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Brookfield bows to super fund pressure to jack up offer for Origin Energy by $1.2 billion, and reinforces promise to fast-track Australia's transition to renewables.

The post Brookfield jacks up bid for Origin by $1.2 billion with promise to fast-track renewables appeared first on RenewEconomy.

Startups specialising in climate tech raised a record $7.6 billion in venture capital (VC) funding in the third quarter of 2023, in a show of robust health for the US sector amid signs elsewhere of an overall slowdown in VC fundraising.

Australia will task its national think-tank to focus on achieving the country’s energy transition and climate goals, as the government looks to “complement, not copy” the US’s Inflation Reduction Act to incentivise clean energy and tech investment.

The US Northeast and Mid-Atlantic RGGI power sector cap-and-trade system saw overall CO2 emissions decline in Q3 compared to the same quarter last year, programme data published Wednesday showed.

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme climbed in October on significant volume as vintage value differentials continue to rise, according to a report published Wednesday.

A Canadian EV charging solutions provider launched a new initiative to allocate carbon credits for its EV charging station use, the company announced Wednesday.

A small representative set of California residents called for the cap-and-trade allowance budget adjustment to achieve at least 55% emission reductions by 2030, alongside recommendations for cost containment measures echoed by stakeholders, according to public comments submitted to state regulator ARB.

Data and market infrastructure provider Intercontinental Exchange (ICE) is making amendments to the California Carbon Allowance Advance Auction Clearing Price (ACA) futures contract and also adding new vintage futures and options contracts effective December, the bourse announced Wednesday.

Giant eddy currents in the sea spread heat. But if trapped in place, they can cause marine heatwaves deadly to sea life. And there’s a big one shaping up off Sydney right now. Moninya Roughan, Professor in Oceanography, UNSW Sydney Amandine Schaeffer, Senior lecturer, UNSW Sydney Junde Li, Postdoctoral research associate Shane Keating, Associate Professor, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Singapore-based Climate Impact X has taken a step towards providing benchmarked indices for the voluntary carbon market by passing the first external audit of its Nature-X assessment, paving the way for the creation of a swaps market as it confirms adding another REDD project and consults on launching other contracts.

FedEx, General Electric, and Rio Tinto are among companies targeted by a campaign launched Wednesday that aims to push the highest corporate emitters of greenhouse gases to adopt science-based targets in line with the Paris Agreement.

A Pennsylvania court on Wednesday halted the state's plans to join the Regional Greenhouse Gas Initiative (RGGI), ruling that it constitutes an illegal tax in that the state does not have the authority to collect revenue through the cap-and-trade scheme.

Major cryptocurrency exchange Coinbase will delist the Moss Carbon Credit (MCO2) altcoin on Nov. 14 due to asset-related and compliance concerns.

The UK will have a smorgasbord of emerging nature markets in forthcoming years, but concerns persist around the underlying integrity and market infrastructure, according to an industry coalition.

A major European oil and gas company is teaming up with a Californian ocean carbon removal startup to launch a larger-scale pilot plant for the emerging field of direct ocean capture (DOC) of CO2, with an eye to building commercial plants in key regions globally as the technology advances.

UK-headquartered non-profit Wallacea Trust has updated its methodology for measuring uplift in biodiversity credits with the inclusion of a peer review process to verify claims.

The echinoderms more closely resemble disembodied heads than multi-limbed creatures, experts have discovered

Starfish may appear to have a plethora of limbs, but it turns out the creatures actually resemble something akin to a disembodied head.

Experts say it has long been a conundrum how starfish, sea urchins and other animals with a fivefold body plan, known as echinoderms, evolved from an ancestor with twofold symmetry – a body plan common today in animals including insects, molluscs and vertebrates.

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Handling of the 2030 and 2034 tournaments undermines Fifa’s environmental commitments, but it doesn’t have to be like this

There has been a lot of criticism of Fifa’s plans to host the 2030 men’s World Cup across six countries (Spain, Portugal, Morocco, Argentina, Uruguay and Paraguay) and to relax the minimum number of existing stadiums required to host the 2034 tournament, a key decision that will inevitably lead to a successful Saudi Arabia bid. These have quite rightly raised eyebrows – climate has clearly not been at the heart of the decisions.

If fan travel makes up roughly 70% of football’s carbon footprint, how can Fifa plan to halve its emissions in the same year it hosts a tournament in three continents? And given that infrastructure is a big source of emissions around mega-events, what commitment is Fifa showing to the planet when it encourages more building in Saudi Arabia by reducing the minimum number of compliant existing stadiums from seven to four but keeping the final number of suitable stadiums at 14?

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Households have continued to use state help that was first created more than a decade ago

For a brief period over several weekends this spring, the state of South Australia, which has a population of 1.8 million, did something no other place of a similar size can claim: generate enough energy from solar panels on the roofs of houses to meet virtually all its electricity needs.

This is a new phenomenon, but it has been coming for a while – since solar photovoltaic cells started to be installed at a rapid pace across Australia in the early 2010s. Roughly one in three Australian households, more than 3.6m homes, now generate electricity domestically. In South Australia, the most advanced state for rooftop solar, the proportion is nearly 50%.

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A Canadian banking group has agreed to purchase 27,500 tonnes of CO2 removal credits from Occidental-owned 1PointFive’s first direct air capture DAC plant being built in Texas.