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Progress by two countries has helped the EU make more inroads towards completing this year's free carbon permit allocations under the EU ETS.

While ever more global companies are supporting their net zero emissions commitments with science-based pathways, one in four are keeping details on the downlow, according to a survey published Tuesday that points towards a new trend of “going green and then going dark”.

Start-up bought by funds giant BlackRock snares contract to build Waratah Super Battery, now dubbed "most powerful battery in the world."

The post BlackRock’s Akaysha scores coup with contract to build “world’s most powerful” battery appeared first on RenewEconomy.

An Indo-Danish developer of a biochar project announced on Monday the sale of 50,000 tCO2e over five years to a digital carbon marketplace, in what it calls one of the biggest purchase agreements in the carbon removal space.

Processes like La Niña set the scene for the sort of extreme weather that has hit eastern Australia. But what decides which towns and suburbs are hit hardest, and which ones are spared? Ewan Short, PhD Candidate, School of Geography, Earth and Atmospheric Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

A new UK peatlands restoration scheme will guarantee a minimum carbon credit floor price for landowners after teaming up with a carbon finance company, it announced Monday.

The emissions baseline above which airlines will need to buy carbon credits to comply with the UN's CORSIA aviation offsetting scheme will be up for review in 2025, a country representative for the associated ICAO Council told an event on Monday, as speakers broadly agreed that the current level of ambition was not stringent enough to be compliant with a Paris Agreement warming trajectory.

The EU on Monday approved Poland's plan to provide €10 billion to its energy-intensive companies through 2030 to partially compensate the firms for higher electricity prices resulting from the EU ETS.

Twenty countries facing worst impact of global heating set out proposals for loss and damage payments

Rich countries must urgently develop a plan to assist countries suffering the ravages of extreme weather, as failure to take early action on the climate crisis has left them increasingly vulnerable, developing nations have said.

The V20 – made up of the 20 vulnerable countries facing the worst impacts of the climate crisis, and least able to cope with them – set out its proposals on Monday for how rich countries should pay for the “loss and damage” caused by the climate crisis.

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Carbon credit prices continued to retreat over the past week as financial gloom deepened and as participants awaited further clarity from next month's UN climate talks over how the market will integrate with the Paris Agreement.

A team of analysts has trimmed their EUA price forecasts for the next two years as the market is tugged in opposite directions by competing forces, with the prospects of market reform and increased coal burn on one side and the threats of intervention and economic recession on the other.

The voluntary carbon market (VCM) should remain distinct from the sovereign market of the Paris Agreement, a consortium of London players have argued ahead of crunch UN talks at COP27 in Egypt next month.

Telecoms entrepreneur says continent’s people should be allowed to use their vast reserves

One of Africa’s richest entrepreneurs, the telecoms billionaire Mo Ibrahim, has criticised developed countries for seeking to dissuade African nations from exploiting their vast reserves of gas.

Ibrahim told the Guardian in an interview: “We need a balanced and a fair policy for everybody. Gas can be useful to our transition … [Those who say otherwise] are hypocrites.”

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The global aviation industry is at risk of ignoring severe warming effects that come from other harmful greenhouse gases, with most net zero roadmaps overlooking the non-CO2 effects of the forecast rise in demand for air travel, a conference heard Monday.

Rooftop and utility scale solar meet equivalent of all of South Australia's electricity demand for more than six hours on Sunday, as "operational demand" nearly eliminated.

The post Solar eliminates nearly all grid demand as its powers South Australia grid during day appeared first on RenewEconomy.

Backed by most of the key players in the blockchain-based carbon market, a Web3 group on Monday launched a service aimed at improving offset transparency by offering storage options for the attributed underpinning carbon credits.

Rooftop solar provides nearly three quarters of demand in world's biggest isolated grid, sending "operational" demand to record low for third time in eight days.

The post Rooftop solar smashes demand and supply records in world’s biggest isolated grid appeared first on RenewEconomy.

EUAs continued to consolidate in their recent channel early on Monday despite a weak auction, as traders maintained a watching brief for news on the EU's REPowerEU initiative while energy prices weakened as the bloc's gas reserves continue to rebuild ahead of their mandated pace.

Shares in the owner of one of the two main contractors to Snowy 2.0 plunge on Monday after revealing evaporating profits and working capital problems.

The post Snowy contractor shares plunge after it reveals “acute” working capital issues appeared first on RenewEconomy.

An Iraqi minister tells the BBC that air pollution from oil fields is a major health problem.