Feed aggregator

An Indian developer and consultancy, which has previously seen a large forestry scheme rejected, is behind three huge new REDD projects attempting to bring fresh annual supply of more than 38 million carbon credits into the voluntary carbon market (VCM).

The UN’s biodiversity negotiations opened in Montreal on Tuesday, with high-level statements noting the significant challenges that lie ahead in forging a new global framework to halt and reverse the alarming rate of nature loss, as global negotiators brace for intense negotiations over a currently heavily bracketed text.

Regulator calls spending on network improvements ‘extremely disappointing’ after companies undershot budgets

Ofwat has criticised water companies for failing to invest enough in treatment plants to stop the overuse of raw sewage discharges.

The water regulator for England and Wales said on Tuesday that water and wastewater companies were falling behind on their investment plans, leaving promised service improvements behind schedule or undelivered.

Continue reading...

EUAs rebounded 0.8% on Tuesday morning as speculative positioning kept support for Dec-22s amid the imminent options expiry, as colder weather prospects added strength.

Nature is under threat as never before, but what does that actually mean? We explain what is at stake – and why action at Cop15 is more crucial than ever

Despite humanity’s many technological advances, we can only manage a well-informed guess at the true extent of life on Earth: 8.7 million species, according to the most commonly cited figure, with other estimates ranging between 5.3 million and one trillion.

There is greater certainty about the decline of biodiversity that human behaviour is driving, with species dying off as much as 1,000 times more frequently than before the arrival of humans 60m years ago, as one study suggests.

Continue reading...

Massive 26GW wind and solar project in Pilbara has a new name, a new controlling shareholder and a new focus on domestic markets.

The post Huge 26GW renewable project in Pilbara has new name, new partner and new focus appeared first on RenewEconomy.

Shanghai has announced a work plan for the establishment of its regional carbon offsetting programme, which will be linked to the city's emissions trading scheme by 2025, though questions remain as to what offset types will be allowed to use for compliance under the local ETS.

The NSW state government will allocate A$10 million ($6.7 mln) in the first round of a grants scheme to assist groups in the agricultural and land sectors with carbon abatement projects, it announced on Tuesday.

New analysis has highlighted potential future changes that could be made to Australia’s Safeguard Mechanism after changes in the policy’s framework in the government’s below-baseline crediting legislation.

The EU has reached a provisional political agreement on a bill to prevent the import of goods linked to deforestation, after late-night trilogue talks on Monday between negotiators from the Parliament, Commission, and Council of member states.

Fewer than 5% of global companies have assessed the impact they have on nature and fewer than 1% understand how their businesses depend on natural ecosystem services, according to a survey published this week.

Ministers have shattered the legal system and are failing to tackle the climate crisis. Now they are making protesters their scapegoats

Indigo Rumbelow is an activist with Just Stop Oil

It’s a strange paradox. The tougher that Tory home secretaries talk, the faster law and order seems to break down. Whoever’s in the role – Grant Shapps, Priti Patel, Suella Braverman – the same rhetoric grinds on, day after day: cracking down, clamping down, demanding tougher action. Now the prime minister, Rishi Sunak, has joined in, reportedly launching “Operation Get Tough” and demanding the police use all the new powers available to them through the latest sweep of anti-protest laws.

Who’s listening? Certainly not us. Just Stop Oil knows first-hand that the legal system is collapsing. Some of our supporters’ cases can’t even be heard until 2024. Many of my friends will spend this Christmas in prison, most held without a trial, on remand. Jan Goodey, the first person to be convicted under the government’s new Police, Crime, Sentencing and Courts Act 2022, was sentenced to six months in prison just last week, the first of many protesters who will probably be criminalised for caring. Instead of facing up to the challenge of ending new oil and gas, the government would prefer to silence the alarm bells.

Continue reading...

Inger Andersen spells out the challenges facing the planet as Cop15 delegates gather inMontreal

The UN’s environment chief has warned that “we are at war with nature” and must “make peace”, as countries gather at Cop15 in Montreal to agree a deal to protect the planet’s biodiversity.

“We’ve just welcomed the 8 billionth member of the human race on this planet. That’s a wonderful birth of a baby, of course. But we need to understand that the more people there are, the more we put the Earth under heavy pressure,” said Inger Andersen, the executive director of the UN environment programme.

Continue reading...

The International Emissions Trading Association (IETA) has released a set of principles to govern the trading of CO2 reductions and removals that use technology-based carbon sink enhancements, the group announced on Tuesday.

Hybrid vehicles so popular they account for one in every three cars sold by Toyota

• Follow our Australia news live blog for the latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Hybrid vehicles that combine battery and fuel technology are proving increasingly popular in Australia with sales double that of more expensive electric-only cars.

Sales figures released this week show that low-emissions cars are soaring in popularity.

Continue reading...

A daily summary of our news plus bite-sized updates from around the world.

WA seeks to fast track investment in major renewable projects and clear the way for huge green hydrogen projects.

The post WA clears way for grid and land deals to fast-track wind, solar and hydrogen plans appeared first on RenewEconomy.

Applications for loans to finance electric vehicles and rooftop solar systems are coming in thick and fast, according to NAB, in race to cut costs and emissions.

The post Solar and electric vehicle loans are soaring, says NAB, as business greens up appeared first on RenewEconomy.

Andrew ‘Twiggy’ Forrest’s Fortescue Future Industries has this week opened Western Australia’s first green hydrogen refuelling station to power its fleet of 12 Toyota Mirai hydrogen fuel cell cars. The new refuelling station was opened in partnership with gas company Atco Australia – which has four Mirai’s of its own – and is located at […]

The post Fortescue opens WA’s first green hydrogen refuelling station for fleet of Toyota Mirais appeared first on RenewEconomy.

Tindo Solar says sales have doubled over the past two months, as consumers seek out rooftop PV as a long-term solution to soaring power prices.

The post Rush to rooftop solar doubles sales for Australia’s only PV manufacturer appeared first on RenewEconomy.