Feed aggregator

The nascent biodiversity credits market can learn from the work of the World Bank’s rhino bond, according to an expert whose organisation worked on the issuance.

A series of tests awaits the European Union, as the bloc still debates how to respect climate commitments and remain economically ambitious at the same time, with the 27 nations' ministers set to gather in Brussels at the Competition Council on Friday.

Failure to modernise the power grid could lead the EU to miss its climate targets by over 30% and jeopardise energy security, the European electricity industry association has warned.

Snowy 2.0's luckless Florence tunnel boring machine is stopped again, this time after reportedly taking a wrong turn and getting stuck in hard rock.

The post Once too soft, now too hard: Snowy 2.0 tunnelling machine Florence comes to a stop again appeared first on RenewEconomy.

Environmentalists are increasingly sounding the alarm over what they claim are destructive impacts of the global fish farming industry, but government hesitance in imposing stricter regulations is seen as an illustration of the challenge ahead in meeting biodiversity targets.

Five nature reserves will be created each year for next five years to celebrate coronation of King Charles

A temperate rainforest in the Lake District has been declared a national nature reserve in a move that will protect the rare ancient habitat for future generations.

The Borrowdale rainforest is one of the few surviving examples of a “mysterious and untouched” landscape that covers less than 1% of the UK.

Continue reading...

EU carbon allowance prices were modestly firmer at midday on Wednesday as the market tested technical resistance levels after the weekly Commitment of Traders data showed investment funds increased their bearish bets for the first time in six weeks.

Campaign group Business for Nature has accepted its first batch of strategies targeting a nature positive economy by 2030 from corporations based in the UK, France, and Taiwan, six months after launch .

Carbon credit buyers have been few and far between at conferences in recent years, but the Carbon Farming Industry Forum in Cairns this week hosted a record number, and percentage, of attendees on the buy side, demonstrating confidence in the Australian market, attendees told Carbon Pulse.

A Berlin-based carbon tech startup has launched a free voluntary carbon credit insight platform on Thursday, with the aim of making purchases more accessible to all.

A group of investors has partnered to finance a reforestation project in Panama aiming to restore 10,000 hectares of degraded tropical forests and generate over 3 million carbon removal credits.

The No Mow May campaign has persuaded local authorities to protect biodiversity. But bigger changes are needed

This time last year, residents of the council estate where I live in Greenwich were left in tears after local authority contractors mowed down scores of newly planted purple alliums on our shared lawn just days after they’d bloomed. In minutes, one man with a strimmer had reduced the flowers that my neighbours, many of whom do not have private gardens, had grown over months to mere mulch.

Shamefaced, this year the council sought to make amends by sowing a biodiversity meadow near where the alliums had met their fate. The new wildflowers were doing well – on track to compensate for the previous year’s blunder – until, to the consternation of residents, they were yet again mown down by council contractors. Even the local authorities’ own efforts to improve the biodiversity of the borough proved no match for its trigger-happy lawnmower men.

Phineas Harper is a writer and curator

Continue reading...

South Korea should consider more policy arrangements for domestic cities to utilise carbon market mechanisms, such as the creation of a regional carbon trading framework, to drive down emissions from the urban sector, researchers have suggested.

A debate on Tuesday among lead contenders for the post of European Commission President made little room for green considerations, with discussions focusing mostly on defence spending and the need to protect Europe’s interests in the face of China's aggressive economic policies.

The UN-backed Biodiversity Credit Alliance (BCA) on Wednesday released a paper seeking to give a definition of biodiversity credits and associated terms, in an attempt to avoid the market making a false start.

Migratory birds could bring the lethal bird flu variant that is assailing the rest of the world’s birds. Michelle Wille, Senior research fellow, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

One farmer in Lincolnshire told the BBC that a third of his farm could not be planted in time this year.

Market participants are scrambling to submit methods to develop Australian Carbon Credit Units (ACCUs) to the government’s interim process, as Canberra itself is still finalising methods that have been in the works for a long time.

Former PM turned aspiring pumped hydro developer calls for changes to the Capacity Investment Scheme, arguing long duration storage needs a separate category with looser time constraints.

The post Turnbull says CIS won’t work for long duration storage, nuclear support is “religion” for Coalition appeared first on RenewEconomy.

Winter downpours also made 20% wetter and will occur every three years without urgent carbon cuts, experts warn

The seemingly “never-ending” rain last autumn and winter in the UK and Ireland was made 10 times more likely and 20% wetter by human-caused global heating, a study has found.

More than a dozen storms battered the region in quick succession between October and March, which was the second-wettest such period in nearly two centuries of records. The downpour led to severe floods, at least 20 deaths, severe damage to homes and infrastructure, power blackouts, travel cancellations, and heavy losses of crops and livestock.

Continue reading...