Feed aggregator

Oxy Low Carbon Ventures, a subsidiary of oil major Occidental (Oxy), and fusion energy developer TAE Technologies announced Tuesday they will partner on the development of technology to provide emissions-free power and heat to direct air capture (DAC) facilities.

The Financial Accounting Standards Board (FASB) on Wednesday unanimously voted to standardise how US companies account for environmental credits including carbon offsets.

Companies' desire to be “quick and flexible” in meeting net zero targets may opt out of the Science-Based Targets initiative (SBTi), following recent internal controversy regarding the eligibility of voluntary carbon credits in offset of Scope 3 emissions under SBTi targets, conference attendees heard Wednesday.

Researchers found blood-lead levels in sparrows were a predictable indicator of blood-lead levels in children – showing how humans and nature are inextricably linked. Max M Gillings, PhD Candidate, School of Natural Sciences, Macquarie University Mark Patrick Taylor, Chief Environmental Scientist, EPA Victoria; Honorary Professor, School of Natural Sciences, Macquarie University Simon Griffith, Professor of Avian Behavioural Ecology, Macquarie University Licensed as Creative Commons – attribution, no derivatives.

Carbon taxes are widely regarded as essential tools in the fight against climate change, but new research highlights significant differences in how they impact households across Europe, challenging the notion that they are uniformly regressive.

The market for off-grid solar is booming in Australia as panel prices drop and customer scale up installation ambitions.

The post Plunging solar module prices drive massive boom in off-grid renewable projects appeared first on RenewEconomy.

Washington's Q2 current vintage auction settled almost $6 above the scheme’s floor price, against most market expectations, with limited speculative participation amid uncertainty surrounding the future of the state’s carbon market.

Climate change is increasing the risk of wildfire across the US, a new study shows, with extreme conditions once considered rare now occurring with disturbing frequency.

Leaders of the G7 group of developed economies are gathering on Thursday (June 13) for their annual meeting, with a host of global crises on the agenda to keep them busy.

The G7 summit starting on Thursday, just a few days after European elections, lays bare security issues and high-level geopolitics as the main obstacles towards phasing out fossil fuels and reaching the Paris climate goals.

The burden of transition on economically insecure voters must be eased via a more ambitious fiscal approach by governments

Following the European parliament elections of 2019, the newly elected president of the European Commission, Ursula von der Leyen, told MEPs: “If there is one area where the world needs our leadership, it is on protecting our climate … We do not have a moment to waste. The faster Europe moves, the greater the advantage will be for our citizens, our competitiveness and our prosperity.”

Five years on, all that remains true, and the urgency of taking decisive action is even greater. Last week, the United Nations general secretary, António Guterres, warned that the world faced “climate crunch time”, referring to new data revealing that the crucial 1.5C threshold for global heating was breached over the past year. But the politics of climate action in Europe is lurching in the wrong direction at alarming speed.

Continue reading...

The European Commission will offer €1.2 billion in the second auction for green hydrogen projects, accounting for a quarter of the Innovation Fund's budget this year, the trade group Hydrogen Europe announced on Wednesday.

The party’s manifesto, which pledges to use a wealth tax to revitalise our public services, shows it can push Labour to raise its ambitions

All governments betray the hopes of their supporters. But Labour is getting its betrayal in early. By ruling out a wealth tax and other measures that could fund our collapsing public services and our increasingly desperate care and welfare needs; by failing to denounce the unfolding genocide in Gaza; by remaining silent about the curtailment of our rights to protest; by breaking its promises on everything from a national care service to the abolition of the House of Lords and a right to roam, Keir Starmer’s party appears to wear betrayal as a badge of honour. This country is desperate for change, but while Starmer mumbles the word in every sentence, he offers as little as he can get away with.

Why? Labour’s anticipatory betrayal is motivated by anticipatory compliance. This means avoiding conflict with billionaire-owned media, the financial, property and fossil fuel sectors, by giving them what they want before they ask. You could call this approach “political realism”. But the “realistic” result is a politics dominated by the sinister rich. Dysfunction and misrule are baked in.

George Monbiot is a Guardian columnist

Guardian Newsroom: Election results special. Join Gaby Hinsliff, John Crace, Jonathan Freedland and Zoe Williams on 5 July

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

Continue reading...

Peak global oil demand will be reached in 2030 amid a “unprecedented” glut of supply after investors were caught napping by the rush to adopt clean technologies, warned the International Energy Agency (IEA) on Wednesday.

A removals registry has developed a protocol for biogenic carbon capture and sequestration (BCCS), with requirements on the sourcing of sustainable biomass, and a bioenergy producer signed on as the first supplier.

A regional partnership seeking to advance nature conservation efforts in Latin America and the Caribbean has drafted a new strategy to meet the ambitious goal of protecting and restoring 50 million hectares of land by 2030.

The arrival of a new Labour government would clear the way for Britain to link its emissions trading scheme with the EU’s within the next few years, pushing UK prices up to parity as soon as the intention is signalled and aligning the two markets over the longer term, experts said on Wednesday.

'Well-intentioned' initiatives such as the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations often fail to provide stakeholders with decision-useful information, as companies tend to highlight their sustainability successes rather than nature-related risks, found a study published on Monday.

Issuances of the lowest-quality credits have fallen by almost half so far this year as a total share of the market, although the grade continues to house the largest share of credits, according to a rating agency.

The chemical industry is calling for faster implementation of the European Green Deal after the 2024 EU Parliament elections, saying cheap and abundant renewable electricity will be the cornerstone of the industry’s ability to compete on the global stage in the 2030s.