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MARKET LATEST: $64.03

Today 11:15am - The Carbon News NZU Index closed at $64.03 yesterday, a $0.02 increase on the previous day’s close.

Wake up and smell the coffee: rising food prices show destabilising impact of climate crisis

Today 11:15am - Your morning – and afternoon – coffee is the latest staple threatened by climate chaos: the price of quality arabica beans shot to its highest level in almost 50 years last week amid fears of a poor harvest in Brazil.

Agribusiness-friendly states in Brazil try to undo forest protections

Today 11:15am - Several states in Brazil are trying to rid themselves of rainforest protections, bowing to pressure from cattle ranchers and soybean growers to cut down trees and expand agriculture.

Jeff Bezos wants AI to design your Christmas turkey

Today 11:15am - If you care about the climate but you’re looking forward to gobbling down some turkey, Jeff Bezos has a proposition for you: let artificial intelligence design a tastier meat alternative.

We have officially advised our university to ditch carbon offsets – and focus on cutting emissions

Today 11:15am - Some would say carbon offsetting offers us a way out. At the University of Exeter we have explored the role of carbon offsets in the university’s very ambitious target of net zero by 2030.

Can we avert the looming food crisis of climate change? Mathematical model reveals critical threshold

Today 11:15am - Human activities are causing atmospheric carbon dioxide levels to rise, which increases the global average surface temperature—and poses a threat to crop growth. Escalating concerns about climate change's impact on global food security inspired researchers from Banaras Hindu University in India to create a way to explore how these factors influence crop yields.

Countries fail to reach agreement in UN plastic talks

Monday - Countries negotiating a global treaty to curb plastic pollution failed to reach agreement on Monday with over 100 nations wanting to cap production while a handful of oil-producers were prepared only to target plastic waste.

Footballers to compete in 50°C heat at 2026 World Cup, study warns

Monday - Most of the World Cup venues in North America are at high risk of excessive heat, according to new research.

Spain’s new ‘climate leave’ gives workers four days off during extreme weather

Monday - The law on paid leave protects the rights of workers not to go to work in the event of catastrophes or climate-related weather alerts that could put them in danger.

France, Germany, Sweden urge EU battery sector push to avoid China reliance

Monday - France, Germany, and Sweden have jointly urged the forthcoming European Commission (EU) to prioritise the autonomy of the EU's battery sector to avoid over-reliance on China amid the green transition.

Albanese government says Australia on target to reduce emissions – but campaigners say it could do more

Monday - Departmental analysis includes contentious measurements but climate minister says government is cleaning up after ‘decade of denial, delay, dysfunction and utter neglect’.

COP29: Climate change could kill millions — and world leaders must work to limit fatalities

Monday - The COP29 climate change conference has come to a close — as per normal it looks like very little will be done.

Global plastics pact “hangs in balance” as petrostates block talks

Friday - Major fossil fuel-producing countries are blamed at negotiations in Busan for opposing curbs on plastic manufacturing, a key market for oil and gas.

Climate-vulnerable nations look to world's top court as COP29 ends in bitter truce

Friday - Disappointed in the outcome of COP29, nations on the frontlines of the climate crisis will get their day in court this December.

Thirty-five million Africans driven from homes by war and climate disasters – report

Friday - Data shows a threefold increase in internal displacement across the African continent since 2009, with flooding and drought posing a growing threat.

Fossil fuel supply: the elephant in the room at climate change conferences

Friday - It seems completely inappropriate to sing the praises of fossil fuels at an international gathering that aims to radically reducing greenhouse gas emissions.

The Biden administration put $7 billion into 'hydrogen hubs'. Critics smell a boondoggle.

Friday - Many experts question hydrogen’s cost and efficacy in reducing CO2 emissions.

Exxon lobbyist investigated over hack-and-leak of environmentalist emails

Friday - The FBI has been investigating a longtime Exxon Mobil consultant over the contractor's alleged role in a hack-and-leak operation that targeted hundreds of the oil company’s biggest critics, according...

Japan eyes cutting emissions by 60% by 2035 from 2013 levels

Thursday - The Japanese government said Monday it is considering cutting greenhouse gas emissions by 60 percent by fiscal 2035 compared with fiscal 2013 levels.