Feed aggregator

European carbon was firmer on Thursday, tracking a technical bounce in natural gas prices after both markets had fallen for three days in a row, as analysts described the gas market as oversold and participants also highlighted increased hedging of March EUA options.

The Scottish government has released a plan outlining actions to drive financing towards biodiversity protection across the country, including developing an Ecosystem Restoration Code to scale up market-based investment.

Goldman Sachs Asset Management announced on Thursday the launch of a global biodiversity bond fund to address investors' increasing interest in nature, the firm has said.

The European Commission is putting wholesale gas markets under close scrutiny as part of a renewed transparency push, wielding “possible sanctions” on those attempting to manipulate a market that is also driving carbon prices on the EU’s Emissions Trading Scheme (ETS).

Australia could follow New Zealand's example to help industrial companies switch from gas to electricity.

The post New Zealand is a poster child for industrial electrification. Can Australia follow suit? appeared first on RenewEconomy.

Big batteries are booming in Germany but their role in aadvancing the energy transition appears to have been impeded by their increasing use for profit.

The post How to make sure big batteries are focused on helping the grid, not lining their owner’s profits appeared first on RenewEconomy.

Carbon standard Verra has released a new methodology that applies to projects implementing improved water and crop management practices in flooded rice systems.

The global carbon mineralisation industry could be worth tens of billions of dollars using existing mine waste, according to a white paper released Thursday by a startup in the space.

A civil lawsuit has been filed to demand steel major POSCO, one of South Korea’s major carbon emitters, stop relining an ageing blast furnace in the Gwangyang region.

A carbon accounting firm announced on Thursday it will offer a project developer’s carbon credits on its platform in what the companies called a “first of its kind” partnership in Australia.

A Singapore-headquartered offset project developer has secured fresh funding to expand its biochar business in Southeast Asia, initially in Cambodia, its founder told Carbon Pulse.

One of Japan's largest financial groups has introduced an insurance product that compensates the insured for the costs of procuring replacement units when the value of carbon credits is damaged.

Experts nudged policymakers to prioritise tangible benefits for California consumers to address affordability concerns as they consider the state’s cap-and-trade scheme revisions and reauthorisation beyond 2030. 

Safeguard Mechanism Credits (SMCs) have traded on the Australian spot market for the first time, a trading platform announced Thursday.

Australia’s ecosystem services provided at least A$85 billion ($53 bln) worth of support for its economic wellbeing, despite its declining health, according to the country's first experimental National Ecosystem Accounts released Thursday.

The first-of-its kind report by the Australian Bureau of Statistics looks beyond GDP to a broader measurement of what nature is really worth. John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra Licensed as Creative Commons – attribution, no derivatives.

Hotly contested plans to build 900MW wind farm on Robbins Island off north-west Tasmania have beaten a Supreme Court bid to overturn state environment approvals.

The post Robbins Island wind farm beats Supreme Court challenge, but still awaits EPBC ruling appeared first on RenewEconomy.

In the first of a new series of interviews with local groups installing community batteries, Village Power director Graeme Martin explains what to do, and what not to do, if you want to install a community battery.

The post SwitchedOn Podcast: The struggle to switch on a community battery appeared first on RenewEconomy.

The solar and battery project south of Tamworth is the first from a newly formed renewables developer that has teamed up with a Chinese solar giant.

The post New renewables developer proposes solar farm and big battery for Tamworth hinterland appeared first on RenewEconomy.

bp says fossil fuel reset follows "misplaced optimism" for a fast energy transition, with renewable hydrogen plans the hardest hit, including three mega-projects in Australia.

The post “Too far, too fast:” bp details renewables backtrack, puts Australian green hydrogen mega-projects on ice appeared first on RenewEconomy.