Feed aggregator

A month of floods, fire and heatwaves from Rome to Chile

Continue reading...

Northern hemisphere suffering severe heatwave and record temperatures; John Kerry signals ‘big steps’ at Beijing talks; China and Vietnam evacuate tens of thousands ahead of typhoon Talim

• Extreme temperatures recorded across northern hemisphere

Meanwhile prolonged high temperatures in China are threatening power grids and crops and raising concerns about a repeat of last year’s drought, the most severe in 60 years.

Tens of thousands of people were evacuated in southern China and Vietnam on Monday as typhoon Talim barrelled towards land, AFP reports.

The China Meteorological Administration said typhoon Talim made landfall on the coast of Guangdong province at around 10:20 pm (1420 GMT).

Continue reading...

Bowen announces sector by sector decarbonisation plans, won't support 2035 net zero target, but takes a long handle to Coalition climate denial and nuclear push.

The post Bowen unveils sector by sector decarbonisation plan, but says no to 2035 net zero target appeared first on RenewEconomy.

The British Columbia government will impose more stringent emissions benchmarks and usage limits on performance credits and offsets than other Canadian jurisdictions as it commences an output-based pricing system (OBPS) for industrial facilities next year, according to a recent provincial plan.

Cashed up and highly experienced consortium announces plans for up to 2GW Sea Fern Floating Offshore Wind project in NSW waters.

The post Spark consortium unveils 2GW floating offshore wind plan for Hunter zone appeared first on RenewEconomy.

Fossil fuel lobby and mainstream media are agitating for an extension of Eraring on grounds it is needed to “keep the lights on." This is a massive furphy and a bad idea.

The post Australia’s biggest coal plant can close in 2025 and lights won’t go out. Here’s how appeared first on RenewEconomy.

Chinese counterpart Xie Zhenhua seeks ‘common ground’ in first key summit between two largest carbon emitters since US-Beijing freeze

John Kerry, the US climate envoy, has called for more rapid action to confront the climate crisis in a crucial visit to China that is taking place against a fraught backdrop, with both countries currently baking under record heatwaves and Kerry facing hostile opposition from Republicans back home.

Kerry’s meeting with Xie Zhenhua, his Chinese counterpart, for three days of formal talks in Beijing is the first substantive summit between the world’s two largest carbon emitters on the climate crisis since relations were frozen last August, when Nancy Pelosi, the then-House of Representatives speaker, visited Taiwan, a move condemned by China’s leadership.

Continue reading...

Vertical farms are going through a tough period - do the hi-tech indoor farms have a future?

A software startup has raised $25 million to build a registry exclusively focused on durable carbon removals that is set to feature a revenue model to guard against giving perverse incentives to over-credit.

CEC calls for extension to renewable energy target as new investment in wind and solar falls to a fraction of the amount needed to meet 82 pct target.

The post Australia urged to extend RET, ignore “fossils and fools” to reach renewable target appeared first on RenewEconomy.

Sun Cable turns to wind as new owners take control with duties split over the domestic market and the export cable components.

The post World’s biggest solar project to add wind as new owners prepare to take charge appeared first on RenewEconomy.

The latest GenCost report from the CSIRO and AEMO says wind and solar remain the cheapest new sources of power, even after a big hit from inflation

The post Wind and solar remain cheapest new sources of power, even after inflation hit appeared first on RenewEconomy.

RGGI Allowance (RGA) values skipped higher in heightened transaction activity mid-week, in sync with the rally in California Carbon Allowance (CCA) values and broader macro upbeat sentiment after a softer-than-expected US inflation print.

The European heatwave may last into August, the World Meteorological Organisation warns.

Projects have not been delivered. States are bickering. If the Albanese government is to uphold its election promise to deliver the Murray plan, hard tradeoffs are needed. Jamie Pittock, Professor, Fenner School of Environment & Society, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The climate finance space is at risk. Confronted with an onslaught of agenda-driven media coverage aiming to discredit one of the largest sources of funding available for forest protection, mechanisms like REDD+ and voluntary carbon markets could be unfairly discredited to the point of losing momentum and support at a critical time for climate action. REDD+ credits, specifically projects financed through the Voluntary Carbon Market (VCM), have faced increasing criticism in the media over the past year.

A Canadian carbon credit investor has begun its orphaned oil and gas well sealing endeavour using an American Carbon Registry (ACR) methodology, with a partner organisation plugging dozens of wells in the US as part of the project, the company announced on Monday.

The latest plan to prepare the UK for intense heatwaves and flooding falls short of expectation.

The EU announced a slew of clean energy investments with Latin American and Caribbean nations on Monday, the first day of a two-day leaders' summit that provides a further signal of the 27-nation bloc's pivot away from Russia and China. 

Carbon credit prices generally edged lower over the past week amid a summer lull in the market although expectations of investment in the voluntary sector remained high.