Feed aggregator

Developer South Pole has partnered with a local community group to establish nature-based offset projects in New South Wales, Australia.

China is hopeful institutional investors will be able to trade in the national emissions trading scheme by year-end, an exchange official told state media this week, a move considered vital to ignite the market’s liquidity.

The EU’s proposed carbon border adjustment mechanism (CBAM) will only have marginal impacts on Australian exports, and could even boost the country’s competitiveness in Europe in the near term, the Australian industry (Ai) Group said Tuesday.

China’s national emissions trading scheme could drive reductions of 30-60% of the nation’s current carbon output by 2060, though is unlikely to have much impact in the near term, found a report released Tuesday.

Flooding, droughts and wildfires will worsen as global heating disrupts the planet’s water cycle

Water problems – drought, with its accompanying wildfires, and flooding – are likely to become much worse around the world as climate breakdown takes hold, according to the biggest assessment of climate science to date.

Global heating of at least 1.5C is likely to happen within the next two decades, according to the Intergovernmental Panel on Climate Change. Temperature rises will be accompanied by big changes in the planet’s water cycle, with areas that are already wet becoming much wetter, and already arid areas becoming prone to greater drought. Extreme rainfall intensifies by 7% for each additional 1C of global heating, the report found.

Continue reading...

Mild conditions deliver a new winter demand "low" on Sunday, the new, rooftop solar inspired bête noire for the market operator.

The post Spring is in the air as Australia’s main grid sets record low for winter demand appeared first on RenewEconomy.

"Big Pharma" is enjoying a much-needed reputational boost off the back of Covid-19 vaccines, and it is now dosing up on climate action and renewable energy.

The post Big Pharma rides vaccine boost with switch to 100 per cent renewables appeared first on RenewEconomy.

Australia’s solar market is seeing a significant shake-up of top-selling inverter and panel brands, as retailers struggle against multiple pricing pressure points.

The post Shipping blues: Solar PV price crunch drives shift to lower-cost suppliers appeared first on RenewEconomy.

Protected area delivered a tenfold return on investment, with benefits for fishing, biodiversity and tourism

A marine protection area established off the coast of Mallorca is proving beneficial not just for the environment but for business, too, according to a study that appears to confirm the long-term benefits of MPAs for both habitats and economies.

According to the study, carried out by the non-profit Marilles Foundation, the protected area has generated €10 in benefits for each euro of the €473,137 (£402,000) invested in the scheme.

Continue reading...

Key business group plays down threat of carbon border adjustment mechanisms, but warns net zero pledges will slash demand for Australian coal and gas.

The post Net zero pledges, not border taxes, are biggest threat to Australia’s fossil fuel exports appeared first on RenewEconomy.

Santos says its flagship CCS project needs a carbon price, and it is counting on a $70/tonne price by 2030.

The post Santos counts on $70/tonne carbon price for flagship CCS project appeared first on RenewEconomy.

"Get on with it, or to get out of the way." NSW energy minister Matt Kean warns LNP leaders to act on climate change, or risk getting voted out.

The post “Failure not an option”: Kean wants voters to send message to leaders failing on climate appeared first on RenewEconomy.

Australia’s usual approach to big international negotiations is to hold out, before reluctantly making “concessions”. It’s the wrong approach for trade, and the wrong approach for climate change. Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University Licensed as Creative Commons – attribution, no derivatives.

Kick-starting a hydrogen industry could attract billions in investment, the UK government says.

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

Justin Sullivan has been following California's second-largest reservoir's falling water levels.

The UK unveiled its hydrogen strategy on Tuesday, proposing to use contract-for-difference funding that gives no preference to renewables-derived production over captured fossil gas.

Government sets out plan for low-carbon economy that could also create thousands of jobs

About 3 million households in the UK could begin using low-carbon hydrogen to heat their homes and cook rather than fossil fuel gas under government proposals to attract at least £4bn of investment to the hydrogen economy by 2030.

The government has published its long-awaited plans for a UK-wide hydrogen economy, which it says could be worth £900m and create more than 9,000 high-quality jobs by the end of the decade, rising to £13bn and 100,000 new jobs by 2050.

Continue reading...

In this you will play a key role in shaping our story. Part of an agile team with an extensive and influential remit, this role is particularly focused oversee environmental performance and compliance with bp's sustainability frame across Australia & NZ (ANZ) entities. This role sits on our new look ANZ Communications and Advocacy Leadership Team.

The Niskanen Center is seeking a climate director for its prominent and growing climate policy department. This is a full-time, senior-level position that reports to the Vice President of Policy. Regular engagement with the Vice President of Government Affairs, Senior Vice President, and President are also anticipated.