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EUA prices are likely to stagnate in 2024 as the Eurozone economy treads water and the build-out of renewable energy generation continues to forge ahead, according to bank analysts, who have adjusted downward their price forecast for the end of 2024.

The UK-French led international initiative on biodiversity credits established earlier this year will launch a public consultation process on the framework next week, according to one of the co-chairs.

AEMO warns of long hot summer as it seeks more resources in the case of fires, storms and heat that could cause failures in generation and transmission. But it has a lot more big batteries.

The post AEMO prepares for extreme El Nino summer, but at least it has more battery storage appeared first on RenewEconomy.

EUA prices were marginally weaker at midday on Tuesday as the prices continued to seek direction amid a slight downturn in energy markets and in anticipation of the publication of Commitment of Traders data on Wednesday.

There were 1,200 more buyers in the voluntary carbon market than last year, according to data from an analytics provider, as analysts calculate that if all active firms in the market were to offset just 1% of emissions, carbon credit demand would rise fourfold.

Current national climate action plans are still insufficient to limit global temperature increases to 1.5C, a UN report released Tuesday said, adding that the upcoming climate talks in Dubai must turn things around.

A new report says many countries are increasing their oil and gas production. Delegates to Cop28 must confront this crisis

Let me see if I have this right.

A vast majority of the world’s best climate scientists have told us again and again that to maintain a stable and liveable planet, we, the human race, must reduce the burning of fossil fuels – and emissions of greenhouse gases – by half by 2030. And end emissions altogether by 2050. Knowing this, what are we on track to do?

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Hungarian fertiliser producer Nitrogenmuvek has closed its plant at Petfurdo, citing losses due to the country’s recently-introduced levies on free carbon allowance allocations, according to media reports.

Negotiators on behalf of the 27 EU member states agreed on carbon capture targets and obligations on Monday as part of the bloc’s legislative proposal to accelerate the EU’s clean technologies, according to a source close to the matter.

Government assessment said extreme weather events mean country suffers a disaster every three weeks costing at least $1bn

The US is warming faster than the global average and its people are suffering “far-reaching and worsening” consequences from the climate crisis, with worse to come, according to an authoritative report issued by the US government.

An array of “increasingly harmful impacts” is hitting every corner of the vast country, from extreme heat and sea level rise in Florida to depleted fish stocks and increased food insecurity in Alaska, the new National Climate Assessment has found.

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A South Korean ministry has teamed up with three domestic companies to reduce greenhouse gases in the livestock sector, with plans to secure carbon credits generated from biochar production, it announced Tuesday.

Traditional custodians of lands in West Papua have refused a carbon project in their forests, which they use for medicine and other purposes and suggest they were not adequately consulted about the project.

South Africa’s environment ministry has entered into biodiversity management agreements (BMAs) with three landowners in Limpopo province, offering tax incentives in exchange for the protection of privately-owned lions and rhinos.

Polluting facilities covered by Australia’s Safeguard Mechanism are yet to comprehend their new compliance obligations and have little to no understanding of how they will acquire Australian Carbon Credit Units (ACCUs) to meet them, a market consultant has said.

The world is lagging behind on almost every indicator of efforts to tackle climate change, including carbon pricing systems, according to a multi-researcher report that piles up concerns for the upcoming COP28 UN negotiations.

Indonesia’s 2030 power sector emissions are likely to be far higher than the goal it set itself under its recent Comprehensive Investment and Policy Plan (CIPP), a think-tank said Tuesday.

Research shows global heating creates ‘whiplash effect’ of erratic extremes – often in poorest countries

Extreme drought in northern Italy has doubled over the past two decades, creating a climate that increasingly mirrors that of Ethiopia and the Horn of Africa, research shows.

Analysis of satellite imagery and data by scientists reveals how global heating is creating a “whiplash effect”, creating erratic extremes. The analysis of climate data released by WaterAid and Cardiff and Bristol universities finds that under extreme climate pressures, areas that used to experience frequent droughts are now more prone to frequent flooding, while other regions historically prone to flooding now endure more frequent droughts.

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Experts warn UK’s regulations now lag behind those of the EU and that Britons will be exposed to more toxic chemicals as a result

The government is to loosen EU-derived laws on chemicals in a move experts say will increase the likelihood of toxic substances entering the environment.

Under new plans the government will reduce the “hazard” information that chemical companies must provide to register substances in the UK. The safety information provided about chemicals will be reduced to an “irreducible minimum”, which campaigners say will leave the UK “lagging far behind the EU”.

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Coal must be phased out seven times faster and deforestation reduced four times faster to avoid worst impacts of climate breakdown, says report

Coal must be phased out seven times faster than is now happening, deforestation must be reduced four times faster, and public transport around the world built out six times faster than at present, if the world is to avoid the worst impacts of climate breakdown, new research has found.

Countries are falling behind on almost every policy required to cut greenhouse gas emissions, despite progress on renewable energy and the uptake of electric vehicles.

Retire about 240 average-sized coal-fired power plants a year, every year between now and 2030.

Construct the equivalent of three New Yorks’ worth of public transport systems in cities around the world each year this decade.

Halt deforestation, which is happening to an area the size of 15 football pitches every minute, this decade.

Increase the rate of growth of solar and wind power from its current high of 14% a year to 24% a year.

Cut meat consumption from ruminants such as cows and sheep to about two servings a week in the US, Europe and other high-consuming countries by 2030.

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Onlookers in Bingil Bay were stunned when an adolescent cassowary emerged from the ocean and shook itself off late last month. Mandubarra traditional owner and Bingil Bay Campground host Nikita McDowell sent video of the unexpected arrival to the Queensland Parks and Wildlife Service after a guest told her it was swimming about 200 metres offshore. The endangered bird 'will take to the water to cross from one side of a river to the other, or if they feel threatened by domestic dogs or another cassowary through a territorial dispute', QPWS officer Stephen Clough says. McDowell was advised that it would move on when it was ready. 'I went to make a coffee and when I returned, it was gone,' she says

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• How Bruce the brolga won over a Queensland community – video

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