Nasdaq buy-out leads it into emissions trading market
24 Oct 2008
Exchange operator Nasdaq OMX Group has announced that it will use assets from a recent acquisition to move into energy and carbon derivatives.
Nasdaq announced its acquisition of Norwegian electricity exchange Nord Pool this week. The combined companies plan to launch a new offering “Nasdaq Omx Commodities” based on Nord Pool’s energy and carbon derivatives products.
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Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
German court dismisses Peruvian farmer’s climate lawsuit
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The court rejected the argument that the man’s home is at risk from glacial flood. But the ruling is still being claimed as a milestone for climate litigation, as it sets a precedent that polluters may be held liable for the consequences of pollution.
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The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
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The European Commission will tell countries to cut 90 percent of their planet-warming emissions by 2040, but offer “flexibilities” to make the goal politically palatable, according to EU climate chief Teresa Ribera.
Hawaii to make sweeping tourism changes in bid to combat climate change
Fri 30 May 2025
Hawaii has enacted a law to increase taxes on hotel rooms and vacation rentals, with the goal of generating funds to combat climate change effects such as shoreline erosion and wildfires.
Glacier collapse buries most of Swiss village
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The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
Global temperatures could break heat record in next five years
Thu 29 May 2025
Data also shows small but ‘shocking’ likelihood of year 2C hotter than preindustrial era before 2030.
Australia lets biggest LNG plant run to 2070 in climate blow
Thu 29 May 2025
Australia gave preliminary approval to extend the life of its biggest and oldest liquefied natural gas plant for decades, potentially creating billions of dollars in new drilling opportunities but raising questions about the nation’s climate agenda.
For the first time, China invests more in wind and solar than coal overseas
Thu 29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
Indonesia backtracks on coal phase-out in new 2034 power supply plan
Thu 29 May 2025
Indonesia plans to add 69.5 gigawatts (GW) of power capacity by the end of 2034, much of it from renewable sources, but it still expects to add new coal-fired power plants.
