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Oil major ExxonMobil announced on Thursday it has purchased a US-headquartered carbon capture, utilisation, and storage (CCUS) solutions company with a vast network of CO2 pipelines across the South.

A Washington lawmaker on Thursday said New York should not emulate the Evergreen State’s 10% allowance purchase limit for compliance entities at cap-and-trade auctions, noting he hopes to revisit the rule in the next legislative session.

Two oil majors will pay a combined €12.6 billion for the right to build wind farms in the North and Baltic seas in world’s largest ever offshore wind auction.

The post Oil majors pay €13-bln entry fee in “quantum leap” for offshore wind energy appeared first on RenewEconomy.

There is already a blueprint for a reliable network of charging stations. The industry can learn a lot from the petrol station giants – plus its chargers can harness the powers of digital technology. Kai Li Lim, St Baker Fellow in E-Mobility, The University of Queensland Scott Hardman, Professional Researcher, Electric Vehicle Research Center, University of California, Davis Licensed as Creative Commons – attribution, no derivatives.

The Asia Society Policy Institute, a solutions-oriented think and do tank headquartered in New York with an office in Washington, D.C., seeks an Associate Director as part of the clean energy transition pillar of a new and innovative China Climate Hub that will produce cutting edge and rapid response analysis of developments related to China’s climate policies; and undertake various behind-the-scenes work to support the international community’s understanding of and engagement with China’s climate action agenda.

Energy secretary indicates cooling of government aspirations as concerns grow over costs, safety and efficiency

Controversial UK government aspirations to replace gas boilers in some homes with a hydrogen-based alternative are likely to be scrapped, Grant Shapps, the energy minister, has indicated.

Shapps said he believed hydrogen would form part of Britain’s overall energy mix but predicted it was “less likely” that the gas would be routinely piped into people’s homes, amid growing concerns about cost, safety and perpetuating a reliance on fossil fuels.

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The UN body with a mandate to shape carbon crediting under Article 6 of the Paris Agreement has signalled that draft recommendations on removals are to be prepared by the end of August as it scrambles to ready guidance before the UN's main COP28 climate summit at the end of the year.

Brazil's national cap-and-trade legislation will pass Congress by the time the country hosts the COP30 UN climate summit in 2025, a government official said Wednesday.

A Vancouver-headquartered environmental asset investor on Thursday announced it is aiming to combine with another company in order to pursue a listing on the US-based Nasdaq Stock Exchange.

Governments should use all means necessary for decarbonisation, said the president of the upcoming COP28 UN climate summit, Sultan al-Jaber said on Thursday while unveiling his long-awaited plan for the meeting.

Climactic event will almost certainly strengthen throughout the year, US climate scientists predict

Mild El Niño climatic conditions brewing in the Pacific Ocean will strengthen throughout the year, with an outside chance of a record-breaking event that will further turbocharge already sweltering temperatures around the globe, scientists have forecast.

Last month saw a “weak” El Niño form, a periodic climatic event where the circulation of the equatorial Pacific Ocean shifts and its temperature rises, causing knock-on heat around the world, according to an update from the National Oceanic and Atmospheric Administration (Noaa).

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Britain and Switzerland among countries that need to adapt most for heating, says research looking at impact of 2C global rise

The UK and Switzerland will see a 30% increase in the number of days of uncomfortably hot temperatures if the world heats by 2C, and are two of the countries which need to adapt the most for global heating, scientists have predicted.

The research, published in Nature Sustainability on Thursday, found that while central Africa will see the most extreme temperatures overall, it is mostly northern European countries that will experience the greatest relative increases in uncomfortably hot days.

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New analysis has warned against Australia adopting legislation to allow the transboundary transport and underground storage of CO2, claiming it will encourage more investment in CCS, which the analysts argue is a failed technology that must be abandoned.

More than three-quarters of all oil and gas production in the US Gulf of Mexico features lower greenhouse gas intensity than the average for the basin, according to a new analysis.

A California-based startup that produces water from removed CO2 has signed strategic partnerships with ConocoPhillips, JetBlue Ventures, and Shell Ventures, securing more than $80 million in multi-year investments towards developing its innovative technology.

European shipping emissions rose 3% year-on-year in 2022 though remained below pre-pandemic levels, according to analysis published on Thursday that shows LNG-carriers and cruise ships to be the main drivers of the increase for the sector due to face ETS obligations from next year.

The European Commission on Thursday announced the results of the third call for large-scale projects under the bloc’s EU ETS-financed Innovation Fund, with €3.6 billion being disbursed to 41 clean tech activities.

European carbon prices resumed their week-long rally on Thursday morning after the previous session's interruption, as traders began to factor in the annual reduction in auction supply due next month and continued to shrug off bearish fundamentals highlighted in recent analyst reports, while energy markets eased for a fourth day.

Indonesia could earn as much as $400 billion annually by 2030 in industry revenue and carbon credit sales if it optimises its massive green growth potential, according to a report released Thursday.

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