Feed aggregator

Under $1 million in biodiversity credits have been purchased, despite surging supply, with the figure dwarfed by biodiversity offsets, BloombergNEF said on Tuesday in a report set to launch at conference COP16 this week.

Oceanographer Stefan Rahmstorf explains why Amoc breakdown could be catastrophic for both humans and marine life

The dangers of a collapse of the main Atlantic Ocean circulation, known as Amoc, have been “greatly underestimated” and would have devastating and irreversible impacts, according to an open letter released at the weekend by 44 experts from 15 countries. One of the signatories, Stefan Rahmstorf, an oceanographer and climatologist who heads the Earth system analysis department at the Potsdam Institute for Climate Impact Research in Germany, explains here why he has recently upgraded his risk assessment of an Amoc breakdown as a result of global heating – and what that means for Britain, Europe and the wider world.

Continue reading...

A billion of hectares of land, bigger than the size of the US, is needed to meet the carbon removal (CDR) commitments by countries in Paris Agreement pledges, finds analysis.

Long-delayed regulations may ‘encourage’ housebuilders to equip homes with solar panels, rather than requiring them

Labour is considering making solar panels optional on new homes in England, after pressure from housebuilders, in a move that would weaken low-carbon regulations, the Guardian has learned.

Ministers are preparing to publish long-delayed regulations for new homes, known as the future homes standard, which would ensure that all newly built homes are low-carbon.

Continue reading...

European carbon allowances erased the last five days' losses after a steep mid-morning rally on Wednesday triggered by some closing out of short positions, as the weekly positions data showed investment funds had only marginally added to their bearish bets.

Commissioner-designate Wopke Hoekstra has sent responses in writing to EU lawmakers ahead of a confirmation hearing for his second term as the EU’s climate chief, shedding light on the bloc’s future climate priorities.

The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, which is supplied by revenues from the EU ETS.

Taiwan has stepped into a new era of carbon pricing as the government this week finalised long-awaited carbon levy rates for the island's major emitters.

The latest report on emissions reduction by Australia’s Clean Energy Regulator (CER) found gross emissions are falling faster than net emissions and renewable energy generation is increasing, but the use of carbon credits is ‘flat’, balanced out by greater use of international credits and less of Australian Carbon Credit Units (ACCUs), which is “trending downwards”.

For over a century the villagers of Barekuri, north-east India’s biodiversity hotspot, have coexisted with the country’s only ape species, the hoolock gibbon. But this harmony stands in fragile ecological balance. Mohit Chutia, a 55-year-old farmer and father, has been taking care of one gibbon family while raising his own. When researcher Ishika Ramakrishna arrives to study human-gibbon interactions, she joins forces with Mohit and the villagers to tackle the gibbons' urgent population decline, endangered by habitat loss, deforestation and industrial catastrophe

Continue reading...

Exclusive: Those with ‘interest in keeping world hooked on fossil fuels’ should not oversee climate talks, say report authors

Azerbaijan, the host of the Cop29 global climate summit, will see a large expansion of fossil gas production in the next decade, a new report has revealed. The authors said that the crucial negotiations should not be overseen by “those with a vested interest in keeping the world hooked on fossil fuels”.

Azerbaijan’s state-owned oil and gas company, Socar, and its partners are set to raise the country’s annual gas production from 37bn cubic metres (bcm) today to 49bcm by 2033. Socar also recently agreed to increase gas exports to the European Union by 17% by 2026.

Continue reading...

The Indian government is open to bringing in more carbon removal technologies under its offset mechanism, an official told Carbon Pulse on the sidelines of an event Tuesday.

Farmers in England can more easily access tree-related grants and carbon credits through the use of an AI-powered tool, launched Wednesday.

Carbon insurance startups are primed to help ease any supply bottleneck of carbon credits eligible for use against the CORSIA international aviation offsetting scheme, even though it may take a long time before units are made available to buyers due to UN political risk requirements.

How do buyers and sellers of renewable energy assess whether projects will deliver positive social and environmental outcomes?

The post The best renewable projects should not be just about price, and being responsible should not be a pipe dream appeared first on RenewEconomy.

California’s Environmental Justice Advisory Committee (EJAC) has urged state regulator ARB to vote no on the proposed Low Carbon Fuel Standard (LCFS) revisions, citing concerns that the agency has completely disregarded their recommendations.

The state Labor government is steering Australia’s climate policy, letting emissions soar unbridled as it paves the way for massive fossil fuel projects

Western Australia sometimes feels more than three hours behind the rest of the country.

The tyranny of our distance has always meant it’s been hard to get the attention of the east coast.

Continue reading...

A sulphur-crested cockatoo named Mickey that had been 'living on brioche' inside a Sydney supermarket for four weeks has been captured by wildlife services and is expected to be set free soon. On Tuesday morning, another cockatoo, Old Lady Doris, was taken into the supermarket by the Feathered Friends bird rescue director Ravi Wasan to comfort the lost bird, allowing Wasan to successfully capture him. Wasan said Mickey looked 'physically fine' and was not hungry because he was eating 'really well' in the supermarket. The NSW environment minister announced on Tuesday evening the bird had 'been safely captured by wildlife rescuers after spending way too long in Macarthur Square' shopping centre

• Cockatoo rescued after ‘living on brioche’ for four weeks inside Sydney supermarket

Continue reading...

California regulator ARB has yet to acknowledge the likelihood that the Low Carbon Fuel Standard (LCFS) would raise retail gas prices in the upcoming years or consider the environmental implications of its support for biofuels, an analysis released this month said.

The system operating in Australia from 2012 to 2014 was economically and environmentally efficient. Ross Garnaut, Professorial Research Fellow in Economics, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.