Feed aggregator

A Dubai-headquartered fintech firm has teamed up with a Sri Lanka-based project developer to generate and issue biodiversity and oxygen credits within a pilot restoration project in the Belipola private forest.

Australia again ranks amongst the world's worst countries for climate action, ahead of only ustralia was only ahead of Qatar, Brunei and the United Arab Emirates.

The post Australia exposed as one of world’s worst climate wreckers in key UN-backed report appeared first on RenewEconomy.

Concrete pours and first turbines complete at the largest wind project in South Australia, and the first to connect to grid in more than two years.

The post Concrete foundations and first turbines up as S.A.’s biggest wind farm poised to start production appeared first on RenewEconomy.

Copernicus Climate Change Service says results a ‘large and continuing shift’ in the climate

The world has baked for 12 consecutive months in temperatures 1.5C (2.7F) greater than their average before the fossil fuel era, new data shows.

Temperatures between July 2023 and June 2024 were the highest on record, scientists found, creating a year-long stretch in which the Earth was 1.64C hotter than in preindustrial times.

Continue reading...

After several delays, federal environment minister gives tick to Hunter Valley wind farm.

The post Hunter Valley wind farm gets federal approval as developer sets sights on second stage appeared first on RenewEconomy.

FRV committed to its first hybrid generator/battery in Australia after a rule change paved the way for a shared grid connection point.

The post Saudi-owned FRV switches on its first solar/battery hybrid project in Australia appeared first on RenewEconomy.

First turbines go up at off-grid mine that will be mostly powered by renewables and storage.

The post First turbines go up at off-grid mine after 850kms journey from port appeared first on RenewEconomy.

The UNFCCC is considering repurposing its voluntary offset platform, which is supplied by Kyoto-era credits, in order to support the new carbon credit generation mechanism under the Paris Agreement.

US President Joe Biden's administration is targeting the end of the year for the issuance of highly anticipated draft emissions standards for existing natural gas-fired power plants, according to a biannual regulatory agenda published late Friday that also provided expected timelines on a litany of other planned environmental regulations.

Another visitor in same motorcycle group hospitalized for ‘severe heat illness’ as other four members treated at scene

A visitor to Death Valley national park died Sunday from heat exposure and another person was hospitalized as the temperature reached 128F (53.3C) in eastern California, officials said.

The two visitors were part of a group of six motorcyclists riding through the Badwater Basin area amid scorching weather, the park said.

Continue reading...

Peter Dutton seizes on UK Labour's commitment to nuclear. What he didn't mention is that its wind and solar plans are even more ambitious than Australia's Labor government.

The post UK Labour to double onshore wind, triple solar power, and quadruple offshore wind by 2030 appeared first on RenewEconomy.

Keeping the lights on in Australia is not an easy task – and adding nuclear to the mix would add new complications. Asma Aziz, Senior Lecturer in Power Engineering, Edith Cowan University Licensed as Creative Commons – attribution, no derivatives.

Spanish energy giant files application to double size of Australia's biggest wind project, in the electorate of anti-renewable Nationals leader David Littleproud.

The post Green tick sought to double size of Australia’s biggest wind farm appeared first on RenewEconomy.

An international proprietary trading firm has seen its European and Asian carbon desks emptied, Carbon Pulse has learned.

The US Forest Service, responsible for stewardship of public forest acreage, defended its timber targets as part of its process to secure funding from Congress, and thus not subject to federal environmental law, in recent updates to a lawsuit filed by environmental groups against the agency.

A Canada-based CO2 removal (CDR) company and researchers from a Nova Scotian university are set to initiate a field experiment this month in Halifax Harbour to test ocean alkalinity enhancement (OAE) as a means of marine CDR.

Stakeholders pushed back on the California regulator’s proposals to trim utility and industrial allocation, force consignment of free allowances, and place limits on permit revenue usage, which would raise utility costs for consumers, in feedback submitted in response to ARB’s cap-and-trade May workshop.

Freshwater wetlands must be included in voluntary carbon market (VCM) methodologies to protect at-risk areas and leverage their outsized carbon sequestration potential, according to a Chilean environmental consultant speaking to Carbon Pulse on the sidelines of the Latin America Climate Summit in Cartagena last week.

Private companies are needed to help destroy ozone-depleting substances (ODS) but should align closely with multilateral governance bodies, a Finnish negotiator under the Montreal Protocol told Carbon Pulse, noting that Finland does not have an official position on the voluntary carbon market (VCM) specifically, as countries prepare to meet next week.

The party’s targets of building 1.5m homes over five years and decarbonising the electricity grid by 2030 look a stretch

• Business live – latest updates

A landslide victory for Labour was also a satisfactory result for the vigilantes of the bond market. A Conservative administration that served up Liz Truss’s reckless budget of unfunded giveaways in 2022 has been punished. A Labour party promising fiscal discipline, to the point where it ditched a previous flagship £28bn policy on green investment in case it scared the horses, has been rewarded.

So, yes, one can see why the UK has suddenly acquired haven-like status in the eyes of financial markets. Unlike the US and France, for instance, international investors now know what they’re getting with the UK: a stable government anxious to demonstrate its market-friendly credentials. Meanwhile, inflation is falling and cuts in interest rates lie around the corner. “We believe UK government bonds (gilts) are attractive at current levels,” said Peder Beck-Friis, an economist at Pimco, the enormous bond fund manager.

Continue reading...