Feed aggregator

The London Metal Exchange has kicked off a consultation on how to integrate the EU Carbon Border Adjustment Mechanism (CBAM) requirements into its rules, in order to help the aluminium market and value chain adapt, it announced on Wednesday.

Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .

European carbon allowance prices fell sharply on Wednesday morning in light trading amid a European bank holiday, while weekly Commitment of Traders data that showed a third successive drop in investment funds' net short positioning triggered some speculation that prices may have reached a short-term floor.

RWE's fossil power generation covered by the EU ETS fell a further 20% year-on-year in the first three months of 2024, according to preliminary data published by the utility, even after its annual output dropped over one-quarter in 2023.

An online payment service company has doubled its internal carbon tax to $200, enabling the company to donate $2 million that will go to 13 carbon removal startups, the firm announced on Wednesday.

A UK-based waste-to-energy operator has announced plans to deliver 1.2 million tonnes of carbon removals across the UK by 2039, helping the country on its path to net zero by mid-century.

An Australian data services company on Wednesday announced the launch of a subscription-based nature certificate intended to help fund efforts to prevent plastic pollution off the coast of Sydney, but that can be extended to other locations globally.

A ratings agency has unveiled a new assessment tool to flag benefits and risks associated with voluntary carbon projects to investors.

Phasing out coal will be integral to the energy transition and Just Energy Transition Partnership’s (JETP) Southeast Asian members, but halting new coal construction in tandem with a renewable energy build-out will be more productive than a focus on shuttering existing coal plants, according to a journal article published this week.

To protect our local river we had to prove it was being used for swimming. But that, bizarrely, is the reason we were rejected

The state of Britain’s rivers is incredibly depressing: the water companies dump too much sewage, the farmers dump too much muck, and the regulators are too cowed and underfunded to do their job and stop them.

It wasn’t always this way. As a child I used to swim in the River Wye and I remember the clouds of mayflies in the summer, as well as huge leaping salmon. It was thanks to this wealth of wildlife that the Wye was classified as a special area of conservation along its whole length. Sadly, however, thanks to the failure of the Welsh and British governments to protect the river, much of this abundance is gone, and the Wye’s official status is now “unfavourable – declining”, thanks to pollution from manure and sewage.

Oliver Bullough is the author of Butler to the World: How Britain Became the Servant of Tycoons, Tax Dodgers, Kleptocrats and Criminals

Continue reading...

Major Australian companies and industry groups are at odds over whether the government should pursue a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage, according to submissions under a government consultation.

A Tokyo-based direct air capture (DAC) startup has raised 250 million yen ($1.5 mln) in seed funding to complete the prototype of its DAC system and business expansion, the firm announced.

The World Economic Forum (WEF) and consultants McKinsey & Co have taken the lead in initiating a Frontrunners Coalition seeking to contribute to shaping the development of and building confidence in the emerging voluntary biodiversity credit market.

The largest people-owned wind farm in the UK has started generation, with more than 5,600 customer-owners..

The post “Real climate action to be proud of:” UK’s largest people-owned wind farm powers up appeared first on RenewEconomy.

A carbon project developer and international financial advisory have teamed up to launch an early-stage funding facility to invest in nature-based solutions in the Amazon and Africa, they announced Tuesday.

With the list of feasibility licence winners finally revealed, we take a closer look at who is who in the Gippsland offshore wind zone – and what they're proposing to build.

The post Offshore wind: Who’s who in the race to build Australia’s first project appeared first on RenewEconomy.

Producing energy from harvested trees and other plants – bioenergy – might sound like a greener option, but it’s not a simple issue. Jessica Allen, Senior Lecturer in Chemical and Renewable Energy Engineering, University of Newcastle Licensed as Creative Commons – attribution, no derivatives.

The Victoria battery maker has posted a video showing what happens to its cells versus what happens to an equivalent lithium ion version when penetrated with a nail.

The post Australian battery developer says its new lithium sulfur chemistry passes nail stab test, without exploding appeared first on RenewEconomy.

State government grants to back local manufacture of standalone power systems and wind turbine components.

The post State government grant to back local manufacture of standalone power systems and wind turbine parts appeared first on RenewEconomy.

UNSW says new study highlights major power losses from PV modules as it pushes to become testing hub for Solar Sunshot program.

The post UNSW cites PV module failures from poor materials as it pushes to be Solar Sunshot testing hub appeared first on RenewEconomy.