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The world is well off track to limit warming to 1.5C, but there have been some encouraging steps.

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

Hot and wet weather, and the added complications of Covid and the Gaza conflict, have caused more delays for the return of the Callide C coal generator units.

The post Heat and rain delay return to service of Queensland’s busted coal plants appeared first on RenewEconomy.

Wednesday’s quarterly NZ ETS auction declined, completing a year of failed allowance sales – which will result in the entire year’s worth of auction volume being cancelled.

Humanity faces ‘devastating domino effects’ including mass displacement and financial ruin as planet warms

Many of the gravest threats to humanity are drawing closer, as carbon pollution heats the planet to ever more dangerous levels, scientists have warned.

Five important natural thresholds already risk being crossed, according to the Global Tipping Points report, and three more may be reached in the 2030s if the world heats 1.5C (2.7F) above pre-industrial temperatures.

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Analysis by more than 200 researchers from around the world, published on Wednesday, has warned of a series of potential negative tipping points for the climate while setting out opportunities to try to create positive tipping points, for instance by phasing out fossil fuels.

Least cost, cross-industry innovation, a favourable geologic landscape for carbon storage opportunities, and beneficial tax treatment make Alberta a hub for net zero industrial products, the provincial premier said at a panel discussion on Tuesday at COP28 in Dubai.

Producing corn ethanol emits GHGs and using a carbon capture plant at a biofuel facility doesn't result in a net-carbon removal, argued a climate modelling non-profit.

Albanese government announces at Cop28 it will phase out offshore support for coal, oil and gas within a year

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The Australian government has been praised for joining a global partnership committed to stopping billions of dollars in foreign aid and loans being spent on fossil fuel expansion, but the decision has also prompted renewed calls for it to reconsider polluting subsidies at home.

The Albanese government announced at the Cop28 climate summit that it had joined 40 other countries in signing up to the clean energy transition partnership, an agreement first reached in Glasgow two years ago.

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A Canadian fund to develop offset projects for the North American compliance and voluntary carbon markets has surpassed its initial fundraising target of C$115 million ($84.6 mln).

Market participants were divided over whether the December RGGI auction would clear above or below the Cost Containment Reserve (CCR) trigger price, but even participants who were expecting extra volume said it was unlikely to sell out.

A Dutch NGO has called for the abolishment of the voluntary carbon offset industry, highlighting what it sees as a myriad of fundamental flaws that go to straight the heart of the system.

Lawmakers introduced a new bill in Washington’s Senate on Tuesday, looking to loosen cap-and-invest programme requirements for biofuels in the state.

Most market observers expect Washington’s final cap-and-trade current vintage auction for 2023 to settle above the Allowance Price Containment Reserve (APCR) Tier 1 price and consequently trigger a reserve permit offering for the third time this year.

The opportunity exists for a suitably qualified candidate to take a leading role in the company's next growth stage. As the Quality Manager you will spearhead the implementation and adherence of international standards (ISO14064-2 in particular), ensuring the development of high-integrity carbon credits.

Two major UK-based companies have invested in a soil carbon measurement startup, according to media reports.

A definitive deal between the EU and the US involving the decarbonisation of the steel and aluminium industries is likely to be postponed until after next year's elections in both places, as fundamental differences between the two sides have emerged and the EU's carbon border adjustment mechanism has complicated matters.

Negotiations over the Global Arrangement on Sustainable Steel and Aluminium (GSA) remain stuck in a complex impasse, necessitating substantial concessions that neither the EU or US is willing to provide, writes Irina Kustova, Research Fellow at Centre for European Policy Studies (CEPS).

Most Aussie homes are not suited to the current climate, let alone future extremes. But they can be upgraded. A new report identifies the most common housing types and benefits of renovating. Gill Armstrong, Researcher in architecture and urban planning, Climateworks Centre Michael Ambrose, Research Team Leader, CSIRO Licensed as Creative Commons – attribution, no derivatives.

New South Wales had a big month of renewables in November, dominating the charts for the best performing big solar generation assets.

The post NSW shines in November as coal state claims best performing solar farms appeared first on RenewEconomy.