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Anew Climate invests up to $640 mln in nature-based offset developer Terra Global

Carbon Pulse - Thu, 2023-01-12 00:15
Environmental services firm Anew Climate has agreed to invest as much as $640 million in nature-based carbon project developer Terra Global Capital, an Anew executive said on Wednesday.
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Australia must not rely on emissions offsets if it is serious about climate crisis, says Ian Chubb

The Guardian - Thu, 2023-01-12 00:00

Head of carbon credit system review says absolute emissions cuts must be priority, as Albanese government weighs up limits on use of credits

The head of a review of Australia’s carbon credit system says polluters must make deep cuts in their own greenhouse gas emissions and not rely heavily on offsets – paying for emission cuts elsewhere – if the climate crisis is to be addressed.

Prof Ian Chubb, a former chief scientist who headed the Albanese government’s review of the carbon credit scheme, said he backed a UN expert group recommendation that companies should prioritise absolute emissions cuts consistent with the goal of limiting global heating to 1.5C, and offsets should be used only “above and beyond” that.

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Waterways plagued with invasive carp after flooding in the Murray-Darling Basin – video

The Guardian - Thu, 2023-01-12 00:00

European carp – an invasive species – are breeding in huge numbers, putting smaller native fish under pressure as they stir up the water and damage aquatic vegetation. John Koehn, an adjunct professor at Charles Sturt University’s Gulbali Institute, says the massive carp spawning event is not unusual for wet times and it will be months before it is known how many of the carp survive to adulthood

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Australia’s self-regulating pesticide monitoring system picked up far fewer violations than government study

The Guardian - Thu, 2023-01-12 00:00

A pilot study by the agriculture department in 2013 detected chemicals not found by the self-regulatory system

The pesticide testing Australia relies on to pick up chemicals in fresh fruit and vegetables sold domestically routinely picked up far fewer breaches than a government study in 2013.

Unpublished results of a 2013 pilot study for a national produce monitoring system (NPMS) by the federal agriculture department have been revealed under freedom of information laws.

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Xpansiv closes $125 mln capital raise, completes acquisition of Evolution

Carbon Pulse - Wed, 2023-01-11 23:29
Xpansiv has closed a $125 million capital raise to help fuel continued growth, the environmental markets platform announced on Wednesday, while confirming the completion of last year’s acquisition of emissions brokerage Evolution Markets.
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Northvolt v Britishvolt: clarity v confusion in the great electric car battery race | Nils Pratley

The Guardian - Wed, 2023-01-11 23:05

Fast action in global gigafactory race is happening outside UK, as Swedish pacesetter shows

In a fantasy world, the would-be rescuer of Britishvolt would be a consortium that included a car manufacturer or two. The ailing startup would instantly get what it needs most after six months of crisis: endorsement for a battery product that is still in development, plus some , future customers.

At that point, the big political claims made about Britishvolt, its planned gigafactory in Northumberland and “the UK’s place at the helm of the global green industrial revolution”, as the former prime minister Boris Johnson put it a year ago, would start to sound more credible.

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CORRECTION – Euro Markets: Midday Update

Carbon Pulse - Wed, 2023-01-11 22:45
EUAs climbed 1% on Wednesday after a late morning surge clawed back most of Tuesday's losses, as traders awaited the first UKA auction of the year and signs of potential EUA supply from British installations swapping their EU units for UK allowances.
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Streets submerged by floods in Central California – video

The Guardian - Wed, 2023-01-11 22:39

Millions of residents faced flood warnings, almost 50,000 people were under evacuation orders, and more than 110,000 homes and businesses were without power after more than a foot and a half (45cm) of rain fell in southern California. Swollen rivers swamped homes in small communities, inundating them with water and mud and stranding residents. Footage shows entire neighbourhoods covered in water, with cars submerged and houses flooded

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Anglers despair as trapped seal eats Essex lake’s stocks like it’s ‘in Waitrose’

The Guardian - Wed, 2023-01-11 22:00

Animal has been evading capture from Rochford fishing lake since mid-December

A seal trapped in a fishing lake has “found himself in a branch of Waitrose” and has no incentive to escape, according to an expert.

The animal has evaded multiple attempts at capture since first being spotted at Rochford Reservoir, in Essex, almost a month ago, the BBC reported.

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Thames Water criticised over lack of investment in sewage treatment works

The Guardian - Wed, 2023-01-11 21:22

Campaigners say most sites cannot cope with amount of wastewater, raising risk of raw discharges into rivers

Investment into expanding sewage treatment works by Thames Water falls far short of what is needed to stop raw sewage discharges into rivers, according to campaign group.

Campaigners analysed 106 treatment works in the upper Thames area, which stretches from the Chilterns into the Cotswolds. A treatment works is where wastewater is stored and treated, before being released to the environment. The research suggested three-quarters of the works examined did not have enough capacity to cope with the amount of wastewater from the population. If a treatment works is over capacity, it increases the likelihood of raw sewage being released to the environment.

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Bid to bring virtual power plants to the masses kicks off in Australia

RenewEconomy - Wed, 2023-01-11 20:29

Australian company partners with global digital energy platform provider to design a VPP platform tailored to everyone from utilities to residential customers.

The post Bid to bring virtual power plants to the masses kicks off in Australia appeared first on RenewEconomy.

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Novel floating wind turbine design to use recyclable aluminium

RenewEconomy - Wed, 2023-01-11 20:06

floating wind turbine WWWNorwegian duo announces plans to use sustainable and recyclable materials in the construction of floating offshore wind turbines.

The post Novel floating wind turbine design to use recyclable aluminium appeared first on RenewEconomy.

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SK Market: Korean auction clears below secondary market amid lacklustre demand

Carbon Pulse - Wed, 2023-01-11 20:04
South Korea sold just over 60% of the allowances on offer at Wednesday’s monthly carbon sale with the clearing price reaching a new low, as the current economic slump and allowance surplus continue to weigh on market sentiment.
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FEATURE: Do’s and don’ts – Biodiversity market looking to carbon for guidance

Carbon Pulse - Wed, 2023-01-11 19:35
With momentum building behind biodiversity crediting following a string of announcements at COP15 in December, market experts have highlighted the lessons to learn from carbon, their close links and key differences, and why there is no time to waste in devising the framework to scale the nascent nature-based market.
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Oceans were the hottest ever recorded in 2022, analysis shows

The Guardian - Wed, 2023-01-11 18:00

Seas dominate global weather patterns and the climate crisis is causing profound and damaging changes

The world’s oceans were the hottest ever recorded in 2022, demonstrating the profound and pervasive changes that human-caused emissions have made to the planet’s climate.

More than 90% of the excess heat trapped by greenhouse gas emissions is absorbed in the oceans. The records, starting in 1958, show an inexorable rise in ocean temperature, with an acceleration in warming after 1990.

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Taiwan should release carbon levy details as soon as possible, green groups urge

Carbon Pulse - Wed, 2023-01-11 17:36
Several environmental groups have expressed concerns over the inadequacies of Taiwan's newly-passed climate bill, urging the government to clarify the details of an upcoming carbon levy scheme as soon as possible.
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Giant solar farm project in doubt after disagreement between Mike Cannon-Brookes and Andrew Forrest

The Guardian - Wed, 2023-01-11 17:10

Australian billionaires had backed $30bn Sun Cable venture designed to help power Darwin, Indonesia and Singapore but the company has gone into voluntary administration

Australian billionaires Mike Cannon-Brookes and Andrew Forrest have fallen out over plans to build a giant solar farm in the Northern Territory to supply Darwin, Indonesia and Singapore with power, with the venture entering voluntary administration.

Grok, the family investment arm of Cannon-Brookes, and the appointed administrators said in separate statements the company driving the project, Sun Cable, would continue to operate and seek new financial support.

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MPs to hear plan to get rural households to run heating on vegetable oil

The Guardian - Wed, 2023-01-11 17:00

George Eustice says adapted kerosene boilers can run on ‘hydro-treated vegetable oil’ and cut emissions by 88%

A proposal to incentivise households in rural areas to run their heating systems on vegetable oil is to be put to parliament.

The former environment secretary George Eustice will introduce a bill proposing the removal of duties on renewable liquid heating fuels and incentives to replace kerosene in existing boilers.

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Indonesian project developer secures land for REDD+ project in Papua

Carbon Pulse - Wed, 2023-01-11 16:52
An Indonesian carbon project developer has secured a land agreement to turn a land concession in Papua into a REDD+ project that it says could generate the equivalent of 3.7 million VCUs per year.  
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South Africa’s blue carbon restoration can contribute to climate goals -report

Carbon Pulse - Wed, 2023-01-11 15:17
South Africa’s blue carbon ecosystems can be leveraged to help meet its NDC goals, the first ever blue carbon sink assessment completed for the country has found, despite the fact that mangroves, salt marshes, and seagrasses collectively account for only a limited share of the large African economy’s land area.
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