Feed aggregator

An Abu Dhabi-based wealth management firm is launching a $250-million fund to invest in carbon credits.

The Canadian federal government confirmed on Wednesday that its long-awaited oil and gas emissions policy will come in the form of a cap-and-trade system, beginning in 2026.

Statkraft strikes partnership with Dutch company Aquabattery to develop a pilot test of its innovative saltwater-based flow battery designed to improve long-term storage.

The post Energy giant Statkraft to trial “revolutionary” flow battery made with saltwater appeared first on RenewEconomy.

An Ontario-based insurance company announced its partnership with a Canadian forest carbon project on Wednesday to revitalise 1,280 acres (520 ha) of degraded land in Alberta.

The European Commission has unveiled draft plans to force the EU's dirtiest factories to pay for more of their CO2 output by curbing their ETS free allocations, a move some observers say would spur significant emissions cuts but still give a free ride to some major polluters.

A Canadian province's price on carbon lowered emissions and created co-benefits in every area of its jurisdiction, but environmental improvements were greatest in the wealthiest areas, according to a study published Tuesday.

Rooftop solar output leaps by nearly a gigawatt to help establish new output records for renewables and reshape the grid.

The post Stunning leap in rooftop solar PV smashes renewable records across the grid appeared first on RenewEconomy.

Conditions this year have been perfect for a cabbage white population boom, but you can do a few things to stop their caterpillars from shredding your plants. Nigel Andrew, Professor of Entomology, Southern Cross University Licensed as Creative Commons – attribution, no derivatives.

Anne Lindboe to look at travel plans of Norway’s annual gift to UK but insists tradition will not stop

It is a long-cherished Christmas tradition: a tree sent to London every December from Norway to thank Britain for its support during the second world war.

But felling a decades-old 20-metre (66ft) spruce in the woodlands near Oslo and transporting it by road and sea to Britain to light up Trafalgar Square, only for it to be turned into woodchip a month later, could hardly be described as environmentally friendly.

Continue reading...

Lufthansa Group has agreed to pre-purchase direct air carbon (DAC) credits from the Airbus carbon removal scheme as part of its target to halve net CO2 emissions by 2030 compared to 2019.

The United Nations Educational, Scientific and Cultural Organization (UNESCO) is reportedly exploring forward selling biodiversity credits from its world heritage sites.

Three airlines have over-egged their green credentials, the UK's advertising watchdog said on Wednesday, upholding investigations into misleading claims about the environmental impact and sustainability of flying. 

Money offered so far falls far short of estimated $400bn in losses developing countries face each year

• Cop28 live – latest updates

Wealthy countries most responsible for the climate emergency have so far pledged a combined total of just over $700m (£556m) to the loss and damage fund – the equivalent of less than 0.2% of the irreversible economic and non-economic losses developing countries are facing from global heating every year.

In a historic move, the loss and damage fund was agreed at the opening plenary of the first day the Cop28 summit in Dubai – a hard-won victory by developing countries that they hoped would signal a commitment by the developed, polluting nations to finally provide financial support for some of the destruction already under way.

Continue reading...

Denmark's climate minister Lars Aagaard urged the European Commission on Wednesday to adopt a proposal for the EU to cut emissions by 90% across the bloc by 2040, the first member state to come up with a position on the interim goal towards the bloc's binding mid-century net zero target.

Former Ireland leader issues firm response in row over comments made to her by Cop28 president

• Cop28 live – latest updates

Mary Robinson, the former president of Ireland, has called for a rapid phase-out of fossil fuels, in a diplomatic but firm response to the row over comments made to her by the Cop28 president, which were revealed by the Guardian this week.

In a live online event, Sultan Al Jaber had told Robinson there was “no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what’s going to achieve 1.5C”, a view strongly rejected by many scientists. As well as running the Cop28 UN climate summit in Dubai, Al Jaber is the chief executive of the United Arab Emirates’ state oil company, Adnoc.

Continue reading...

Singapore has concluded negotiations with a series of nations across Asia, Latin America and Africa on implementation of Article 6 to give it access to international carbon markets.

Science Based Targets Network (SBTN) is developing science-based targets for nature focused on cities, it has announced at a COP28 presidency event.

A French project developer has agreed terms with local authorities to develop projects in the Philippines and Nigeria that are expected to generate tens of millions of carbon credits over coming decades.

A Japanese project developer has teamed up with a major tech company in Vietnam to expand its carbon credit generating business in Southeast Asia, with a focus on sustainable agricultural practices.

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in November more than reversed the previous month's gains despite record-high transactions, with low spot volumes and political developments likely hindering prices, a report published Tuesday said.