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Low-carbon technologies are developing too slowly to curtail global oil demand growth in the next five to seven years, according to research, a trend that may hamper progress towards meeting international emissions targets.

EU gas reductions are on track with objectives, two years into the bloc's plan to end reliance on Russian fossil fuels before 2030, although the new target for 2024-25 leaves room for a step backwards, analysts said.

A Kenya- and US-based social impact enterprise will obtain carbon credits through a programme to provide subsidised solar home systems to refugee communities in Uganda.

Russian constitutional court is considering claim, which activists hope will raise awareness about emissions

A group of activists are fighting for the right to scrutinise Russia’s climate policies, and in particular its enormous methane emissions, in court.

Russia’s constitutional court is considering a claim brought by 18 individuals and the NGO Ecodefense that insufficient action by the Russian state to cut national greenhouse gas emissions is violating their rights to life, health and a healthy environment.

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Australia’s largest carbon project developer has appointed a company board member and industry stalwart as its chair, it announced Friday.

A startup in the autonomous Spanish region of Andalusia has obtained EU funding to assess the carbon sequestration potential of traditional olive groves in hopes of engaging carbon markets, as interest grows in carbon farming, according to Spanish media.

EU carbon allowance prices rallied steadily throughout the morning on Thursday as the Dec-24 EUA contract climbed back into its recent trading range, boosted by a recovery in natural gas prices amid forecasts for lower renewables output.

A US-based environmental trading platform has announced the listing of 10,000 biodiversity credits generated by Colombian developer Terrasos.

Financial institutions in China need more clarity around the legal and financial attributes of carbon assets to unlock the potential of carbon finance in the country, according to researchers.

Origin application for the biggest battery in Queensland says Eraring closure now scheduled for 2028, but company says it is an error.

The post Origin battery application says Eraring closure now scheduled for 2028, but company says it is an error appeared first on RenewEconomy.

The Austrian Parliament voted in favour of replacing its national carbon pricing scheme for fossil fuels – covering the heating and transport sector – with the EU’s upcoming ETS2, which is due to come into effect as of 2027.

The state-owned UK Infrastructure Bank is looking to put money where private investors are not yet willing to go, in an effort to solve the problems standing in the way of reaching net zero emissions by 2050. 

Vietnam’s state oiler PetroVietnam is looking to earn carbon credits for carbon capture and storage (CCS) work that would largely utilise its existing assets in addition to its tree planting efforts of recent years.

An Australian carbon project developer has acquired land funded by an investment firm in exchange for the proceeds of Australian Carbon Credit Units (ACCUs) generated and sold from the property, they announced Thursday.

Watch video of the super-fast Dana squid as it flashes its immense light-emitting organs.

The Strawberry Line network of paths in Somerset has found a way to speed up planning permission and harness the goodwill of the community

In the past two years, multiple sections of a hoped-for 76-mile rural cycling and walking route spanning Somerset have sprouted up around the small town of Shepton Mallet, seemingly every few weeks.

These new routes are popular. One 300-metre section of path in the heart of the town, for example, uses one of Historic Railway Estates’ bridges for the first time for a cycle route (an organisation usually more given to infilling its structures).

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Sir John Armitt urges ministers to act swiftly or risk impeding growth and jeopardising climate targets

Rishi Sunak’s U-turns over net zero have delayed progress on vital infrastructure that is needed for economic growth, the government’s advisers have said.

Sir John Armitt, the chair of the National Infrastructure Commission (NIC), said good progress had been made on renewable energy in the past five years, but changes to key policies, including postponing a scheme to boost heat pump takeup, had created uncertainty and delay.

The government will fail to meet its targets on heat pump rollout.

The promised lifting of a ban on new onshore windfarms has not gone far enough.

Massive investment is needed in the electricity grid.

There is no proper plan for rail in the north and Midlands now that the northern leg of HS2 has been cancelled, severely inhibiting economic growth in those regions.

Water bills will need to go up to fix the sewage crisis, and more reservoirs are needed to avoid drought, while water companies have done too little to staunch leaks.

The UK lacks a coherent strategy on flooding, with more than 900,000 properties at risk of river or sea flooding and 910,000 at risk of surface water flooding.

Good progress has been made on the rollout of gigabit broadband around the country.

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Transgrid CEO Brett Redman on new projects, delays, costs and social licence. Plus: The federal budget and even bigger batteries.

The post Energy Insiders Podcast: Bigging up the grid appeared first on RenewEconomy.

Labor’s Future Made in Australia policy has enough money to move the needle. What matters is implementation – and readiness to adjust course if needed

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Business groups such as ours, alongside investors, unions and climate campaigners, have been calling out for a big push on clean economy investment.

So what should we make of the 2024-25 budget and have those calls been answered?

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Demand for Article 6 credits from developed countries will arise sooner rather than later, however host countries must put necessary policies in place, a conference heard this week.