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Eight presidents including Brazil leader Lula fail to commit to end deforestation by 2030

Amazon leaders have called on rich countries to help them develop a Marshall-style plan to protect the world’s largest rainforest – but stopped short of committing to zero deforestation across the biome by 2030 amid divisions over oil extraction.

In a joint declaration at the end of a two-day summit in the Brazilian city of Belém on Wednesday, the eight South American countries that are home to the Amazon rainforest said ensuring its survival could not be solely up to them, as resources from the forest were consumed globally.

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A steelmaker headquartered in the EU has signalled its outlook for production in the region is the weakest across its global portfolio, joining other members of European heavy industry in a pessimistic economic view for the continent for the remainder of 2023.

A group of climate activists has sued one of Australia’s biggest energy companies over what it claims to be greenwashing, as the firm offers “carbon neutral” electricity and gas to customers based on the purchase of carbon credits.

More than 300,000 homes and businesses in the eastern US were without power after storms passed over the region, killing at least two people and disrupting air travel. The National Weather Service highlighted the tornado risk for more than 29.5 million people across a region spanning Alabama to western New York state

• Two dead and hundreds of thousands without power as storm hits eastern US

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The price of Australian Carbon Credit Units (ACCUs) jumped 5% on Wednesday as traders were made to pay higher in order to unlock supply.

Won’t someone think of the efficiency dividend?

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The head of a global climate investment and advisory firm has been appointed chair of Australia’s A$15 billion ($9.8 bln) National Reconstruction Fund.

The BlackRock climate fund is a start, but New Zealand needs a comprehensive approach to tackling its various environmental and economic vulnerabilities to the climate crisis. Kevin Trenberth, Distinguished Scholar, NCAR; Affiliate Faculty, University of Auckland Licensed as Creative Commons – attribution, no derivatives.

The Data Clearing House will connect behind-the-meter devices in 200 commercial buildings to a single platform.

The post CSIRO pilot to turn hundreds of buildings into smart, battery-like grid partners appeared first on RenewEconomy.

Australian Energy Regulator says it needs more time to decide on a dispute to the proposed design of the huge grid upgrade from the organisers behind a tractor protest.

The post Regulator takes extra time to weigh VNI West dispute as tractor protest heads to town appeared first on RenewEconomy.

Indonesia Investment Authority (INA) has partnered with a global climate change advisory and investment firm to explore nature-based solutions investment and strategic opportunities in the Southeast Asian country, they announced Wednesday.

Energy commentator David Roberts on Biden’s Inflation Reduction Act, partisan politics and some exciting new technologies. Plus: This week’s major news.

The post Energy Insiders Podcast: What Australia can learn from Uncle IRA appeared first on RenewEconomy.

In recent years, the Barrier Reef has had a reprieve – and coral has regrown strongly. But now the reprieve looks to be over and the heat is back on Mike Emslie, Senior Research Scientist, Australian Institute of Marine Science Daniela Ceccarelli, Research fellow, Australian Institute of Marine Science David Wachenfeld, Research Program Director- Reef Ecology and Monitoring, Australian Institute of Marine Science Licensed as Creative Commons – attribution, no derivatives.

Battery industry warns that new attempts to impose operating restrictions on big batteries will increase costs and delay investment.

The post “Bad policy:” Battery industry warns reheated rules will delay investment appeared first on RenewEconomy.

Australia's second declared offshore wind development zone has opened to expressions of interest from proposed projects.

The post Hunter offshore wind zone opens to bids as Bowen urges media to focus on “the facts” appeared first on RenewEconomy.

A summit in Brazil sees the countries that share the Amazon basin agree only to a new alliance on the issue.

Rip currents are one of the great dangers of Australian beaches. We can learn a lot about avoiding and escaping this natural hazard by asking survivors what being caught in a rip is really like. Samuel Cornell, PhD Candidate, UNSW Beach Safety Research Group, School of Population Health, UNSW Sydney Amy Peden, NHMRC Research Fellow, School of Population Health & co-founder UNSW Beach Safety Research Group, UNSW Sydney Rob Brander, Professor, UNSW Beach Safety Research Group, School of Biological, Earth & Environmental Sciences, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Charging beats pumping as the energisation of two new battery projects takes charging capacity of battery storage above that of pumped hydro.

The post Battery storage capacity overtakes pumped hydro on Australia’s main grid appeared first on RenewEconomy.

A passing hawk drops a serpent on Peggy Jones as she mows grass, leading to a three-way struggle.

Middle Arm is part of an imagined scenario where carbon released from one source is used or stored by others. In reality, these projects are grand experiments with our climate.

The post Darwin’s “sustainable” Middle Arm project reveals massive climate policy gamble appeared first on RenewEconomy.