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ActionAid says ‘parasitic behaviour’ is fuelling the climate crisis and represents ‘corporate capture’ of public finance

More than $650bn (£494bn) a year in public subsidies goes to fossil fuel companies, intensive agriculture and other harmful industries in the developing world, new data has shown.

The subsidies entrench high greenhouse gas emissions and are fuelling the destruction of the natural world, according to a report from the charity ActionAid.

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A blistering unpublished submission to the Chubb review on Australia's carbon market that was run by local media Wednesday has decried what it said was a “self-congratulatory, inward looking, anti-competitive” industry.

Level of potential renewables, including curtailed wind and solar, hits new record as two big batteries flex their muscles for the first time and set new charging and discharging peaks.

The post Potential renewables hits record 102.5 pct of grid demand in sign of the future appeared first on RenewEconomy.

California regulator reiterated their commitment to release a 45-day package for the cap-and-trade rulemaking “in weeks” at a conference on Tuesday.

Singapore-backed solar and battery project in Queensland approved by federal government after highlighting "conservoltaics", improving the land and water quality.

The post Going greener: Big PV and battery project gets federal tick after pushing “conservoltaic” benefits appeared first on RenewEconomy.

Australian-based renewables giant fears for its future after a company it accuses of having a poor environmental reputation launches a bid for its parent.

The post Australian-based renewables and storage major fights unwelcome bid from “serial polluter” appeared first on RenewEconomy.

The Moon appeared brighter and bigger as it reached its closest point in its orbit around the Earth.

The US Internal Revenue Service (IRS) should refine carbon scoring systems related to the various clean energy tax credits within the Inflation Reduction Act (IRA) as the agency continues hammering out guidelines for its implementation, a panellist said during a Tuesday conference.

The charity is calling on the government to ban pesticides that can harm butterflies and bees.

A steel giant will work with a space tech entrepreneur on technology to produce iron from Aussie ores without adding to greenhouse gas emissions.

The post BlueScope venture fund taps “wild idea” for production of green iron appeared first on RenewEconomy.

Queensland government awards three major funding packages to state-based companies for works on the huge Borumba Pumped Hydro Project.

The post Queensland tips $190m into works for massive pumped hydro project appeared first on RenewEconomy.

Pennsylvania's Republican-majority Senate voted along party lines Tuesday to repeal the state's RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.

A Canadian company will invest almost $1.4 billion into a US Gulf Coast renewable biofuels production facility, which will include capacity for carbon capture and sequestration (CCS) and ability to generate voluntary carbon offsets, it announced Tuesday.

Despite facing a catastrophic combination of challenges, there is optimism in the African country.

Exclusive: analysis finds $800bn increase in direct support for activities including deforestation and fossil fuel use

The world is spending at least $2.6tn (£2tn) a year on subsidies that drive global heating and destroy nature, according to new analysis.

Governments continue to provide billions of dollars in tax breaks, subsidies and other spending that directly work against the goals of the 2015 Paris climate agreement and the 2022 Kunming-Montreal agreement to halt biodiversity loss, the research from the organisation Earth Track found, with countries providing direct support for deforestation, water pollution and fossil fuel consumption.

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Thinktank says funding from oil and gas firms is attempt to ‘divert attention from their role in fuelling the climate crisis’

Fossil fuel companies pumped at least $5.6bn (£4.2bn) of sponsorship money into motorsports, football, golf and even snow sports in an effort to “buy social licence to operate”, according to a new report.

Almost no major spectator sport remains untouched by oil and gas money, according to research carried out by the New Weather Institute (NWI), a climate thinktank, which traced more than 200 sponsorship deals between sports teams and the industry.

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The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.

Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.

EU climate policy, particularly the Emissions Trading System (ETS), has not yet triggered significant relocations of energy-intensive production abroad by German firms, according to a new report by the country’s monetary authority.

Ecuador’s National Assembly voted 117-20 on Tuesday to legalise carbon markets, some 16 years after constitutional reforms had widely been interpreted as a total ban, sending the legislation to the president for final approval.