Feed aggregator

World gas demand is set to grow in developing nations across Asia and the gas-rich parts of Africa even as legacy buyers ramp down their imports to focus on power supply from renewables and nuclear, according to the International Energy Agency (IEA).

A US-based startup company has raised $3.2 million to help build an exchange to host trade in multiple tokenised carbon credits intended to boost market liquidity.

The Executive Board of the United Nations Clean Development Mechanism (CDM) has approved a hydrogen baseline and monitoring carbon crediting methodology proposed by a Chinese hydrogen company and the country’s biggest state-owned wind power producer and main carbon exchange.

Poland’s election outcome this weekend may lead to more support for renewables in the country if the main opposition receives enough votes to form a coalition government, but a clear coal phaseout date is not likely to be set by either of the main political parties.

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

An annular solar eclipse will cross North, Central, and South America on Saturday.

The UK government is preparing to consult with stakeholders in the coming months on introducing a supply control mechanism to the UK ETS, but has not proposed any short-term measures to prop up the price of UK Allowances after their 50% drop this year, a government minister reportedly said last week.

Much has changed already under Lula da Silva’s presidency, but this vast country does not receive the attention it deserves

British interest in Latin America, and its biggest country, Brazil, has been disgracefully fitful. It woke up when Luiz Inácio Lula da Silva narrowly beat Jair Bolsonaro, the disastrous tree-felling extreme rightist, last October. It even caused the BBC to lead its morning news bulletin in January, when a mob inspired by Bolsonaro and the example of the Capitol riot in the US two years ago attempted to take over the centre of Brasília.

But what is really going on in this vast country of 203 million people? How was it that Bolsonaro, an obscure congressman who had dedicated a vote to impeach President Dilma Rousseff, Lula’s leftist successor, and was a frank admirer of the dictatorship that Lula and Rousseff had struggled to overthrow, ever got elected as president in 2018?

Continue reading...

A Japanese climate tech firm has paired up with several financial institutions to raise 2 billion yen ($13.5 million) in order to strengthen and expand its business, it said on Tuesday.

A New Zealand study has found that a biodiversity market could be a viable, credible solution to encouraging farmers and landholders to making their business climate resilient and meeting environmental expectations, compared to traditional debt funding models.

The ACCC approval of Brookfield's bid for Origin is a landmark for Australia, given it is the first time climate change has trumped competition concerns.

The post ACCC chooses climate over competition for first time in landmark Origin ruling appeared first on RenewEconomy.

The world’s oil cartel is backing itself over other analysts and predicting higher oil demand to 2045 as the world’s population expands by 1.5 billion and fears of energy insecurity drive nations to lock in energy security.

Report on state of flora and fungi says newly discovered plants should be listed as threatened by default

More than 2m fungi species are waiting to be identified around the world in what scientists have called “a new frontier of discovery” for life on Earth, according to a new report.

But researchers also warn that the vast majority of new plant discoveries are endangered species, which should be listed as threatened with extinction by default, warning that three-quarters of undescribed species are likely to be at risk of disappearing.

Continue reading...

The first fully operational turbine at world's largest offshore wind farm has started sending power to the British grid.

The post “Mind boggling:” World’s largest offshore wind farm powers up, with lessons for Australia appeared first on RenewEconomy.

Companies that are active buyers in the voluntary carbon market (VCM) reduce their emissions quicker and have more ambitious climate strategies than those that are not, according to a study published Tuesday that reinforces previous research with similar findings.

Almost half the world's known flowering plants could be threatened by extinction, scientists warn.

First wind farms inaugurated in United Arab Emirates, across four locations and using special low wind speed technology, in time for COP28.

The post Masdar powers up UAE’s first wind farms, using low wind speed technology appeared first on RenewEconomy.

Plans to develop critical offshore wind port infrastructure in Victoria to handle the massive wind turbines have been submitted for environmental assessment.

The post Victoria port submits plans for Australia’s offshore wind terminal appeared first on RenewEconomy.

Osaka-based Ex-Fusion will set up a wholly owned subsidiary in SA by the end of the year, to further develop its laser technology.

The post Japan laser fusion start-up sets up base in South Australia appeared first on RenewEconomy.

Solar set a new generation share record in South Australia, and pushed operational demand and coal output to new lows in NSW. Even Tasmania celebrated a new solar milestone.

The post Solar reaches new peak of 126.7 pct of South Australia demand, NSW coal at record low appeared first on RenewEconomy.