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China seen to need over $230 bln in additional annual funding to reach carbon neutrality

Carbon Pulse - Tue, 2023-04-11 15:37
China is facing a funding gap of over 1.6 trillion yuan ($232.7 billion) in funding per year to achieve its carbon neutrality targets by 2060 due to information asymmetry and inefficiency issues surrounding the operations of green projects, according to a top official at a government-backed association.
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Batteries won't cut it – we need solar thermal technology to get us through the night

The Conversation - Tue, 2023-04-11 15:11
Solar thermal technology has the potential to provide both long-duration storage and industrial heat, yet it has been largely overlooked in the Australian context. That is about to change. Dominic Zaal, Director, Australian Solar Thermal Research Institute (ASTRI), CSIRO Licensed as Creative Commons – attribution, no derivatives.
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PNG NGOs urge govt to publicly release, consult on carbon trading regulations

Carbon Pulse - Tue, 2023-04-11 15:08
A group of Papua New Guinea environmental NGOs have urged the government to publicly release key documents relating to its carbon market regulations, and to hold further consultations with stakeholders.
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Rooftop solar eats everyone’s lunch and sends grid demand to record lows

RenewEconomy - Tue, 2023-04-11 14:50

Rooftop solar ate everyone's lunch on a mild Easter holiday, sending grid demand to record lows but also causing unheard of levels of renewable curtailment.

The post Rooftop solar eats everyone’s lunch and sends grid demand to record lows appeared first on RenewEconomy.

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GMR begins early works on 480MWh standalone battery in Victoria

RenewEconomy - Tue, 2023-04-11 14:18

GMR Energy announces "early works" agreement for its big standalone battery on Victoria's Mornington Peninsula.

The post GMR begins early works on 480MWh standalone battery in Victoria appeared first on RenewEconomy.

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Japan to pilot digital J-Credit MRV, issuances

Carbon Pulse - Tue, 2023-04-11 12:57
Japan has launched a blockchain-based pilot programme to digitally verify emissions reductions and issue carbon offsets under the government’s J-Credit scheme.
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Sun Cable inks deal to supply “24/7 renewables” to Darwin minerals processing plant

RenewEconomy - Tue, 2023-04-11 12:52

sun cable 5b solar northern territory optimisedWorld's largest solar and battery project has inked a deal to supply 24/7 renewable power to Darwin-based critical minerals supplier.

The post Sun Cable inks deal to supply “24/7 renewables” to Darwin minerals processing plant appeared first on RenewEconomy.

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CEFC invests $80m in new decarbonisation-driven private equity fund

RenewEconomy - Tue, 2023-04-11 12:45

cefc investors green bonds solar city buildingsCEFC to invest up to $80 million into an ambitious private equity fund designed to drive down the emissions of middle market companies.

The post CEFC invests $80m in new decarbonisation-driven private equity fund appeared first on RenewEconomy.

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Fiji eyes national carbon registry launch ahead of consultation on national carbon market roadmap

Carbon Pulse - Tue, 2023-04-11 11:21
The Fijian government is working to set up a national carbon registry as it seeks to hold a series of consultations this year on creating a roadmap for the establishment of the country’s carbon market, a recent webinar heard. 
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Power producer files opposition to Washington state’s motion to dismiss cap-and-trade lawsuit

Carbon Pulse - Tue, 2023-04-11 08:17
An independent power producer on Friday asked a court to deny the Washington Department of Ecology’s (ECY) attempt to dismiss its lawsuit reiterating discrimination claims under both the dormant Commerce-Clause and equal-protection laws, as the company said it spent millions in the state’s first cap-and-invest auction this winter.
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Alberta TIER credit price heads down towards national excess emissions charge

Carbon Pulse - Tue, 2023-04-11 08:15
The Alberta Technology Innovation and Emissions Reduction (TIER) carbon credit price fell over the January to March period after trading well above Canada's ‘backstop’ excess emissions charge, with one investor purchasing units amid the dip in value, according to a data analysis firm.
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RGGI Market: RGAs inch down from 2-mth high as traders look to upside calls

Carbon Pulse - Tue, 2023-04-11 07:11
RGGI Allowance (RGA) values slid from a nearly two-month high over the course of the week in line with broader macroeconomic conditions, while some traders pointed to expectations for a bullish outcome from the power sector cap-and-trade system’s programme review in driving more options activity.
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Brookfield pushes back against NSW move to prop up biggest coal generator

RenewEconomy - Tue, 2023-04-11 06:50

NSW insists all options open for Eraring coal generator, but likely new owner Brookfield warns against keeping it open longer than needed.

The post Brookfield pushes back against NSW move to prop up biggest coal generator appeared first on RenewEconomy.

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Speculators and emitters significantly lengthen CCA holdings, compliance shortens in RGGI

Carbon Pulse - Tue, 2023-04-11 06:47
Financial players continued to widen their California Carbon Allowance (CCA) net long position this week to reach the highest level since early last year, while compliance entities slashed their net short position in the WCI market and net long in RGGI as the March contract expired, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
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Nature is in crisis. Here are 10 easy ways you can make a difference

The Conversation - Tue, 2023-04-11 06:02
Australia’s threatened species keep declining. But there are concrete ways to help, from wildlife friendly gardens to leashing your dog. Matthew Selinske, Senior Research Fellow, RMIT University Georgia Garrard, Senior Lecturer, School of Ecosystem and Forest Sciences, The University of Melbourne Jaana Dielenberg, University Fellow, Charles Darwin University Sarah Bekessy, Professor in Sustainability and Urban Planning, Leader, Interdisciplinary Conservation Science Research Group (ICON Science), RMIT University Licensed as Creative Commons – attribution, no derivatives.
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Maryland’s largest RGGI-regulated power plant files for deactivation

Carbon Pulse - Tue, 2023-04-11 05:37
A Maryland-based power plant has filed to shutter slightly earlier than a previously announced deadline, as coal-fired generation continues to go offline within the RGGI carbon market-covered region.
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The listing of more Australian bird species as ‘threatened’ is alarming – but also cause for hope

The Guardian - Tue, 2023-04-11 01:00

They say the first step to recovery is recognising you have a problem, so it is with preserving our precious wildlife

You wouldn’t think there would be much to celebrate when a threatened species has its status uplisted because the risk of it becoming extinct has increased. To have nine Australian birds uplisted on a single day as happened last week may at first seem very bleak indeed.

These listings have not come out of the blue, sparked by a single catastrophic event. The nine uplistings follow the recommendations of the 2020 Action Plan for Australian Birds produced by BirdLife Australia and Charles Darwin University, drawing on the expertise of hundreds of researchers who have studied and catalogued both the threats facing Australia’s birds and the actions needed to recover those teetering on the edge of extinction.

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Swimming pools of the rich driving city water crises, study says

The Guardian - Tue, 2023-04-11 01:00

Pools and well-watered gardens cause at least as damaging as climate emergency or population growth

The swimming pools, well-watered gardens and clean cars of the rich are driving water crises in cities at least as much as the climate emergency or population growth, according to an analysis.

The researchers said the vast difference in water use between rich and poor citizens had been largely overlooked in seeking solutions to water shortages, with the focus instead on attempts to increase supply and higher prices for water. They said the only way to protect water supplies was by redistributing water resources more equally.

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Climate emergency is the biggest health crisis of our time. Bigger than Covid | Pascal Soriot

The Guardian - Tue, 2023-04-11 00:57

As toll on public health and global economy rises, radical action is needed on greenhouse gas emissions

The latest Intergovernmental Panel on Climate Change report is a grim, yet unsurprising reminder of the catastrophic effect global heating is having on our planet. The message from leading climate scientists is clear: action is needed now. Not tomorrow, not next year, not by the end of the decade.

Even drastic carbon reduction today that limits temperature increases to the 1.5C agreed in Paris will alter the world we live in for ever. The IPCC concludes that every fraction of a degree more will edge us towards tipping points that will leave deep scars on our planet.

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Miami and New Orleans face greater sea-level threat than already feared

The Guardian - Tue, 2023-04-11 00:46

Twin studies reveal that ‘acceleration’ of sea-level rise under way, leaving southern US cities in even greater peril

Coastal cities in the southern US, including Miami, Houston and New Orleans, are in even greater peril from sea-level rise than scientists already feared, according to new analysis.

What experts are calling a dramatic surge in ocean levels has taken place along the US south-eastern and Gulf of Mexico coastline since 2010, one study suggests, an increase of almost 5in (12.7cm).

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