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Cost of the ACT's 100 per cent renewable scheme has gone negative again - the fourth time that consumers have received a pay pack as higher bills affect the rest of the country.

The post Cost of ACT’s 100 per cent renewable energy scheme goes negative – again! appeared first on RenewEconomy.

A California-headquartered developer of modular onboard carbon capture and storage (CCS) for the shipping sector has a raised $9.5 million in new funding, according to a Tuesday press release.

Defra body, created to overhaul system amid public fury, may force firms to be run for public good rather than shareholder returns

• New water regulator must create environmental enforcer that is feared | Nils Pratley

Water companies in England could be banned from making a profit under plans for a complete overhaul of the system.

The idea is one of the options being considered by a new commission set up by the Department for Environment, Food and Rural Affairs (Defra) amid public fury over the way firms have prioritised profit over the environment.

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The division of responsibilities between Ofwat, the Environment Agency and Drinking Water Inspectorate hasn’t worked

• New regulator may ban English water companies from making a profit

An independent commission into the English and Welsh water sector would have been an excellent idea about 20 years ago. It is hard to pinpoint precisely when the industry went seriously off the rails but Ofwat’s infamous price review of 2004 is one starting point. That is when the undoubted gains from higher investment in the decade after privatisation in 1989 started to evaporate and the story turned into one of financial engineering and grossly inadequate regulation.

The 2004 settlement was wildly generous to the companies and kickstarted the disastrous take-private buyout boom by private equity and global infrastructure funds. Dividend extraction and “whole business securitisations” followed, tolerated by an economic regulator that, absurdly, took the view that sky-high debt levels and Cayman Islands financing vehicles were not its job to worry about.

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The Obama administration's special envoy for climate said Tuesday that pinning down a number to succeed the existing $100 billion climate finance goal during the upcoming COP29 summit will be "very difficult to wrestle to the mat".

A California carbon capture and storage (CCS) project was approved by local officials on Monday amid public opposition, enabling permanent underground storage of up to 49 million tonnes of CO2 in depleted oil fields.

Market-based financing for nature and climate must take a whole-ecosystem approach, looking past carbon sequestration potential to effectively address the two crises, an NGO policy expert has told Carbon Pulse on the sidelines of COP16.

A fuel technology company based in California announced seed funding of $3 million on Tuesday for a patented process that enables the production of 100% synthetic sustainable aviation fuel (SAF) production.

Getting off gas at home is healthier, cheaper and better for the planet. Now the Electrify 2515 community pilot project promises to demonstrate household electrification at scale. Gill Armstrong, Researcher in architecture and urban planning, Climateworks Centre Portia Odell, System Lead - Cities, Climateworks Centre Licensed as Creative Commons – attribution, no derivatives.

Report also finds at least 1,344 individual birds of prey were persecuted in the UK between 2009 and 2023

More hen harriers were killed in 2023 than in any other year on record, a report has found.

The RSPB’s Birdcrime report also found that at least 1,344 individual birds of prey were persecuted in the UK between 2009 and 2023, and that 75% of people convicted of offences related to the persecution of birds of prey in that period were connected to the gamebird shooting industry.

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The Bloomberg Ocean Initiative, together with conservation technology NGO SkyTruth, on Tuesday announced an expansion of SkyTruth’s 30x30 Progress Tracker at COP16.

A system for navigating nature-related technologies will be announced on Tuesday by two collaborating initiatives at biodiversity conference COP16, Carbon Pulse has learned.

Panama's Ministry of Environment has temporarily suspended all community forest use permits in two regions in response to a high rate of deforestation, it said over the weekend.

The UK will announce a blueprint for how it will manage the clean energy transition in the country out to 2050 before the end of the year.

Oil, gas, and mining industries pose growing threats to critical ecosystems in the Amazon Basin, Congo Basin, and Southeast Asia, a report has found.

The European Commission on Monday presented draft methodologies to measure the CO2 removals obtained from three different techniques, paving the way for the EU to formally adopt them as part of its new carbon removals certification scheme as early as next year.

Companies could procure biodiversity credits, or other instruments, as part of their nature strategies, the World Economic Forum (WEF) said in a report published Monday.

The EU will go to Baku next month stressing the need to widen the base of contributors to a bigger global climate finance goal - including big emerging, and polluting, economies and greater private sector investment, according to agreements reached by ministers and parliamentarians ahead of the COP29 summit.

Carbon registry Verra is “trying its best” to convince the Integrity Council for the Voluntary Carbon Market (ICVCM) to accept renewables projects in least developed countries for its highly-sought core carbon principle (CCP) label, a company representative said on Tuesday.

Large volumes of sovereign carbon credits traded between countries under Article 6.2 of the Paris Agreement are unlikely to be seen until the end of the decade, a panel heard Tuesday.