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AGL names a new CEO to lead switch from fossil fuels to renewables and appoints contractors to demolish the Liddell coal generator.

The post AGL names new CEO as contract awarded to demolish Liddell coal generator appeared first on RenewEconomy.

The US EPA announced on Wednesday that it will publish a suite of new emissions reduction regulations in the coming months, while federal agencies are relying on the private sector to help decarbonise the electric grid.

New amendments to Alberta’s Technology Innovation and Emissions Reduction (TIER) regime will cause the programme’s credit bank to plunge 75% over the rest of the decade in the absence of significant carbon capture, utilisation, and storage (CCUS) uptake, analysts said in a recent report.

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The UK government has slashed another 1.7 million tonnes from industrial emitters' free carbon allowance allocations under the country's ETS, removing subsidies worth an estimated £112 mln at current prices.

The UAE's climate envoy on Wednesday shrugged off conflict-of-interest concerns about the nation appointing its state oil firm boss as head of upcoming COP UN climate negotiations, while warning that the global stocktake due at the meeting will likely show the planet off-track on global warming goals.

Prices for forestry conservation carbon credits held steady on Wednesday despite the publication of damning reports about Verra-accredited REDD+ projects that the standards body has refuted as untrue.

Plan unveiled at Davos to find fair limits on impact of climate and other crises, which most affect poorer countries

Countries, companies and cities need to establish environmental justice targets to counter the impact of the climate and other crises on global inequality, according to the authors of the most comprehensive study of the issue to date.

From floods in Pakistan to air pollution in India, the Earth Commission researchers say the poorest parts of the world are being disproportionately harmed by environmental problems, which is adding to global injustice and threatening social stability.

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To achieve low or even no electricity bills, there are three areas owners of home solar systems should focus on getting right. Wasim Saman, Emeritus Professor of Sustainable Energy Engineering, University of South Australia Licensed as Creative Commons – attribution, no derivatives.

California Low Carbon Fuel Standard (LCFS) credit values this week continued to sink towards 5.5-year lows as traders pointed to depressed short-term fuel consumption, strong credit generation expectations for the third quarter, and uncertainty regarding the programme’s revised 2030 climate target.

Extinction Rebellion activists have chained themselves together at the entrance of the Department for Levelling Up, Housing and Communities in London to protest against a new coalmine in Cumbria approved by the department's secretary, Michael Gove.

'I find it completely unacceptable that at a time like this the government is still making these decisions, so we are here to say cut the ties to fossil fuels,' said Sarah Hart, from Farnborough, Hampshire, one of the protesters who lay on the ground outside the main entrance.

The estimated £165m project is expected to produce 2.8m tonnes of coking coal a year, largely for steelmaking.

The protest comes weeks after Extinction Rebellion issued a press release declaring: 'We quit', which some interpreted as an admission of defeat. Activists clarified the message applied only to actions disrupting the public, and only temporarily, as the group tries to build support beyond its radical base for mass protests in April

• Extinction Rebellion activists pour black paint outside Gove’s office
  
• Extinction Rebellion announces move away from disruptive tactics
  

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Growing economic pessimism, increased borrowing costs, and policy uncertainty have forced many European carbon market participants to either change the way they trade EUAs or to reduce their exposure to allowances, as speculators in particular appear to be backing away from the market amid the clouded outlook for 2023.

Experts are bracing for increasing legal action linked to biodiversity in the coming years, the WEF annual summit in Davos heard on Wednesday, taking as a cue the recent rise in litigation against big companies and governments over their climate-related actions or inactions.

A global consultancy has launched an academy and series of training courses aimed at plugging the training gap for firms when dealing with Scope 3 emissions, it announced Wednesday.

Study shows ‘disastrous consequences for wildlife’ if human-caused emissions push global temperatures up 4.4C

More than 40% of land vertebrates will be threatened by extreme heat by the end of the century under a high emissions scenario, with freak temperatures once regarded as rare likely to become the norm, new research warns.

Reptiles, birds, amphibians and mammals are being exposed to extreme heat events of increasing frequency, duration and intensity, as a result of human-driven global heating. This poses a substantial threat to the planet’s biodiversity, a new study warns.

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As a Senior Carbon Market Analyst you will work with colleagues within the Accountability Unit, the Senior Associate for Natural Carbon Capture and other colleagues to further develop and implement an accountability unit strategy in the area of carbon markets.

Protest held over levelling up secretary’s decision to approve new coalmine in Cumbria

• UK politics live – latest news updates

Extinction Rebellion activists have chained themselves together at the entrance of the Department for Levelling Up, Housing and Communities in London to protest against a new coalmine in Cumbria approved by its secretary, Michael Gove.

As police hurried to block access to the doors, protesters lit smoke bombs and poured black water-soluble paint designed to resemble oil across the floor, while others danced around dressed in canary costumes outside the building on Marsham Street in Westminster on Wednesday.

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Investigation into Verra carbon standard finds most are ‘phantom credits’ and may worsen global heating

• ‘Nowhere else to go’: Alto Mayo, Peru, at centre of conservation row
• Greenwashing or a net zero necessity? Scientists on carbon offsetting
• Carbon offsets flawed but we are in a climate emergency

The forest carbon offsets approved by the world’s leading provider and used by Disney, Shell, Gucci and other big corporations are largely worthless and could make global heating worse, according to a new investigation.

The research into Verra, the world’s leading carbon standard for the rapidly growing $2bn (£1.6bn) voluntary offsets market, has found that, based on analysis of a significant percentage of the projects, more than 90% of their rainforest offset credits – among the most commonly used by companies – are likely to be “phantom credits” and do not represent genuine carbon reductions.

Only a handful of Verra’s rainforest projects showed evidence of deforestation reductions, according to two studies, with further analysis indicating that 94% of the credits had no benefit to the climate.

The threat to forests had been overstated by about 400% on average for Verra projects, according to analysis of a 2022 University of Cambridge study.

Gucci, Salesforce, BHP, Shell, easyJet, Leon and the band Pearl Jam were among dozens of companies and organisations that have bought rainforest offsets approved by Verra for environmental claims.

Human rights issues are a serious concern in at least one of the offsetting projects. The Guardian visited a flagship project in Peru, and was shown videos that residents said showed their homes being cut down with chainsaws and ropes by park guards and police. They spoke of forced evictions and tensions with park authorities.

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EUAs jumped to a six-day high on Wednesday morning, repeating the pattern of the previous session amid rising gas and power prices and as participants suggested the market was roiled by a short squeeze.