecting extra volume said it was unlikely to sell out.

A Dutch NGO has called for the abolishment of the voluntary carbon offset industry, highlighting what it sees as a myriad of fundamental flaws that go to straight the heart of the system.

Lawmakers introduced a new bill in Washington’s Senate on Tuesday, looking to loosen cap-and-invest programme requirements for biofuels in the state.

Most market observers expect Washington’s final cap-and-trade current vintage auction for 2023 to settle above the Allowance Price Containment Reserve (APCR) Tier 1 price and consequently trigger a reserve permit offering for the third time this year.

The opportunity exists for a suitably qualified candidate to take a leading role in the company's next growth stage. As the Quality Manager you will spearhead the implementation and adherence of international standards (ISO14064-2 in particular), ensuring the development of high-integrity carbon credits.

Two major UK-based companies have invested in a soil carbon measurement startup, according to media reports.

A definitive deal between the EU and the US involving the decarbonisation of the steel and aluminium industries is likely to be postponed until after next year's elections in both places, as fundamental differences between the two sides have emerged and the EU's carbon border adjustment mechanism has complicated matters.

Negotiations over the Global Arrangement on Sustainable Steel and Aluminium (GSA) remain stuck in a complex impasse, necessitating substantial concessions that neither the EU or US is willing to provide, writes Irina Kustova, Research Fellow at Centre for European Policy Studies (CEPS).

Most Aussie homes are not suited to the current climate, let alone future extremes. But they can be upgraded. A new report identifies the most common housing types and benefits of renovating. Gill Armstrong, Researcher in architecture and urban planning, Climateworks Centre Michael Ambrose, Research Team Leader, CSIRO Licensed as Creative Commons – attribution, no derivatives.

New South Wales had a big month of renewables in November, dominating the charts for the best performing big solar generation assets.

The post NSW shines in November as coal state claims best performing solar farms appeared first on RenewEconomy.

The 25 US states aiming to align with the country's nationally determined contribution (NDCs) under the Paris Agreement must turn their emissions pledges into policy, attendees heard at a Tuesday panel as a report was presented showing progress towards the goal.

Corporates can claim carbon neutrality under the guidelines of the International Organisation for Standards (ISO) by offsetting their emissions with carbon credits that have failed to meet the CCP integrity label of the ICVCM, an ISO spokesperson confirmed this week.

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).

Microsoft has concluded its biggest deal to date for nature based carbon credits, agreeing to buy afforestation, reforestation and revegetation (ARR) units from a Brazilian startup that has ambitions to replant parts of the Amazon with native species, Bloomberg reported on Tuesday.

Norwegian politicians have won a preliminary parliamentary majority for a proposal to open up deep-sea mining in the Arctic region, triggering outrage from environmentalists, although the plans have yet to be given final approval.

Woman was reported to have just gotten married and the man paddleboarding with her as her groom

A shark attacked and killed a Boston newlywed off the coast of the Bahamas on Monday, according to authorities and reports.

Local police said the woman, 44, was bit by a shark at about 11.15am in New Providence. The woman was paddleboarding with a man at the time of the attack, presumed to be her husband.

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A new flow of money was announced on Tuesday to help the Global South step away from oil and gas, from a growing number of members of international coalition Beyond Oil & Gas Alliance (BOGA).

While COP28 negotiating parties grapple with language surrounding the phaseout versus phasedown of fossil fuels, industry delegates demonstrated limited enthusiasm to reduce production of oil and gas amid activist calls for otherwise during the summit’s thematic Energy and Industry day.