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Andrew Forrest's Squadron Energy said to be seeking $1 billion in finance for new wind and battery project in north Queensland.

The post Forrest advances plans for another billion dollar wind and battery project in Queensland appeared first on RenewEconomy.

Annual demand for high quality carbon credits under the Science-based Target initiative’s (SBTi) proposed new Scope 3 emissions offsetting rules could reach 5.9 billion tonnes, according to analysts, despite the significant uncertainty caused by the backlash in the wake of the announced changes.

Finance ministries’ roles in developing a robust policy framework to provide necessary incentives for the private sector to support net zero transitions, coupled with low cost lending, will play a crucial role in assisting emerging nations’ climate goals, experts emphasised at a panel discussion Tuesday.

Prime Minister Justin Trudeau’s 2024 budget, released Tuesday, sees an overdue reimbursement of C$2.5 billion ($1.8 bln) in carbon tax rebates to small businesses, delivery of prior announced investment tax credits by the end of 2024, and commits to exploring additional carbon contracts for difference (CCfDs).

Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.

Verra released Tuesday what it called "minor" updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.

A Brazilian state will receive funding from the country’s development bank that manages the Amazon Fund to address illegal deforestation and forest degradation, according to a press release.

A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.

The common triplefin is helping marine scientists understand the negative effects of ‘skyglow’ on coastal fish, which are already more exposed to microplastics, chemicals and noise pollution. Kathleen Laura Sterup, Postgraduate in Marine Biology, Te Herenga Waka — Victoria University of Wellington Abigail M Smith, Professor of Marine Science, University of Otago Licensed as Creative Commons – attribution, no derivatives.

US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.

A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.

Australian Carbon Credit Units (ACCUs) issued to a project in Western Australia will be stapled to independently verified 'co-benefit units’ tokenised on blockchain, according to its developers.

Thermal power will continue to dominate Russia’s annual generation mix from 2024-35, according to a data and analytics company.

Some EU member states are calling upon the European Commission to put forward a policy package on sustainable carbon for the chemical industry, according to a joint statement they delivered to the commissioner in charge of climate action, Wopke Hoekstra, in Brussels on Tuesday.

A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm's technology for real time measurement and reporting of GHG emissions, the companies said Monday.

The law will come into force in national parks within two years and in all of the country’s marine protected areas by 2030

Greece has become the first country in Europe to announce a ban on bottom trawling in all of its national marine parks and protected areas.

The country said will spend €780m (£666m) to protect its “diverse and unique marine ecosystems”.

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Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody's.

An increasing availability of better-quality data in the carbon market is already helping companies get closer to neutrality, experts at IETA’s annual European Climate Summit in Florence said on Tuesday.

Clearer definitions for the scope, quantification, and baselines of carbon farming activities to be included under the EU’s Carbon Removal Certification Framework (CRCF) were presented by the European Commission on Tuesday.

The challenge for a resource-rich, medium-sized economy such as Australia is to identify the right green industries to focus on, while minimising the risks to taxpayers

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It’s taken a while to get here, but Anthony Albanese is on the verge of promising what some economists and most clean energy advocates have been urging Australian governments to do for years. Or at least a version of it.

The prime minister’s promised “future made in Australia” act is clumsily named, and the announcement last week had few details, but the idea – that the government will need to use its weight to help develop green industries if the country is to make a rapid transition from fossil fuels to a clean economy – has been a long time coming.

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