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Australia's eternal quest to protect its fossil fuel industry has caused an incredible and embarrassing international climate policy incident for the hosts of COP26.

The post UK trade deal: Morrison begins COP26 season by causing a major international mess appeared first on RenewEconomy.

Swiss firm Climeworks on Wednesday launched the world’s largest direct air capture (DAC) and storage plant powered by renewable energy, with the Iceland facility's removal credits already in fiery demand.

California offset issuances slid to a more than two-month low this week, as regulator ARB doled out nearly 230,000 new credits mostly to ozone-depleting substance (ODS) projects, according to data published Wednesday.

Major research found Australia must keep 95% of coal in the ground to limit global warming. With a little political will, this would be easy to do. John Quiggin, Professor, School of Economics, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

RES and Energy Estate propose a 900MW wind, solar and battery project, part of a plan for 2GW of renewables to support major industrial loads.

The post Huge wind, solar and battery project proposed for central Queensland appeared first on RenewEconomy.

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Traders are anticipating the upcoming Q3 RGGI auction to settle at or slightly above the secondary market, with compliance entities holding allowances close to current emissions through the first half of the year.

At least 866 arrested since April, as police condemned for violence against protesters defending Vancouver Island’s ancient forests

A string of protests against old-growth logging in western Canada have become the biggest act of civil disobedience in the country’s history, with the arrest of least 866 people since April.

The bitter fight over the future of Vancouver Island’s diminishing ancient forests – in which activists used guerrilla methods of resistance such as locking their bodies to the logging road and police responded by beating, dragging and pepper-spraying demonstrators – has surpassed the previous record of arrests set in the 1990s at the anti-logging protests dubbed the “War in the Woods”.

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Virtually all of Australia's coal reserves must go unburnt, and global fossil fuel use must peak 'over next decade', new research finds.

The post 95 per cent of Australia’s coal must remain in ground to meet global climate targets appeared first on RenewEconomy.

Analysis shows future is bleak for fossil fuel industry with trillions of dollars of assets at stake

The vast majority of fossil fuel reserves owned today by countries and companies must remain in the ground if the climate crisis is to be ended, an analysis has found.

The research found 90% of coal and 60% of oil and gas reserves could not be extracted if there was to be even a 50% chance of keeping global heating below 1.5C, the temperature beyond which the worst climate impacts hit.

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Three Indiana-based offset projects are seeking to transition into the Low Carbon Fuel Standard (LCFS), with the new petition following similar efforts by dairy digesters over the past few years, according to documents published by state regulator ARB on Wednesday.

The European Securities and Markets Authority "stands ready" to raise concerns voiced in a complaint about alleged market abuse in the EU ETS filed by a participant, according to email correspondence seen by Carbon Pulse, and with relevant committees and agencies the watchdog said they will consider action.

Carbon and natural gas prices are likely to diverge in the coming months, as gas supply improves and the surplus of EU emissions allowances shrinks, according to an analyst.

EU carbon prices erased Tuesday's loss in early trading on Wednesday, climbing within a few cents of their record after TTF natural gas prices surged on the back of reduced production at a key North Sea platform.

Campaign launched to protect 80% of Amazon and for conservation to be based on human rights as indigenous peoples get to vote at key gathering

Indigenous voices on the environment are finally being heard as Marseille hosts a global biodiversity summit, with a call to protect 80% of the Amazon, as well as a “counter conference” highlighting the conservation movement’s historic violation of people’s rights.

For the first time in its seven-decade history, the International Union for Conservation of Nature (IUCN) is including indigenous peoples as full voting members. Dozens of indigenous meetings are happening at the summit – which occurs every four years – with representatives from 23 organisations.

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South Korea’s monthly CO2 auctions continue to draw limited interest despite strong price growth, with buyers picking up fewer than half the available allowances at Wednesday’s September sale.

Mitsubishi will partner with Shell on a project to produce hydrogen from Canada to Japan and other Asian markets from the latter half of this decade, the company announced on Wednesday.

There is overwhelming interest in conservation finance from global investors, but access to finance tools such as biodiversity offsets and investable large-scale deals remains a roadblock, according to research published on Wednesday.

New Zealand carbon allowances raced to new highs in Wednesday trade, as the EPA posted data showing a 33% increase in speculator NZU holdings in the June quarter.

A mobile plug-and-play solar plant will help power greener hydrogen production at the world’s largest open pit platinum mine, and fuel the world’s largest HFC mining truck.

The post Plug-and-play solar tapped to green up hydrogen production at massive platinum mine appeared first on RenewEconomy.