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Two oil majors have teamed up with a UK-headquartered firm on the construction of carbon capture and storage (CCS) facilities in Malaysia, the companies announced Tuesday.

Guyana President Irfaan Ali announced this week at a national assembly on Indigenous affairs that the government would increase the percentage of carbon proceeds for Amerindian communities, counterbalancing lower earnings in 2024, according to local sources.

Nearly half of the German population disapprove of the current domestic approach to CO2 taxation in transportation and heating, according to a new survey.

European carbon prices rose to their highest in 12 weeks amid an increase in buying interest as coal-fired power continued to make inroads into gas' share of the market, while a pause in the auction schedule on Wednesday added to the bullish sentiment and appeared to trigger some short-covering.

A provincial government body in Sarawak state in Malaysia has entered into several partnerships for the exploration and development of carbon offset projects based on nature-based solutions (NbS), renewable energy, and biodiversity conservation.

US-based environmental credit platform Regen Network Development is trialling a feature to enable the publishing of project data, connected to blockchain, in a bid to improve the storytelling around their environmental credits.

An advanced market commitment for carbon dioxide removal (CDR) has released a standardised offtake agreement template for deals in the nascent technology sector.

Voluntary carbon standard Verra has updated its Jurisdictional and Nested REDD+ (JNR) Framework in order to align with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP) label, the standard announced Tuesday.

Japan has selected around a dozen climate and environment projects across Southeast Asia that will receive government funding, including programmes promoting the development of biochar, sustainable aviation fuels (SAF), and methane emissions reductions from rice production.

The coalition government’s decision to follow the Climate Change Commission’s advice on emissions trading scheme price settings and auction volumes has been broadly welcomed, participants told a conference Tuesday, but key issues relating to the scheme have yet to be resolved.

The Malaysian government is looking into implementing a carbon tax, particularly on big-emitting industries, and plans to attract green investments into the country, an official told a media conference Tuesday.

The biggest battery project in South Australia has been licensed and registered, paving the way for testing and commissioning.

The post South Australia’s biggest battery achieves key registration and licence approvals appeared first on RenewEconomy.

Appearance of dark crimson underwing causes excitement on land that would be bisected by road scheme

Beneath oak canopies, in an orchard full of hundred-year-old apple trees, excited exclamations rose from a group of moth enthusiasts last week.

The Cambridgeshire Moth Group had just trapped a dark crimson underwing, a species so rare that none of them had ever seen it before. Indeed, the colourful invertebrate is only usually ever found in the New Forest and is considered nationally scarce.

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Form Energy gets funds for groundbreaking 8.5 GWh iron-air battery, which will be capable of up to 100 hours of storage and will be the world's biggest battery.

The post Low-cost iron-air technology to feature in world’s biggest battery project in US appeared first on RenewEconomy.

Alex Wonhas, the former head of engineering and system design at AMEO, says a rethink of the way we use big batteries could help get the energy transition back on track.

The post “We need to think differently about storage:” How big batteries can ease the transmission burden appeared first on RenewEconomy.

New "headroom" study suggests nearly 2 GW of extra wind, solar and battery capacity can be hosted in Australia's first renewable energy zone.

The post NSW says an extra 2 GW of wind, solar and storage could be hosted in first renewable energy zone appeared first on RenewEconomy.

Nature can provide solutions to problems such as biodiversity loss and climate change. But the best nature-based solutions are resilient to disturbance such as fire or drought and future change. Rachel Standish, Associate Professor, School of Environmental and Conservation Sciences, Murdoch University Tina Parkhurst, Research Fellow, School of Agriculture, Food and Ecosystem Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

South Korea's national oil and gas company has decided to set up a carbon capture and storage (CCS) business, with plans to promote projects both at home and abroad, local media reported.

Melbourne-based industry fund has tipped more than $2 billion into renewables over the past two years, but the investments have all been in overseas markets, not in Australia.

The post One of our biggest asset managers is tipping billions into renewables – but not in Australia appeared first on RenewEconomy.

Lack of liquidity and near-term weather were some of the main drivers of RGGI Allowances (RGA) in the secondary market this week that traders deliberated as prices held north of $27.