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Carbon Vista, a joint venture between the Nigeria Sovereign Investment Authority (NSIA) and energy and commodity trader Vitol, has signed deal with Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) to channel climate finance into Nigeria.

The EU’s 27 national energy ministers failed to agree a unified stance on the bloc’s electricity market reform proposal on Monday as several nations refused to extend subsidies to coal power plants due to climate concerns.

A new survey finds Australians care deeply about the environment but many are not aware of the full extent of biodiversity loss. Liam Smith, Director, BehaviourWorks, Monash Sustainable Development Institute, Monash University Jaana Dielenberg, University Fellow, Charles Darwin University Kim Borg, Research Fellow at BehaviourWorks Australia, Monash Sustainable Development Institute, Monash University Rachel Morgain, Senior Research Fellow, School of Ecosystem and Forest Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

When the roads flooded around Lismore, it left supermarket shelves empty for months. Keeping everyone fed took a huge community effort. Now we need to make food supply secure. Fiona Berry, Research Principal, Institute for Sustainable Futures, University of Technology Sydney Jean S. Renouf, Lecturer in Politics and International Relations, Southern Cross University Sheriden Keegan, PhD Scholar, Griffith University Somayeh Sadegh Koohestani, PhD student, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.

French based renewable energy and storage developer Neoen is to build a massive four-hour battery in Western Australia after securing a landmark contract designed to solve the growing solar duck curve problem in the world’s biggest isolated grid. Neoen is to build a 219MW, four hour (877MWh) battery near the coal town of Collie, the […]

The post Neoen and Tesla to build giant four-hour battery in landmark deal to squash solar duck appeared first on RenewEconomy.

Inquiry launched by Environment Agency into huge pile of medical aprons found in Calmore, Hampshire

The “dumping” of hundreds of thousands of pieces of unused personal protective equipment near a nature reserve on the edge of the New Forest has mystified and angered local people.

But the council has revealed that the giant pile of boxes containing medical aprons is being stored on the land in Calmore, Hampshire, before the aprons are recycled into plastic bags.

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REDD+ avoided deforestation prices continued to tick higher over the past week, but the avoidance credit market was a mixed bag of slight falls and gains as the overhang of available credits continued to grow, although nature-based removals commanded high prices.

The problem with carbon offsetting as a means for companies to bear responsibility for their emissions is not the concept itself, but its current implementation. Rather than limiting the use of carbon offsetting by banning terms like “carbon neutral”, policymakers should drive forward reforms to improve the quality of the carbon market, writes Lasse Leipola of Finnwatch.

The voluntary carbon market will consider credits tagged as aligning with the core carbon principles (CCPs) as a "minimum bar" on which to build, according to the CEO of an exchange.

Second sighting of white whale off Queensland’s coast within weeks has ocean watchers wondering if it could be famous humpback

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The second sighting of a white whale off Queensland’s coast within weeks has ocean watchers wondering if it could be Migaloo, the elusive albino humpback who has not been seen in three years.

A tourist flying over the Great Barrier Reef filmed what appears to be a white humpback whale swimming north, as thousands of humpbacks make their annual migration from Antartica to warmer waters to breed.

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But a majority of Australians think more money should be spent on the environment

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Half of Australians are unaware of the extent of the nature crisis despite agreeing governments need to do more to support the environment, research by the Biodiversity Council suggests.

Graeme Samuel, the former competition watchdog head who chaired a 2020 review of Australia’s environmental laws, says a campaign is needed to bring public awareness of biodiversity decline in line with the understanding of the climate crisis.

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When I heard the news that fracking would go ahead on my grandparents’ country, I felt my spirit and heart were breaking

Last month the chief minister of the Northern Territory, Natasha Fyles, opened the door to large-scale fracking of what the gas industry calls the Beetaloo basin.

The land to be mined includes my paternal grandmother’s country.

In 20 years, when the chief minister is growing old and grey, she is going to look back and feel guilt for saying yes to fracking the territory. She will think: I was part of that land damage. I shouldn’t have done that. I should have listened.

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The ecological success of the voluntary biodiversity credit market will be almost entirely determined by the quality of the governance mechanisms and the measurement methods used, according to a leading biodiversity finance researcher.

This role will be responsible for developing and deepening customer relationships in parallel with managing the Carbon and Biofuels sales funnel with a focus on the lead to contracting process.

This portfolio will be involved with a range of deal negotiations and assist with development of new contracting opportunities including: renewable power and environmental offtake agreements, energy storage offtake agreements, forward electricity derivatives, system security agreements, long term carbon project offtakes, and structure supply agreements to major end use customers.

European carbon prices fell for a third day on Monday along with natural gas though the correlation between the two markets appeared to loosen, with EUAs finding some technical support despite worsening fundamental data while gas continued to slide after its big technical gains over the past two weeks.

Want to go electric? There's now a conspicuous mandated cost barrier standing in the way of a cleaner, safer, more affordable home.

The post Electrified homes are paying for the gas death spiral appeared first on RenewEconomy.

German brown coal giant unveils plans to convert one of its remaining generation sites into green energy hub with 14GW of renewables, plus storage.

The post German coal giant unveils green baseload hub to replace fossil fuel generation appeared first on RenewEconomy.

Taxing world’s wealthiest people could help poorer countries shift economies to low-carbon and recover from climate damage

Tax extreme wealth to pay for the climate-related damage to the poorest, a group of more than 100 leading economists have urged.

A wealth tax on the fortunes of the world’s richest people would raise trillions of dollars that could be spent on helping poorer countries shift their economies to a low-carbon footing, and on “loss and damage”, the rescue and rehabilitation of countries stricken by climate disaster.

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Sustained high temperatures over summer could trigger mass mortality of fish and oysters, say scientists

An “unheard of” marine heatwave off the coasts of the UK and Ireland poses a serious threat to species, scientists have warned.

Sea temperatures, particularly off the north-east coast of England and the west of Ireland, are several degrees above normal, smashing records for late spring and early summer. The North Sea and North Atlantic are experiencing higher temperatures, data shows.

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