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Canada and UK only donor countries to contribute so far, leaving scheme short of $40m to formally launch

Developed countries have been urged to contribute to a new nature fund after it was left undercapitalised by $40m (£32m), receiving money from just two donors.

At the Cop15 biodiversity summit in December, where countries agreed this decade’s biodiversity targets that included aims to protect 30% of Earth, governments agreed to the creation of a fund to help developing countries meet the deal’s aims, which included a target to provide $200bn for nature a year by 2030.

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Sadiq Khan defends expansion of ultra-low emission zone as government continues to criticise it

Clean air is “a right not a privilege”, the mayor of London, Sadiq Khan, has said as the ultra-low emission zone (Ulez) was expanded to include the outer boroughs of London.

People who drive in the zone in a vehicle that does not meet minimum emissions standards are required to pay a £12.50 daily fee or risk a £180 fine, reduced to £90 if paid within 14 days.

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New Zealand needs to make a decision on how it intends to make up the 100-million tonne emissions shortfall to meet its 2030 climate, an analyst told a conference Tuesday, describing it as the elephant not in the room.

Vietnam and Singapore have signed a Letter of Intent (LoI) to operationalise their Article 6 partnership, which would pave the way for activating the trade of correspondingly adjusted carbon credits between the two Southeast Asian nations. 

Look ma, no coal. Transgrid says the race is on to prepare the NSW grid to operate it at times at 100% instantaneous renewables.

The post “High velocity” renewables shift urgently needs bigger and stronger grid, says Transgrid appeared first on RenewEconomy.

South Australia chooses to back its fisheries industries, which are worried about the impact of offshore wind farm construction.

The post South Australia wants out of new offshore wind zone, to protect rock lobsters appeared first on RenewEconomy.

The communities will receive solar systems and batteries, with an expected annual saving of $3 million a year.

The post Queensland spends $28m to get four remote communities off diesel for good appeared first on RenewEconomy.

Malcolm Turnbull warns against fossil fuelled hydrogen proposals - as offshore wind wrestles with rising costs, supply chain issues and permitting.

The post Beware people talking clean hydrogen, they are the ones who brought you clean coal appeared first on RenewEconomy.

Introduced species and diseases can drive native species into smaller environmental niches – and that could mean change to how we work to conserve them. Geoffrey Heard, Research fellow, Australian National University and, The University of Queensland Benjamin Scheele, Research Fellow in Ecology, Australian National University Conrad Hoskin, Senior Lecturer, College of Science & Engineering, James Cook University Jarrod Sopniewski, PhD student, The University of Western Australia Jodi Rowley, Curator, Amphibian & Reptile Conservation Biology, Australian Museum, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Hydrogen offers some genuine opportunities for Australia in the race to decarbonise. We must choose carefully to capitalise on our advantages. 

The post Australia’s national hydrogen strategy needs to separate financial reality from hype appeared first on RenewEconomy.

Swedish teenager Ia Anstoot says group’s ‘unscientific’ opposition to EU nuclear power serves fossil fuel interests

An 18-year-old climate activist has called for Greenpeace to drop its “old-fashioned and unscientific” campaign against nuclear power in the EU.

In April, the environmental campaign group announced it would appeal against the EU Commission’s decision to include nuclear power in its classification system for sustainable finance. This “taxonomy” is designed as a guide for private investors wanting to fund green projects, aiming to boost environmental investment.

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Perth-based researcher who helped pioneer now ubiquitous lithium-ion battery technology is heralding a breakthrough in zinc-air chemistry.

The post Li-ion pioneer makes breakthrough in cheaper, safer “zinc-air” batteries appeared first on RenewEconomy.

Huge solar and battery project near Tamworth is wading through a river of objections, as members of the community and government departments question its environmental impact statement.

The post Tamworth solar and battery project beset by objections from community and government appeared first on RenewEconomy.

A Southeast Asia-focused forestry fund by the world’s second-largest forestry asset manager has received investments from its two main shareholders, the investors announced Tuesday.

Western Australia lands $3 billion from CEFC to fast track grid investment for the tens of gigawatts of wind and solar needed for green energy transition.

The post WA lands $3 billion from CEFC to expand grid and deliver stunning renewable plans appeared first on RenewEconomy.

The storm was captured nearing Cuba and on a path towards Florida where it is expected to make landfall.

The New Zealand government has slashed spending on climate initiatives by some, NZ$236 million ($139 mln), as an International Monetary Fund report has thrown its support behind pricing agricultural emissions.

Offshore wind installations fell sharply in 2022, but the industry confidently predicts a big rebound - with Australia and Asia at the heart of the market.

The post Offshore wind readies for take off in Australia and Asia, despite near term problems appeared first on RenewEconomy.

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RGGI Allowance (RGA) prices inched upwards on weak volume as a combination of speculator interest in the power sector carbon market’s Third Program Review, positioning before next week’s Q3 auction, and weather kept current year prices above the $14 mark.