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Demand for Australian Carbon Credit Units (ACCUs) will continue to be limited this year as buyers and emitters demonstrate “a reluctance to accumulate” in response to new compliance obligations under the Safeguard Mechanism, a leading local bank said Thursday.

A Singapore-headquartered biochar project developer has teamed up with an Indian renewable energy firm to generate high-quality carbon sequestration credits while also developing ethanol for aviation fuel, the companies announced Thursday.

Significant price consolidation of Australian Carbon Credit Units (ACCUs) sourced from different project types is unlikely to occur until the first compliance deadline to surrender credits under the Safeguard Mechanism in early 2025, a trader said Thursday.

Analysts have dropped their outlook for benchmark permit prices in the UK carbon market in 2024, citing oversupply, policy uncertainty, and expectations that a wide discount to EUAs will remain a characteristic of the British scheme.

How’s the humidity? Australia’s east coast has been hit by intense humidity this summer. Here’s why – and why it’s a risk Steven Sherwood, Professor of Atmospheric Sciences, Climate Change Research Centre, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Renew Economy's updated website is designed to help our readers better navigate the green energy transition.

The post Renew Economy has had a make-over to help you navigate the green energy transition appeared first on RenewEconomy.

Fast-growing monocultures are less able to withstand extreme weather events than varied woodlands, researchers find

As 90mph winds whip across the UK and Europe this week, new research shows forests containing diverse tree species are more likely to stay standing than monocultures when hit by extreme weather.

Forests with two or three tree species are on average 35% more resilient to storms than forests with only one species, simulations created by researchers found. The type of trees also matters – forestry plantations are typically made up of fast-growing tall trees such as conifers, but they are more vulnerable to high winds than slower-growing hardwood species such as oak.

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Andrew Forrest's first major green hydrogen production project in Australia - at the Gibson island ammonia plant in Queensland - is facing crunch time in coming weeks over whether it can go ahead or not.

The post Crunch time for Forrest’s big green hydrogen plan as energy costs bite appeared first on RenewEconomy.

The rise of multiple new carbon market exchanges in the Asia Pacific in recent years will help bring price transparency and encourage market development, but they could risk splintering liquidity, panellists told a conference Wednesday.

A blockchain-based metadata platform that seeks to foster transparent accounting in carbon markets is seeking data integration with more national registries this year, with multiple projects already in the pipeline.

Battery storage is now confirmed as the dominant player in the provision of key services to the grid, as batteries and demand management nudge out fossil fuel generators.

The post Battery storage now dominates system services market for main grid appeared first on RenewEconomy.

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

Ace Energy secures connection agreements for two new big batteries that will feature grid forming inverters.

The post AEMO provides connection approval for another two grid-forming big batteries appeared first on RenewEconomy.

A Rio de Janeiro-based developer has received R$186.7 million ($37.8 mln) in financing from Brazil's national development bank for forest restoration in the country's Amazon and Atlantic Forest biomes, it announced Wednesday.

Verra provided stakeholders with updated information and timelines on a number of methodological, operational, and other aspects of its reform push in a webinar Wednesday, as the registry continues to seek a 'new era' following sustained criticism and controversy in the voluntary carbon market (VCM).

Climate Action Reserve President Craig Ebert provides a response to the misguided focus on low-quality credits and the elusive supply chain mitigation.

California issued its first compliance-grade offsets of the year, with more than two-thirds of issued credits tagged with direct environmental benefits to the state (DEBs), while over 1.1 million credits saw their invalidation periods expire, according to data published by state regulator ARB on Wednesday.

The US Environmental Protection Agency (EPA) granted permits on Wednesday for carbon sequestration wells in two Indiana counties, even as state lawmakers introduced legislation earlier this month requiring approval from local authorities for such projects.

US Fish and Wildlife Service completes review of petitions and finds 10 new species that may be added to Endangered Species Act

Federal wildlife officials announced on Wednesday they will consider adding 10 new species to the Endangered Species Act, including a big bumblebee that serves as an important pollinator across the United States.

US Fish and Wildlife Service officials said they had completed 90-day reviews of petitions to add the species to the list and determined that listing may be warranted. The finding triggers reviews of the species’ status.

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A Toronto-based venture capital firm successfully raised $335 million in commitments towards its third fund investing in clean technology solutions.