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Mitsui OSK Lines (MOL) and Shell Marine Products Singapore have agreed to collaborate on maritime decarbonisation efforts, including advancing cleaner fuel-related measures that could have carbon market implications.

While the 2015 Paris Agreement has inspired significant progress in response to climate change, the world is not on track to meet the pact’s long-term goals, according to the UN’s first-ever stocktake of global efforts to tackle the crisis, released Friday.

A review of action on climate since the Paris agreement calls for an end to fossil fuels without carbon capture.

A senior leader at Shell on Friday appeared to reinforce the company’s support for purchasing nature-based carbon credits, despite the oil major having dropped public targets for its credit-buying programme.

European carbon prices advanced moderately in Friday morning trade, threatening to snap a run of six successive daily losses, as the market was supported by a sharp rise in gas prices after workers at two Australian LNG facilities began strike action.

A London-based commercial bank with significant Asia presence is growing its in-house expertise on climate tech in order to identify the early-stage companies with potential for the biggest climate and commercial impact, a conference was told this week.

China’s national carbon markets saw stable prices over the past week with a surge in trading volume as the ETS compliance deadline is approaching, with experts saying that recent policy change to introduce allowance vintages could shape corporate preferences.

Oil company is latest firm to act amid indications that carbon credits do nothing to mitigate global heating

Shell has become the latest large company to pull back from carbon offsets amid concerns many have no environmental impact, it has emerged, as the Carbon Trust discontinues its “carbon neutral” labelling scheme based on offsetting.

The FTSE 100 oil company, one of the leading proponents of carbon offsetting, abandoned targets to invest up to $100m a year in carbon credit schemes and purchase 120m nature offsets a year by 2030 as part of a broader watering down of its climate ambitions in June, the oil major has confirmed.

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The US Open semi-final between Coco Gauff and Karolína Muchová was interrupted by climate protesters early in the second set, with one of the protesters glueing their feet to the floor of the stands at Arthur Ashe stadium. Gauff was a set up and holding serve to open the second when a disturbance broke out in the upper reaches of the stadium and shouting disrupted play. As the players looked into the stands, security staff went into the section around the disturbance. More than a dozen law enforcement officers arrived on the scene and three protesters were removed. Another, who had been handcuffed by police but was affixed to the floor, caused further delay to the resumption of the match as medics attempted to extricate the protester safely

• US Open semi-final interrupted as climate protester glues feet to floor in stands

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Legislation to underpin the national emissions trading scheme and other climate-related programmes have been placed in the "least important" category to deal with by Chinese officials, leaving the world's biggest carbon market unfounded in law for another year as lawmakers prioritise energy security and other issues.

The inaugural Africa Climate Summit was held in Nairobi, Kenya, this week, drawing delegates from across the continent, Europe and the US as well as climate campaigners, who filled the streets outside the convention centre

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Europe-wide formation is partly responsible for Storm Daniel, while the north of the continent has high temperatures

An Omega block has been in place over Europe this week, leading to some extreme weather for many. An Omega block is a synoptic setup consisting of a high-pressure region sandwiched between two low-pressure regions, creating a shape resembling the Greek letter omega.

Storm Daniel developed over the Ionian Sea partly due to this setup, causing devastating flooding across central and eastern Greece. The region’s warm seas at this time of year also helped produce the moisture needed for this storm.

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One of Japan's largest banks has begun intermediary services for the creation and trading of domestically issued J-Credits by partnering with an offset provider, it announced Friday.

The best of this week’s wildlife photographs, including wild horses, a tired falcon and a hungry snake

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Lack of interest was widely expected after government failed to heed warnings about soaring costs

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No new offshore windfarms will go ahead in the UK after the latest government auction, in what critics have called the biggest clean energy policy failure in almost a decade.

Britain’s offshore wind industry suffered a blow after ministers failed to heed warnings from some of the world’s biggest renewable energy developers that the annual auction was set too low to reflect their soaring costs. No energy companies submitted bids for offshore wind projects, the government confirmed on Friday morning.

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The first of 400 federally funded community batteries has been switched on in Sydney on the Ausgrid network.

The post Bowen switches on first of 400 solar soaking community batteries appeared first on RenewEconomy.

Drones and a robot called Spot survey off-limits laboratories at a former arms test site.

It must be springtime! Wind and solar hit new record share of main grid, but curtailment also hits new highs in face of negative prices and insufficient storage.

The post Wind and solar hit record share of main grid, as curtailment underscores need for more storage appeared first on RenewEconomy.

Efficient electric appliances like induction stoves, heat pumps and EVs usually cost more than fossil fuel options. But rebates and financial incentives are available.

The post What rebates are available to help purchase efficient electric appliances? appeared first on RenewEconomy.

Fresh concerns emerge over the soaring cost of building offshore wind, with reports the latest UK government renewables auction has priced projects out of contention.

The post Offshore wind market in turmoil, as UK auction prices out projects, US costs soar appeared first on RenewEconomy.