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Carbon Brief says more than £800m will need to be spent in each of the next two years

The UK government has been failing to meet its commitments to fund nature protection in the developing world, and will need to double current spending to meet the targets, new data has shown.

Underspending on overseas climate aid by the previous Conservative government has meant spending averaged £450m a year for the three full years since 2021 – less than half the £3bn that was pledged for nature projects in poor countries.

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The electricity workforce will need to double in five years to achieve Australia’s 2030 renewable energy target. Jobs in energy storage alone will overtake domestic coal and gas jobs.

The post Energy storage jobs will soon overtake those in coal and gas appeared first on RenewEconomy.

Alinta and Parkwind awarded first feasibility licence in Southern Ocean offshore wind zone for 1.2 GW project that could help power the local smelter.

The post Alinta, Parkwind snag first offshore wind licence in Southern Ocean zone that could power smelter appeared first on RenewEconomy.

Māori used all parts of raupō for weaving and food, but the plant also kept lakes healthy. This connection between cultural and ecological roles means its fate is closely linked with people. Rewi Newnham, Professor in Physical Geography, Te Herenga Waka — Victoria University of Wellington Licensed as Creative Commons – attribution, no derivatives.

More than 200 farms are inspected amid concerns an animal welfare certification scheme is failing.

Efforts to decarbonise the world economy are falling dangerously behind as the required rate of decarbonisation has surged to 20.4% annually to limit global warming to 1.5 C, according to a global consultancy.

The US Commodities Futures Trading Commission (CFTC) sought to embed some of the private sector's principles and standardisation for the voluntary carbon market (VCM) into its newly released guidance for trading carbon credit derivative contracts, the commission's chair said in New York on Wednesday.

A bipartisan pair of US senators introduced legislation Wednesday to make mine methane capture efforts eligible under 45Q tax credits for carbon capture and storage (CCS).

Andrew Forrest unveils detailed plans to eliminate gas and diesel at his giant iron ore operations by 2030. "When will companies stop burning fossil fuels," he said.

The post “Net zero is a con:” Forrest outlines how Fortescue mines will eliminate fossil fuels by end of decade appeared first on RenewEconomy.

After years of negotiations, a key climate fund for developing nations is poised to become a reality during the upcoming COP29 summit in November, but looming technical and political decisions will determine the fund’s ultimate scope, participants said at a panel event Wednesday.

Early players in the biodiversity market disagree over the role of additionality, with some saying it should be "dead and buried", while others see it as a fundamental principle to attract funding.

California regulator ARB’s issuance of compliance-eligible offsets once again fell below the previous two-week period, extending the ongoing trend of lower issuances relative to the year-to-date (YTD) total in 2023, agency data released Wednesday showed.

The Secretariat of the ART carbon credit standard has accepted a concept note for an Indigenous Jurisdictional REDD (J-REDD) programme from Peru’s environment ministry at a ceremony during Climate Week NYC on Wednesday.

Market administrator WCI Inc. will serve as the registry, auction, and financial services platform for the upcoming New York cap-and-invest (NYCI) programme, regulators announced Wednesday during Climate Week NYC.

The top EU and US climate negotiators both signalled their strong desire to finalise negotiations on Article 6 at the UN climate talks in Azerbaijan this year, they said at Climate Week NYC on Wednesday.

Experts told the US Coast Guard on Wednesday there were safety problems with Titan's hull.

Rapidly falling costs of solar and batteries have underpinned record investment in renewables, but the pace of investment is still short of the COP28 target of tripling global capacity by 2030.

The post Falling solar and battery costs drive record renewable investment, but pace still short of COP28 target appeared first on RenewEconomy.

Leading electricity network is looking at a sun tax and "solar soak" tariffs as it prepares for a surge in the uptake of EVs, electrification of homes and roller-coaster demand.

The post “Not business-as-usual:” Network mulls sun tax and “solar soaks” to cope with EVs and electric homes appeared first on RenewEconomy.

Two companies have so far made claims for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative's code for offset use - but more are expected in the coming months, and even more once the new Scope 3 claim is finalised, the initiative's executive director told Carbon Pulse on Wednesday.

Work has begun on a 364 metre "high altitude" wind turbine, using a four-legged lattice structure to tap into higher wind speeds.

The post Construction begins on world’s tallest wind turbine in German lignite region appeared first on RenewEconomy.