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A San Francisco-based technology start-up announced on Tuesday the first round of venture capital investment that will fund its direct air capture (DAC) commercial pilot project, along with a multi-year university endowment agreement.

Apple announced on Tuesday that it intends to double its commitment to nature-based carbon removal projects, eyeing the resulting credits for use towards its own Scope 3 carbon neutral 2030 goal.

Auction volumes offered at RGGI’s Q2 auction will increase slightly after dropping for the previous two quarters, the power sector cap-and-trade scheme’s notice showed Tuesday.

Switzerland recorded a rise in greenhouse gas (GHG) emissions in 2021 of 1.3 million tonnes compared to 2020, the country’s government announced in a release on Tuesday, meaning the country failed to hit its target of reducing emissions by 1.5% a year compared to 1990 levels.

The mandatory housing order for England and Wales will lift on April 18

This is an excellent opportunity to work with a pioneering, versatile and dynamic team that is committed to make an impact.  

A climate financier has teamed up with a US project developer on two international sustainable farming carbon removal projects, the companies said in a press release on Tuesday.

Investors say government should keep out of ownership of mature technologies, but assistance welcomed for new tech like storage, hydrogen and offshore wind.

The post Investors urge government to let private capital do its work on clean energy transition appeared first on RenewEconomy.

Finnish pension fund Ilmarinen has made a significant investment in the Xtrackers MSCI USA Climate Action Equity ETF, the largest exchange-traded fund (ETF) launched in the US.

A technology firm has announced a tool to help clients scale their climate ambitions within their own value chains, noting that the tailored marketplace has already resulted in noteworthy demand for carbon credits from a three-month test phase.

Another voluntary carbon firm has made big staffing cuts, laying off nearly 40% of its workforce amid a slowing market.

European carbon prices rose for a third day in thin trading amid the holiday season, while the daily auction cleared at a sixth consecutive premium to the spot market as the end-April compliance deadline approached.

A major international organisation in a decarbonisation push has launched a tender to purchase batches of various types of carbon offset and other environmental credits.

The African Guarantee Fund (AGF) and the Clean Cooking Alliance (CCA) on Tuesday announced a strategic partnership that they said will aims to promote financial innovation, increase access to carbon finance, and expand investments in clean cooking companies and programmes on the continent.

Global miner Rio Tinto has tapped an Australian energy major to hire a senior carbon originator, as the company works to increase its engagement with the carbon offset market.

Ørsted signs deal to carry out a detailed assessment of combining offshore wind farms with liquid air energy storage.

The post Offshore wind giant Ørsted turns to liquid air energy storage appeared first on RenewEconomy.

Campaigners say potential energy plan would leave consumers bearing cost of building hydrogen economy

Blending hydrogen into the UK’s gas heating systems could raise consumer bills by almost £200 for an average household, analysis suggests.

The blending of natural gas with about 20% hydrogen, for use in home heating systems, is one of the key recommendations by the government’s hydrogen champion, Jane Toogood, in a report to ministers on how to produce and use hydrogen in the UK.

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The climate crisis can seem overwhelming, but there are radical, pragmatic solutions – and they all begin with an idea

Is there any hope? Are we all doomed? I write books about the climate crisis, so I am often asked fearful questions like these. But I’m being asked them more and more often and by younger people, an alarming trend not unconnected to the number of scientific reports detailing how humans are pushing the Earth’s systems to dangerous extremes.

I write about planetary-scale ecosystem destruction but, importantly, I also focus on our species’ extraordinary capacity to adapt; this has been key to our success in the past – and it is key to surviving our future. There are radical, yet pragmatic, solutions to our crises. But fear of what will happen if we don’t act is imprisoning people in a mindset that makes alternatives seem unthinkable. I am frequently told my solutions are unrealistic and will never happen; that people would rather fight each other in wars than adapt to share food and land, for instance. We make our own future, even if it’s hard to see the process. So let me try to make the case for hope.

Gaia Vince is an author, journalist and broadcaster. Her latest book is Nomad Century: How To Survive The Climate Upheaval

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Thailand plans to introduce a carbon tax covering three key sectors to help meet the Southeast Asian economy’s net zero goals, although details on when it will be implemented are yet to be determined, according to local media reports.

Australian Carbon Credit Unit (ACCUs) issuance has climbed upwards, thanks to nearly 200,000 units being awarded to just one project, while an Australian hydrogen company has signed an agreement with two major Japanese firms to build a facility using its novel technology in the country.