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AGL says "world is changing" but even after closure of Liddell on Friday it will remain Australia's biggest carbon polluter despite pledge on batteries and green hydrogen.

The post “World is changing:” AGL to replace Liddell with battery, hydrogen, wind and solar appeared first on RenewEconomy.

Record wind and solar generation helped loosen the vice like grip of fossil fuels over the grid and send prices down and emissions to new lows.

The post Record wind and solar deliver lower prices, loosen coal and gas dominance over grid appeared first on RenewEconomy.

The World Economic Forum has published a paper this week that looks at the key trends and obstacles ahead for integrating blockchain-based solutions into climate action, focusing on the current information gap, reputational challenges, as well as the growing recognition around the uses of new Web3 technologies to help meet targets.

EUAs snapped their six-day losing streak on Thursday morning as prices extended gains made late in the previous session amid a strong auction and the prospect of thinner supply in the coming weeks.

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The implementation of the EU's carbon border tax would likely speed up the construction of China's national carbon market, bringing aluminium, cement, and steel sectors into the ETS within a couple of years, analysts said Thursday.

Judge says pollution ‘will no longer be tolerated’ after investigation found significant environmental harm

South West Water has been fined £2.15m for illegally dumping sewage into rivers and the sea in Devon and Cornwall, causing significant environmental harm.

Failures by the company between July 2016 and August 2020 led to harmful sewage discharges being dumped by treatment works at Lostwithiel, Kilmington, Crediton and Torpoint, as well as the Watergate Bay sewage pumping station.

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Droughts, fires, floods, heatwaves – they’re all contributing to our supply-chain problems and brutal inflation

Families around the world are struggling with higher grocery costs and electricity and heating bills. What they may not realize is that rising inflation is increasingly driven by another global crisis: climate change.

Last year, the United States incurred over $2bn in costs due to 20 climate-related extreme weather events, from Hurricane Ian to heatwaves and drought. Lumber, cotton, tomatoes, wheat, and energy – and the products they generate, from denim jeans to your Italian takeout dinner – were all affected by these events and are now more expensive than this time last year. Climate-driven extreme weather and disasters are now more frequently responsible for production shortages, supply chain disruptions, and labor issues that lead to higher costs of living.

Suzi Kerr is the chief economist of the Environmental Defense Fund

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Research shows Britain lagging behind at crucial time as US and EU pursue green growth hastened by Ukraine invasion

Investment in clean energy and the low-carbon economy fell sharply in the UK last year, even as rival nations were increasing their firepower in the global green race, data shows.

The UK’s investment in the energy transition fell by 10%, from $31bn to $28bn, from 2021 to 2022, while similar investment in the US rose by about 24% to $141bn, and in Germany by 17% to $55bn.

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UN Secretary-General Antonio Guterres has backed calls for urgent action to transform the global financial system in a bid to ease the deepening debt distress while putting poor nations in a better position to handle critical issues such as climate change and nature loss.

The 21-year-old Iraqi, who lived by a smoke-choked oilfield, died of cancer before he got to address the fossil fuel giant’s shareholders. His message must be heard

Ali Hussein Jaloud, a 21-year-old Iraqi who lives next to one of BP’s biggest oilfields, was meant to ask a question at the company’s annual shareholder meeting today. He was going to challenge the CEO on why his company continues to poison his neighbourhood with cancer-causing pollution. But, just a few days ago, Ali died of a form of leukaemia that has been linked to chemicals released by the burning of fossil fuels. His grieving father will ask why BP did not use its vast profits to help save his life.

Over the past two years, my fellow investigator Owen Pinnell and I got to know Ali while making a documentary for BBC News Arabic, Under Poisoned Skies, which revealed the deadly impact of gas flaring in southern Iraq, including at BP’s Rumaila oilfield where Ali lives, surrounded by oil company-patrolled checkpoints. We also found out that Rumaila has more gas flaring than any other oilfield in the world.

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Less food is falling to dimly lit waters, home to specially adapted marine life – but emissions cuts would stem decline

Life in the ocean’s twilight zone is expected to face dramatic declines and even extinction as seas warm and less food reaches the dimly lit waters, a study has found.

The twilight zone lies between 200 metres and 1,000 metres below the surface and is home to a variety of organisms and animals, including specially adapted fish such as lantern sharks and kite fin sharks, which have huge eyes and glowing, bio-luminescent skin.

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A climate policy steel group with members across the industry’s entire supply chain has released a draft global standard to measure and report emissions from steelmaking, it was announced.

China's Guangdong province has released a set of draft work guidelines for bank loans using carbon emissions allowances as collateral, as a starting point to explore the broader potential of carbon finance.

Singapore and Cambodia have signed a memorandum of understanding to develop a framework by the year’s end to allow the trading of correspondingly adjusted Article 6 carbon credits under the Paris Agreement as a way to help the two countries meet their NDCs.

The public and private sectors along with financial institutions and NGOs must coordinate efforts to enable implementation and investment in nature-based solutions to help stave off the threat of global water shortage, according to analysts.

A German over-the-counter energy trading platform on Thursday launched an EU ETS allowance marketplace for industrial firms that do not have direct access to exchanges or daily auctions.

There’s more to sustainability than net zero. Using green ammonia for fuel and as a way to transport hydrogen could add to nitrogen pollution that already exceeds safe planetary boundaries. Jamin Wood, PhD Candidate, Australian Centre for Water and Environmental Biotechnology, The University of Queensland Bernardino Virdis, Senior Researcher, Australian Centre for Water and Environmental Biotechnology, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

The spot NZU price fell by NZ$2.50, or 4.1%, on Thursday following the Climate Change Commission recommending a major overhaul of the ETS to align it with the country’s emission reduction goals.

Climate models are indicating Australia may be hit by a 'super El Niño' before the end of the year. After three years of La Niña and above-average rainfall, Australia is now looking at a hot, dry El Niño period. The last extreme El Niño in 2016 helped push global temperatures to the highest on record, underpinned by human-caused global heating that sparked floods, droughts and disease outbreaks. But what exactly is an El Niño and how do they work? Matilda Boseley explains

• Climate models warn of possible ‘super El Niño’ before end of year

• The next El Niño: when is it coming and how strong might this one be for Australia?

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