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The industry regulator orders the two wells in Lancashire to be plugged with concrete.

Western Plains wind farm, and a big battery, lands equity deal to finance the project, and a turbine supply and construction deal with Vestas.

The post Australia’s biggest wind and battery project lands equity and turbine supply deals appeared first on RenewEconomy.

The EU has the legal means to ensure oil majors bear the brunt of costs from a new ETS for buildings and road transport, according to an NGO-commissioned report published on Thursday that seeks to avoid unfairly hitting poorer households. 

Singapore carbon exchange and marketplace Climate Impact X (CIX) remains committed to launching its auctions in Q2, noting lessons learned from the October pilot auction, its CEO said on Thursday.

EU lawmakers remain at odds over how best to shape the bloc's carbon market nearly a month after the release of a draft report, the bloc's parliament heard on Thursday as key MEPs looked unwilling to compromise on core elements.

Brokerage Evolution Markets has announced the launch of a structured transactions group to help its clients navigate the energy transition, manage climate risk, and meet sustainability goals through market-based offtake and risk transfer solutions.

Threatened species don’t just live in national parks. Almost half of their distributions are on private land. Stephen Kearney, PhD student, The University of Queensland April Reside, Lecturer, The University of Queensland James Watson, Professor, The University of Queensland Rebecca Louise Nelson, Associate Professor in Law, The University of Melbourne Rebecca Spindler, Adjunct Professor, UNSW Sydney Vanessa Adams, Senior Lecturer, Discipline of Geography and Spatial Sciences, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

Labour’s Ed Miliband is right to call for a one-off increase in corporation tax on North Sea producers to fund lower bills for consumers

Windfall taxes are nothing new. Margaret Thatcher’s government was one of the most notable users of the tactic – with one-off levies on banks and oil companies for making excess gains in the early 1980s. Perhaps the fact that such duties find favour with the public surprises some who think economic populism is passé. But with gas prices trebling and the bosses of fossil fuel companies proclaiming “cash machine” profits, surely Labour’s Ed Miliband is right to call for a one-off increase in corporation tax on North Sea producers to fund lower bills for consumers.

Big oil’s claim that it is paying its fair share to the Treasury is not credible, given that handouts from the state have often actually exceeded the tax take that the industry generates. Between 2018 and 2020, Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, paid no corporation tax or production levies on North Sea oil operations and claimed tax reliefs of nearly £400m.

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In this role, you will help up-level our company's knowledge base on climate policies and standards. You will also lead strategic policy initiatives and help us craft 3Degrees' voice in policy debates of high relevance to our clients and our business.

European steelmakers upped their output over 2021 as demand picked up following the worst of the pandemic restrictions, though two of the biggest players have been advancing their climate ambitions in preparation for tougher emissions obligations, according to financial results published on Thursday.

The Oregon Clean Fuels Program (OCFP) saw deficit generation outpace credits once again in the third quarter of 2021, shrinking the credit bank of the low-carbon fuel standard to its lowest level in two years, according to government data published this week.

Dorset police appeal for information after white-tailed eagles found dead in south of England

Two of the white-tailed eagles reintroduced to the Isle of Wight have been found dead, police have said.

About 25 of the birds of prey, which have a 2.4 metre (8ft) wingspan, have been released in the area since 2019 as part of an effort to bring back a long-lost species to UK skies.

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No recovery plan for the Australian marsupial was in place despite it being identified as a requirement nine years ago

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The Australian government has officially listed the koala as endangered after a decline in its numbers due to land clearing and catastrophic bushfires shrinking its habitat.

The environment minister, Sussan Ley, accepted the recommendation of the threatened species scientific committee that the koala populations of Queensland, New South Wales and the Australian Capital Territory should have their conservation status upgraded.

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Cloud and rain over the past 10 days bring much-needed relief to heat-stressed coral, government authority says

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The risk of widespread coral bleaching across the Great Barrier Reef has subsided after cloud and rain over the past 10 days caused “substantial cooling” of heat-stressed corals, according to the government’s reef management authority.

Scientists and conservationists have feared it could suffer its sixth major mass bleaching outbreak this summer with record high temperatures over the reef in December.

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Conservationists argue plans to rebuild the Penguin Island centre distract from human impacts affecting the threatened birds

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Plans to build a new $3.3m “discovery centre” on Penguin Island in Western Australia will push the threatened bird colony to breaking point, conservationists say.

The state’s new environment minister, Reece Whitby, unveiled a concept design on Tuesday, which would see the existing centre on the island demolished and a new one built 50 metres away.

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EUAs extended losses for a second day on Thursday, as traders appeared to continue to react to media reports that EU lawmakers are considering changes to the market's price management mechanism.

Insulate Britain supporters donate rent from George Eustice’s office towards protesters’ court costs

The constituency office of the environment secretary, George Eustice, has been bought by supporters of Insulate Britain, who have donated his rent to a legal fund for activists.

Supporters of the group, which made headlines last year by obstructing major roads and calling on the government to retrofit all British homes to make them energy efficient, formed a coalition of investors.

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A partner and co-founder at one of Europe’s largest provider of market-based sustainability solutions has died.

Film-maker urges UK ministers to make it mandatory for schemes to align portfolios with climate target

Pension funds should face legal obligations to bring their investments in line with the net zero greenhouse gas emissions goal, the film-maker Richard Curtis has said.

Curtis, a co-founder of the Make My Money Matter campaigning group, urged ministers to follow up the UK’s legal commitment to reach net zero emissions by 2050 by making it mandatory for pension schemes to align their portfolios with the target.

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German MEP Peter Liese said on Thursday that he plans to make a "careful" amendment to the EU ETS mechanism meant to prevent price spikes that wouldn't "exaggerate the issue".