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Finnish energy company Fortum is on track to meet its own climate targets after striking a deal to sell coal assets, the company said in results on Tuesday despite reporting a major rise in emissions.

California regulator ARB will ask for stakeholder feedback on Tuesday about whether to set a more ambitious 2030 carbon abatement goal during the 2022 Scoping Plan process, while also contemplating other mechanisms to drive emissions reductions in the Golden State.

Extreme weather events widen existing inequalities and traumatise victims while climate anxiety affects mental health

Medical students are demanding their schools include the climate crisis as a core component of the curriculum, as the intensifying climate emergency highlights the corresponding health crisis.

Hannah Chase, a final year medical student at Oxford said the sense of urgency hit home recently when a fellow student confessed they didn’t believe in climate change. “It just shows that we make such assumptions,” said Chase. “It’s needed, this education.”

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EUAs struggled to overcome their recent high in early Tuesday trading, while natural gas prices shrugged off early losses triggered by reports of increased flows of Russian gas into Europe.

The fate of a planned line from Uganda to Tanzania will be the first test of whether anyone was listening to António Guterres’ call to end fossil fuels

If there is one world leader trying to look out for the planet as a whole, not just their own nation, it’s the UN secretary general. Last week, António Guterres was resolute in the wake of the damning report from the IPCC on the perilious climate crisis. It should, he said, sound “a death knell for coal and fossil fuels, before they destroy our planet”.

He called for an end to “all new fossil fuel exploration and production”, and told countries to shift fossil fuel subsidies into renewable energy.

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The Beijing municipal government on Tuesday unveiled a five-year plan for hydrogen, which included developing a methodology to allow clean hydrogen to earn carbon offsets.

Experts warn of potential for disaster as Exxon pursues 9bn barrels in sensitive marine ecosystem

ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to adequately prepare for possible disaster, the Guardian and Floodlight have found.

Exxon has been extracting oil from Liza 1, an ultra-deepwater drilling operation, since 2019 – part of an expansive project spanning more than 6m acres off the coast of Guyana that includes 17 additional prospects in the exploration and preparatory phases.

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Developer South Pole has partnered with a local community group to establish nature-based offset projects in New South Wales, Australia.

China is hopeful institutional investors will be able to trade in the national emissions trading scheme by year-end, an exchange official told state media this week, a move considered vital to ignite the market’s liquidity.

The EU’s proposed carbon border adjustment mechanism (CBAM) will only have marginal impacts on Australian exports, and could even boost the country’s competitiveness in Europe in the near term, the Australian industry (Ai) Group said Tuesday.

China’s national emissions trading scheme could drive reductions of 30-60% of the nation’s current carbon output by 2060, though is unlikely to have much impact in the near term, found a report released Tuesday.

Flooding, droughts and wildfires will worsen as global heating disrupts the planet’s water cycle

Water problems – drought, with its accompanying wildfires, and flooding – are likely to become much worse around the world as climate breakdown takes hold, according to the biggest assessment of climate science to date.

Global heating of at least 1.5C is likely to happen within the next two decades, according to the Intergovernmental Panel on Climate Change. Temperature rises will be accompanied by big changes in the planet’s water cycle, with areas that are already wet becoming much wetter, and already arid areas becoming prone to greater drought. Extreme rainfall intensifies by 7% for each additional 1C of global heating, the report found.

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Mild conditions deliver a new winter demand "low" on Sunday, the new, rooftop solar inspired bête noire for the market operator.

The post Spring is in the air as Australia’s main grid sets record low for winter demand appeared first on RenewEconomy.

"Big Pharma" is enjoying a much-needed reputational boost off the back of Covid-19 vaccines, and it is now dosing up on climate action and renewable energy.

The post Big Pharma rides vaccine boost with switch to 100 per cent renewables appeared first on RenewEconomy.

Australia’s solar market is seeing a significant shake-up of top-selling inverter and panel brands, as retailers struggle against multiple pricing pressure points.

The post Shipping blues: Solar PV price crunch drives shift to lower-cost suppliers appeared first on RenewEconomy.

Protected area delivered a tenfold return on investment, with benefits for fishing, biodiversity and tourism

A marine protection area established off the coast of Mallorca is proving beneficial not just for the environment but for business, too, according to a study that appears to confirm the long-term benefits of MPAs for both habitats and economies.

According to the study, carried out by the non-profit Marilles Foundation, the protected area has generated €10 in benefits for each euro of the €473,137 (£402,000) invested in the scheme.

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Key business group plays down threat of carbon border adjustment mechanisms, but warns net zero pledges will slash demand for Australian coal and gas.

The post Net zero pledges, not border taxes, are biggest threat to Australia’s fossil fuel exports appeared first on RenewEconomy.

Santos says its flagship CCS project needs a carbon price, and it is counting on a $70/tonne price by 2030.

The post Santos counts on $70/tonne carbon price for flagship CCS project appeared first on RenewEconomy.

"Get on with it, or to get out of the way." NSW energy minister Matt Kean warns LNP leaders to act on climate change, or risk getting voted out.

The post “Failure not an option”: Kean wants voters to send message to leaders failing on climate appeared first on RenewEconomy.

Australia’s usual approach to big international negotiations is to hold out, before reluctantly making “concessions”. It’s the wrong approach for trade, and the wrong approach for climate change. Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University Licensed as Creative Commons – attribution, no derivatives.