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Four banks based on separate continents have launched a carbon offset platform, joining several marketplaces aiming to boost transparency in the OTC-based voluntary emissions reduction (VER) market.

The investment management arm of insurance giant AXA has purchased voluntary carbon offset platform ClimateSeed from BNP Paribas.

Brussels may propose waiting until 2026 to gradually phase out free allocation of EU carbon allowances for industry and to fully put an end to the handouts by 2035 at the earliest, according to two draft documents on the planned carbon border adjustment mechanism (CBAM) seen by Carbon Pulse.

New Zealand carbon allowances added another 1.7% to their value on Wednesday as they rose to NZ$46, just a day after they broke through the NZ$45 level for the first time.

Switzerland will raise its domestic carbon tax by 25% next year after its fossil fuel emissions output in 2020 missed the country’s annual reduction targets.

Nearly 700 million people worldwide live in low coastal zones vulnerable to sea-level rise and coastal storms. That number could reach a billion by 2050

A few years ago, after I gave a talk on water and climate change, I had an Arizona rancher come up and ask me if there would be enough water in the future for their livestock or if they should sell out and move north. This week, I received an email from a retiring doctor, who, acknowledging both their privileged economic situation and the personal nature of the decision, nevertheless asked if it “would it be more advantageous/safe to consider moving to coastal Oregon or Washington, rather than staying in southern California” because of rising seas, extreme heat and the growing threat of wildfires. At an Independence Day party this weekend, a couple asked me if they should move from Colorado to Michigan because of growing drought and water shortages in the western US.

Related: My new climate reality? Packing a ‘firebag’ so I can flee at the drop of a hat | Michelle Nijhuis

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Global summit to be held in Glasgow in November will be ‘most inclusive’ ever, says spokesperson

Young people will interview government ministers on stage as part of plans to make this autumn’s climate change summit the “most inclusive ever”, the government has announced.

A whole day will be dedicated to listening to the views of selected young climate activists at Cop26, the global summit due to be held in Glasgow in November. The event will heavily feature the “marginalised generation”, many of whom have said they have been ignored by governments.

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The European Commission has begun to add EU ETS allocation data for the 2021-25 period to the EU Transaction Log, the database that holds details of all EUA allocations and transactions.

Offset issuances and deliveries to the ERF both spiked in the Clean Energy Regulator’s latest data update, while BlueScope Steel has given up on generating any carbon credits from the energy efficiency project at its Port Kembla steelworks.

Grid connections and an unhelpful federal government cited as major reasons for plunge in investor confidence in clean energy to a big low.

The post Grid concerns and “unhelpful” government killing confidence in clean energy appeared first on RenewEconomy.

North America experienced its warmest June on record and experts say the figures are frightening.

Satellite data shows temperature peaks are lasting longer and rising higher

North America endured the hottest June on record last month, according to satellite data that shows temperature peaks lasting longer as well as rising higher.

The heat dome above western Canada and the north-west United States generated headlines around the world as daily temperature records were shattered across British Columbia, Washington and Portland.

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The woods are lovely, dark and deep – at least in the images of Jasper Goodall. In Twilight’s Path, he stays awake to capture nocturnal landscapes in the forests and on the moors of the British Isles

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Keith Pitt slammed for $21m handout to Liberal party aligned gas company, to fund accelerated drilling in the Beetaloo Basin.

The post Pitt slammed for $21m handout to Liberal Party linked Beetaloo gas projects appeared first on RenewEconomy.

AGL to mothball unit at Torrens B gas plant, as the growth of lower cost renewables and storage push ageing gas plants out of the market.

The post Decline of baseload: AGL mothballs gas unit as it prepares first big battery appeared first on RenewEconomy.

Alarmingly for the Morrison government, the public has well and truly registered its lack of action on climate change. Vlad Demsar, Lecturer of Marketing, Swinburne University of Technology Jason Pallant, Senior Lecturer of Marketing, Swinburne University of Technology Melissa A. Wheeler, Senior Lecturer, Department of Management and Marketing, Swinburne University of Technology Samuel Wilson, Associate Professor of Leadership, Swinburne University of Technology Sylvia T. Gray, Research Assistant and Casual Academic, Swinburne University of Technology Timothy Colin Bednall, Senior Lecturer in Management, Swinburne University of Technology Licensed as Creative Commons – attribution, no derivatives.

CopperString 2.0, the proposed high voltage transmission network to connect the State’s North West to the National Electricity Market, is expected to be “shovel-ready” by October.

The post CopperString 2.0 to be “shovel ready” by October appeared first on RenewEconomy.

Anthropogenic warming of climate has been a factor in extreme precipitation events globally, researchers say

Human activity such as such as greenhouse gas emissions and land use change were a key factor in extreme precipitation events such as flooding and landslides around the world, a study has found.

In recent years, there have been numerous instances of flooding and landslides: extreme precipitation, an amount of rainfall or snowfall that exceeds what is normal for a given region, can be a cause of such events.

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Australia's fossil fuel-based electricity oligopoly is being slowly broken down by the influx of wind and solar, regulator says.

The post Australia’s electricity oligopoly is being slowly broken down by wind and solar appeared first on RenewEconomy.

CSIRO to lead a $5 million international research collaboration to advance emerging technologies crucial to low emissions hydrogen industry.

The post CSIRO to lead new international collaboration on “low emissions” hydrogen appeared first on RenewEconomy.