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An ocean-based carbon removal company has published its monitoring, reporting and verification protocol ahead of the launch of its first project in the nascent sector.

Offshore wind - now classified as "variable baseload" - poised for another major growth spurt with consultation open on Australia's second zone.

The post “Variable baseload:” Second offshore wind zone in works as talks begin on Hunter appeared first on RenewEconomy.

California granted the most compliance offsets since mid-September over the past two weeks following a notable dip during the previous issuance, though a similarly small portion of offsets with direct environmental benefits to the state (DEBs) were distributed, according to data from regulator ARB published Wednesday.

Both California gasoline and diesel consumption in November continued to trail year-ago levels, according to state data published Wednesday, suggesting the sector's carbon market-covered emissions will slightly lag 2021 output.

AEMO says there’s an “urgent need for investment" to meet grid reliability requirements. But is this reason to panic?

The post Australia’s energy market operator is worried about grid reliability. Should it be? appeared first on RenewEconomy.

Xpansiv will hold its first carbon credit auction early next month, the environmental commodities marketplace announced on Wednesday, fixing a date almost three months after launching the service.

Malaysia oil giant targets solar, battery storage and green hydrogen in Australia finalising the purchase of a giga-scale solar portfolio.

The post Asian oil giant targets solar, batteries and hydrogen after buying Australian portfolio appeared first on RenewEconomy.

California regulator ARB on Wednesday provided further details on its schedule for beginning a formal rulemaking to amend the Low Carbon Fuel Standard (LCFS), while credit prices plunged from a five-month high as traders digested the impact of the ARB hiking the programme’s carbon intensity (CI) reduction targets.

Months-old companies based in the United Arab Emirates (UAE) are aiming to bolster their own type of carbon crediting projects on the African continent, hoping to gain momentum for their initiatives as all eyes turn to their country’s role as the hosts of this year’s COP28 UN climate talks.

The mountain ash dominates as the tallest species of tree, but they did not win tree with the biggest girth. David Lindenmayer, Professor, The Fenner School of Environment and Society, Australian National University Licensed as Creative Commons – attribution, no derivatives.

Africa’s largest project originator in the voluntary carbon market (VCM) has teamed up with a climate intermediary with an initial three-year plan that aims to generate 900,000 credits. 

Proposed legislation in Vermont could see the state adopt a first-in-the-nation clean heat standard that experts say would be a model for other jurisdictions to follow, while lawmakers also mull implementing the first transportation sector low-carbon fuel standard (LCFS) in the eastern US.

Environment secretary leaves Birmingham with egg on face while Rish! endures Brexit psychodrama

All praise the government of all the talentless. Or look at it this way. If Thérèse Coffey can make it to the cabinet, how useless do the rest of the Tory MPs have to be not to make the cut? Or perhaps Coffey has some svengali-like hold over Rishi Sunak. Can bend him to her will. Because let’s be honest, there’s no obvious sign of intelligent life in her. She’s at her most convincing when she’s at her most unconscious.

You’d have thought the environment secretary would have taken notes. Would have seen Sunak and Mark Spencer crash and burn at the National Farmers’ Union (NFU) conference in Birmingham on Monday, and make an effort to raise her game before facing the same crowd on Tuesday.

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A carbon credit ratings agency has given a major downgrade to a previously highly-ranked Verra-certified REDD project in Africa amid signs of deforestation in the territory. 

At least 19 GW of new flexible gas-fired power generation capacity and 50 GW of storage capacity will be needed by 2030 to stabilise the grid as the share of renewables increases in the Europe’s electricity mix, according to a study published on Wednesday. 

The British government has published a response to its consultation on a nature and biodiversity positivity regulation that will help to inform a final biodiversity plan for land use and development that includes details on how credits can incentivise support for nature protection.

An enhanced rock weathering (ERW) carbon removals developer expects to cut production costs to around $100 tonnes of CO2 if its plans to scale come to fruition, a level close to current EU ETS values. 

EUA prices dropped back below €100 in an indecisive morning's trading as participants waited for updated Commitment of Traders data that they said would give a stronger steer on market direction, while the fortnightly UK allowance auction in the afternoon was also seen as a potential influence.

Spanish utility Iberdrola announced a marginal drop in 2022 emissions across its EU ETS-covered power generation portfolio in 2022 due to particularly heavy slump in Q4 output from its gas plants, a trend increasingly seen across European energy firms reporting full-year results.

The development of international carbon markets is likely to run parallel with growth in both voluntary and compliance domestic carbon markets in Asia, with the various systems showing signs of convergence in some cases, a webinar on the future of carbon markets in Asia was told on Wednesday.