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Only about half the funds required are being provided by rich countries, according to a report by Oxfam

The funding needed by UN climate disaster appeals has soared by more than 800% in 20 years as global heating takes hold. But only about half of it is being met by rich countries, according to a new report by Oxfam.

Last year was the third costliest on record for extreme weather events such as droughts, floods and wildfires with total economic costs estimated at $329bn, nearly double the total aid given by donor nations.

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There are several things we can do to address the energy crisis, but a capacity mechanism is not one of them.

The post What is the real cause of our energy crisis – and what should we do? appeared first on RenewEconomy.

AEMO chief says "getting enough energy into the system" is top of his list of worries - and firmed renewables are the lowest cost way to go.

The post Energy crisis reminds us why we need a rapid shift to renewables, says AEMO chief appeared first on RenewEconomy.

Ahead of a meeting of Australia's energy ministers, a coalition of peak industry bodies call for an accelerated energy transition to "calm chaos".

The post “Calm the chaos”: Peak groups want ministers to accelerate energy transition to address market crisis appeared first on RenewEconomy.

NGOs argue priority list was drawn up without consideration of methane emissions

An EU plan to fast-track funding and permits for 30 gas projects is facing a legal challenge from NGOs including ClientEarth and Friends of the Earth Europe.

The European Commission has been asked to review its backing for infrastructure projects such as the EastMed pipeline, a 1,180-mile (1,900km) gas pipeline to connect offshore gas fields in Israel and Cyprus to Italy.

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Australia finds itself hopelessly ill-prepared and vulnerable to an energy crisis made raw by its continued dependence on fossil fuels.

The post It’s time Labor started waving Angus Taylor’s big stick at energy market appeared first on RenewEconomy.

Finnish company Kempower has redesigned EV chargers to utilise what power is available with as many cars as possible.

The post The Driven Podcast: The end of queue anxiety? appeared first on RenewEconomy.

Joe Biden looks to boost US solar production capacity, as well as green hydrogen and fuel cell production.

The post Biden targets solar, green hydrogen and fuel cells in new manufacturing push appeared first on RenewEconomy.

Global La Niña-like conditions could result in more flooding rains in east Australia and bushfires in south-west US

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Climate change is slowing down the conveyor belt of ocean currents that brings warm water from the tropics up to the north Atlantic. Our research, published today in Nature Climate Change, looks at the profound consequences to global climate if this Atlantic conveyor collapses entirely.

We found the collapse of this system – called the Atlantic meridional overturning circulation – would shift the Earth’s climate to a more La Niña-like state. This would mean more flooding rains over eastern Australia and worse droughts and bushfire seasons over south-west US.

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Tiwi Islands Traditional Owners sue NOPSEMA, after it granted Santos approval to drill for gas despite never consulting with the group.

The post Gas industry regulator sued by Tiwi Islands Traditional Owners over Barossa gas project approvals appeared first on RenewEconomy.

A cross-stakeholder initiative has published highly-anticipated provisional guidelines to help buyers ensure integrity when purchasing carbon credits for voluntary climate pledges, inviting several global firms to ‘road test’ its proposed grading system over the coming months.

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

The Chilean government on Sunday presented details of the country’s much anticipated climate legislation to reach net zero emissions by 2050, and followed this on Monday by announcing collaboration with Canada on carbon pricing initiatives.

California Low Carbon Fuel Standard (LCFS) credit values barrelled towards five-year lows last week as traders thought more downside was likely.

The collapse of the Atlantic meridional overturning circulation would profoundly alter the anatomy of the world’s oceans. New research explores the consequences. Matthew England, Scientia Professor and Deputy Director of the ARC Australian Centre for Excellence in Antarctic Science (ACEAS), UNSW Sydney Andréa S. Taschetto, Associate Professor, UNSW Sydney Bryam Orihuela-Pinto, PhD Candidate, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Standardised technology-based credits lifted for the first time in two months this week while nature-based units again stalled amid moderate trade.

Two startups hope to capture pricing benchmarks in the global shipping market ahead of the sector's expected entry into the EU ETS by offering a set of ocean freight and CO2 prices.

Governments kicked off a two-week UN negotiating session in Bonn on Monday, aiming to spur a boost in national commitments to tackle climate change and push forward on key issues ahead of the UN's main COP27 summit in November in Egypt.

CO2 has not been so high since before hominids walked upright – and are not dropping fast enough to avert catastrophe

The level of carbon dioxide in the world’s atmosphere is now more than 50% higher than during the pre-industrial era, further pushing the planet into conditions not experienced for millions of years, well before the emergence of humans, US government data shows.

The latest measurements showing the relentless upward march of CO2 follows scientists’ new warning that the world may still barrel into disastrous climate change even if planet-heating emissions are drastically cut, which governments are still failing to achieve.

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New research suggests aiming for net zero emissions by 2050 would likely see the world blow past 2 degrees of global warming.

The post “Limited time:” World will lock in 1.5°C warming by 2025 without big emissions cuts appeared first on RenewEconomy.