Feed aggregator

Analysts at a voluntary carbon market data firm have estimated that the price-per-tonne of direct air capture units will fall below $450 by the end of the decade, based on forecasts from around 100 stakeholders in engineered removals, they wrote in a post published Thursday.

Countries forced to choose between climate resilience, fighting poverty and paying debts, says Ban Ki-moon

The flow of climate adaptation finance to Africa must increase up to tenfold by 2035 to meet the deepening effects of the climate crisis, according to research.

As the Africa Climate Summit continued in Nairobi, campaigners spoke of the desperate need to get funding to people who are already being affected by climate change. Africa, the region most impacted by the climate emergency, receives only 3% of global climate finance.

Continue reading...

A carbon analytics firm has announced a new indexing system that ranks countries based on their regulatory and investment attractiveness for voluntary carbon market (VCM) projects, following on from another marketplace announcing a similar service earlier this week, as they both aim to clear up the information landscape amid the rapidly changing sector.

EU industries’ trade deficit is widening and risks deteriorating further if concrete, targeted solutions are not implemented, representatives from 25 EU industries have warned in a letter sent to  European Commission President Ursula Von der Leyen, Commissioners, and the EU parliament on Thursday.

­­­­US government support to advance direct air capture (DAC) through the Department of Energy’s $3.5 billion to be invested in four regional DAC hubs over the next five years, and its identification of specific hubs to receive that investment, is a “huge proof point” for the sector and technology, a leading DAC developer told a conference on Thursday.

Carbon project developer South Pole announced Thursday that work has started on a biomass carbon capture and storage plant in Switzerland, with plans for the facility to remove over 4,000 tonnes per year when it becomes operational in 2025, and the first batch of units to be bought by a Swiss business foundation.

Two South Korean companies on Thursday signed a joint development agreement to build a portfolio of landfill gas projects abroad starting with Southeast Asia, targeting the generation of 10 million carbon credits by 2030.

Speaking at the Association of Southeast Asian Nations' summit in Indonesia, the UN secretary general, António Guterres, said 'greater cooperation' was desperately needed on the climate front.

'We have just learned that this past June, July and August were officially the hottest three-month period on record,' Guterres said. 'The so-called dog days of summer are not just barking, they are biting'

• World meteorologists point to ‘vicious cycle’ of heatwaves and air pollution

Continue reading...

Scientists analysing DNA of object that could be an egg from an unknown sea creature or a marine sponge

A mysterious golden orb that may be an egg laid by an unknown sea creature has been discovered on the ocean floor off the Pacific coast of Alaska.

The smooth object with an intriguing hole at the centre was found at a depth of about two miles by a remote-controlled submarine explorer.

Continue reading...

European carbon prices advanced steadily in very light Thursday morning trading, snapping a five-day losing streak as the market absorbed a second day without auction supply while natural gas prices rebounded as efforts to resolve a labour dispute at Australian LNG plants appear to have failed, setting the scene for strikes to start on Friday.

New fund led by former heads of ARENA and AEMO targets solar, wind and storage assets in Australia, and is backed by one of the world's biggest asset managers.

The post Former Australian energy chiefs lead new global fund targeting solar, wind and storage appeared first on RenewEconomy.

An organisation representing eight central banks has issued guidance on how financial institutions can approach nature-related risk.

A major fintech company in India has partnered with an Australian cleantech startup to promote carbon neutrality in the sector.

Up to 180 vehicles can be charged at any one time in as little as 15 minutes at the just-opened Gigahub

The UK’s largest electric vehicle charging hub has opened at Birmingham’s NEC conference centre with the power to charge up to 180 vehicles at a time in as little as 15 minutes.

The multimillion-pound site will provide the UK’s highest concentration of super-fast chargers in one location after the biggest-ever private investment in Britain’s charging infrastructure.

Continue reading...

A 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).

The world’s largest oil giant, Saudi Aramco, also has the weakest climate pledges of the oil and gas majors, according to a report published Thursday by a think-tank, while European firms have significantly more advanced plans than others regions such as North America and Asia.

Two conservation groups lead an initiative that aims to raise $1 billion in order to protect and restore 1 million hectares of land across Northeast India, Bhutan, Nepal, and Bangladesh.

The IT solution arm of Japan's Hitachi group is planning to launch a new business next year that provides comprehensive support for the creation and trading of forest-based carbon credits, making a foray into the domestic offset market.

Study shows resilience workers, mostly refugees and immigrants, poorly protected as top firms ‘pad their pockets by cutting costs’

Private equity firms are increasingly profiting from cleaning up climate disasters in the US, while failing to better protect workers and often also investing in the fossil fuels that are causing the climate emergency, new research has found.

The demand for skilled disaster restoration or resilience workers, who are mostly immigrants and refugees from Latin America and Asia, is soaring as greenhouse gases released by burning fossil fuels heat the planet, provoking more destructive storms, floods and wildfires.

Continue reading...

Tweet viewed millions of times claimed ground temperature was being confused with air temperature

As thermometers creep upwards, it has become harder and harder to deny the reality of the climate crisis. Some, however, are questioning whether temperatures are being measured properly in the first place.

In a tweet seen millions of times, the influencer Robin Monotti said in July that media outlets were repeating a report from the European Space Agency (ESA) that confused air temperature with ground temperature, which is generally higher.

Continue reading...