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Fortescue misses third deadline for FID on Gibson Island hydrogen project, meaning Genex must look for other customers for its Bulli Creek solar farm.

The post Giant solar project in limbo as Forrest misses another deadline on key green hydrogen project appeared first on RenewEconomy.

A voluntary carbon project developer has teamed up with a platform to develop an offset protocol to mitigate risks from orphaned and abandoned oil wells.

A range of investment funds opened accounts in California’s WCI-linked carbon market in Q1 according to state data published Friday.

Traders largely widened their net length across North American carbon markets, with a preference for longer dated vintages, according to data published Friday by the US Commodities Futures Trading Commission (CFTC).

Yet another study of current carbon offset protocols published Monday shows forest buffer pools to be insufficient in insuring against risk of natural disturbances such as tropical wildfires, disease, and extreme weather, with greater significance for older forests.

The New Zealand government has released a 36-point action plan for the country’s economy over the next quarter, which includes moves to keep the agriculture sector out of the ETS, as well as reviewing its methane science and targets.

RGGI allowance (RGA) values reached new peaks for the third consecutive week amid market expectations of further rises until sellers lock in profits, with price stabilisation likely after the finalisation of programme changes.

The Washington Clean Fuel Standard (CFS) saw its credit surplus more than double in the third quarter of 2023, as ethanol and renewable represented the largest sources of credit generation, according to recently published and updated state data.

Woman has a narrow escape after falling into a flooded drain in Daylesford, as central Victoria and western Melbourne hit by flooding and building damage

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Victoria’s emergency services fielded almost 500 requests for help as thunderstorms, damaging winds and heavy rain pummelled Melbourne’s western suburbs and the centre and east of the state.

There were close to 250 reports of building damage and 110 food-related incidents across the state in the 24 hours to 7am, the State Emergency Service said.

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Neoen Australia, the country's most successful renewable and storage developer, reportedly seeking sell down of Australian assets.

The post Australia’s most successful renewable and storage developer seeks buyer in biggest asset sale appeared first on RenewEconomy.

Republican members of the Pennsylvania House of Representatives unveiled last week a series of bills they say are intended to promote energy affordability and serve as a counterproposal to Governor Josh Shapiro's (D) energy transition plans that include the implementation of a cap-and-trade system to replace the state's participation in RGGI.

Bushwalkers with smartphones could help scientists track a fungus lethal to many of Australia’s most loved trees. Erin Roger, Sector Lead, CSIRO Alyssa Martino, PhD Candidate , University of Sydney Rebecca Paxton, Doctoral student, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.

The new global climate finance goal will have to drill down on details such as where the money comes from, where it is allocated, how it is monitored and verified, and, ideally, how to bolster integrity of carbon markets, according to a senior international climate finance official. 

CAP scheme, which pays more to farms that occupy more land, drives ‘perverse outcomes for a food transition’, says study

The EU has made polluting diets “artificially cheap” by pumping four times more money into farming animals than growing plants, research has found.

More than 80% of the public money given to farmers through the EU’s common agriculture policy (CAP) went to animal products in 2013 despite the damage they do to society, according to a study in Nature Food. Factoring in animal feed doubled the subsidies that were embodied in a kilogram of beef, the meat with the biggest environmental footprint, from €0.71 to €1.42 (61p to £1.22).

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Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.

Dutch court ruling that KLM misled customers ‘wakeup call’ that decarbonisation plans should be credible, climate advocacy group says

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Australian airlines could be found to have misled consumers in the way they present their net zero goals and market offset options during flight bookings, climate advocates have claimed, following a landmark legal decision on aviation “greenwashing”.

The warning from Climate Integrity, a new Australia-based advocacy group, follows a Dutch court late last month ruling that airline KLM misled customers with vague environmental claims, and that its affirmation to the goals of the Paris Agreement was “misleading and therefore unlawful”.

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The European Shippers Council has hit back at an NGO's claim that shipping companies are profiting from the ETS, countering that companies operating in southern EU countries will struggle to meet compliance obligations.

Hot and dry conditions could force measures despite country experiencing wettest 18 months since records began

• Why is the UK facing water shortages despite record rainfall?

The UK could face water shortages and hosepipe bans if this summer is hot and dry, despite having experienced the wettest 18 months since records began.

Leading scientists have said that because the UK is not storing its water properly, the country is vulnerable to the “all or nothing” rain patterns being experienced more frequently due to climate breakdown.

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EU governments are scrambling to hire and train staff to deal with the bloc's Carbon Border Adjustment Mechanism (CBAM), with some — such as Germany — yet to bring on anyone new, and others — such as Slovenia and Latvia — hoping Brussels will provide more guidance, representatives from the national competent authorities have told Carbon Pulse.

The federal government of Pakistan is considering imposing a carbon tax on fossil fuels to bring down their demand and is contemplating ways to include such a tax in its upcoming budget, officials have told a local media.