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BZE says Australia can't afford to wait for new inventions and doesn’t need to, with off-the-shelf technologies ready and able to "eliminate" emissions.

The post Australia can slash emissions 81 pct by 2030 using six existing technologies, report says appeared first on RenewEconomy.

Hong Kong real estate specialist enters Australia renewables market with deal to help fund Maoneng's $2 billion portfolio of battery and solar projects.

The post Hong Kong real estate fund backs $2 billion of battery and solar projects in Australia appeared first on RenewEconomy.

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

Canada’s logging emissions are roughly equivalent to those from the country’s oilsands, according to a report published Tuesday, which also accused the federal government of significantly underestimating the CO2 output from the forestry industry.

Carbon emissions from California's electricity sector through the first nine months of the year were almost identical to levels recorded for the same period a year ago, as natural gas-fired generation overtook renewables to become the dominant source of power on the grid, data published Tuesday from network manager California Independent System Operator (CAISO) showed.

The percentage of allowable offsets to be included in Colombia’s carbon tax reform remains a key point of contention among stakeholders closely following the ongoing tax reform debate process in congress.

Government’s ‘dangerous deregulatory agenda’ risks missing pledge to protect 30% of land and sea by 2030, says report

The UK will miss its key nature pledge to protect 30% of land and sea by 2030 unless it scraps plans to deregulate environmental protections, a new report has warned.

The UK is one of more than 100 countries committed to protecting “30x30” as a way to halt the destruction of the natural world. However, just 3.22% of land in England and 8% of the sea is being properly protected and managed for nature, according to the report from the environmental charities coalition Wildlife and Countryside Link (WCL).

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As big firms stop insuring coal, complex schemes unlikely to find expertise needed, says Insure Our Future

New coal power projects are becoming “effectively uninsurable” outside China because so many insurance companies have ruled out support for them, a report has found.

Recent commitments to stop underwriting coal by prominent US insurers AIG and Travelers have brought the number of coal insurance exit policies to 41, according to the latest industry scorecard by the climate campaign Insure Our Future.

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An Asia Pacific carbon and clean energy tech and services firm has acquired an Asia-based environmental and energy commodity markets brokerage company, as part of a strategy to offer end-to-end markets, tech and climate solutions for business.

Demand for CORSIA-eligible units will remain limited until at least 2024 with most airlines unlikely to need credits to comply with ICAO's recently-agreed weaker baseline, according to sector stakeholders, while many potential buyers are still confused about their compliance obligations and credit eligibility and will therefore stay on the sidelines until greater clarity emerges.

Labor unveils multi-billion dollar packages to support offshore wind, the Marinus Link and other transmission upgrades.

The post “This is a big deal:” Labor rolls out package for offshore wind, Marinus and Victoria renewables appeared first on RenewEconomy.

The Washington State Department of Natural Resources (DNR) and a major US developer announced on Tuesday the details of a public comment period for a sizeable forest protection offset project.

Corporate Australia is anxious about how much climate action will cost but still believes the country now needs to be thinking about net negative targets.

The post Australian business leaders still baulking at 1.5°C target, despite their net zero promises appeared first on RenewEconomy.

The Progressive Conservative government of the Canadian Maritime province of Nova Scotia on Tuesday presented an alternate plan for meeting Canada's federally mandated carbon price of C$65/tonne in 2023, which if passed would replace Nova Scotia's three-year-old cap-and-trade programme.

The state is going after five oil companies – ExxonMobil, Shell Oil, Chevron, BP and ConocoPhillips – for their role in the climate crisis

New Jersey has joined the ranks of Rhode Island, Delaware, Connecticut, Massachusetts, Minnesota and Vermont as the latest state to sue some of the world’s largest oil companies for their role in delaying climate policy and increasing the climate impacts, risks and costs borne by state governments. Like Minnesota and the District of Columbia before it, New Jersey has also included the industry’s top US trade group, the American Petroleum Institute, in its suit, which includes not only liability, but also fraud claims against five oil majors: ExxonMobil, Shell Oil, Chevron, BP and ConocoPhillips.

Some two dozen climate liability suits have been making their way through the courts since 2015, bolstered by media investigations and attribution studies that are able to accurately pinpoint the precise contribution climate change has made to the damages inflicted by extreme weather events. A 2021 study in the journal Nature, for example, found that just over $8bn (£7bn) of the $62.7bn (£55.3bn) in damages caused by Superstorm Sandy across New York, New Jersey and Connecticut, is attributable to sea-level rise caused by climate change.

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The UK government released its 2021-40 emissions projections on Tuesday, detailing progress towards climate goals while underscoring that further efforts will be needed to reach net zero GHGs by mid-century.

38 mammals have been driven to extinction since colonisation, and many more are close to joining them. We have the solutions at hand, but warnings continue to be met with mediocre responses. Euan Ritchie, Professor in Wildlife Ecology and Conservation, Centre for Integrative Ecology, School of Life & Environmental Sciences, Deakin University Licensed as Creative Commons – attribution, no derivatives.

Exchange operator ICE has unveiled a roadmap for participation in its upcoming voluntary carbon auctions, with the first such sale set to take place in December.

The European Commission will propose adding “EU financial firepower” to the bloc’s REPowerEU initiative to exit Russian fossil fuels, it said on Tuesday, making good on an earlier call by Commission President Ursula von der Leyen and raising the potential for a further raid on the EU ETS.

A new exchange has taken a step closer to launching a batch of voluntary carbon market futures that will soon be followed by a fresh approach to the liquified natural gas (LNG) market.