Feed aggregator

Nature-based and other offsets could follow other resources that have seen governments clamp down on private activity as nations set about meeting their Paris Agreement climate pledges, a conference heard on Tuesday.

BlackRock follows its purchase of Australian battery storage developer Akaysha with buyout of NZ solar and storage subscription provider SolarZero.

The post BlackRock adds to clean energy portfolio with NZ solar and battery storage company appeared first on RenewEconomy.

Society is built on intersecting workplaces – and workers from many industries are being affected by climate change. Lauren Rickards, Professor, RMIT University Todd Denham, Research officer, Centre for Urban Research, RMIT University Licensed as Creative Commons – attribution, no derivatives.

A Canada-based consumer offset retailer has struck a deal with a biomass waste conversion company in the country to source its carbon removals credits for sale to individuals seeking to address their carbon footprint.

Carbon credit ratings agency will boom from a ‘race to the top’ to find high quality offsets when corporates are required not only to report their carbon accounting but also lower their carbon footprint, a webinar heard Tuesday.

The chemicals industry must dramatically transform operations to avoid 4C of global warming, according to a study published on Tuesday that maps out a Paris Agreement-aligned route for the sector whereby it could earn $55 bln in carbon credits a year by 2050 by sequestering its emissions.

Floor price expectations for next year’s WCI-linked cap and trade auction reserve price continued to inch lower with August inflation, according to federal data published Tuesday.

Albanese government appoints three women with environmental backgrounds to board

The Albanese government has appointed three women with environmental backgrounds to the board of the Climate Change Authority in a bid to counter concerns the advisory body was taken over by business leaders under the Coalition.

The authority was given expanded responsibilities under climate change legislation that passed parliament last week, including advising the government on future emissions reduction targets and an annual statement to parliament by the climate change minister. The advice must be made public, and the minister must explain why if he rejects it.

Continue reading...

An agtech company has raised a further $40 mln in funding to accelerate a three-year rapid expansion plan that will target the carbon offset market.

The supply of voluntary carbon credits will tighten significantly over the next year, due to a dearth of projects following methodology changes, labour shortages, and a shifting regulatory framework, a virtual event heard Tuesday.

Government investment should be targeted at cutting bills by cutting waste. Until then we will remain dependent

With every new premiership comes new trials and tribulations. No one will be more aware of this than Liz Truss and her fresh cabinet, who have little choice but to hit the ground running with a plan to relieve the British public from the clutches of extortionate gas prices that have caused energy bills to spiral.

The cost of living crisis is due almost entirely to Putin’s war in Ukraine and his unrivalled chokehold on Europe’s gas supply. Soaring energy bills in the UK are being driven by international markets. Not, as some seem to think, by our inability to source more gas and increase its supply. Expanding drilling in the North Sea and fracking the English countryside would have negligible impact on the global shortfall and gas prices.

Helena Bennett is head of climate policy at Green Alliance

Continue reading...

EU lawmakers endorsed on Tuesday a draft bill that would make it harder for EU-based companies and banks to either directly import or finance products at the origin of deforestation and forest degradation, paving the way for inter-institutional talks later this month to finalise the bill.

New report says falling cost of renewable energy makes switch from fossil fuels cheapest option.

New study says rapid switch to renewables and storage will save the the world at least $US12 trillion ($A18 trillion) if reached by 2050.

The post Fast transition to renewables will save the world $18 trillion, says Oxford study appeared first on RenewEconomy.

First concrete foundation poured for the first of the 180 massive turbines that will make up Australia's first gigawatt scale wind project.

The post First concrete foundation poured in Australia’s first gigawatt scale wind project appeared first on RenewEconomy.

A carbon credit ratings agency announced a new service on Tuesday that provides quality indicators for more than 150 carbon projects, promising transparent, comparable, and comprehensive assessments of underlying carbon and sustainability claims while using an expert panel to vet its approach.

Exclusive: Leaked documents reveal water firms are considering drastic measures to combat drought

Bans on filling public swimming pools, maintaining ponds, washing cars and cleaning offices and shops could be put in place as England continues to run out of water, the Guardian can reveal.

Despite recent showery periods, the country, particularly in the south and east, has not received enough rain to refill depleted rivers and reservoirs.

Continue reading...

A carbon removals marketplace is eyeing a rapid expansion after securing $55 million in second round funding, it announced Tuesday.

EUAs reversed early losses to hold on to most of Monday's strong gain as buyers remained interested even as the daily auction reverted to trend, while energy markets were largely flat on the day as traders waited for more details of the European Commission's plan to cap energy costs.

Voluntary carbon market participants should look positively on the news that Gabon will soon come to market with an offering of 90 million tonnes of sovereign carbon credits, writes Federica Bietta of the Coalition for Rainforest Nations