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Australia’s biggest coal grid is running short of spinning machines

RenewEconomy - Thu, 2023-11-16 10:16

Market operator has to put out call for more synchronous generation as the number of coal units operating fell to record lows. More grid forming battery inverters might be needed.

The post Australia’s biggest coal grid is running short of spinning machines appeared first on RenewEconomy.

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NZ Carbon Fund recovers, buys back NZUs

Carbon Pulse - Thu, 2023-11-16 10:16
A New Zealand exchange-traded fund tied to the country’s emissions trading scheme has seen its value recover in line with the NZU price.
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UK to offer higher subsidies for offshore windfarms after crisis talks

The Guardian - Thu, 2023-11-16 10:01

Concerns rose when no wind projects were put forward for government’s recent clean energy auction

The government will offer significantly higher subsidies for new offshore windfarms after crisis talks with developers that are battling cost inflation across global energy supply chains.

Ministers have agreed to raise the starting price of the government’s next auction for offshore wind subsidies by around two-thirds to £73 per megawatt hour to help more offshore windfarm projects to move ahead despite higher costs.

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Second Washington carbon reserve auction sees record-high bid volume, sells out

Carbon Pulse - Thu, 2023-11-16 09:58
The Allowance Price Containment Reserve (APCR) sale in Washington state’s WCI-modelled cap-and-invest programme saw strong demand and sold out of its permits at one fixed price, according to results published Wednesday.
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Kmart Group urged to join industry textile recycling scheme or face regulation, government says

The Guardian - Thu, 2023-11-16 09:00

Group which owns Kmart and Target has not signed up to initiative that would impose 4 cent levy on garments to fund research

The federal government has called on one of Australia’s biggest retailers, Kmart Group, to support an industry-led textile recycling scheme, or risk regulation.

Spearheaded by the Australian Fashion Council (AFC), the Seamless initiative is designed to tackle clothing waste through a levy system to increase the number of garments being resold, repaired, reworn and recycled.

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Base Carbon explains $1.7 million loss, outlines road ahead

Carbon Pulse - Thu, 2023-11-16 08:11
Toronto-headquartered carbon project developer Base Carbon explained to an investor call on Wednesday why it lost $1.7 million loss in Q3, said when the company would become profitable, and detailed its new project in India.
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*Senior Advisor, REDD+, Fauna & Flora International – Cambridge, UK

Carbon Pulse - Thu, 2023-11-16 07:34
*PREMIUM LISTING - This role will serve as technical lead for the continued development and expansion of Fauna & Flora’s portfolio of REDD+ projects in priority landscapes.  The voluntary carbon market, and nature-based approaches including REDD+ within it, are emerging from a period of intense scrutiny and evolution.
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Southwest Airlines unveils ‘Nonstop to Net Zero’ sustainability strategy to help decarbonise operations by 2050

Carbon Pulse - Thu, 2023-11-16 06:26
Southwest Airlines has announced a comprehensive new sustainability strategy, titled 'Nonstop to Net Zero', taking another step towards its commitment to achieving carbon neutrality by 2050.
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Canadian offset financer reports net income in Q3 as cost reduction efforts advance into strategic review

Carbon Pulse - Thu, 2023-11-16 06:24
A Toronto-headquartered voluntary carbon credit firm provided updates on its restructuring measures to optimise costs as it recorded net income for the third quarter of the year, according to quarterly earnings published Tuesday.
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US federal agency awards $1 mln grant towards coastal wetlands carbon measurement

Carbon Pulse - Thu, 2023-11-16 06:07
An independent federal agency selected on Tuesday an adaptive infrastructure firm for $1 million in small business research funding to develop technology for the measurement of carbon stocks in coastal wetlands.
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Washington releases draft language on reporting requirements for cap-and-invest auction revenue recipients

Carbon Pulse - Thu, 2023-11-16 05:57
The Washington Department of Ecology (ECY) outlined rules on Wednesday for how recipients of the state’s Climate Commitment Act (CCA) funds should report expenditures and benefits to the state regulator ahead of its upcoming rulemaking.
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How could Australia actually get to net zero? Here's how

The Conversation - Thu, 2023-11-16 05:04
It’s still possible for Australia to cut emissions in line with holding climate change to 1.5°C. Here’s how. Anna Skarbek, CEO, Climateworks Centre Anna Malos, Climateworks Centre - Country Lead, Australia, Monash University Michael Li, Research and Analysis Manager, Climateworks Centre, Monash University Licensed as Creative Commons – attribution, no derivatives.
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We're burning too much fossil fuel to fix by planting trees – making 'net zero' emissions impossible with offsets

The Conversation - Thu, 2023-11-16 05:04
The idea that harm done today can be offset in the future is based on a basic misunderstanding of the carbon cycle. Planting more trees is important – but it’s no substitute for cutting emissions. Mike Joy, Morgan Foundation Senior Research Fellow in Freshwater Ecology and Environmental Science, Te Herenga Waka — Victoria University of Wellington Licensed as Creative Commons – attribution, no derivatives.
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Climate tech company raises seed funds for biochar carbon removal facility in Kenya

Carbon Pulse - Thu, 2023-11-16 03:49
A climate tech company has raised $1 million in seed funding to establish its first biochar production facility, located in Kenya, according to a press release on Wednesday.
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US launches int’l working group to standardise GHG reporting in natgas sector, as investment bank extols benefits of methane mitigation

Carbon Pulse - Thu, 2023-11-16 03:12
The US Department of Energy's Office of Fossil Energy and Carbon Management (FECM) on Wednesday announced the formation of an international working group aimed at enhancing the transparency and reliability of methane and other emissions data in the natural gas supply chain, while a major investment bank extolled the financial benefits of mitigation efforts in the sector.
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EU emissions fall 5% in second quarter as power and gas sector charts largest drop

Carbon Pulse - Thu, 2023-11-16 02:52
GHG emissions across the EU fell over 5% year-on-year in the second quarter of 2023, with electricity and gas sectors making the biggest decline, the statistics agency Eurostat reported on Wednesday.
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Sustainability consultancy, carbon data management platform forge partnership

Carbon Pulse - Thu, 2023-11-16 02:48
A major ‘pure play’ sustainability consultancy has formed a strategic partnership with a software platform specialising in carbon and sustainability data management.
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ICROA appoints members of inaugural independent advisory committee

Carbon Pulse - Thu, 2023-11-16 02:27
Voluntary carbon accreditation body ICROA has appointed its first independent advisory committee to oversee fundamentals and help drive integrity under its program of continuous improvements.
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EU agrees law to curb methane emissions from fossil fuel industry

The Guardian - Thu, 2023-11-16 02:23

Rules would require firms to report emissions, find and fix leaks, and limit wasteful venting and flaring

The EU has struck a deal that will force the fossil fuel industry to rein in dangerous methane pollution.

Under the proposed law, the first of its kind, coal, oil and gas companies would be required to report their methane emissions and take steps to avoid them. The measures include finding and fixing leaks, and limiting wasteful practices such as venting and flaring gas by 2027.

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French govt paper urges range of financing options for nature-based solutions

Carbon Pulse - Thu, 2023-11-16 01:59
A report published by the French government, in collaboration with CDC Biodiversite, underlined that greater finance from across the spectrum of stakeholders would be needed to protect nature, while also assessing the various tools available to scale funding.
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