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Exclusive: Report claims Australia’s shareholdings in development banks has made it responsible for investing $828m in fossil fuel projects over five years

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Australia’s shareholdings in three international banks – including the World Bank – has seen it responsible for investing $828m in fossil fuel projects between 2016 and 2021, according to a research report.

The World Bank, the Asian Development Bank and the Asian Infrastructure Investment Bank have collectively pumped $32.85bn into fossil fuel projects – almost entirely linked to oil and gas production or power generation – over the same period, the report says.

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One of the world’s biggest engineering companies has developed a new propulsion system that mimics the movements of a whale tail, which it says reduces the energy consumption of some vessels by more than a fifth, cutting carbon emissions.

Clean Energy Council says no new wind and solar projects reached financial close in first quarter, as US sucked up investment and put Australian renewable targets at risk.

The post Wind and solar investments come to grinding halt, putting renewable target at risk appeared first on RenewEconomy.

Synergy gets planning approval for its second big battery in Kwinana and starts to promote its even bigger Collie battery to the community of the town built around coal industry.

The post Synergy gets approval for second big battery, starts promoting Collie giant appeared first on RenewEconomy.

We’ve blown past the safe and just limit for vital Earth systems, from climate change to the biosphere and the use of fertilisers and freshwater. For humans to thrive means living in safe limits Steven J Lade, Resilience researcher at Australian National University, Australian National University Ben Stewart-Koster, Senior research fellow, Griffith University Stuart Bunn, Professor, Australian Rivers Institute, Griffith University Syezlin Hasan, Research fellow, Griffith University Xuemei Bai, Distinguished Professor, Australian National University Licensed as Creative Commons – attribution, no derivatives.

The merits of the dingo fence are hotly debated, and there have been calls to pull it down. We need a better understanding of how the mega-structure affects species that live along it. Vera Weisbecker, Associate Professor, Flinders University Corey J. A. Bradshaw, Matthew Flinders Professor of Global Ecology and Models Theme Leader for the ARC Centre of Excellence for Australian Biodiversity and Heritage, Flinders University Frédérik Saltré, Research Fellow in Ecology for the ARC Centre of Excellence for Australian Biodiversity and Heritage, Flinders University Rex Mitchell, Postdoctoral Fellow, Flinders University Licensed as Creative Commons – attribution, no derivatives.

California Low Carbon Fuel Standard (LCFS) prices dipped slightly this week after utility Pacific Gas & Electric (PG&E) announced its largest credit auction yet, while federal data showed financial players made a rare cut in their futures market net length.

The global fishing industry has been fighting against the implementation of marine protected areas (MPAs), but a study of the largest MPA in North America has found that even full protection of the area’s biodiversity did not negatively impact catches.

A Paris-based venture capital firm has been selected to acquire French oil and gas major TotalEnergies’ entire cleantech portfolio.

A veteran North American power and environmental commodities trader will lead trading at a Calgary-based electricity and environment marketer, moving from one of the largest US investment banks. 

The EU and the US advanced their sustainable trade cooperation on Wednesday, launching a work programme and agreeing to find ways to avoid a costly clean tech subsidy race before the 27-nation bloc's mid-2024 elections.

Groundbreaking analysis of safety and justice hopes to inform next generation of sustainability policy

Human activity has pushed the world into the danger zone in seven out of eight newly demarcated indicators of planetary safety and justice, according to a groundbreaking analysis of the Earth’s wellbeing.

Going beyond climate disruption, the report by the Earth Commission group of scientists presents disturbing evidence that our planet faces growing crises of water availability, nutrient loading, ecosystem maintenance and aerosol pollution. These pose threats to the stability of life-support systems and worsen social equality.

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A Canadian-based voluntary carbon credit aggregator has replaced its CEO amid a leadership reshuffle, while parting ways with a handful of senior staff to cut costs.

Exclusive: Labor facing calls from 15 crossbenchers, as well as party insiders, to transition to plantation timber as part of reform to environmental laws

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A group of 15 crossbench MPs and senators has written to the federal environment minister calling on the Albanese government to end native forest logging, as pressure also grows within Labor for it to do so.

All seven teal independents, including Monique Ryan and Allegra Spender, the Greens, MP Andrew Wilkie and influential crossbench senator David Pocock have all called on Tanya Plibersek to end native forest logging in New South Wales and Tasmania as part of upcoming environmental law reform.

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A large aircraft manufacturer has entered into an agreement with a US startup to purchase 62,000 tonnes of ocean-based carbon removals as well as also source from the firm 2,100 tonnes of "carbon negative" hydrogen, the companies announced Wednesday.

A platform was launched on Wednesday to help verify and track Scope 3 GHG reductions, aiming to make it easier for companies to make claims related to their projects or other interventions that help clean up their value chain emissions.

We partner with providers of the highest quality carbon removals, and we don’t stop there; developing carbon markets creates an unprecedented opportunity for the creation of innovation, value, equity, and jobs across the world. We believe the supply side of carbon removals is the biggest opportunity for our business and for the world.

Malaysia’s national oil company Petronas on Wednesday signed a Memorandum of Understanding (MoU) with a government-owned forest fund to develop nature-based projects in order to help meet its target of reaching net zero emissions by mid-century.

A London-based fintech startup focused on sustainable investing has shut down after failing to secure further funding.

A carbon credit rating agency is taking a more active role in the design of projects to help the activities achieve a good ratings grade in a pilot scheme with a new registry.