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A comprehensive review of all “feasible” routes to staying below 1.5°C confirms what the IEA has already said: There can be no new coal, oil or gas.

The post New fossil fuels “incompatible” with 1.5°C goal, analysis confirms appeared first on RenewEconomy.

A daily summary of our news plus bite-sized updates from around the world.

Market infrastructure provider Xpansiv has been granted an Australian financial services licence that will allow it to launch Australian Carbon Credit Unit (ACCU) products on its CBL platform, the company announced Tuesday.

The top European gas analyst at S&P Global Commodity Insights has joined BNP Paribas as a London-based strategist covering carbon.

Permits covering more than 300 million tonnes of CO2 were surrendered during the first year of Germany’s domestic emissions trading scheme, the government announced Monday.

California gasoline sales in July climbed slightly from June but still remained below 2021 totals, while diesel consumption fell from last month’s year-to-date high, according to state data released Monday.

An international engineering firm has announced it will acquire an Australian carbon analysis and consulting firm in order for both to mutually benefit from their respective skillsets.

The EU aims to increase the ambition of its nationally-determined contribution (NDC) to the UN Paris Agreement in light of its ongoing work to strengthen domestic climate policies, the bloc's ministers said Monday in agreeing the bloc's mandate for the COP27 UN climate negotiations in Egypt next month.

Switzerland has received more than 20 million UN-backed carbon credits that the government will use to cover its 2013-2020 emissions target under the UN Kyoto Protocol, the transferring body confirmed on Monday.

Australia has a mammoth opportunity to bring downstream mineral processing back onshore – and risks a huge opportunity cost if we do not act.

The post Australia’s mammoth renewable minerals opportunity – and how to harness it appeared first on RenewEconomy.

Standardised voluntary emissions reduction (VER) prices lost as much as a fifth of their value over the past week, amid ever-growing concerns that companies would put offset buying on the back burner as they grapple with major macro-economic woes.

A US carbon removals marketplace has teamed up with a global life science conglomerate to expand its offsets platform for farmers that adopt a suite of sustainable agricultural practices, the firms announced on Monday.

Saudi Arabia's public investment fund (PIF) will auction carbon credits generated from 16 projects on Tuesday, according to sources familiar with the situation, as the country announced the creation of a firm to manage its voluntary carbon market activities and spur efforts to become a regional hub.

Local councils are on the front line in a planning system that lacks an up-to-date planning framework to properly assess flood risks and prepare responses. Mark Ellis, PhD Candidate in Planning, Bond University Licensed as Creative Commons – attribution, no derivatives.

Climate change shouldn’t be used as a “get out-of jail free” card to excuse bad decision-making and poor planning decisions. Quentin Grafton, Australian Laureate Professor, Crawford School of Public Policy, Australian National University Gilad Bino, Senior lecturer, UNSW Sydney John Williams, Adjunct Professor Long Chu, Associate Professor, Crawford School of Public Policy, Australian National University Richard Kingsford, Professor, School of Biological, Earth and Environmental Sciences, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Discovery raises hopes that species may be able to survive global heating despite slower genetic evolution due to their long lifespan

Narwhals have been delaying their seasonal migration because of the impact of the climate crisis, suggesting an ability to adapt to the changing Arctic but increasing the risk that they may become trapped in ice, according to new research.

Narwhals, recognisable by their long spiralled tusk that has earned them the nickname “unicorns of the sea”, inhabit the Arctic waters of Greenland, Canada and Russia. They are a migratory species that spend summer months in ice-free coastal areas before moving to deeper waters between late September and mid-November.

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Wind energy sets new record share of 75 per cent of demand in the state of Victoria.

The post Graph of the Day: Wind energy delivers three quarters of Victoria’s demand for first time appeared first on RenewEconomy.

Canadian investment bank TD Securities (TDS) has hired a North American carbon and VER trader from Australia-based financial services firm Macquarie.

Three veteran European carbon analysts are leaving Refinitiv to join a rival market intelligence firm that is assembling a crack team of emissions trading experts, Carbon Pulse has learned.

It is crucial the capacity built under the 250-plus methodology CDM is used rather than starting from scratch for the mechanism under UN Paris Agreement Article 6.4, experts told an event on Monday, stressing the need for pragmatism given the time pressures and complexity of the task ahead.