MARKET LATEST: NZUs $62.67

Friday - The Carbon News NZU Index closed at $62.67 yesterday, an increase of $2.67 on the previous day’s close.

‘A human face on an abstract problem’: international court forced to listen to climate victims

Friday - Marginalised communities have been elevated during hearings in The Hague on impact of climate crisis

A new global carbon trading market could be held hostage by speculators

Friday - Our planet’s future hangs in the balance due to the unabated greenhouse gas emissions from burning fossil fuels. Treating these emissions as something that can be owned and exchanged in a market has been touted as a solution since the early 1990s, when UN negotiations to agree a limit to global heating began. At the latest round of talks in Azerbaijan, countries finally agreed rules for a global carbon credit market.

Greece faced 9,500 forest fires this year, says minister

Friday - About 9,500 forest fires, including one on the outskirts of Athens, consumed nearly 44,500 hectares of land this year, Greece's hottest and driest on record, official said on Tuesday.

Coal will be a central pillar of COP31 wherever it’s held

Friday - In the shadows of COP29, two of the world’s most coal-dependent countries are still bidding to host the UN climate summit in 2026, offering what could be a unique moment to renew focus on coal, write two climate analysts.

EU’s new energy chief vows to end Russian fuel ties for good

Friday - Momentum for quitting Moscow’s revenue driver has stalled. “Something new needs to happen,” Dan Jørgensen told POLITICO.

To fix the world's problems, we need both optimism and pessimism

Friday - Solving challenges like climate change not only requires ambitious targets, but also an honest appraisal of uncertainty and possible failure.

What could a US-China trade war mean for the energy transition?

Thursday - Ahead of Donald Trump’s second term as US president, a rerun of his first trade war with China is firmly on the cards – and minerals key to the energy transition may end up in the crossfire.

Malibu residents flee as wildfire swallows homes along iconic Southern California coastline

Thursday - The beaches are empty in Malibu as a wildfire tears through swaths of the iconic Southern California coastline, consuming homes and vehicles and forcing residents – including legendary actor Dick Van...

A ‘doom loop’ of climate change and geopolitical instability is beginning

Thursday - It is a common refrain to say that geopolitics gets in the way of climate action. From the war in Ukraine to trade tensions, each year seems to bring another immediate priority that diverts focus...

Arctic tundra is now emitting more carbon than it absorbs, US agency says

Thursday - The drastic shift is driven by frequent wildfires, pushing surface air temperatures to second-warmest on record since 1900.

Nimble electric trucks are supercharging African trade

Thursday - In Rwanda, farmers often watch their harvest spoil before it can reach the market. A fleet of simple, efficient trucks is changing that.

Whale makes epic migration, astonishing scientists

Thursday - A humpback whale has made one of the longest and most unusual migrations ever recorded, possibly driven by climate change, scientists say.

Earth’s lands are drying out. Nations are trying to address it in talks this week

Wednesday - Much of Earth’s lands are drying out and damaging the ability of plant and animal life to survive, according to a United Nations report released Monday at talks where countries are working to address...

How climate risks are driving up insurance premiums around the US

Wednesday - ‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts say.

Surging global tourism emissions are driven by just 20 countries – major new study

Wednesday - Surging global tourism emissions are driven almost entirely by 20 countries, and efforts to rein in the trend aren’t working.

Should the polluter always pay?

Wednesday - The answer isn’t as obvious as you might think. It depends on whether your priority is climate justice or cutting carbon.

‘Everything is interconnected’: Author and history professor Sunil Amrith on facing the climate crisis

Wednesday - The Burning Earth is Yale history professor Sunil Amrith’s fifth book, and his first that focuses his academic eye on the climate crisis.

Seagrasses capture carbon 35 times faster than tropical rainforests. Scientists are working to save them

Wednesday - An underwater gardening experiment along the East Coast aims to restore a type of seagrass called eelgrass, at risk of extinction due to rising sea surface temperatures.

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