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Australia’s Labor government has introduced its Guarantee of Origin bill to parliament as part of the Future Made in Australia (FMIA) policy that was recommended by a senate committee last week.

The world is still on track to be awash with oil by the end of the decade after global demand growth decelerated in the first half of 2024 to the lowest rate since 2020, the International Energy Agency (IEA) reported on Thursday.

A Chicago-headquartered financial services firm has launched a blockchain carbon credit platform for institutional buyers, it announced on Thursday.

A Tanzania-based developer has partnered with CreditNature to launch a biodiversity credit pilot in the Kilimanjaro region by the end of November, Carbon Pulse has learned.

European carbon allowance prices fell back in line with weaker energy markets on Thursday morning, as EUAs continued to fluctuate in their recent options-driven €2 range near a five-month low, with traders seeing little incentive for levels to break out.

A senior EU negotiatior on Article 6 of the Paris Agreement has warned against taking a short-term approach to developing the UN markets, saying this could damaging confidence in carbon pricing as a credible solution to tackle climate change.

Language in Senate defense bill is probably first step to shield widely used toxic F-gases from regulation

US lawmakers and the military are pushing for a new definition of toxic PFAS “forever chemicals” that would exclude a subclass of toxic compounds increasingly used across the economy and considered to be potent greenhouse gases.

Language included in the defense bill by the Senate armed services committee asks the military to detail how it uses fluorinated gases, or F-gases, stating that the committee is “interested in learning more about how the [department of defense] may or may not be impacted by the definition” of PFAS.

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A Singapore-headquartered biochar company and a Japanese developer specialising in methane reduction projects have been awarded a grant to reduce emissions from rice fields in the Philippines, they said in a joint statement.

A bill to certify renewable electricity and the carbon footprint of the emerging hydrogen industry has been referred for a Senate inquiry.

The post Guarantee of Origin: Move to prove credentials of green goods, set up REGO for renewables appeared first on RenewEconomy.

The application of carbon pricing in the power sector will be crucial to meeting climate goals set under the Paris Agreement, however, approaches must be altered to the needs of low- and middle-income countries and the challenges they face, said World Bank’s latest report launched Thursday.

Demand for liquefied natural gas (LNG) in Europe fell 20% year-on-year in the first half of 2024, after gas consumption dropped to a 10-year low last year, analysts said this week, suggesting the continent’s thirst for the fuel may have already peaked.

Nearly 40% of the Amazon rainforest areas considered crucial for addressing the climate crisis still lack proper legal protection, with approximately 10.9 million hectares at potential risk, said a report released Thursday.

A group of Korean researchers has introduced a low-carbon catalyst technology for producing sustainable aviation fuel (SAF) amid growing domestic interest in the development of the eco-friendly fuel. 

An Edinburgh-based company has closed a £1 million pre-seed funding round for its ultra-high temperature thermal energy storage system aimed at decarbonising industrial heat, it announced on Thursday.

Australian airline Qantas sees both opportunities and risks in its ongoing reliance on carbon credits as it looks to scale up its sustainable aviation fuel (SAF) intake, according to its 2024 sustainability report published Thursday.

A top oil refiner in South Korea is set to start commercial operations of the country's first production line for sustainable aviation fuel (SAF) next month, in response to the increasing demand for the eco-friendly fuel.

Grand schemes, many backed by government, masquerade as taking action on the environment. They should be disowned

Let’s talk about perceptionware. Perceptionware is technology whose main purpose is to create an impression of action. Whether it will ever work at scale is less important, in some cases entirely beside the point. If it reassures the public and persuades government not to regulate damaging industries, that’s mission accomplished.

Managing perceptions is an expensive business. Real money, especially public money, is spent on fake solutions. Take carbon capture and storage: catching and burying carbon dioxide emissions from power stations, oil and gas fields, and steel and cement plants. For 20 years, it has spectacularly failed to reduce greenhouse gas emissions. In fact, its only clear successes involve enhanced oil recovery: carbon dioxide is used to drive oil out of geological formations that are otherwise difficult to exploit. With astonishing chutzpah, some oil companies have claimed the small amount of carbon that remains trapped in the rocks as a climate benefit. Though it is greatly outweighed by the extra oil extracted, they have, as a result, received billions in government subsidies.

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Fortescue has started construction on its $150 million PEM50 green hydrogen project in Gladstone, Queensland.

The post Fortescue breaks ground on Gladstone PEM50 green hydrogen facility appeared first on RenewEconomy.

The offshore wind industry in the Asia Pacific is displaying significant growth in a patchwork fashion, but missing regulatory frameworks and significant supply chain bottlenecks down the track will require careful planning, according to experts. 

Matt Kean on being a private citizen, duelling with Barnaby, rent-seeking on Eraring and pathways to net zero.

The post Energy Insiders Podcast: Rent-seeking and net zero appeared first on RenewEconomy.