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Life relies on a fine balance between energy in and energy out. But heating the world 1.2℃ means we’ve trapped an extraordinary amount of extra energy in the Earth system. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Steven Sherwood, Professor of Atmospheric Sciences, Climate Change Research Centre, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

ESG commodities platform Xpansiv expects to post pre-tax profits at the end of this financial year after halving losses in 2022 and almost doubling revenue, the company said in a statement on Thursday, as it shrugged off concerns from its auditor that ongoing operations were in doubt if financiers withdrew support.

Hidden camera at slaughterhouse appears to show ‘utterly inhumane’ use of CO2 to stun pigs before slaughter

New undercover footage showing British pigs being gassed prior to slaughter has led to renewed calls to investigate the use of CO2.

Campaigners say the pictures – the first of their kind to be obtained in a UK abattoir – show the “utterly inhumane” nature of using CO2 to stun pigs before being killed. But the pork industry says its use is recognised as the most welfare-friendly method available, and says alternatives are being sought.

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The European Parliament's initial response to the bloc's carbon removals bill doesn't fix the controversial proposal and keeps flaws, green groups in Brussels claimed on Tueesday.

Trade was brisk over the past week, after REDD avoided deforestation prices turned a corner to edge higher after 2016 vintages (V16) from a well-known project struck $2 to attract a flurry of trades.

Redirecting massive defence spending and implementing a windfalls gains tax in the 2023 federal budget could go a long way to saving our environment

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Like trickle-down economics or goldfish memories only being three seconds long, there’s a myth that continues to haunt this nation, and, like a zombie, it refuses to die. This myth, and the damage it inflicts, has been aided and abetted by the Australian government. This deception is propagated and perpetuated for political purposes. What is this myth? The notion that our government simply can’t afford to greatly increase spending on environmental protection and recovery.

As we approach another federal budget, the government’s priorities are writ large. At the same time, we continue to bear witness to – and suffer through – the devastating impacts of a changing and deteriorating climate, collapsing ecosystems and an increasing number of threatened species racing towards extinction.

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UAE climate envoy Ahmed Al Jaber on Tuesday backed a move to phase out "fossil fuel emissions" ahead of his country's hosting of the UN COP28 summit later this year, as well as a tripling of global renewable capacity.

A carbon offset project developer said it has notched an jump in its forward sales of more than €1 mln, drawing from an estimated 40 mln credits in its project pipeline.

A cross-stakeholder group on Tuesday announced new timelines for its Claims Code to guide corporates’ use of voluntary carbon credits, aiming to tackle environmental integrity in the demand side of the market.

Cop28 president Sultan Al Jaber says summit in Dubai in November will dedicate a day to health

The next UN climate summit will be the first to consider health issues in depth, with a meeting of global health ministers to highlight the consequences of the climate crisis for wellbeing.

Sultan Al Jaber, the president of Cop28, which will take place in Dubai this November, said on Tuesday: “We will be the first Cop to dedicate a day to health and the first to host a health and climate ministerial. And we need to broaden our definition of adaptation to enable global climate resilience, transform food systems and enhance forestry land use and water management.”

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Renewable energy covered about half of electricity consumption in Germany during the first three months of 2023.

The post appeared first on RenewEconomy.

Queensland registers a big leap in the share of large scale solar in its grid, with its peak now higher than South Australia and NSW.

The post Sunshine state sets a new solar generation record, in late autumn appeared first on RenewEconomy.

EUAs jumped substantially on Tuesday morning after the European Commission issued an update on progress to enable auctions from the Innovation Fund to help finance the REPowerEU initiative, with prices rising as much as 5.5% in busy trading.

India’s forthcoming carbon market will have no problem on the supply-side but demand for carbon credits could be an issue as the world’s third-largest emitter makes moves towards a fully operational market later this decade, panellists told the Carbon Forward Asia conference on Tuesday.

The UK government has launched a new bid to boost biodiversity recovery in its overseas territories, with large-scale projects funded for the first time to tackle nature loss, it said in a release.

A nature capital alliance in partnership with a UK-government fund, has opened a call for applicants from ocean-based projects, as it aims to drive investment of over $500 million into the space by 2030. 

Chinese regulators will likely prioritise to nature-based solutions (NBS) and small-scale renewable energy projects once the national offset programme is brought back to life given growing concerns over additionality, experts told a conference in Singapore Tuesday.

Additional sales of EU Allowances from the Innovation Fund for the bloc's REPowerEU plan will only start in 2024 after the auctioning regulation is updated, a source at the European Commission told Carbon Pulse on Tuesday, thereby withholding up to 40 million tonnes in additional market supply that had been anticipated by experts this year.

Governments seeking to regulate corporate climate claims in a bid to clamp down on greenwashing risks creating conflicting messages from global companies that span different jurisdictions, VCM panellists told the Carbon Forward Asia conference in Singapore on Tuesday.

A US-based forest carbon tech firm is stepping back from project development and shifting strategic focus, laying off nearly half of its remaining workforce after making similar cuts last year amid the global voluntary carbon market downturn.