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Governments need to take urgent action to avoid perverse uses of biodiversity credits, including cross-border offsetting, as the International Advisory Panel on Biodiversity Credits (IAPB) believes its newly launched framework alone won’t be a sufficient safeguard, its co-chairs told Carbon Pulse.

An influential panel led by the UK and France on Monday released its long-awaited framework to steer and scale the development of high integrity biodiversity markets, advising against secondary markets transactions and ruling out the use of non-local credits for offsetting except for contribution purposes.

The United Arab Emirates' state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.

A two-day seminar organised by a global financial institution and Uzbekistan’s economy ministry discussed the Central Asian country’s participation in international carbon markets, local media reported.

Australian miner paying ‘massive bonuses’ for ‘steamrolling ahead with an outdated and unacceptably risky coal growth strategy’, activists say

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Whitehaven Coal, one of Australia’s biggest coal producers, faces a rare “second strike” from shareholders this week as climate activists seek to draw attention to the miner’s plans to ramp up volumes and resulting carbon emissions.

The ASX-listed company received a 41% vote against its executives’ remuneration report at last year’s annual general meeting. A vote of at least 25% at this year’s AGM on Wednesday would force a motion to spill Whitehaven’s board.

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Australia must insist on full removal when ExxonMobil decommissions offshore gas project, Wilderness Society says

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An international law expert has warned abandoning oil and gas infrastructure in Bass Strait would breach Australia’s obligations under international law, if ExxonMobil pursues this plan in decommissioning its Gippsland offshore project.

Prof Donald Rothwell, who specialises in international law at the Australian National University, said Bass Strait was used for international navigation and had special status under the UN convention on the law of the sea (Unclos) and related International Maritime Organisation (IMO) guidelines.

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The European fertiliser industry has made strides on climate in the last 20 years, cutting emissions by nearly 50% since 2005. To tackle the remaining half, two options are available - but neither are cheap or easy, the sector's EU trade association told Carbon Pulse in an interview.

Two Finland-based low-carbon technology companies have signed a commercial agreement to evaluate how carbon nanofibers might improve the strength of concrete and lower its carbon emissions, the firms announced on Monday.

European carbon fell in line with natural gas and along with all energy markets on Monday morning as geopolitical tensions were judged to be lessening in the wake of Israeli attacks on military targets in Iran over the weekend.

A group of major philanthropies on Monday announced they will contribute $51.7 million towards creating marine protected areas (MPAs) in international waters under the UN High Seas Treaty.

The outlook for EUA prices over the coming winter will largely depend on whether natural gas prices can hold on to their recent gains and whether speculative investors continue to hold significant long positions in TTF derivatives, according to an analyst.

Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state's renewable energy target of 80% by 2035 and to keep coal-fired plants open.

China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.

The world is wildly off track in tackling climate change, the UN says, as CO2 in the atmosphere accumulates faster than ever

The world is wildly off track in tackling climate change, the UN says, as CO2 in the atmosphere accumulates faster than ever

Existing national contributions to the Paris Agreement are unsurprisingly inadequate, at most leading to a mere 2.6% decline in global greenhouse gas emissions over the 2020s, according to a UN report released on Monday.

Carbon dioxide concentration has increased by more than 10% in just two decades, reports World Meteorological Organization

The concentration of planet-heating pollutants clogging the atmosphere hit record levels in 2023, the World Meteorological Organization (WMO) has said.

It found carbon dioxide is accumulating faster than at any time in human history, with concentrations having risen by more than 10% in just two decades.

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AER to investigate cause of extended blackouts in Broken Hill and why the grid was not more resilient. Will it shed light on whether the regulatory and grid management processes are fit for purpose?

The post Energy regulator joins probe into reasons for lengthy blackouts in storm-hit Broken Hill appeared first on RenewEconomy.

The harm to babies and mothers is one of the warnings being sent to Cop29 decision-makers by leading scientists

Miscarriages, premature babies and harm to mothers caused by the climate crisis are a “blind spot” in action plans, according to a report aimed at the decision-makers who will attend the Cop29 summit in November.

Potential collapse of the Amazon rainforest, vital Atlantic Ocean currents and essential infrastructure in cities are also among the dangers cited by an international group of 80 leading scientists from 45 countries. The report collects the latest insights from physical and social science to inform the negotiations at the UN climate summit in Azerbaijan.

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Australasian Centre for Corporate Responsibility alleges Santos’s plan to reach net zero by 2040 is ‘little more than a series of speculations’

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A world-first greenwashing case that seeks to hold oil and gas company Santos accountable for its net zero commitments began in the federal court today, brought by one of its own shareholders, the Australasian Centre for Corporate Responsibility (ACCR).

The organisation claims Santos did not have a proper basis for saying it had a clear pathway to reduce emissions by 26% to 30% by 2030 and reach net zero by 2040, which constituted misleading or deceptive conduct in breach of Australian corporate and consumer laws.

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