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The UN-backed Race to Zero campaign updated its criteria on Wednesday to ensure credible net zero targets from corporates and financial organisations, aiming to overcome greenwashing concerns while specifying requirements for carbon credit use and other elements.

‘Net zero’ global alliance of financial institutions, begun at Cop26, can still invest in coal and other fossil fuels

Banks that have signed up to a global climate pledge, led by Mark Carney, a former governor of the Bank of England, can still invest unlimited amounts in coal mining and coal power, despite promises to tighten the rules on their lending.

Green campaigners have slammed the loopholes, uncovered by the Guardian, as “greenwashing”, after updated criteria for banks involved in the Glasgow Financial Alliance for Net Zero (GFANZ) were unveiled on Wednesday.

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EU carbon posted a second day of gains as traders took heart from reports that lawmakers had reached a provisional Parliamentary deal on ETS reforms, while energy markets continued to forge ahead amid further cuts in natural gas supplies.

A European oil major and has teamed up with a forestry management firm in Gabon to develop a sustainable forest management model that aims to generate carbon credits from reduced deforestation, conservation, and afforestation, according to a media release on Wednesday.

A forestry project in Canada has been awarded only a low chance of achieving 1 tonne of CO2 avoidance or removal by a carbon credit ratings agency in its latest update.

The UK's ability to tackle the likes of bird flu could be undermined by poor lab facilities, a report warns.

The promise of a global green economic recovery from the Covid-19 pandemic has been dashed, sending a warning that the clean energy transition has stalled and making it unlikely that the world will be able to meet critical climate goals this decade, according to a report released on Wednesday.

Senior MEPs from the centre-right EPP, centre-left S&D and liberals from Renew – the three largest political groups – have sealed a provisional deal on the EU ETS late Tuesday that would see an earlier phaseout of free allowances and a slightly tighter annual cap cut than at last week's failed vote.

Fossil fuelled power generation in China continued to fall in May, though at a slightly slower rate than in the previous month as some of the country’s Covid-driven lockdowns eased.

Australia’s energy market operator has suspended the National Electricity Market, due to a perfect storm of coal plants going offline and a spike in fossil fuel prices. Joel Gilmore, Associate Professor, Griffith University Tim Nelson, Associate Professor of Economics, Griffith University Licensed as Creative Commons – attribution, no derivatives.

The head of Papua New Guinea's Climate Change Development Authority (CCDA) has told national media that a delay in government policy-making is holding up hundreds of millions of dollars in potential carbon credit revenue.

Two main crypto carbon groups are considering to share the responsibility to rid the market of the over 670,000 remaining carbon tokens from a Chinese HFC-23 project brought onto blockchain last year.

A new report says that increased demand for energy is being met mainly by coal, oil and gas.

AEMO chief Daniel Westerman warns NSW faces a night of tight electricity supplies, as the market operator takes control of the National Electricity Market.

The post AEMO warns of tight electricity supplies in NSW, after seizing control of market appeared first on RenewEconomy.

Researchers believe the Amphylaeus morosusis bee only recently made the switch from solitary to colony living

The unusual social life of a native species of Australian bee has shed light on how cooperative behaviours in bees evolved, new research suggests.

Flinders University scientists have analysed the behaviour of Amphylaeus morosus, a forest-dwelling bee that lives in small nests of rarely more than two females.

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Transition to renewables, not new gas developments, will help avoid future power crises, environment groups say

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Climate and environment groups have criticised comments by the new resources minister, Madeleine King, in support of new gas development, saying it is inconsistent with what climate science says is required to limit global heating.

In an interview with the Sydney Morning Herald, King said new gas fields such as Santos’ Narrabri development in northern New South Wales would help avoid a future power crisis.

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UK oil and gas major BP has acquired a 40.5% stake and operatorship of the Asian Renewable Energy Hub (AREH), a massive solar and wind project in north-west Australia that aims to export green hydrogen or ammonia, the company announced on Wednesday.

Guardian analysis reveals toll of heat stress, cold and trauma amid rise in long-distance and more frequent journeys

Tens of millions of farm animals in the US are dying before they can be slaughtered, according to a Guardian investigation exposing the deadly conditions under which animals are transported around the country.

Approximately 20 million chickens, 330,000 pigs and 166,000 cattle are dead on arrival, or soon after, at abattoirs in the US every year, analysis of publicly available data shows. A further 800,000 pigs are calculated to be unable to walk on arrival.

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It’s been unusually cold, and energy prices are soaring. That spells trouble for the quarter of Australians who have very cold homes. Cynthia Faye Isley, Postdoctoral Research Fellow, Australian Centre for Housing Research, University of Adelaide Emma Baker, Professor of Housing Research, University of Adelaide Lyrian Daniel, Senior lecturer, University of Adelaide Trivess Moore, Senior Lecturer, School of Property, Construction and Project Management, RMIT University Licensed as Creative Commons – attribution, no derivatives.

We explore the pros and cons of making a move into the solar industry with Thornton DeVoy from Solar Analytics.

The post Great Solar Business Podcast: Is solar a good career move? appeared first on RenewEconomy.