Feed aggregator

European carbon allowance prices were marginally firmer at midday on Thursday, with the benchmark clawing back early losses as energy markets appeared to be stabilising after three days of declines.

Implementing a 'bioeconomy' approach on biodiversity credit project areas in the Amazon could help developers stay afloat at a time when demand for units has yet to pick up, the founder of a Brazil-based nature tech company has told Carbon Pulse.

The World Bank’s International Finance Corporation (IFC) has provided a loan of $60 million to the second largest steel producer in Indonesia in order to help the firm transition to low-carbon production and drive sector-wide decarbonisation.

A startup focused on exchange-traded carbon investments has tied up with a Dubai-headquartered e-marketplace firm to offer voluntary credits to its clients.

A Brazilian startup released on Wednesday the first version of its biodiversity credit methodology for endangered species, predominantly focused on plants, after implementing a two-month trial on a small private land area.

Japanese public financial institutions provided a staggering $93 billion in support for overseas oil and gas projects over the last decade, four times larger than that provided for clean energy projects, a report has found.

Some 20 investors managing $695 billion in assets collectively have asked a chemical company to avoid mining a wetland in the US for titanium, in a letter on Tuesday.

The Spanish ecological transition minister, who is widely tipped for the European Commission’s climate portfolio, has highlighted the importance of ramping up investments in electricity grids to support the green transition.

The mismatch between forward prices displayed in Australia's carbon market and projected price increases is a result of fundamental demand drivers failing to be factored into the market, according to analysis published Thursday.

South Korea and Japan have decided to extend their collaboration and launch a global working group on the development of carbon-free energy.

The Malaysian government has released a decarbonisation blueprint for its aviation sector, targeting net zero emissions by 2050, it announced Thursday.

Dusky sea snake was placed on threatened species list this week and is known only to exist on a small number of reefs off the Kimberley coastline

Conservation scientists advising the federal government have called for fossil fuel activity in the location of Woodside’s proposed multibillion gas project to be urgently reviewed to protect the stronghold of an endangered sea snake.

The dusky sea snake, Aipysurus fuscus, was placed on the country’s threatened species list this week and is known only to exist on a small number of reefs off the Western Australia Kimberley coastline.

Sign up for Guardian Australia’s breaking news email

Continue reading...

The International Business Aviation Council (IBAC) has introduced a new platform for aviation companies to purchase offsets through a renewed partnership with a voluntary carbon exchange.

Comprehensive new report puts renewables at the centre of all plausible pathways to meet Australia's climate targets – including 10 years early. Nuclear, meanwhile, won't get us there by 2050.

The post Nuclear won’t cut it: CCA says Australia must go all in on renewables to meet climate targets appeared first on RenewEconomy.

Australia has a time-critical opportunity to catalyse investment into this potential export behemoth at speed and scale. The clock is ticking.

The post Australia must keep its eyes on the green iron prize – the cost of inaction is untenable appeared first on RenewEconomy.

Experts urge Australia not to delay target too long as report by Climate Change Authority identifies six barriers to net zero

• Get our breaking news email, free app or daily news podcast

The Australian government may delay the announcement of a 2035 climate target until after the February deadline and beyond the next election, in part due to uncertainty about the ramifications of the US presidential election.

Some big emitting countries are lagging in developing their 2035 emissions reduction targets, which under the Paris climate agreement are due before the UN climate summit in Belém, Brazil, in November next year.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Spanish energy giant starts construction on its biggest solar project in Australia, to be paired with a big battery to help dodge negative prices.

The post Spanish energy giant starts building new solar and big battery hybrid project in Queensland appeared first on RenewEconomy.

Conservative, socialist or nationalist, what’s best for biodiversity? The results may surprise you. We studied 165 nations, examining threatened species numbers and the extent of protected areas. Matt Hayward, Professor of Conservation Science, University of Newcastle Andrea S. Griffin, Associate Professor in Wildlife Conservation Science, School of Environmental and Life Sciences, University of Newcastle Jacob Jones, Ph.D. Candidate in Conservation Politics, University of Newcastle Licensed as Creative Commons – attribution, no derivatives.

Research shows children living in the zone are now nearly four times more likely to be walking or cycling.

Australia's two biggest wind projects have injected their first power into the grid, as other wind and solar farms work quickly through the commissioning process, and others stumble.

The post Australia’s two biggest wind projects inject first power into the grid appeared first on RenewEconomy.