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Research prompts warnings humanity is ‘financing its own extinction’ through subsidies damaging to the climate and wildlife

The world is spending at least $1.8tn (£1.3tn) every year on subsidies driving the annihilation of wildlife and a rise in global heating, according to a new study, prompting warnings that humanity is financing its own extinction.

From tax breaks for beef production in the Amazon to financial support for unsustainable groundwater pumping in the Middle East, billions of pounds of government spending and other subsidies are harming the environment, says the first cross-sector assessment for more than a decade.

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Marine police crews and surf lifesavers search Little Bay in south-eastern Sydney, where a swimmer died on Wednesday afternoon after being attacked by a shark. They later located human remains in the water. The death is the first fatal shark attack in the city since 1963

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• Little Bay shark attack: Sydney beaches closed as lifeguards patrol for further sightings
• Shark attacks increased around the world in 2021 after years of decline

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A daily summary of our news plus bite-sized updates from around the world.

A California state senator will host a legislative hearing next week regarding a watchdog group’s recent report on the WCI linked cap-and-trade programme, which argued intervention was necessary to address the market’s allowance glut.

Grattan Institute energy experts say News Corp’s eye-watering figures on the projected costs and job losses of an improbable moratorium are ‘inflated’

• Temperature Check is a weekly column examining claims about climate change made by governments, politicians, business and in the media. See the latest column and follow the series here

Would a moratorium on new coal and gas projects – even one with almost no chance of actually happening – really cost Queensland $85bn and “shaft” New South Wales to the tune of $19bn?

These were the eye-watering claims made in two stories in News Corp Australia mastheads in Brisbane and Sydney on the same day last week.

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*PREMIUM LISTING – The Sales Support Officer reports to the Head of Business Development, the role's main objective is to increase the sales efficiency of SustainCERT's business development team.

*PREMIUM LISTING – Reporting to the Communications & Marketing Director, the Communications Officer will help to develop and implement communications to increase SustainCERT's brand awareness and visibility.

*PREMIUM LISTING – Reporting to the Director of Business Development, this role's main responsibilities will include building out SustainCERT's sales pipeline and executing on relationships with existing Value Change clients to scale up their efforts.

*PREMIUM LISTING – Reporting to the Director of Business Development Environmental Markets, the Business Development Manager will be responsible for growing SustainCERT's portfolio of environmental market clients and projects in line with company growth targets.

*PREMIUM LISTING – Reporting to the Head of Innovations and Advisory, the Innovation Manager will contribute to establishing SustainCERT’s leadership in the highly dynamic Carbon Markets and Scope 3 corporate reporting sectors by piloting a key program within the company’s strategy.

*PREMIUM LISTING – The Director of VCI Partnerships will be responsible for managing SustainCERT's key partnerships and establish and manage the global governance committees that will steer the initiative, as well as identify and establish new partnerships and funding streams that will ensure the initiative’s growth and long-term viability.

*PREMIUM LISTING – Reporting to the Value Chain Certification Director, the Value Chain Certification Officer will serve as SustainCERT in-house technical expertise for the auditing of GHG projects and activities conducted in the context of value chain sustainability reporting, with a particular focus on land-use related activities, including soil carbon enhancement and forest carbon sequestration.

*PREMIUM LISTING – Reporting to the Certification Director, the Certification Officer will be responsible for echnical reviews of projects submitted to SustainCERT for GS4GG certification and provide feedback and guidance to project developers and validation & verification bodies on certification.

Origin Energy accelerates its exit from coal, annoucing it will bring forward the closure of the Eraring coal plant to 2025.

The post Australia’s largest coal plant to close in 2025, as Origin Energy accelerates coal exit appeared first on RenewEconomy.

Greater zero-emissions vehicle adoption and renewable diesel penetration will lead to an even larger WCI allowance surplus by the end of the decade, though California Carbon Allowance (CCA) prices will still increase compared to previous forecasts, analysts said.

In the years KECPO has spent exploring legal avenues to mine coal in Bylong, South Korean energy policy has left the project behind.

The post Bylong Coal has lost its legal battle, and coal demand is losing the war appeared first on RenewEconomy.

Most comprehensive scientific analysis to date finds words are not matched by actions

Accusations of greenwashing against major oil companies that claim to be in transition to clean energy are well-founded, according to the most comprehensive study to date.

The research, published in a peer-reviewed scientific journal, examined the records of ExxonMobil, Chevron, Shell and BP, which together are responsible for more than 10% of global carbon emissions since 1965. The researchers analysed data over the 12 years up to 2020 and concluded the company claims do not align with their actions, which include increasing rather than decreasing exploration.

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Such a dramatic rise in extreme heat days is not inevitable. If global warming is limited to 1.5℃ this century, Western Sydney will have fewer than 17 days of 35℃ per year. Hannah Melville-Rea, Research Fellow, New York University Licensed as Creative Commons – attribution, no derivatives.

The unprecedented speed at which Brussels is moving to enact its Fit for 55 climate policy package will have significant costs on EU households, panellists said at a virtual event on Wednesday, arguing that policymakers should be clearer about what this could mean for average consumers.

Opposition against a proposed second EU carbon market for buildings and transport is hardening among lawmakers, with measures seeking to kill the idea featuring strongly among the 1,600 amendments submitted ahead of a deadline on Wednesday.