Feed aggregator

Washington’s third quarterly carbon allowance auction in September will feature the highest number of current vintage permits offered so far this year, according to a notice published by the state's Department of Ecology (ECY) Wednesday.

Financial institutions have a key role to play in funding green building construction and retrofits to cut energy use, running costs and emissions. Ehsan Noroozinejad, Senior Researcher, Urban Transformations Research Centre, Western Sydney University Nicky Morrison, Professor of Planning and Director of Urban Transformations Research Centre, Western Sydney University Licensed as Creative Commons – attribution, no derivatives.

California Carbon Allowance (CCA) prices moved higher as market participants positioned ahead of next week's rulemaking workshop, while Washington Carbon Allowance (WCA) values were up, with volumes picking up momentarily in the otherwise muted market.

Alberta Technology Innovation and Emission Reduction (TIER) system credit prices dropped below $50 as transaction activity in June slid from all-time highs into the 2023 compliance deadline with record levels of retirements, according to a report published Tuesday.

The UK is facing its first general election in nearly five years on Thursday, with polls positioning opposition Labour leader Keir Starmer as the clear frontrunner to become the next Prime Minister of the country, which would see the right-leaning Conservative government leave power for the first time since 2010.

Company blames delay on weak demand and confusion over government policies on ‘tariffs, timings, and taxation’

Sir Jim Ratcliffe’s Ineos has delayed the launch of its Fusilier electric SUV, blaming weak consumer demand and uncertainty about government policies.

Ratcliffe only unveiled plans to produce the low-emission vehicles in February, with production expected to begin in 2027.

Continue reading...

A climate fund has chosen new nature-based carbon projects, and energy-focused emissions reductions activities, after assessing hundreds of applications among its 2024 cohort, following on from a durable carbon removals selection round earlier this year.

France will support the deployment of offshore wind power thanks to a €10.82 billion state aid scheme approved by the European Commission on Wednesday, despite opposition from the far-right which appears closer than ever to having a majority in Parliament following elections to be held on Sunday.

A voluntary carbon standard has released its new methodology for crediting durable removals from biochar production and storage, which will now face a public consultation.

As the UK faces declining oil and gas production in the North Sea, transitioning the region to offshore wind, green hydrogen, and carbon capture and storage (CCS) would provide energy security and valuable know-how, though the impact on workers and the environment needs to be carefully managed, experts say.

As power demand ramps up and generation becomes more dispersed and variable, electricity grid interconnectors will help to balance supply with demand levels and encourage countries to work together to secure energy supplies.

Half of the landfill gas credits issued by the Climate Action Reserve (CAR) likely fail additionality tests, despite the ICVCM approving the related methodology for its Core Carbon Principle (CCP) integrity stamp, according to analysis from a non-profit.

Ecuador signed a €23.4 million ‘REDD Financial Contribution Contract’ with German development bank KfW on Monday as the country seeks to promote mitigation projects and boost voluntary carbon market (VCM) activity following years of disengagement.

The oldest example of cave art has been discovered on an Indonesian island and dated back 51,200 years.

We’ve been back twice a week since that first morning. It’s still freezing and we’re still slow, but the shock of it has gone

• Get our morning and afternoon news emails, free app or daily news podcast

When my mum died in 2012, I found a box of her old life-saving medals that she’d been awarded as a teenager. She grew up in public housing in Williamstown, with a full-time working mother and a father who never really returned postwar. She used to say swimming saved her. It gave her a purpose, a sense of place, somewhere to belong when life at home was hard. Later she taught my brother and me to swim, and then my children, instilling in each of us a love of the water that has never gone.

My grandmother stayed in her one-bedroom high-rise tower flat facing the Williamstown beach until she had to move into an aged care home. For her, the smell of the salty sea drifting across land to her window on the fifth floor made her feel home. Gran wasn’t a swimmer, but she was a great supporter of the life saving club, earning lifetime membership in 1961. And when I checked, her name is still on the honour roll.

Continue reading...

The entrepreneur claims agency exaggerated the costs of the Coalition plan despite it using best-case scenario South Korea as the benchmark

High-profile entrepreneur Dick Smith entered the ongoing radioactive debate on nuclear energy this week, accusing government agencies of misleading ministers over the costs of reactors and the practicalities of renewables.

But Smith’s complaints about what the Australian Energy Market Operator’s plan for the future of the grid says, or how CSIRO calculated the costs of nuclear, are themselves misleading.

Continue reading...

Two Argentine developers have partnered with a Switzerland-headquartered foundation to launch separate biodiversity credit projects in two South American forests over 11,000 hectares, with plans to market them at the upcoming COP16 summit, Carbon Pulse has learned.

The Austrian government is looking at the reforms needed to enable carbon capture and storage (CCS) in the country in an effort to tackle hard-to-abate emissions from sectors like steelmaking and cement.

UK-headquartered nature platform provider Natcap announced Wednesday it has secured $10 million in a Series A funding round to scale its technology for supporting companies in assessing nature-related risks and opportunities.

The EU ETS could end its current phase in 2030 with a total surplus of 1.7 billion allowances, including 900 million permits in various reserves, but progress in reaching targets for green hydrogen could alter this outlook, according to a new study.