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A US-based startup is partnering with Italy’s second largest cement company to trial a technology that converts electricity to stored heat, which could significantly lower CO2 emissions for hard-to-abate sectors. 

World’s largest offshore wind company may have to write down its US portfolio by £1.8bn

Shares in the world’s largest offshore wind company tumbled by nearly a quarter on Wednesday, after it said it may have to write down the value of its US portfolio by nearly £2bn.

Ørsted said it had been hit by a flurry of setbacks in its American business, triggering a rapid sell-off in its shares, listed in Copenhagen.

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The quarterly emissions data reinforces how much of a joke our 2030 emissions target is

Every three months two all-encompassing surveys are released that track how Australia is going. One we know exactly when it will be released (next Wednesday at 11.30am), the other we know vaguely when but often it comes out on a Friday afternoon with little fanfare and no warning. One – on GDP – gets reported widely, the other – on greenhouse gas emissions – is mostly ignored.

Coming after the intergenerational report announced last week that rising temperatures driven by greenhouse gas emissions would likely cost the economy between $135bn and $423bn in today’s dollars, you might hope that the quarterly emissions data might get as much attention as GDP.

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Greens leader says Albanese government is ‘hellbent on opening more coal and gas mines’ and people must ‘fight back’

The Australian Greens leader, Adam Bandt, has called on people to join disruptive climate protests to pressure the Albanese government to stop opening new fossil fuel mines, saying he plans to help blockade the country’s largest coal port.

He has also written to the leaders of 16 Pacific Island nations suggesting they should make any support for an Australia bid to host a UN climate summit conditional on the government “taking stronger climate action”.

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One of the endangered marsupials was found dead close to the controversial operation in Tallaganda state forest near Canberra

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The state-owned New South Wales forestry agency has been ordered to immediately stop logging in parts of a state forest after the Environment Protection Authority found a dead greater glider – an endangered species – nearby.

Conservation groups had written to the state government and EPA to investigate Forestry Corporation logging in the Tallaganda state forest, east of Canberra, as it was one of the last known strongholds of the southern greater glider.

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Rapidly scaling decarbonisation action must be our mission, as we confront an ever more terrifying climate crisis. But instead we risk slowing the pace of decarbonisation to an untenable level, warns John Connor of Australia's Carbon Market Institute.

The practice of biodiversity offsetting by mining companies is not a long-term sustainable solution to compensating for environmental impacts, academics have said.

The European Commission on Wednesday set out rules for participation in its inaugural auction, funded through ETS revenue, to subsidise green hydrogen across the 27-nation bloc.

AEMO says planned big battery projects should fill the gap created by the scheduled 2025 closure of Eraring. But if the sky does fall in, the lights might go out.

The post AEMO hedges bets, but says coal exits won’t trigger shortfalls if big batteries built on time appeared first on RenewEconomy.

Secretariat on biodiversity says fungi should be recognised and protected on equal footing with plants and animals

The word “funga” should be used alongside flora and fauna when discussing conservation issues to reflect the importance of fungi to ecosystem health, a UN body has said.

The secretariat of the UN convention on biological diversity (UNCBD) said it was time that fungi were “recognised and protected on an equal footing with animals and plants in legal conservation frameworks”.

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Rule requires wetlands to be more clearly connected to other waters, overturning half-century of federal regulation

The Biden administration weakened regulations protecting millions of acres of wetlands on Tuesday, saying it had no choice after the supreme court sharply limited the federal government’s jurisdiction over them.

The rule would require that wetlands be more clearly connected to other waters like oceans and rivers, a policy shift that departs from a half-century of federal rules governing the nation’s waterways.

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Britons consume among the most water in Europe and drought planners want efficiency data on show

Australian-style water labelling must be introduced at pace to reduce the UK’s daily consumption of water, which is among the highest in Europe, according to experts drawing up plans to tackle drought.

Billions of pounds more are likely to be added to customer water bills to pay for investment in new infrastructure if ministers do not act soon, according to specialists drawing up plans to tackle acute water shortages in south-east England.

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A California-based developer that uses manmade structures on the seabed to harvest carbon-sequestering kelp has signed its first offtake agreement for the resultant blue carbon credits and says that investor interest is strong in the projects thanks to the multiple benefits they deliver for marine life, climate change, and coastal communities.

The full Moon will be the largest and brightest of the year.

European carbon prices legged higher on Wednesday morning, following a recent trend of early-session strength, amid a strong auction and after weekly Commitment of Traders data from the two main exchanges showed a slight build in investment funds' short positioning.

A paper currently undergoing peer review aims to cut through current debates on how best to do area-based biodiversity conservation in light of the increased global attention on national biodiversity targets and investments and the emergence of nature-based credit markets.

A consortium has come together in a first of its kind project to enable households in Bangladesh and Cambodia access to clean cooking solutions while generating income through their cooking practices through a carbon credit revenue share system.

Power generation across EU countries fell to its lowest level in the first six months of 2023, as a 5% drop in overall consumption year-on-year and strong renewable output led to a 23% collapse in coal and 13% fall in gas burn.