Feed aggregator

Uzbekistan has received a $46.25 million grant from the World Bank for its Innovative Carbon Resource Application for Energy Transition Project (iCRAFT), in an effort to decrease the greenhouse gas emissions and promote energy efficiency in the Central Asian country and help it access international carbon markets.

Crew shortages meant 39 engines were not available to fight London's wildfires last July, a review finds.

European carbon prices continued to trade in a narrow band between key technical levels early on Monday as the market awaited new direction amid the onset of summer, while energy markets were weaker as demand appeared to slacken.

Governments are drastically slashing carbon credit issuance rates from their own cookstove projects and helping craft a new global framework to tackle integrity concerns, moves that could point to an overhaul of a hefty chunk of the voluntary carbon market.

Bird flu suspected as cause of death of vulnerable migratory birds at Long Nanny, the biggest UK breeding colony

National Trust rangers have described their “heartbreak and worry” after recovering more than 600 dead chicks at Britain’s largest mainland colony of Arctic terns.

The trust said on Monday that Long Nanny, on the coast of Northumberland, had been hit by a suspected outbreak of avian flu during the peak of the breeding season.

Continue reading...

A nature consultancy has published a paper outlining how businesses should enact transformative change to become 'nature positive', proposing a practical framework to help firms understand how to implement biodiversity-friendly measures.

SK Energy, a subsidiary of South Korea's largest energy company SK Innovation, has received government-certified carbon credits with an offset project that cuts emissions by improving energy efficiency during asphalt production.

Climate Change Committee recommends leaving energy charter treaty, which critics say is ‘weaponised’ by fossil fuel firms

The UK should quit a controversial energy treaty to stop it delaying vital climate action and triggering huge taxpayer payouts to fossil fuel companies, according to the government’s official advisers.

The energy charter treaty (ECT) is a system of secret courts that enables companies to sue governments over policies that would cut their future profits. Companies have sued over phasing out coal-fired power stations, ending offshore oil drilling and banning fracking. The UK’s Climate Change Committee said Britain should withdraw from the ECT because recently proposed reforms did not go far enough.

Continue reading...

A New Zealand carbon forestry service company says it has already developed a biodiversity credit financing instrument which could be used in the government’s proposed market-based scheme to restore nature.

Copenhagen Infrastructure Partners, which has a 30GW pipeline in Australia, including the first offshore wind farm, is creating the world’s largest dedicated renewables investment fund.

The post Danish giant targets Australia as it builds “world’s largest” dedicated renewables fund appeared first on RenewEconomy.

A North America-focused forest fund initiated by Sumitomo Forestry, a major forestry group in Japan, has commenced operations with the participation of nine other large corporates from the East Asian country. 

Underground coal mines are expected to bear the highest cost of emission reductions under the reformed Safeguard Mechanism, according to analysis, as the price of Australian Carbon Credit Units (ACCUs) fell further on Monday.

The state's draft connection rules have thrown up another gem, but this one will upend the state's inverter market.

The post Queensland slammed for bespoke demands on inverters in controversial rule change appeared first on RenewEconomy.

RepuTex is looking for a senior trading analyst to join our Melbourne based team to provide qualitative and quantitative analysis of the Australian carbon market.

TagEnergy starts work on the first of 122 turbines for the first 756MW of the massive Golden Plains wind farm, and is laying foundations for its big battery.

The post First turbine goes up at Australia’s largest wind farm, foundations laid for big battery appeared first on RenewEconomy.

Offsets are meant to restore land elsewhere to make up for lost habitat. Developers can make payments to the state to cover the costs of this work, but a new study finds there’s usually a shortfall. Jonathan Rhodes, Professor of Ecology, The University of Queensland Shantala Brisbane, PhD Candidate, School of Earth and Environmental Sciences, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

Almost 200 bird species found to build nests with human litter, including cigarette butts, plastic bags and fishing nets

Birds build nests with rubbish like cigarette butts, plastic bags and fishing nets, scientists say, raising fears for the safety of their chicks.

Research shows 176 bird species have been found to build nests with human litter, including items that hurt them and their offspring.

Continue reading...

The pace of change in some of the world's biggest grids is accelerating, but in Australia the transition is facing problems for governments and agencies.

The post Wind and solar eat fossil fuels in Europe and US, but it’s a slow burn in Australia appeared first on RenewEconomy.

Woodside Energy Group has doubled the amount of international credits it surrendered in the last financial year, according to a new report by the Clean Energy Regulator, as Australian companies saw mixed progress in meeting their climate and clean energy targets.

Regulator reports higher voluntary surrender of LGCs as proof that companies are really buying renewable electricity. But others say the numbers still don't add up.

The post Corporates make “tangible” switch to renewables, but some still play market games appeared first on RenewEconomy.