Feed aggregator

The World Bank on Tuesday announced it has partnered with a private Vietnamese company to issue upfront capital for a water purifier initiative funded through the sale of carbon credits.

A Texas-headquartered company on Wednesday announced it has gained $4 million in seed funding to scale up carbon removals from belowground fungal biodiversity restoration to the tune of 3 billion tonnes by 2050.

California Low Carbon Fuel Standard (LCFS) values increased slightly from 5.5-year lows this week as traders pointed to a forthcoming workshop that may provide more details on ratcheting up the transportation sector programme’s environmental ambition.

US biofuel credit (RIN) prices rebounded from two-month lows after the past week, which traders attributed to refiners stepping back in after selling down the market.

Carbon market analysts on Wednesday pointed to the strong likelihood that South America will significantly increase its REDD+ carbon credit issuance in the coming months and years, with jurisdictional-level methodologies quickly increasing in prominence.

From pine trees to camphor laurel and even the Cootamundra wattle, trees can be weeds too. Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

A carbon removals marketplace is spearheading a campaign to urge the Net Zero Asset Owners Alliance (NZAO) to reverse its recent decision to exclude their members use of carbon removals for their own sub-portfolio or sector climate targets before 2030.

The European Commission is due to present three new legislative proposals for its energy and industrial policy next month, EU sources said on Wednesday as lawmakers struggled to unite on how the bloc should best support its industries to decarbonise. 

Funding for the EV charging network comes from the infrastructure bill that allocates $7.5bn to the expansion

The White House is partnering with Tesla to expand electric vehicle charging infrastructure in the US, with the company opening at least 7,500 of its chargers to all electric vehicles (EVs) by the end of 2024, the White House announced Wednesday.

Tesla charging stations currently use a certain power connector that require non-Tesla EV to use an adapter. The White House said that Tesla will work to include at least 3,500 new and existing 250 kW superchargers along highways and level 2 destination chargers at locations like hotels and restaurants across the country. Tesla is also planning to double its network of Superchargers.

Continue reading...

French nuclear energy giant EDF buys massive floating offshore wind project in Australia that it plans to build in stages.

The post French nuclear giant EDF buys massive Australian floating offshore wind project appeared first on RenewEconomy.

The Swedish Energy Agency has proposed that state-supported removals credits from bioenergy carbon capture and storage (bio-CCS) projects could be sold onto the voluntary carbon market (VCM), with the units counted towards achieving Sweden's national climate goals.

Swedish furniture firm Ikea said on Wednesday that its value chain emissions fell 5% in 2022 year-on-year due to renewable energy use, reiterating that its wider 2030 climate goals will not be achieved by purchasing carbon offsets.

A US-based start-up is on a mission to help governments make it profitable to implement and enforce Marine Protected Areas (MPAs) by setting up an open-access analytics platform that among other things can form the basis for issuing biodiversity and blue carbon credits.

Returning hydro and nuclear generation is expected to help push EU ETS-covered emissions levels lower in 2023, despite a strengthening macroeconomic picture and low expectations of a resumption of coal-to-gas fuel switching.

EUA prices were little changed at midday on Wednesday despite early volatility, as traders described a market lacking direction and liquidity even after lawmakers have completed their work on ETS reforms and the REPowerEU initiative, while energy prices gained amid forecasts for lower temperatures. 

Research by Global Canopy also finds many companies are not monitoring set commitments

A third of the companies most linked to the destruction of tropical rainforests have not set a single policy on deforestation, a report reveals.

Research by Global Canopy has found that 31% of the companies with the greatest influence on tropical deforestation risk through their supply chains do not have a single deforestation commitment for any of the commodities to which they are exposed.

Continue reading...

The PM sent ‘thoughts and hearts’ to the nine-year-old’s family, but his environment secretary refused to back clean air targets

Ella Roberta Adoo-Kissi-Debrah was a remarkable child. Energetic, joyful, active – she loved playing sport, reading books and making music. But living close to the South Circular Road in Lewisham, south London, from the age of seven she began to develop a chest infection and persistent cough. A happy, healthy child was disabled by chronic asthma.

As her condition deteriorated, she suffered seizures and breathing problems, and was shifted from hospital to hospital. Ella died aged nine, in the early hours of 15 February 2013 – 10 years ago today.

Continue reading...

The Science Based Targets Network (SBTN) has published the first draft land targets, intended to help corporations align their commitments and actions with the necessary speed and scale to halt and reverse global nature loss.

Bundeena residents spotted snake slithering on their balcony before calling firefighters

A two-metre diamond python has been removed from a home in Sydney’s south after the homeowners spotted the serpent on their balcony.

The Bundeena residents had suspected something was wrong when they noticed their local ringtail possums were not around.

Continue reading...

The snake was eventually removed from the front garden of a home in Sydney's south by local firefighters after it was spotted slithering on a balcony. The Bundeena residents had suspected something was wrong when they noticed their local ringtail possums were not around. 'We used to have ringies in the roof, but something's been flushing them out,' one said

Continue reading...