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The real obstacle to overcome for scaling technology-based removals in the voluntary carbon market is the lack of a demand signal rather than the scarcity of supply, according to a senior member of a large project developer speaking to Carbon Pulse.

Spanish utility Iberdrola announced a continued increase in ETS-covered gas generation in its Q3 results on Wednesday as hydro output remained well below both 2021 and 2020 levels, reflective of a wider trend across the region that has prompted a surge in fossil output.

A carbon price of at least $30 per tonne of CO2 would enable Japan to bring forward a phase-out of fossil-fuel fired power generation and accelerate the transition to renewables in the electricity sector, a report released on Wednesday has found.

Nationally determined contributions (NDCs) will reduce global emissions downward relative to previous strategies, though these efforts are insufficient to limit warming to 1.5C by the end of the century with emissions on course to rise by more than 10% between 2010 and 2030, a UN report showed.

United Nations says governments need to set new goals and make deeper cuts to limit temperature rises to 1.5C

Pledges to cut greenhouse gas emissions will lead to global heating of 2.5C, a level that would condemn the world to catastrophic climate breakdown, according to the United Nations.

Only a handful of countries have strengthened their commitments substantially in the last year, despite having promised to do so at the Cop26 UN climate summit in Glasgow last November. Deeper cuts are needed to limit temperature rises to 1.5C above pre-industrial levels, which would avoid the worst ravages of extreme weather.

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Estimated emissions for operating Chinese-financed overseas power plants could cumulatively consume 1.7% of the global carbon budget that gives a 50-50 chance of limiting global warming to 1.5C, a policy brief has found.

Terrain Solar to team up with Ratch Australia to jointly develop renewable projects, starting with a 152MW solar farm and battery project in NSW.

The post Terrain Solar and Ratch to develop 152MW solar farm and battery project in NSW appeared first on RenewEconomy.

Experts call for tighter regulations as tests find ethoxyquin exceeds maximum limits in Tassal and Petuna salmon

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A fish feed additive banned in the European Union out of concerns for health impacts in animals and humans has been found in Tasmanian salmon at concerning levels, say experts who are calling for tighter regulations.

Dr Christian Narkowicz, an organic chemist, last year commissioned the National Measurement Institute to test salmon for residues of ethoxyquin.

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A joint initiative to provide an open source metadata system to share information about carbon credits and projects across digital platforms and ease integration of multiple registry systems will go live before the end of the year, it was announced on Wednesday.

Shocked at the devastation caused by recent floods in her home country, the photographer Taiwo Aina visited a fishing and farming community where families have lost everything

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Indonesia has finalised and adopted regulations guiding domestic and international carbon trade, results-based payments, and carbon fees, providing some clarity for global emissions traders that have had voluntary offset issuances disrupted in recent months as the rules were under development.

An outspoken Papua New Guinean governor has argued that the moratorium on REDD+ projects for the voluntary market in the country should remain in place until regulations are properly implemented, noting there is still confusion over who is governing carbon credit projects in the country.

Analysis finds global practice is a major driver of marine ecosystems’ destruction and is estimated to run up to $50bn

Developing countries are losing billions of dollars due to illegal, unreported and unregulated (IUU) fishing, which siphons off revenue through illicit financial flows, according to a new study by the Financial Transparency Coalition (FTC).

The study reveals that the top 10 companies involved in IUU fishing are responsible for nearly a quarter of all reported cases: eight are from China – led by Nasdaq-listed Pingtan Marine Enterprise Ltd – one is from Colombia and another from Spain.

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Before things get totally hysterical over the next few days, let’s talk about what betrayal really looks like

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Let’s start with the obvious. When it comes to soaring energy prices, Labor is in a tight spot.

During the election campaign, and in the months before, Anthony Albanese said Labor’s powering Australia policy would lead to lower power prices. More renewables in the market would reduce household energy bills by $275 by 2025.

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Australia’s Carbon Market Institute (CMI) has broadly welcomed the climate-related elements of the federal Labor government’s first budget that was delivered on Tuesday, but has also stated that uncertainty for carbon market players will remain until key policy decisions are made by Canberra to facilitate greater action on climate change.

After nearly 200 applications, Clean Energy Council announces the successful recipients of the 2022 Chloe Munro Scholarship for Transformational Leadership.

The post Chloe Munro Scholarship recipients announced for 2022 appeared first on RenewEconomy.

Climate crisis report says ‘we are not winning in any sector’ as experts call for urgent action on fossil fuels

Meat consumption should be reduced to the equivalent of about two burgers a week in the developed world, and public transport expanded about six times faster than its current rate, if the world is to avoid the worst ravages of the climate crisis, research has suggested.

Rates of deforestation must also be rapidly reduced, and phasing out coal must happen about six times faster than is currently being managed. Heavy industries such as cement and steel are not moving fast enough in cutting their emissions, and the rapid growth of renewable energy and electric vehicle adoption must be maintained.

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Not a single global sector is on course to decarbonise in time to meet the Paris Agreement's preferred warming target of 1.5C, with many far from close to the required pathway and some heading in the wrong direction entirely, according to a report published Wednesday.

The budget earmarked worthwhile climate measures, but many are piecemeal. Amid record-breaking extreme weather in Australia, federal spending on climate action still falls well short. Timothy Neal, Senior research fellow in the Department of Economics, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

UNSW's Martin Green wins prestigious Millennium Technology prize and says solar is the key for replacing fossil fuels.

The post Sydney solar pioneer Martin Green wins prestigious Millennium Technology prize appeared first on RenewEconomy.