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Report says urban nature restoration projects must be handled carefully to avoid pricing out locals

Poorer communities could be forced out of their areas by rewilding because of “green gentrification”, according to a report by the Zoological Society of London (ZSL).

The report finds that rewilding could lead to house prices rising as areas become more desirable and their risk of being affected by natural disasters such as floods decreases. New tourist opportunities may also result from enhanced green spaces and wildlife.

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Gasoline sales in California in June retreated from May's year-to-date high and stayed beneath 2021 totals, while diesel consumption surged to the second-largest amount this year, according to state data released Wednesday.

Rows and rows of solar rooftops show where Queenslanders stands on clean energy, it’s now up to governments to help it become a clean manufacturing powerhouse.

The post Solar is “pure gold” to Queenslanders, but governments are missing the opportunity appeared first on RenewEconomy.

Some 37% of companies listed in the Fortune Global 500 share index have yet to make any significant climate commitment amid signs of waning ambition, according to an annual study released on Wednesday.

By 2025, factories are on track to churn out enough silicon to produce the equivalent of all installed solar – every year. Andrew Blakers, Professor of Engineering, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The ongoing RGGI programme review will collect stakeholder input on rules for states entering and exiting the scheme, as several linkages in the power sector cap-and-trade programme remain in doubt, a conference heard Wednesday.  

The EU should aim to reach net zero emissions by 2045 at the latest - five years earlier than its current goal - to have a shot of remaining within a Paris Agreement-aligned 1.5 C warming scenario this century, researchers said in a report this week as officials prepare to increase the bloc's collective pledge.

The leading exchange-traded fund in compliance carbon markets has sold a significant slice of its holdings in EU allowances, a move coming amid growing investor short positioning as the 27-nation bloc considers drastically boosting the market's near-term supply to help fund its energy transition.

Massachusetts’ power sector Global Warming Solutions Act (GWSA) cap-and-trade system saw its current vintage allowance auction clear $5 above the previous sale, while the programme’s second sale for future permits settled a little over half that price, according to results published Wednesday.

More than 200 industry leaders backed plans for zero-emissions aluminium, ammonia, steel on Wednesday, offering policymakers a guide for sector-level regulations and investment while providing tools to back the growing momentum behind sectoral mitigation targets at the international level.

Denmark ‘gets ball rolling’ at UN ahead of protests as poor nations call for greater collective commitment

Youth groups in Africa are preparing to embark on a series of climate demonstrations on Friday to highlight the problem of “loss and damage” to poor countries blighted by climate breakdown, as only one rich country has so far stepped up with funding for the problem.

Actions will take place on Friday in Ghana, Ivory Coast, Senegal, Togo and the Democratic Republic of the Congo, with more to follow in some other African nations over the weekend.

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A voluntary carbon market (VCM) analytics firm has signed deals to supply its project and offset valuation data to several inter-dealer brokers to help its clients gain better access to the market.

The Integrity Council for the Voluntary Carbon Market (IC-VCM) needs a course correction in order to avoid significantly harming the VER space through its plans to assess carbon credit quality, the world’s largest offset standard manager and developer Verra said Wednesday.

He praised the passion of people supporting the Earthshot environmental prize he helped set up.

Chris Cornelius says geology is too challenging and government’s support is merely ‘soundbites’

• Why fracking won’t work for the UK – Chris Cornelius and Mark Linder

Fracking in the UK will be impossible at any meaningful scale and will not help with the energy price crisis, the founder of the UK’s first fracking company has warned.

Chris Cornelius, the geologist who founded Cuadrilla Resources, which drilled the UK’s first modern hydraulic fracturing wells in Lancashire, told the Guardian that he believed the government’s support for it is merely a “political gesture”.

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The economic and political barriers to fracking here are extremely high. There are better solutions to the energy crisis

• Fracking won’t work in UK says founder of fracking company Cuadrilla

In one of her first acts as prime minister, Liz Truss pledged to lift the ban on fracking in England, with the aim of opening up access to Britain’s copious onshore natural gas resources.

You would imagine that we, as the founder and former public affairs director of Cuadrilla Resources, an oil and gas exploration company, would welcome this news. Although we are no longer involved with Cuadrilla, we believe this news is positive. But it is misleading to imply that the announcement will lead to meaningful supply of new gas in the UK in the foreseeable future. And we believe there are other more practicable steps that could be taken to produce significant energy in a timely manner. Here’s why.

Dr Chris Cornelius, an exploration geologist, was the founder of Cuadrilla Resources and Mark Linder was the first public affairs director. Neither has been involved with Cuadrilla for many years.

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Tree project is central to net zero plan, international conference in London hears

The UK government’s tree planting scheme is at risk because of the drought, the chief plant health officer has warned.

Arid conditions have caused heat stress in the young saplings and caused them to become susceptible to disease, Nicola Spence said at the world’s first international plant health conference, held in London on Wednesday.

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One region in Australia is being shielded from soaring electricity costs because the wind and solar farms that supply it are returning their windfall profits to consumers.

The post Consumers reap rewards of 100 pct renewables as wind and solar farms hand back windfall profits appeared first on RenewEconomy.

A carbon credit ratings agency has awarded high grades to two Verra-accredited peatland restoration projects in Indonesia that are among the biggest credit generators in the market.

EUA prices dipped below a key technical support on Wednesday as the September options contract neared expiry and as the Ukraine conflict appeared set to continue amid a new Russian buildup of forces, while energy prices also jumped as the crisis showed no signs of ending.