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The spot price for Australian Carbon Credit Units fell A$2, or 5.6%, on Thursday, as the price corrected slightly following flurry of activity in January following the release of the Safeguard Mechanism paper and the results of the Chubb review.

Canada's proposed investment tax credit for clean hydrogen could result in higher emissions and less energy efficiency, according to an open letter to Deputy Prime Minister Chrystia Freeland sent on Thursday and signed by 55 environmental organisations and 110 academics.

We can’t expect markets to end the burning of coal as quickly as we need to halt global warming. That means we’ll need policies to do the work.

The post Coal whack-a-mole: Current efforts to phase out coal power just won’t cut it appeared first on RenewEconomy.

California Carbon Allowance (CCA) prices reversed from early-week gains in recent days as traded volume dried up ahead of next week’s quarterly auction, while Washington Carbon Allowance (WCA) activity stayed quiet ahead of the first sale for the state’s own cap-and-invest programme later this month.

Germany-based utility RWE, historically the EU’s top corporate emitter, reported a 3.3% rise in its ETS-covered thermal power output for 2022, it said on Thursday, upping its demand for carbon allowances for the second straight year.

A carbon project developer is hoping to urgently scale an approach that simultaneously improves clean drinking water and reduces GHG emissions, noting that corporates will increasingly be on the hook to demonstrate investments in social, as well as climate benefits.

The OECD launched a new working group on Thursday, gathering more than 100 countries to share best practices on how to cut global emissions, and aiming to coordinate policies and provide the data necessary to compare efforts across geographies.

A global financial services firm on Thursday announced its third procurement of multi-year carbon removals in as many months, as the company aims to reach net zero emissions by 2030 and transition away from avoided-emissions credits.

We can now monitor coastal changes across thousands of beaches over the last 40 years, from Australia, New Zealand and Japan, to Chile, Peru, Mexico and California. Here’s what our new tool uncovered. Kilian Vos, Research Associate, UNSW Sydney Mitchell Harley, Scientia Senior Lecturer, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Talks among EU leaders on a response to the US IRA green subsidy plan got held up on Thursday, as much of the first day of the two-day European Council summit focused on how to support Ukraine.

Switzerland has scheduled a second auction for 2022-vintage carbon allowances under its emissions trading scheme (ETS).

A coalition of eight prominent environmental and Indigenous Peoples organisations published new guidance on Thursday, endorsing forest carbon credits and providing guidance to help steer would-be buyers towards high-integrity transactions in the wake of related media scrutiny.

Renewable project on edge of Bristol has overcome planning hurdles and will empower local housing estate

A muddy, forgotten patch of land, sandwiched between a gas power station and a car breakage plant, will be home to England’s tallest wind turbine by the end of next week.

The turbine, which will stand 150 meters tall from its base to the tip of its blade, is owned by a group of residents from nearby Lawrence Weston, a deprived housing estate on the fringes of Bristol, and some of the income it generates will be used to help the local community.

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Greenpeace aim to take legal action against the European Commission over the inclusion of fossil gas and nuclear energy in the EU’s list of sustainable investments, the NGO announced on Thursday.

An Amsterdam-based cleantech venture capital platform is launching a second investment vehicle, which will target raising €75-100 million - roughly double its first fund.

Open interest in CME’s nature-based futures for the voluntary carbon market is dropping fast as the impact of claims of widespread over-crediting in the REDD+ avoided deforestation market continues to shake confidence in standardised products.

As investment begins to pour into decarbonization technologies and innovative infrastructure projects sprout across the globe, the new energy economy faces a conundrum: carbon-intensive building materials. Project developer and sustainability consultants ClimeCo discuss how companies can use the voluntary carbon markets to help decarbonise their cement-related emissions.

Many people warming homes with wood from construction sites unaware of health risks, say experts

Arsenic particles are being spotted by scientists in London’s air, as concerns grow that people are increasingly burning waste wood from construction sites while being unaware of the serious health risks.

Dr Anja Tremper at Imperial College London’s air research station in south London tracked January’s data and found arsenic particles in London’s air, especially around the weekend of 2223 when air pollution reached the top index value of 10 on the UK government’s scale.

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EUAs gave up some of their early gains on Thursday morning after a relatively strong auction result and as a panel of lawmakers approved the bloc's carbon market reform package, while energy prices snapped a five-day losing streak as weather forecasts suggested a drop in temperatures in the coming week.

Campaigners and experts say holiday park in ancient woodland would have been ‘disastrous’ for wildlife

Center Parcs has scrapped plans for a new holiday park in an ancient woodland that is home to rare birds after outcry from wildlife campaigners.

The holiday company said that it had decided the 550-acre Oldhouse Warren site in Worth Forest was “not suitable” for the development, due to not being able to meet targets to improve biodiversity at the site. The plans included 900 lodges, indoor and outdoor leisure facilities, a variety of restaurants, a spa, and a “subtropical swimming paradise”.

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