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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.

Bird keepers in England, Scotland and Wales must implement biosecurity measures, the government says

The global pipeline for carbon capture and storage (CCS) has grown to a new record level of 196 projects, according to the latest status report from an industry group, although the total capacity of facilities either operating, under construction, or in development still accounts for a small fraction of global GHG emissions.

The spot price for Australian Carbon Credit Units (ACCUs) has steadily dropped off in recent weeks, even as steady demand for Chevron has pushed the cancellation tally for the domestic credit above the 1-million mark for the first time.

Blue carbon projects could potentially be worth more than agricultural land, thanks to its potentially massive carbon sequestration potential and keen investor interest, according to an Australian carbon consultancy.

Climate crisis may explain fights as disappearing ice fuels interspecies competition – with goats nearly always winning

In one corner, there is the agile climber with steak knife-like horns. In the other is America’s largest wild sheep. They are locked in significantly one-sided combat in the mountains of the US west, scientists have found, in a battle over resources uncovered by the region’s vanishing glaciers.

In study sites across a 1,500-mile span of the Rocky Mountains, scientists have documented mountain goats and bighorn sheep competing over mineral deposits among the rocks, at elevations of up to 14,000ft.

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The Country Director - Zambia will be responsible for coordinating project activities across sites within Zambia.

Did the wall around the racecourse make the floods worse for everyone outside? We may never know

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This position will prioritize solutions-oriented outcomes that aid in the development of carbon project work and its supporting systems.