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Traders hoard ACCUs as secondary market activity surges, regulator report shows

Carbon Pulse - Mon, 2023-09-25 18:17
Traders and brokers have increased their holdings of Australian Carbon Credit Units (ACCU) by some 20%, a regulator report shows, in anticipation of a tightening market following the recent Safeguard Mechanism reforms.
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Labour to stand firm on net zero policies and attack cost of Tory retreat

The Guardian - Mon, 2023-09-25 16:00

Party will argue green growth is route to lower bills and says Rishi Sunak will leave UK stuck in economic ‘doom loop’

Labour will “double down” on making the case that tackling the cost of living crisis and the climate crisis can only be done in tandem, despite an intensifying Conservative attack on net zero policies, the Guardian has learned.

Labour will argue that seeking green growth is the way to bring down household bills and secure the future of the UK economy.

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Australia Market Roundup: Soil carbon project generates nearly 100,000 ACCUs

Carbon Pulse - Mon, 2023-09-25 15:48
Three soil carbon projects have been issued close to 100,000 Australian Carbon Credit Units (ACCUs), with one of them receiving almost the entire amount, according to the Clean Energy Regulator’s latest update Monday.
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Petrostate windfall tax would help poor countries in climate crisis, says Brown

The Guardian - Mon, 2023-09-25 15:00

Former British PM calls for 3% levy on oil and gas export revenues of biggest producers to generate $25bn a year for global south

Petrostates should pay a small percentage of their soaring oil and gas revenues to help poor countries cope with the climate crisis, the former UK prime minister Gordon Brown has urged.

Countries with large oil and gas deposits have enjoyed a record bonanza in the last two years, amounting to about $4tn (£3.3tn) last year for the industry globally. Levying a 3% windfall tax on the oil and gas export revenues of the biggest-producing countries would yield about $25bn a year.

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How do we raise trillions of dollars to fight the climate crisis? The answer is staring us in the face | Gordon Brown

The Guardian - Mon, 2023-09-25 15:00

Petrostates like Saudi Arabia and Norway have made staggering oil and gas profits. A simple levy could funnel money to the countries that need it

After a summer of ever-more deadly floods, droughts and firestorms, two autumn summits – the G20 and the UN general assembly – have come and gone. Both failed to deliver the long-promised global plan to finance climate mitigation and adaptation. But as political leaders issue toothless and easily forgettable communiques, a potential breakthrough is staring the world in the face. It could finally end the cycle of broken promises to the global south and rescue the next summit, Cop28 in November and December.

Last year, the oil and gas industry across the world banked about $4tn, according to the head of the International Energy Agency. This represents one of the biggest redistributions of wealth from the world’s poor to the richest petrostates. The record energy prices that have produced these unearned gains have not only caused dramatically rising poverty and debt in the global south, but have also stymied decades of progress in extending power into homes, villages and towns that were previously without electricity.

Gordon Brown was UK prime minister from 2007 to 2010. His new book, Permacrisis: A Plan to Fix a Fractured World, co-authored with Mohammed el-Erian and Michael Spence, is out on 28 September.

Gordon Brown joins the Guardian live and online on Tuesday 26 September, 7pm–8.30pm BST. Buy tickets here

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Richest oil states should pay climate tax, says Gordon Brown

BBC - Mon, 2023-09-25 15:00
The former Labour PM wants the wealthiest oil producers to help poorer nations tackle climate change.
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Redflow lands biggest project for flow battery technology, with stack of US funding

RenewEconomy - Mon, 2023-09-25 14:22

redflow battery with solar californiaRedflow now has three projects in the US, but its partnership with Faraday Microgrids is delivering the biggest ones.

The post Redflow lands biggest project for flow battery technology, with stack of US funding appeared first on RenewEconomy.

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Neoen gets approval for first massive battery in hydro-dominated Tasmania

RenewEconomy - Mon, 2023-09-25 14:11

Neoen's Great Lakes Battery is in a proposed renewable energy zone that hopes to host the island's first utility-scale solar.

The post Neoen gets approval for first massive battery in hydro-dominated Tasmania appeared first on RenewEconomy.

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Funding finalised for massive Port Bonython hydrogen hub, still no word on Whyalla tender

RenewEconomy - Mon, 2023-09-25 13:28

Federal and state governments finalise funding for hydrogen hub expected to lead to $13 billion of investments, but still no word on hydrogen electrolyser and power plant tender winners.

The post Funding finalised for massive Port Bonython hydrogen hub, still no word on Whyalla tender appeared first on RenewEconomy.

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Modi govt looking at ways to keep CBAM fees in India

Carbon Pulse - Mon, 2023-09-25 12:59
Indian government officials are considering taxing exporters to the EU for their carbon content to ensure that costs tied to the Carbon Border Adjustment Mechanism (CBAM) stays in India, according to media reports.
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NZ Labour vows to set gross emissions targets, develop VCM framework, if it wins election

Carbon Pulse - Mon, 2023-09-25 12:19
New Zealand’s Labour party will set separate targets for gross emissions reductions and CO2 removals, limit exotic afforestation, and develop a regulatory framework for the voluntary carbon market if it returns to government at next month’s elections, it announced Monday.
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Director Integrity and Compliance, Carbon Market Institute – Melbourne/Sydney

Carbon Pulse - Mon, 2023-09-25 12:04
CMI is looking for someone to lead the delivery of services as Administrator of the Australian Carbon Industry Code of Conduct (the Code).
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The shadowy Chinese firm that owns chunks of Cambodia

BBC - Mon, 2023-09-25 09:32
It secured a deal to control a fifth of Cambodia's coastline - 15 years on, it has barely got started.
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Farmers turn to tech as bees struggle to pollinate

BBC - Mon, 2023-09-25 09:06
With bee populations struggling, mechanical pollination may be increasingly needed as a back-up.
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Carmakers call on EU to delay 10% tariff on electric vehicle exports

The Guardian - Mon, 2023-09-25 08:00

Manufacturers expect levy agreed in Brexit deal to hand chunk of market to global firms, including China

Car giants including Renault, BMW and Mercedes-Benz have called on EU leaders to “act now” and delay plans for a 10% tariff on electric car exports from Europe.

Renault’s chief, Luca de Meo, led the calls, saying that if the EU did not take action then policymakers would simply be “handing a chunk of the market to global manufacturers” including Chinese companies, which are making significant inroads.

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Green industry urged to club together in clean energy hubs and cut transmission spend

RenewEconomy - Mon, 2023-09-25 07:29

Clean energy hubs could save money and create jobs if clusters of businesses shared transmission lines and green hydrogen pipelines, independent research shows.

The post Green industry urged to club together in clean energy hubs and cut transmission spend appeared first on RenewEconomy.

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We need urban trees more than ever – here's how to save them from extreme heat

The Conversation - Mon, 2023-09-25 06:02
New research reveals how trees respond to extreme heat. Most trees lose more water than models predict. Some species cope better than others. Access to water will be critical for the hot summer ahead. Renée M Prokopavicius, Postdoctoral Researcher in Plant Ecophysiology, Western Sydney University Belinda Medlyn, Distinguished Professor, Ecosystem Function and Integration, Western Sydney University David S Ellsworth, Professor of Plant Eco-physiology, Western Sydney University Mark G Tjoelker, Professor and Associate Director, Hawkesbury Institute for the Environment, Western Sydney University Licensed as Creative Commons – attribution, no derivatives.
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‘What’s your favourite bird?’ is almost impossible to answer. I am always torn | Sean Dooley

The Guardian - Mon, 2023-09-25 06:00

When framing the shortlist for the 2023 bird of the year, we opted for familiar Aussie birds that hold a special place in our hearts

Those of us who work at Birdlife Australia get asked a lot of questions about birds. Usually, it’s to ID a mystery back yard bird. (Nine times out of 10 it’s a butcherbird!) Occasionally we get thrown a much curlier question such as “Is a cassowary a bird?”, “Do birds have penises?” or “What’s your favourite bird?”.

The answers are: “yes”, “females don’t, but neither do males of most species – they have a cloaca, which is a topic for another day”. And the last question is almost impossible to answer. How can you possibly choose?

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Sean Dooley is national public affairs manager for BirdLife Australia

You can vote in the bird of the year poll from 6am Monday 25 September to 11.59pm Thursday 5 October

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Bird of the year 2023: six underbirds that deserve your vote

The Guardian - Mon, 2023-09-25 06:00

Some of Australia’s most recognised feathered denizens have been flying under the popularity radar for far too long

Is there anything more thrilling than seeing an underbird soar? Keep that in mind when casting your vote in this year’s Guardian/Birdlife Australia bird of the year poll.

Previous polls have revealed a shocking bias. Support for some of Australia’s most recognised birds has been consistently weak. Let’s ruffle some feathers and give these underbirds a chance.

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From bin chickens to gang-gangs: Australian bird of the year is a celebration and a call to action

The Guardian - Mon, 2023-09-25 06:00

Guardian Australia’s biennial poll is a chance to show your love for your favourite feathered friend and raise awareness of those at risk

Birds matter. They bring the wild to our back yards, balconies, streets and suburbs. They forage, spread seeds and pollinate plants, keeping natural systems humming.

Birds sing. They laugh. They are nature’s alarm clock. They sound and look weird. They bring joy, mostly. They aren’t boring.

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