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California’s carbon market watchdog targets an early-2025 publication of its 2024 annual report in tandem with expected conversations in the state legislature regarding extension of the WCI cap-and-trade programme, committee members discussed Wednesday.

Report finds keeping troubled Callide B coal plant open beyond 2028 could cost taxpayers up to $420 million a year.

The post Queensland opposition’s coal keeper plan could cost taxpayers $420 million a year appeared first on RenewEconomy.

Forest Alliance of NSW report says current regulations are a ‘licence to kill’ endangered species in four state forests where logging is scheduled

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Forest campaigners are demanding an immediate moratorium on logging in endangered greater glider habitat in New South Wales after their surveys detected more than triple the number of gliders than what was recorded by the state-owned forestry agency.

The Forest Alliance of NSW said current regulations are a “licence to kill” the species, whose populations have already plummeted in the aftermath of the black summer bushfires.

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New Zealand is likely to be severely short on NZUs after 2030 unless emissions start to rapidly decline, a forestry expert told a panel discussion Wednesday.

A group of conservation organisations have filed a suit against the Tennessee Valley Authority (TVA), asking a federal court to halt efforts by the nation's largest public utility to replace a retiring coal installation with a natural gas-fired power plant.

It’s not surprising that consumers would like to install PV, batteries, efficient appliances and smart management, as well as upgrading their homes’ thermal efficiency, to defend against the madness of energy markets.

The post Solar bonus tariff triggers big debate about madness of energy markets. But it’s energy efficiency that counts appeared first on RenewEconomy.

Wind farm targeted by National Party MP Barnaby Joyce and his wife has removed two turbines and relocated another 21, and offers what is described as the largest community enhancement fund in the country.

The post Giant wind farm behind Barnaby “poo tickets” outburst changes layout, trims turbine numbers appeared first on RenewEconomy.

The voluntary carbon market (VCM) will continue attracting adjacent government regulations related to credit transparency and trading behaviour without fully regulating the market, offset experts said during a Wednesday webinar.

A Canadian advisory firm intends to roll out its tech solution that monetises EV credits earned through the country’s nascent Clean Fuels Regulations (CFR) to US jurisdictions with existing and planned electrification programmes.

The US Supreme Court issued a decision on Wednesday denying the applications of Republican states, power companies, and industry groups to stay federal laws restricting CO2 emissions from power plants.

River restoration can increase storage of CO2 but it is not yet a viable option for generation carbon credits due to significant uncertainties around measuring and maintaining carbon levels in dynamic river ecosystems, a new study has warned.

A solar farm in Florida has been devastated by tornadoes spawned by Hurricane Milton, with a narrow path carved right through the middle.

The post Tornadoes spawned by Hurricane Milton carve corridor of destruction through Florida solar farm appeared first on RenewEconomy.

Landmark review says urgent action needed to conserve resources and save ecosystems that supply fresh water

More than half the world’s food production will be at risk of failure within the next 25 years as a rapidly accelerating water crisis grips the planet, unless urgent action is taken to conserve water resources and end the destruction of the ecosystems on which our fresh water depends, experts have warned in a landmark review.

Half the world’s population already faces water scarcity, and that number is set to rise as the climate crisis worsens, according to a report from the Global Commission on the Economics of Water published on Thursday.

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Around 35% of installations have exited the EU ETS since its inception, while a further 16% have stopped operating, according to a new analysis.

Temperature and soil moisture play a critical role in shaping the wood density of trees, which in turn acts as key factor in determining forest carbon stocks, a new study has found.

Emergency requests by 27 states to pause rule requiring fossil fuel-powered plants to reduce emissions were denied

The US supreme court declined on Wednesday to put on hold a new federal rule targeting carbon pollution from coal- and gas-fired power plants at the request of numerous states and industry groups in another major challenge to Joe Biden’s efforts to combat the climate crisis.

The justices denied emergency requests by West Virginia, Indiana and 25 other states – most of them Republican-led – as well as power companies and industry associations, to halt the Environmental Protection Agency (EPA) rule while litigation continues in a lower court. The regulation, aimed at cutting greenhouse gas emissions that drive the climate crisis, took effect on 8 July.

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An advanced carbon capture solvent that absorbs up to 95% of CO2 emissions from industrial processes is set to undergo engineering-scale testing in Norway this October.

A specialist insurance firm has partnered with a carbon project ratings agency and data platform to offer a suite of insurance products aimed at mitigating the risks inherent in the voluntary carbon market.

Biodiversity credits could unlock new funding for nature restoration. But if this happens without consideration of Indigenous data sovereignty, it could create a new form of colonialism. David Hall, Senior Lecturer in Social Sciences and Public Policy, Auckland University of Technology Mike Taitoko, Program Director, Toha Network, Indigenous Knowledge Nathalie Whitaker, Platform Designer, Toha Network, Indigenous Knowledge Renee Raroa, Establishment Director of East Coast Exchange, Indigenous Knowledge Tasman Turoa Gillies, Head of Operations, Takiwā, Indigenous Knowledge Licensed as Creative Commons – attribution, no derivatives.

Islands cover just 5.3% of the world’s land area, but contribute disproportionately to global biodiversity, according to research published in Nature. Julian Schrader, Lecturer in Plant Ecology, Macquarie University Licensed as Creative Commons – attribution, no derivatives.