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Australia in the dark on its own fossil fuel emissions, says Superpower Institute

RenewEconomy - Tue, 2023-11-28 10:30

Pollution and Dead Tree erf auction emissions tree - optimisedSuperPower Institute says Australia has little idea of the extent of its fossil fuel emissions and wants to create a state-of-the-art data network.

The post Australia in the dark on its own fossil fuel emissions, says Superpower Institute appeared first on RenewEconomy.

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Paper casts doubt on PNG’s carbon projects and govt’s ability to oversee them

Carbon Pulse - Tue, 2023-11-28 10:16
An academic discussion paper has questioned the veracity of the REDD+ carbon projects being developed in Papua New Guinea and argued regulations being introduced to manage them will do little to improve their governance.
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The t-shirt chewing enzyme ready to tackle plastic waste

BBC - Tue, 2023-11-28 10:03
A French start-up is ready to use an enzyme which can break down plastic on an industrial scale.
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Former world leaders seek $25bn levy on oil states’ revenues to pay for climate damage

The Guardian - Tue, 2023-11-28 10:01

Gordon Brown leads those signing letter to Cop28 and G20 presidents calling for levy to help fill ‘loss and damage’ fund

The bumper revenues of oil-producing states should be subject to a $25bn levy to help pay for the impact of climate disasters on the world’s poorest and most vulnerable people, a group of former world leaders and leading economists has said.

Seventy international figures led by the former UK prime minister Gordon Brown signed a letter calling for the measure before a crucial UN climate summit, Cop28, that begins in Dubai on Thursday. The signatories include 25 former prime ministers or presidents.

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VCMI sets lower bar for carbon credit buyers’ integrity code, floats new Scope 3-based claim

Carbon Pulse - Tue, 2023-11-28 10:01
The Voluntary Carbon Markets Integrity Initiative (VCMI) issued new guidance for carbon credit-buying firms on Tuesday, lowering some of its thresholds and floating a new claim concept that would enable some carbon credits to be used to meet value chain emissions targets.
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Methane emissions from coal mines may be double estimates -report

Carbon Pulse - Tue, 2023-11-28 10:01
Global methane emissions from coal mines may be twice as high as reported by governments, according to analysis by global energy think tank Ember.
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Emitters and financials shed net holdings across CCAs and RGAs, as WCAs remain short

Carbon Pulse - Tue, 2023-11-28 09:12
Compliance entities and speculators shortened their net length of California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings, while Washington Carbon Allowance (WCA) net holdings for both groups remain short, US Commodity Futures Trading Commission (CFTC) data showed Monday.
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Why we need a fossil fuel non proliferation treaty 

RenewEconomy - Tue, 2023-11-28 08:52

maules creek coal mine whitehaven coalThe Australian government has mastered the contradictory dance of committing to net zero while also approving new coal, oil and gas projects. It has to stop.

The post Why we need a fossil fuel non proliferation treaty  appeared first on RenewEconomy.

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Works begin on energy precinct combining agrivoltaics, battery storage and hydrogen

RenewEconomy - Tue, 2023-11-28 08:51

Graphite Energy breaks ground on a $29 million renewable energy and storage precinct in New South Wales, designed to power sustainable agriculture.

The post Works begin on energy precinct combining agrivoltaics, battery storage and hydrogen appeared first on RenewEconomy.

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Small modular nuclear reactors: a history of failure

RenewEconomy - Tue, 2023-11-28 08:30

Dozens of ‘small modular reactor’ designs are being promoted, but precious few will reach construction stage and likelihood of SMRs being built in large numbers is negligible.

The post Small modular nuclear reactors: a history of failure appeared first on RenewEconomy.

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Driving a greener future: how your electric car could help power your neighbourhood

The Conversation - Tue, 2023-11-28 08:16
Using a ‘grid of grids’ network, New Zealand’s growing electric vehicle fleet could contribute to national energy resiliency, feeding electricity back into the system during peak demand. Alan Brent, Professor and Chair in Sustainable Energy Systems, Te Herenga Waka — Victoria University of Wellington Licensed as Creative Commons – attribution, no derivatives.
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Why we need to fight for the “community” in community batteries

RenewEconomy - Tue, 2023-11-28 08:00

Community batteries are everyone’s favourite whipping boy at the moment, but a trial at Narrabri shows that its the parameters that need to change, not the technology.

The post Why we need to fight for the “community” in community batteries appeared first on RenewEconomy.

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RGGI Market: RGAs drop below Cost Containment Reserve trigger levels on rolling positions

Carbon Pulse - Tue, 2023-11-28 07:29
RGGI allowances (RGAs) tied a record settlement price for the benchmark contract this week before sinking significantly as traders rolled their position to next year, with the vast majority of trades being spreads over the past five days.
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Carbon crediting firm and sustainability certifier partner to increase agri-food supply chain transparency

Carbon Pulse - Tue, 2023-11-28 06:36
A US-based carbon crediting startup for farmers and a sustainability certification provider launched a partnership to trace the progress of regenerative agriculture practices in sequestering carbon.
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PREVIEW – COP28: The big ticket topics to follow in Dubai

Carbon Pulse - Tue, 2023-11-28 06:03
Reforming and scaling climate finance, including moving forward on operationalising a new loss and damage funding mechanism, establishing global renewables targets, and the future of fossil fuels, are likely to be the core topics of discussion at COP28 in Dubai, according to climate experts and other observers, which will also bear witness to the first ever global stocktake (GST) of the Paris Agreement.
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Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

The Guardian - Tue, 2023-11-28 05:00

Climate scientists say fossil fuel use needs to fall rapidly – but oil-rich kingdom is working to drive up demand

Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan was designed to get countries “hooked on its harmful products”.

Little was known about theoil demand sustainability programme (ODSP) but the investigation obtained detailed information on plans to drive up the use of fossil fuel-powered cars, buses and planes in Africa and elsewhere, as rich countries increasingly switch to clean energy.

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Number of cross-border CCUS projects given special status by EU doubles in 2023 selection, says EU energy chief

Carbon Pulse - Tue, 2023-11-28 04:57
The number of CO2 transport and storage projects supported financially and benefiting from streamlined permitting by the EU will double in 2023 compared to last year, the bloc's energy chief told an event in Denmark on Monday, signaling the EU's growing commitment to developing a CCUS sector.
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VCM Report: Carbon credit trade picks up as prices proliferate

Carbon Pulse - Tue, 2023-11-28 03:37
Trade picked up in the voluntary carbon market last week as corporates looked to square end-of-year emission books, and some sellers ditched REDD credits at rock bottom prices.
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Xpansiv seeks input on trade in ICVCM-aligned carbon credits

Carbon Pulse - Tue, 2023-11-28 00:46
Xpansiv has launched a consultation to support the trading of instruments aligned with the Integrity Council for the Voluntary Carbon Markets’ (ICVCM) Core Carbon Principles (CCP), due to be assigned to the first carbon credits in the opening quarter of 2024, the market platform said Monday.
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Sea urchin in Sicily at risk of extinction due to popularity as culinary delicacy

The Guardian - Tue, 2023-11-28 00:35

Three-year pause in fishing is the only way to prevent disappearance, researchers say

It is one of Sicily’s most popular dishes: spaghetti ai ricci di mare, or sea urchin spaghetti. Prepared with a simple base of oil and garlic, plates of the stuff are demolished every summer, particularly by the hundreds of thousands of tourists who descend on the island every year.

But sea urchins’ status as a culinary delicacy is leading to their gradual disappearance from local waters, and last week researchers said the Sicilian sea urchin, which resides on the sea floor and feeds primarily on algae, could soon become extinct if urgent conservation policies were not implemented.

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