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Golden CCOs (G-CCOs) with direct-environmental-benefits to the state (DEBs) have been selling at a premium to California Carbon Allowances (CCAs) due to the recent price rout in the joint California-Quebec carbon market, while regulator ARB's compliance-grade offset issuance increased in June compared to the prior two-week period.

A third of the world's 20 largest fossil fuel-producing countries made no mention of oil, gas, or coal in their last round of Paris Agreement pledges, while those that do mention it talk, explicitly or implicitly, about a continuation or increase in production, according to analysis published on Thursday.

Costing new sources of electricity sounds simple. But it’s enormously complicated – and CSIRO’s GenCost report promises certainty it cannot deliver Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University Licensed as Creative Commons – attribution, no derivatives.

Snowy 2.0's trouble-laden tunnel boring machine still stuck in hard rock a month after coming to latest halt, as contractors try to blast their way through with high pressure water jets.

The post Snowy 2.0 boring machine Florence now stuck for a month in hard rock appeared first on RenewEconomy.

Farmers are going all electric and grazing cattle under solar arrays. It's an antidote to claims that renewables and agriculture cannot exist.

The post Cattle among the trackers and all-electric cherries: The shift to solar and fossil fuel free farming appeared first on RenewEconomy.

A longstanding UK consumer support scheme for low-income or fuel-poor households that requires energy providers to make payments toward household decarbonisation will expire in 2026, with no substitute in sight and political support unclear ahead of the general election. 

A surge in "conflict carbon" from Russia's invasion of Ukraine – from burning forests, blown up oil and gas structures, infrastructure built to fortify the front lines, and more – could cost Russia billions of dollars in additional reparations, according to research published on Thursday and backed by the Ukrainian environment ministry.

Even the big oil companies are predicting global demand will decline within decades. With investment in oil exploration projected to decline too, New Zealand should be putting its energy elsewhere. Jen Purdie, Senior Research Fellow, Centre for Sustainability, University of Otago Licensed as Creative Commons – attribution, no derivatives.

Negotiators in Bonn have left all the remaining major topics on Article 6 still open for November's COP29 in Baku, with a heavily bracketed text on international trade rules leaving some sceptical that any progress was made at the inter-sessional event.

Oxy Low Carbon Ventures, a subsidiary of oil major Occidental (Oxy), and fusion energy developer TAE Technologies announced Tuesday they will partner on the development of technology to provide emissions-free power and heat to direct air capture (DAC) facilities.

The Financial Accounting Standards Board (FASB) on Wednesday unanimously voted to standardise how US companies account for environmental credits including carbon offsets.

Companies' desire to be “quick and flexible” in meeting net zero targets may opt out of the Science-Based Targets initiative (SBTi), following recent internal controversy regarding the eligibility of voluntary carbon credits in offset of Scope 3 emissions under SBTi targets, conference attendees heard Wednesday.

Researchers found blood-lead levels in sparrows were a predictable indicator of blood-lead levels in children – showing how humans and nature are inextricably linked. Max M Gillings, PhD Candidate, School of Natural Sciences, Macquarie University Mark Patrick Taylor, Chief Environmental Scientist, EPA Victoria; Honorary Professor, School of Natural Sciences, Macquarie University Simon Griffith, Professor of Avian Behavioural Ecology, Macquarie University Licensed as Creative Commons – attribution, no derivatives.

Carbon taxes are widely regarded as essential tools in the fight against climate change, but new research highlights significant differences in how they impact households across Europe, challenging the notion that they are uniformly regressive.

The market for off-grid solar is booming in Australia as panel prices drop and customer scale up installation ambitions.

The post Plunging solar module prices drive massive boom in off-grid renewable projects appeared first on RenewEconomy.

Washington's Q2 current vintage auction settled almost $6 above the scheme’s floor price, against most market expectations, with limited speculative participation amid uncertainty surrounding the future of the state’s carbon market.

Climate change is increasing the risk of wildfire across the US, a new study shows, with extreme conditions once considered rare now occurring with disturbing frequency.

Leaders of the G7 group of developed economies are gathering on Thursday (June 13) for their annual meeting, with a host of global crises on the agenda to keep them busy.

The G7 summit starting on Thursday, just a few days after European elections, lays bare security issues and high-level geopolitics as the main obstacles towards phasing out fossil fuels and reaching the Paris climate goals.

The burden of transition on economically insecure voters must be eased via a more ambitious fiscal approach by governments

Following the European parliament elections of 2019, the newly elected president of the European Commission, Ursula von der Leyen, told MEPs: “If there is one area where the world needs our leadership, it is on protecting our climate … We do not have a moment to waste. The faster Europe moves, the greater the advantage will be for our citizens, our competitiveness and our prosperity.”

Five years on, all that remains true, and the urgency of taking decisive action is even greater. Last week, the United Nations general secretary, António Guterres, warned that the world faced “climate crunch time”, referring to new data revealing that the crucial 1.5C threshold for global heating was breached over the past year. But the politics of climate action in Europe is lurching in the wrong direction at alarming speed.

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