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The Australian Carbon Credit Unit (ACCU) market faced a downturn Wednesday in the wake of a fresh study damning the integrity of human-induced regeneration (HIR) projects.

The Australian Labor government on Wednesday introduced legislation to set up the Net Zero Economic Authority (NZEA), which will oversee the country’s transition to net zero emissions, and has committed A$189 million ($123 mln) to its establishment.

A developer of biochar-based carbon removals in Bolivia has signed a deal with a German marketplace startup to supply 81,600 of tonnes to the platform, the companies announced on Wednesday, among the largest deals done so far in the sector.

A report released Wednesday has called on the Australian government to strengthen the Safeguard Mechanism by expanding its coverage to the electricity sector, as well as to bar Australian Carbon Credit Units (ACCUs) from being used for compliances purposes.

Relying on private financing such as environmental credits as the main means to scale funding of nature could be "a risky strategy", a top advisor to African biodiversity negotiators said Tuesday.

Some ‘ecologically sound’ brands contain as little as 2.7% of the eco-friendly paper alternative

In the bathrooms of the ecologically conscious, bamboo toilet paper is the new bottom line – a supposedly green alternative to the bog-standard pulp-based loo roll that requires the chopping down of 1m trees a year, just to be flushed down the pan.

But new findings from consumer watchdog Which? will wipe away that smug feeling: samples of three out of the five of the UK’s top bamboo brands were actually made from other woods, some of them heavily implicated in deforestation.

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In my opinion there will not be enough new renewable supply built in NSW to fully replace Eraring by the end of 2025. The lights may stay on, but at a price.

The post If Eraring closes in 2025, NSW will be significantly more dependent on Queensland appeared first on RenewEconomy.

Corporations will be covered by a climate reporting regime under new laws but not yet, as Treasurer Jim Chalmers bends to pressure from the big end of town.

The post Mandatory climate reporting regime pushed out to 2025 appeared first on RenewEconomy.

Solar output records fall across the US, as California extends its run of reaching 100 pct renewables.

The post Solar output records tumble across the US from east coast to west coast appeared first on RenewEconomy.

A Hong Kong-headquartered airline has set a new carbon intensity target for 2030, with plans to expand the use of sustainable aviation fuel (SAF) to support its climate goals.

A peer-reviewed paper has cast further doubt on human-induced regeneration (HIR) projects in Australia, finding that a large portion of pre-2022 projects are non-additional, while highlighting the politically-charged nature of the country’s carbon market.

Federal government waves through plans for what could be biggest solar farm in NSW, and biggest battery in the country.

The post Biggest solar and battery project in NSW waved through by Plibersek appeared first on RenewEconomy.

Green hydrogen hub rejected because the energy supply was not green enough to justify land use change.

The post Planning officials reject green hydrogen hub because it’s not green enough appeared first on RenewEconomy.

The 16-mile tunnel across central London will capture raw sewage that would have spilled into the river.

Transgrid releases amended route for the New South Wales side of the controversial VNI West transmission project.

The post VNI West sidesteps town, weaves around farmland in latest changes to contested transmission line appeared first on RenewEconomy.

Verified emissions covered under the EU ETS likely fell by a record 14% year-over-year in 2023, according to a poll of 13 analysts.

A new report has found the marine reserve covering the Heard and McDonald islands must urgently be expanded. Ian Cresswell, Adjunct professor, The University of Western Australia Andrew J Constable, Adviser, Antarctica and Marine Systems, Science & Policy, University of Tasmania Keith Reid, Honorary Research Associate, Institute for Marine and Antarctic Studies, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

Continued aggressive spending on new production capacity, alongside plummeting profitability, has made China's steel sector financially vulnerable and hampered the industry-wise shift to greener furnaces, a report has found.

A British Columbia regulator rejected a provincial utility's proposal to provide 100% renewable natural gas (RNG) to all new homes at subsidised rates, while an environmental non-profit took the company to court on Tuesday for alleged greenwashing.

A Canada-based offset project developer has hired a European carbon market expert to lead its trading desk.