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A global carbon fund has launched a new round of capital raising, seeking to raise $20 million by the end of the month as part of a broader effort to secure $200 million by mid-2024, it announced Tuesday.

Renters with nowhere to go. Home owners forced into mortgage stress. If our homes are damaged by floods or fires, it damages our health for years afterwards Ang Li, Research Fellow, NHMRC Centre of Research Excellence in Healthy Housing, Centre for Health Policy, Melbourne School of Population and Global Health, The University of Melbourne Mathew Toll, Research Associate, NHMRC Centre of Research Excellence in Healthy Housing, Centre for Health Policy, Melbourne School of Population and Global Health, The University of Melbourne Rebecca Bentley, Professor of Social Epidemiology and Director of the Centre of Research Excellence in Healthy Housing at the Melbourne School of Population and Global Health, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Researchers have proposed a solution for financing climate change mitigation by assigning financial responsibilities to nations based “rigorous ethical criteria”, and have calculated that through this approach the Global North would owe the Global South around $170 trillion.

Global asset managers are largely failing to align portfolios to net-zero pathways and are also mostly ignoring biodiversity risks, according to a report published Sunday that relied on a comprehensive sample of global data.   

Octopus adds big solar and battery project to its existing wind farm in Queensland.

The post Octopus to add huge solar and battery storage project to Queensland wind farm appeared first on RenewEconomy.

The Q2 RGGI auction this week will come in below the secondary market despite expectations of a declining permit surplus and warmer weather, as California Carbon Allowance (CCAs) and Washington Carbon Allowances (WCAs) will experience longer-term price growth but near-term stability, according to a recent analyst report.

The cost of direct air capture (DAC) needs to come down over the 27 years through 2050 by at least the same rate that solar PV did over the past 40 years to ensure the carbon removal technology emerges as an effective climate solution, consultants said in a report published on Monday.

The ACMI director role is being recruited by the Global Energy Alliance for People and Planet (GEAPP) to support the development of ACMI. The role will report to the ACMI sponsor organisations - GEAPP, The Rockefeller Foundation, and Sustainable Energy for ALL (SEforALL) – with significant engagement with our close partners within the UN Economic Commission for Africa and UN Climate Champions.

Woylies bred in wildlife havens were smaller and less flighty than their counterparts in the wild. This could jeopardise the success of repopulation programs. Natasha Harrison, PhD Candidate, The University of Western Australia Adrian Wayne, Adjunct Senior Research Fellow, The University of Western Australia Jaana Dielenberg, University Fellow, Charles Darwin University Nicola Mitchell, Associate Professor in Conservation Physiology, The University of Western Australia Licensed as Creative Commons – attribution, no derivatives.

New research about underground fungal filaments suggests these networks store a vast amount of carbon. All the more reason to preserve them. Adam Frew, Lecturer and ARC DECRA Fellow, Western Sydney University Carlos Aguilar-Trigueros, Postdoctoral fellow, Western Sydney University Jeff Powell, Professor and ARC Future Fellow, Western Sydney University Natascha Weinberger, Postdoctoral Research Fellow, Western Sydney University Licensed as Creative Commons – attribution, no derivatives.

RGGI Allowance (RGA) values ticked down from five-month highs in muted activity over the last five days as traders looked towards this week's Q2 allowance sale.

The Virginia State Corporation Commission (SCC) should adjust down the total cost for a Dominion Energy subsidiary to purchase tens of millions of RGGI Allowances (RGAs) before the jurisdiction leaves the power sector carbon market at year-end, a hearing examiner wrote last week.

US biofuel credit (RIN) values sagged to levels not seen in over a year on Monday as traders pointed to the impending finalisation of multi-year Renewable Fuel Standard (RFS) quotas and a continued influx of renewable diesel production.

Bureaucrats this week will continue a global stocktake of progress made on climate action under the UN Paris Agreement, but some observers say that the process needs to promote concrete solutions, rather than simply pointing out current failures.

Carbon credit prices continued to soften over the past week amid dipping demand and a growing surplus weighing on the voluntary market.

One year after Bruno Pereira and Dom Phillips were killed in the Amazon, their work explaining what is happening there goes on

The decision by Brazilian police to charge two more men with the murders of Bruno Pereira and Dom Phillips, in the Javari valley region of the Amazon, brings the possibility of justice one step closer. To the three fishers already in custody for the shootings, which took place one year ago, have been added the alleged leader of a transnational illegal fishing network, Ruben Dario da Silva Villar, nicknamed Colombia (where he also has citizenship). A fourth fisher, Jânio Freitas de Souza, is alleged to have been one of Silva Villar’s henchmen on the Itaquaí river, where the killings took place.

For friends and supporters of the two men’s work defending the Amazon and its Indigenous inhabitants, the investigation’s progress offers some relief. If such acts of violence go unpunished, criminal organisations that wield power in the Amazon will be further emboldened in their use. But even if convictions are secured, this will be the exception and not the rule when it comes to attacks on environmental defenders – defined by the United Nations as people who strive to protect human rights relating to nature.

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Proposed compensation would be paid to developing countries that must transition away from fossil fuels

Rich industrialised countries responsible for excessive levels of greenhouse gas emissions could be liable to pay $170tn in climate reparations by 2050 to ensure targets to curtail climate breakdown are met, a new study calculates.

The proposed compensation, which amounts to almost $6tn annually, would be paid to historically low-polluting developing countries that must transition away from fossil fuels despite not having yet used their “fair share” of the global carbon budget, according to the analysis published in the journal Nature Sustainability.

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The UN body helping to shape which projects are eligible under the Paris Agreement's carbon credit mechanism has launched a consultation on the role of removals, with members planning further work to agree on technical elements relating to permanence, storage, and the classification of activities.

The German government will this week launch a multi-billion euro Carbon Contracts for Difference (CCfD) programme to help the nation's EU ETS-covered heavy industries decarbonise their operations, the minister of economy and climate Robert Habeck announced on Monday.

Simon Stiell tells conference in Bonn the world is at ‘tipping point’ and must fight together for common good

The world is at a “tipping point” in the climate crisis that requires all countries to put aside their national interests to fight for the common good, the UN’s top climate official has warned.

Simon Stiell, the executive secretary of the UN Framework Convention on Climate Change, pointed to recent findings from scientists that temperatures were likely to exceed the threshold of 1.5C above pre-industrial levels within the next five years.

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