Feed aggregator

Limiting global warming to 1.6C will be a monumental task but achievable, as renewable capacity installations are smashing records and the costs of clean technologies are falling rapidly, according to an energy consulting firm.

Environmental groups warn that next year's farm payments budget will not be enough to protect nature.

The Inter-American Development Bank (IDB) and the World Bank on Oct. 29 announced new guidelines for Amazonia Bonds, a capital markets instrument aimed at financing projects that benefit biodiversity, local communities, and zero-deforestation initiatives across the Amazon.

Shell’s dash for gas reaped dividends in the third quarter, but a green activist shareholder group warned backtracking on renewable investments was jeopardising the future of the company.

European carbon prices weakened on Thursday morning, dragged lower by falling natural gas and breaking below a key technical support mid-morning, as the market continued to occupy the €60-€68 range for a ninth week.

UK government offers undisclosed sum in compensation to Rosamund Adoo-Kissi-Debrah for daughter’s untimely death

The mother of a nine-year-old girl who became the first person in the UK to have air pollution cited on their death certificate will receive an undisclosed settlement from the government in compensation for her daughter’s untimely death.

Settling a legal case, the Department for Environment, Food and Rural Affairs, the Department for Transport and the Department of Health and Social Care issued a statement expressing sincere condolences to the family of Ella Kissi-Debrah, from south-east London, who had a fatal asthma attack in 2013 after being exposed to excessive air pollution.

Continue reading...

Papua New Guinea is closer to a carbon market but is waiting on a few key steps, a senior official said this week, as news comes the nation has confirmed it will boycott this year’s COP29 summit in Baku, Azerbaijan.

Macao this week unveiled a voluntary carbon exchange backed by a leading Chinese private equity firm, which aims to help China link up with international markets.

Australia's conservative Coalition party's failure to clarify its position on the Safeguard Mechanism and the lengthy development process of new Australian Carbon Credit Unit (ACCU) methods has created an air of uncertainty in the market, experts told Carbon Pulse this week.

Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said. 

Fears raised that biodiversity summit not addressing countries’ failure to meet a single target to stem destruction of natural world

Governments risk another decade of failure on biodiversity loss, due to the slow implementation of an international agreement to halt the destruction of Earth’s ecosystems, experts have warned.

Less than two years ago, the world reached a historic agreement at the Cop15 summit in Montreal to stop the human-caused destruction of life on our planet. The deal included targets to protect 30% of the planet for nature by the end of the decade (30x30), reform $500bn (then £410bn) of environmentally damaging subsidies, and begin restoring 30% of the planet’s degraded ecosystems.

Continue reading...

The State of the Climate report shows Australia's average temperatures have already risen 1.5 C for the first time since records began, as the latest Clean Energy Regulator issuance saw an increase in Australian Carbon Credit Units (ACCUs).

The Beijing municipal government will auction one million carbon allowances under its pilot emissions trading scheme in November, with a price floor for the sale to be set later.

Hopes of tangible progress at the approaching UN climate summit COP29 in Baku, Azerbaijan, are at risk of being quashed by pro-fossil fuel interests and signs of government corruption, according to a report by Transparency International (TI) released Thursday.

A combined hydrogen and solar project is up for public consideration in the federal green queue, proposed by a company featuring several former key players in the LNP.

The post Former Coalition minister and Nationals boss emerge as chair and CEO of solar and hydrogen hopeful appeared first on RenewEconomy.

Human-caused climate change made recent extreme weather events more intense and more likely, new analysis finds.

Human-caused climate change made recent extreme weather events more intense and more likely, new analysis finds.

Australian start-up attracts $45m from some of world's biggest PE funds and a local billionaire for its digital twin technology helping network companies manage their assets.

The post Australia 3D network modelling firm lands $45 million to target global markets appeared first on RenewEconomy.

Neoen told it must sell its operating and development projects in Victoria if the proposed takeover by Brookfield is to pass muster.

The post Neoen told it must sell renewable and battery hubs to allow Brookfield deal appeared first on RenewEconomy.

Consumption of hard coal in power plants to generate electricity fell by 39 per cent in 2024, despite the closure of the last nuclear plants last year.

The post German coal use plunges nearly 40 per cent in 2024, despite nuclear exit appeared first on RenewEconomy.