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One of Japan's major trading houses has partnered with a French startup to expand their presence in the international voluntary carbon market, with plans to operate an investment platform for nature-based solutions and develop removal projects in Africa.

Global online and AI giant Meta has signed a 25-year power purchase agreement (PPA) to support the development of a 150MW floating solar PV system in Singapore.

The post Meta signs 25-year off take deal for planned floating solar PV system to support regional data centres appeared first on RenewEconomy.

I sometimes wonder how senior management at gas companies rationalise what they do to the lives of their kids and grandkids, never mind everyone else’s.

The post Social hour at the gas rodeo: Why the market is broken appeared first on RenewEconomy.

Experts say previous economic models underestimated impact of global heating – as well as likely ‘cascading supply chain disruptions’

Economic models have systematically underestimated how global heating will affect people’s wealth, according to a new study that finds 4C warming will make the average person 40% poorer – an almost four-fold increase on some estimates.

The study, by Australian scientists, says average global GDP per person will be reduced by 16% even if warming is kept to 2C higher, . This is much higher than previous estimates of a drop of about 1.4%.

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The mid-term outlook for oil remains relatively strong, but less so for refiners, with more than a fifth of them facing the possibility of closure next decade driven in large part by decarbonisation efforts and carbon taxes, in Europe especially, according to an energy consultancy report.

Singapore has signed an implementation agreement on carbon credits with Peru under Article 6 of the Paris Agreement, marking the city state's first such partnership with a Latin American nation, Singapore's Ministry of Trade and Industry announced on Tuesday.

A US-based, celebrity-endorsed carbon offsets company in the middle of a $145-million fraud case launched against its co-founder has filed for bankruptcy.

The flood-affected area in outback Queensland has grown to double the size of Victoria after experiencing its worst deluge in 50 years. Water broke the banks of a makeshift levee in Thargomindah in the state's south-west, forcing the evacuation of 100 residents. Stock losses are expected to be catastrophic and more rain is forecast for the coming week

• Outback deluge pushes Queensland towns to the brink: ‘Out here it’s drought or floods’

• Rain records to fall in Queensland with Townsville to set new annual high – in April

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To date, projections of how climate change will affect global GDP have been massively underestimated. Timothy Neal, Senior lecturer in Economics / Institute for Climate Risk and Response, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

The world's largest producer of gold will source renewable electricity from Western Australia's biggest wind farm, to help power its local gold and copper mine operations.

The post World’s biggest gold miner signs up to buy green power from WA’s biggest wind farm appeared first on RenewEconomy.

Huge volumes of rain have made parts of western Queensland an inland sea, threatening livestock. Soon, this water will trigger an explosion of life in Lake Eyre. Steve Turton, Adjunct Professor of Environmental Geography, CQUniversity Australia Licensed as Creative Commons – attribution, no derivatives.

Peter Dutton’s entire extra supply from his National Gas Plan will disappear up a smokestack if wind and solar is prevented from replacing ageing coal power.

The post Dutton’s gas plan will run out of gas – unless he embraces wind and solar appeared first on RenewEconomy.

The Pacific Resilience Facility (PRF) is open to financing projects developed under Article 6 and leveraging private capital for further investment in the future, according to its general manager. 

A major green iron project has secured land to host its giant electrolyser, and is hoping to get the project up and running before the end of the decade.

The post Huge green iron project back on track with new land deal for giant electrolyser appeared first on RenewEconomy.

City of Sydney moves step closer to banning gas connections in new homes and businesses, seeks views on how best to electrify everything.

The post Sydney gets ready for fossil gas ban, seeks views on how best to electrify homes, business appeared first on RenewEconomy.

Global pop superstar Taylor Swift has been appointed Global Youth Engagement Ambassador for COP30, the upcoming UN climate summit in Belem, Brazil, sparking an unexpected tidal wave of interest from her devoted fanbase — and prompting organisers to radically rethink logistics.

Australia is the global solar pathfinder because it has to be, and because it has demonstrated that it is straightforward and low cost. 

The post Chart of the Day: Australia is the global solar pathfinder, because it has to be appeared first on RenewEconomy.

Australia’s reformed Safeguard Mechanism officially completed its first compliance cycle on Monday, however activity remains quiet, as all eyes are fixed on the May 3 election.

In the rush to call the election, it appears the Albanese government left at least one federal climate policy in a state of limbo.

The post Is Australia’s “carbon neutral” scheme being abandoned? appeared first on RenewEconomy.

AGL-backed offshore wind project allowed to conduct marine studies, on condition it uses slow boats and employs whale watchers and underwater archaeologists.

The post Offshore wind project skips EPBC review after promising slow boats and whale watchers appeared first on RenewEconomy.