Symbolic Australia emission credit trade at $19 paves way for new ETS market
22 May 2008
Australia's first symbolic carbon trade has put a symbolic price of $19 a tonne on emissions.
AGL Energy sold Westpac 10,000 tonnes of emissions trading units in a transaction that will settle on February 1, 2012.
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BP profits more than double as Iran war sends oil prices higher
Today 11:30am
BP's profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war.
Renewables in vogue as Iran war drives up Europe power prices
Today 11:30am
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
Leaders face a choice in Santa Marta: Act now or pay more later
Today 11:30am
COMMENT: The latest crisis makes one thing unmistakably clear: the transition away from fossil fuels – and toward clean energy – is the clearest path to affordability, security and resilience.
Canada, Alberta close in on carbon price agreement, sources say
Today 11:30am
Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province's industrial emitters, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains elusive.
India submits new climate action pledges to UN body, flags condition to fulfil promise
Today 11:30am
India has formally submitted its pledge to the UN climate body, underline importing conditions noting the developing countries' committments cannot be fulfilled without adequate support in terms of finance and technology transfer.
Trump administration to pay two more companies to walk away from US offshore wind leases
Today 11:30am
Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States.
Fossil fuel phaseout talks begin with half the global economy
Tue 28 Apr 2026
The world’s first fossil fuel phaseout conference has begun in Santa Marta, Colombia, with 57 countries representing more than half of global GDP, 30% of the world’s population and 20% of global fossil fuel production.
COP negotiations chief on how Iran war oil shock paves road to climate talks in Turkey
Tue 28 Apr 2026
As countries meet at key climate crisis meetings, Australia’s Chris Bowen says war underlines need to move away from fossil fuels.
China’s leadership calls for ‘strict control’ of fossil fuels
Tue 28 Apr 2026
Chinese government leaders published a policy document on 22 April – Earth Day – calling for stricter controls on fossil-fuel consumption and greater oversight of heavy emitters.
US official: No hope for global carbon tax
Tue 28 Apr 2026
A U.S. negotiator warned other countries in a closed-door meeting that efforts to rein in climate pollution from ships has "no prospect" of success.
