Around The Web
FEATURE: Climate finance, not offsets, increasingly seen as a nature-based solution as critics persist
After a bumper wet season, huge flocks of budgerigars are on the move in the deserts of the Northern Territory
The humble budgerigar has transformed the red centre into a sea of green and gold.
A massive murmuration – the phenomenon of thousands of birds flocking together – has swarmed the Northern Territory.Continue reading...
Heavy police tactics, punitive bail conditions, private lawsuits and anti-protest laws are being used to silence dissent, human rights advocates say
As protesters obstructed coal trains bound for the Port of Newcastle for days, the local environment centre kept its distance.
But after two weeks of disruptions caused by Blockade Australia, police officers arrived at the Hunter Valley Environment Centre on a Friday afternoon last month with a warrant to search the premises and a nearby sharehouse.Continue reading...
Britain won’t convince anyone else to ditch fossil fuels when it won’t do so itself
Does the decision by oil giant Royal Dutch Shell to pull out of the Cambo oilfield mark the end of oil and gas investment in the North Sea? For the planet’s sake, one would hope so. However, it may be more realistic to see Shell’s act as a first victory in a longer war to keep hydrocarbons in the ground. Campaigners say that there are dozens more offshore oil and gas fields coming up for approval in the next three years. To keep the climate safe and limit global temperature rises to 1.5C, none ought to go ahead. Oil majors have lost the battle for public opinion in Scotland and this has dramatically altered the calculations for the ruling Scottish National party, which for decades ran on oil. Without supportive politics, and with the science against them, oil majors – this time – bowed out.
Despite that, and despite brandishing its credentials as a climate champion at Cop26 in Glasgow last month, the UK government still wants extractive industries to suck the seabed dry. Rather than joining an alliance of nations – led by Denmark and Costa Rica, and including France and Ireland – which have set an end date for oil and gas production and exploration, Boris Johnson will allow companies to keep exploring the North Sea for new reserves.Continue reading...
New initiatives could give bankers the tools to help their clients fund and manage the green transition
The recent United Nations Climate Change Conference (Cop26) in Glasgow was, it seems, a historic success. We have this on no lesser authority than that of the UK prime minister, Boris Johnson, who happened to be the meeting’s host. The Cop26 president, Alok Sharma, also was upbeat afterward regarding the 2015 Paris climate agreement’s target of limiting global warming to 1.5C above pre-industrial levels. “We set out by saying we wanted to keep 1.5C within reach,” Sharma said. “We did do that.” And Johnson claimed that there was little difference between the proposed Cop26 agreement to “phase out” coal usage and the final text, which pledged only to “phase down” coal.
Others took a different view. Perhaps predictably, the teenage Swedish climate activist Greta Thunberg described the conference categorically as “a failure”. Climate Action Tracker projects that even if all the Cop26 pledges stretching into the future are met, the planet is on track to warm by at least 2.1C. And India is phasing out in the particular sense of phasing in, with coal-powered electricity generation expected to increase by almost 5% a year this decade. The Financial Times’s Martin Wolf hedged his bets. For him, Cop26 “was both triumph and disaster.”Continue reading...
The best of this week’s wildlife pictures, including sunbathing monkeys, a pygmy possum and a new home for white rhinosContinue reading...
Dame Vivian Hunt warns of overproduction at summit attended by Tommy Hilfiger and Kris Jenner
The fashion industry is facing a waste and overproduction crisis if it continues on its current trajectory, one of the UK’s leading economic experts has warned.
Dame Vivian Hunt, a managing partner at the consulting firm McKinsey and Company, said “fashion has a long way to go to demonstrate its commitment to achieving net zero emissions”.Continue reading...
Labor leader Anthony Albanese says the party plans to reduce emissions by 43% by 2030 (on 2005 levels) if it wins the next federal election. The target is lower than the number it took to the 2019 election but higher than the Coalition's goal of 26-28%. Labor says its plan, which includes upgrading the electricity grid and an electric vehicle strategy, will create more than 600,000 jobs, cut power bills and reduce emissionsContinue reading...
Latest Clean Energy Regulator data sets the scene for "a big reduction of emissions” going into 2022, as solar and wind continue to push coal out of the mix.
The post Regulator tips “big reduction” in emissions in 2022, as renewables push out more coal appeared first on RenewEconomy.
Labor eyes 82 pct market share for renewables and 89 pct share of EVs in new vehicle sales by 2030, as part of its revised and "modest" emissions target.
The post Look, no taxes! Labor’s modest target assumes 82 pct renewables and 89 pct EVs by 2030 appeared first on RenewEconomy.
Labor’s 2030 climate target betters the Morrison government, but Australia must go much further, much faster
NSW seeks proposals for wind, solar and storage project in a new renewable energy zone centred at the heart of its coal mining regions.
The post NSW seeks wind, solar and storage proposals for Hunter and Central Coast REZ appeared first on RenewEconomy.