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The Paris Agreement’s carbon trading rulebook offers ways for non-UN member Taiwan to participate in the emerging Article 6 market, though it would require extensive cooperation from seller countries and updates to domestic legislation, according to experts.

Despite Labor’s increased emissions target, Australia has only improved four places to 55th out of 63 in the annual index

Australia continues to trail other developed countries in addressing the climate crisis, in part due to the Albanese government’s support for new fossil fuel developments, according to an analysis released at the Cop27 UN conference in Egypt.

The climate change performance index, published by Germanwatch, the NewClimate Institute and the Climate Action Network with input from 450 climate and energy experts and campaigners, found Australia was still a “very low performing country”. It ranked 55th on a list of 63 countries and country groupings, up from 59th last year.

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World leaders need to appreciate the importance of local authorities in nations most affected by climate change

When I say Africans are deeply disappointed with Cop27 so far, I don’t want to be misunderstood. There have been real signs of progress, including meaningful shifts towards climate justice by European leaders. But the hope that the global south would have its voice heard by the most powerful nations at this year’s Cop summit has – predictably enough – failed to materialise.

For years now, global climate negotiations have been dominated by world leaders, policymakers and intergovernmental organisations, leaving little space for anyone else. There is not really any impetus to do otherwise.

Ndileka Mandela is a writer, social activist and the head of the Thembekile Mandela Foundation, which focuses on education, health, youth and women’s development in rural villages

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Commodity trading platform Nodal Exchange and environmental products developer IncubEx will launch a Washington carbon allowance futures contract across several vintages ahead of the newest US cap-and-trade market kicking off next year, the companies announced Monday.

In a report announced at the UN's annual climate in Egypt, several countries including Chile, Morocco, and India have emerged as consistently performing well across metrics that consider emissions per capita, policy outlook, and energy use as they edge nearer to leading Scandinavian nations, but no single country was found to be on a 1.5C-aligned pathway.

Solar, storage and VPP specialist, with a host of top-name clients, tumbles into administration.

The post Solar, storage and VPP specialist Verdia tumbles into administration appeared first on RenewEconomy.

EUAs traded yet again in a narrow range during the morning as traders awaited directional signals, while energy prices rose after a major North Sea field suffered an outage.

From clearer definition of goals to new rules to strengthen carbon markets, here are four promising signs of progress at the Egypt climate talks.

The post Four promising signs of progress at the COP27 climate summit appeared first on RenewEconomy.

Dutch government selects zero-subsidy bid for a 760MW offshore wind farm which includes 600MW of onshore electrolysers for production of green hydrogen.

The post Offshore wind farm linked to green hydrogen electrolysers wins auction with zero subsidy appeared first on RenewEconomy.

Australia is pressuring multilateral finance institutions, such as the World Bank, to unlock climate finance for developing nations, as it seeks to re-establish itself as an international leader on the climate change after almost a decade of policy stubbornness on the world stage.

Australia is back as a ‘constructive collaborator’ in negotations, he will tell summit, as he calls for more commitment from institutions

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The Australian climate change minister, Chris Bowen, will use a speech at the Cop27 UN summit in Egypt to call out the World Bank for failing to address the climate crisis, and join calls for the international financial system to be reshaped.

Giving a national statement at the conference in Sharm el-Sheik on Tuesday, Bowen will declare that Australia is back as a “constructive, positive, and willing climate collaborator” since the Anthony Albanese-led Labor party ousted Scott Morrison’s rightwing coalition, which was widely criticised as a roadblock at climate negotiations.

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UN COP27 climate talks hosts Egypt have tasked officials to continue negotiations for two more days before ministers take over, maintaining current formations despite slow-going during the first half of the two-week summit on issues such as Article 6 carbon markets.

ExxonMobil and Indonesian national oil company Pertamina have signed a $2.5 billion agreement to further assess the development of a regional carbon capture and storage hub in Indonesia to sequester CO2 from domestic and international sources, they announced over the weekend.

Monday is water and gender day at the climate conference being held in Sharm el-Sheikh, Egypt

So, obviously Cop27 is a crucial event for the future of the planet, and we are discussing many important and incredibly depressing issues. However, there is still room for a bit of fun, I think.

My colleague Nina Lakhani has noticed how many people at Cop are wearing stunning outfits, dressing colourfully and beautifully each day at the conference centre.

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It’s the second Monday – Gender Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today's news from the summit as well as announcements over the weekend. Timestamps in local time (EEST, GMT+2).

The Asian Development Bank (ADB) has signed a Memorandum of Understanding (MoU) with Indonesian counterparties to explore the early retirement of a coal-fired power station under the bank’s Energy Transition Mechanism (ETM), it announced on Monday.

Leaders from Achuar and Wampis peoples say Petroperú is responsible for spills in their territory

Native leaders from the Peruvian Amazon are to travel to the US this week to lobby banks to cut financial ties with Peru’s state oil company, Petroperú.

Leaders from the Achuar and Wampis peoples say the state company is responsible for oil spills in their territory that violate their human rights by polluting their water sources and irreparably damaging their fishing and hunting grounds.

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Unsettled weather to continue across western Europe and southern Australia forecast to experience unseasonably cold spell

After causing devastation in Florida last week, Hurricane Nicole travelled along the east coast of the US and across the Atlantic towards western Europe as an extratropical cyclone. The remnants of Nicole brought heavy rain and strong winds to Ireland, the UK and parts of northern France during Monday night and Tuesday.

Unsettled conditions are set to continue throughout the next few days across western Europe as several areas of low pressure move in from the Atlantic. These lows are expected to affect areas as far east as Norway and as far south as the Bay of Biscay, and will bring the potential of some localised flooding for the worst affected areas.

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The ETS Officer is responsible for supporting and delivering excellent services to Carbon Forest Services’ client base.

The Max Carbon programme is providing the first opportunity to step back and consider how forests are included in the regulations and how this aligns with the outcomes being sought within the ETS and wider outcomes [e.g. biodiversity, alternative species].