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An Australian resources company is closer to getting its Papua New Guinea REDD+ project back on track after a local court revoked its permit cancellations.

Growth of utility-scale solar in New Zealand receives much-needed boost after financial close reached on what will be the country’s largest solar farm to date.

The post FRV and Genesis secures finance for largest solar farm in New Zealand appeared first on RenewEconomy.

The Pacific Island nation of Palau has ratified the UN’s Biodiversity Beyond National Jurisdictions (BBNJ) treaty, sparking optimism that sufficient momentum can build for the treaty to enter into force, making it possible for the global community to protect vast tracts of the world’s oceans.

A daily summary of our news plus bite-sized updates from around the world.

An Indian impact investment firm has announced plans to launch an offset fund worth at least $150 million dedicated to carbon sequestration through tree-planting.

Our super funds say they want to invest more in the net zero transition but that regulation blocks them. It’s time to put them to the test, and turn their piles of money toward a greener future. Arjuna Dibley, Head of Sustainable Finance Hub, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

A Republican lawmaker in Indiana earlier this month proposed legislation mandating carbon dioxide sequestration projects, which transport CO2 across counties, to obtain approvals from authorities in the destination county.

Queensland smashes demand record in heatwave, as energy minister hails the role of solar - even as it ate into the coal industry's lunch-bag.

The post Queensland smashes demand records in heatwave, and solar eats coal’s lunch again appeared first on RenewEconomy.

EnergyAustralia plans massive four-hour battery in wind and solar dominated South Australia, to be built next to an existing gas fired power station.

The post EnergyAustralia plans to build massive four hour battery in South Australia appeared first on RenewEconomy.

California Low Carbon Fuel Standard (LCFS) credit values saw a brief dip below $60 in recent days as the market awaits an update to programme rulemaking, while Washington Clean Fuel Standard (WCFS) credit values saw a much more dramatic decline.

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Vestas says it will now offer a wind turbine tower made from low-emission steel, “significantly” reducing the lifetime carbon dioxide emissions during production.

The post Vestas rolls out wind turbine towers made from low-emission steel appeared first on RenewEconomy.

Solar farms can play a significant role in restoring insect habitats that could mitigate ongoing conflicts over farming land use change.

The post Solar farms and native grasses create pollinator havens and boost biodiversity, study funds appeared first on RenewEconomy.

Creative ideas are needed if big transmission is delayed or not built. That includes demand management, efficiency, and mobile batteries, including those mounted on trucks and trains.

The post We need creative ideas, and mobile storage, in case “big transmission” is delayed appeared first on RenewEconomy.

RGGI allowances (RGAs) bounced back over the week, notching an all-time record settlement and high volumes late in the week, with market participants telling Carbon Pulse that a general sense of bullishness persisted in light of the ongoing Third Program Review and other structural factors of the scheme.

Democratic legislators in Virginia introduced budget language to return the state to the Regional Greenhouse Gas Initiative (RGGI) after its departure from the carbon market beginning this year.

A US-based carbon ratings agency has said that several ACR and Verra-certified projects have been over-credited, with one of the two ACR improved forest management (IFM) initiatives registered under the California regulator ARB protocol scoring the lowest possible rating due to severe boundary manipulation.

The US state’s market-based GHG reduction programme is no longer in effect and will pursue new rulemaking following a December opinion decision by the Oregon Court of Appeals, government officials confirmed Monday.

Former Cop26 president criticises the government’s push to ‘max out’ the North Sea

Alok Sharma has said the government’s oil and gas bill going through the Commons will not cut household energy costs or create jobs and instead will break the UK’s promise to phase out fossil fuels.

During a debate on the offshore petroleum licensing bill, which would place the North Sea Transition Authority under a duty to run annual applications for new offshore oil and gas licences, the former Cop26 president criticised the government’s push to “max out” the North Sea. MPs vote on the bill’s second reading on Monday night.

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Without urgent action, Earth is heading for climate catastrophe. Yet there are reasons for hope in 2024 – including a possible peak in global greenhouse gas emissions. Wesley Morgan, Research Fellow, Griffith Asia Institute, Griffith University Licensed as Creative Commons – attribution, no derivatives.