Feed aggregator

The Greens, who may hold the balance of power after Australia’s May 8 election, on Thursday released its energy and climate plan, pledging to tighten the Safeguard Mechanism and restrict usage of Australian Carbon Credit Units (ACCUs) and international offsets.

The European Parliament's ruling centre-right European People's Party (EPP) is calling on Brussels to reevaluate the social impact of the bloc's Emissions Trading System for road and heating fuels (ETS2), adding to mounting criticism of the upcoming EU carbon pricing scheme.

A cohort including Verra aiming to advance the market for nature stewardship certificates without baselines plans to open a public consultation on a first version of its standard next month, one of its members has Carbon Pulse.

The government of Uzbekistan and the World Bank have launched the Uzbekistan Resilient Landscapes Restoration Project (RESILAND) as part of a broader regional programme aiming to support five Central Asian countries in rehabilitating degraded forests and lands.

The Coalition reveals plans to review Australia’s 2030 emissions reduction target if they win government at the next federal election. Tony Wood, Program Director, Energy, Grattan Institute Licensed as Creative Commons – attribution, no derivatives.

European carbon prices gapped significantly higher at the opening on Thursday, in line with steep gains in equity markets after US President Donald Trump delayed the implementation of import tariffs by 90 days, before gradually falling back as macroeconomic uncertainty continued to undermine sentiment.

New carbon removals buyers need to "drink from the cup, not the hose" by investing in projects that they can easily communicate as clear and beneficial efforts to tackle emissions, according to experts in the field.

The sooner governments commit to phasing out oil and gas exploration and production, the lower the risk of investor arbitration and the higher the chances of achieving the 1.5 target, a global think tank has advised.

The nature credit market is expected to reach $37.5 billion by 2032, driven by increasing corporate ESG commitments and strengthened biodiversity-focused regulations, a report said this week.

Out of 10 large European power utilities analysed, none are on track for net zero emissions, with all planning to continue burning gas beyond 2035, according to research published on Wednesday.

An afforestation project in Burkina Faso has become the first to be registered under Verra using a methodology approved by the Integrity Council for the Voluntary Carbon Market (ICVCM) for its Core Carbon Principles (CCP) label, the standard announced Thursday.

A US-based marketplace for carbon credits and an Indian developer on Thursday announced a “multi-million dollar” climate finance agreement focused on removal projects across South Asia.

An Australian parents’ lobby group concerned over greenwashing claims has become the latest to dispute the government's Climate Active certification used by businesses, calling for the scheme to be reviewed.

Australia's growing fleet of big batteries are soaking up record amounts of rooftop solar around the country.

The post Australia’s big batteries soak up record amounts of rooftop solar in middle of the day appeared first on RenewEconomy.

The government of Kyrgyzstan has partnered with a UK-based developer to launch a large-scale tree-planting initiative under Article 6 of the Paris Agreement, to be funded through revenue generated from carbon credits.

The co-chair of a group working on Australia’s integrated farm land management (IFLM) method has accused the government of unfair treatment, after slides emerged showing that another method in the works appeared to be on an accelerated development timeline.

The European Parliament and Council of EU member states reached agreement in the early hours of Thursday on a proposed EU directive to ensure soils are monitored across the European Union as 60-70% of them are currently considered to be unhealthy.

Electricity consumption from the manufacture of AI chips has more than tripled over the past two years, potentially muting climate progress in East Asia, the global hub for semiconductor production, an NGO warned Thursday.

A global trade-war rollercoaster was not enough to distract Donald Trump from fulfilling one of his longtime priorities on Wednesday: changing the federal definition of 'shower head', a move the White House claimed would end the Obama-Biden war on water pressure and restore 'shower freedom'

Continue reading...

The International Energy Agency (IEA) published a data centre and artificial intelligence (AI) report Thursday, finding it will be one of the main new demand drivers of increased power in what it called the new Age of Electricity.