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Right wing think tanks says "real Australians" are being hit by "net zero induced" technical faults in coal plants. And we wonder how we got in this mess.

The post Watch out for “net zero induced technical faults” – they might be contagious appeared first on RenewEconomy.

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

People cannot easily find out how dirty the air is where they live, the National Audit Office says.

Washington has adopted ground-breaking legislation to address climate change by sharply reducing Greenhouse Gas (GHG) emissions and achieve carbon neutrality.  Do you care passionately about climate change?  Are you seeking a challenging and rewarding job in which you will be directly addressing the climate crisis?  Then join us as we implement this historic legislation.

Nepal is preparing to move its Everest base camp as the glacier it stands on becomes less stable.

Carbon-rich peatlands are under threat from development, posing a risk for future climate change.

Spending watchdog warns existing policies not enough to meet most targets by 2030

The government is not on track to cut air pollution and is not effectively informing the public about the issue, the spending watchdog has warned.

The National Audit Office (NAO) warned that existing policy measures will not be enough to meet most of the government’s air quality targets by 2030.

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A US hemp exchange and benchmark price provider has teamed up with the Washington DC-based National Industrial Hemp Council of America (NIHC) to develop carbon sequestration opportunities in the country’s industrial hemp market.

How will the WA government prepare for the closure of its last two coal generators? Lots of wind, solar and batteries.

The post More than 1GW of battery storage to replace coal in world’s biggest isolated grid appeared first on RenewEconomy.

Revalue Nature focuses on financing and developing the highest integrity nature-based carbon projects globally. We differentiate ourselves by combining a robust investment approach with world-class project development services in-house, all underpinned by our advanced spatial intelligence platform.

California Carbon Allowance (CCA) prices dropped this week in line with macroeconomic weakness across broader markets, while RGGI Allowances (RGAs) ended the week relatively flat on continued strong bid interest.

Climate change is changing wave patterns and strength. Bigger waves combined with sea level rise will hit coasts hard – but only in some countries. Thomas Mortlock, Senior Analyst at Aon Reinsurance Solutions and Adjunct Fellow, Macquarie University Adrean Webb, Associate Professor, Tokyo Institute of Technology Itxaso Odériz, Posdoctoral researcher, Universidad de Cantabria Nobuhito Mori, Professor, Kyoto University Rodolfo Silva, Professor, Universidad Nacional Autónoma de México (UNAM) Tomoya Shimura, Associate professor Licensed as Creative Commons – attribution, no derivatives.

The findings underscore the importance of acting immediately to protect threatened species from predators in the wake of catastrophic natural events. Louis Lignereux, Researcher, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.

Almost 8 million Aussie homes lack sufficient insulation, use sub-par heating and cooling equipment, or are badly designed. These homes account for 18% of Australia’s emissions. Nimish Biloria, Associate Professor of Architecture, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.

Rich-to-poor payments for climate-related harm is set to be the focus of year-end UN climate negotiations, experts said on Thursday as interim talks wrapped in Bonn amid concerns over whether voluntary carbon market infrastructure should feature in a new global emissions trading regime.

EUAs tumbled towards €83 on Thursday as traders faced pressure to sell carbon to cover positions in the surging gas market, while investors braced for a global recession after the Fed's interest rate hike.

The deaths of the reporter and the Indigenous expert in Brazil come amid growing violence against environmental defenders and journalists

The killing of Dom Phillips and Bruno Pereira in the Amazon is devastating for their families and friends. It is also the embodiment of a wider assault on environmental defenders and those who work with them, and of the dangers faced by journalists. The relentless targeting of those who seek to protect an ever more fragile world is increasing as the climate crisis grows more intense. In 2020, more than four defenders a week died globally. A disproportionate number are Indigenous people or, like Mr Pereira, those who work closely with and for them. Mr Phillips, though passionate about the environment, was not an activist but a reporter – one of many who have died in Latin America because of their work.

The discovery of their bodies, and the police announcement that one of the suspects arrested in connection with their disappearance has said that he killed them, brings an end to the families’ anguish of not knowing their whereabouts. “Now we can bring them home and say goodbye with love. Today, we also begin our quest for justice,” Mr Phillips’ widow, Alessandra Sampaio, wrote in a statement.

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The usual trade-off between maximising revenue while protecting industry’s long-term future no longer applies

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After dealing with multiple natural disasters, and facing the need for huge investment in an overloaded electricity system, it’s not surprising the Queensland government is in search of extra revenue ahead of next week’s budget. The obvious source, already flagged by the treasurer, Cameron Dick, is an increase in royalty rates for coal.

These rates, set on a sliding scale according to the price of coal, have been frozen for the last 10 years, as promised by the Newman LNP government after a small increase in 2012. With the 10-year freeze now expired, resources groups are lobbying intensely for no changes to the existing regime. But there is a logical case for increasing royalties on coal, which is currently trading at spectacularly high prices.

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A Finnish sustainable finance company on Thursday announced a partnership with an Israeli climate technology startup to create a new voluntary offset registry for forest-based projects.

The founder and owner of Slovenian carbon trading company Belektron has acquired a one-third stake in a battery storage company based in the country, the companies said on Thursday.