Feed aggregator

Queensland Labor announces new state target 70% renewables by 2032 ahead of launch of state's Energy and Jobs plan. Story developing.

The post Queensland ramps up renewables push with new target of 70 pct by 2032 appeared first on RenewEconomy.

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

In order to maintain financial stability and manage monetary policy, South Africa’s central bank needs to develop a framework to monitor and estimate the impact of international climate mitigation policies, in particular carbon border adjustment mechanisms (CBAMs), on the country’s economy.

Voluntary carbon offset provider Climate Impact Partners has bolstered its sourcing team with two more market experts.

*PREMIUM LISTING - Volkswagen ClimatePartner GmbH is a joint venture by Volkswagen Kraftwerk GmbH and ClimatePartner GmbH, aiming to develop and finance quality carbon offset projects. Our projects are proven to save CO2-emissions and are certified under recognized standards.

*PREMIUM LISTING - As Head (m/f/d) of the Project Development Team, you will be responsible for the Project Development Team, its strategy, and all project related tasks regarding origination, financing, development, and operation of a portfolio of mainly forestry and renewable energy projects.

*PREMIUM LISTING - As part of Volkswagen ClimatePartner, you will be responsible for the quality assurance of carbon offset projects being in the initiation phase or already in the portfolio. You will ensure compliance with the standards both with contractors and projects developers.

*PREMIUM LISTING - Become part of our ClimatePartner Impact team in Munich, where we support our clients in selecting or developing certified, high-quality projects to offset their unabated emissions.

The work of the Integrity Council for the Voluntary Carbon Market (IC-VCM) is important for ensuring high standards in the VER space, Gold Standard said Tuesday in comments that separate the offset certifier from its largest competitor.

Initially reporting to the Chief Executive Officer (CEO), the Project Director - Kasempa will start prior to the validation of the project and as such, will play in an integral part in informing the project design activities across sites within Kasempa. This position will facilitate meetings, coordinate with local authorities, train on-ground teams, and work with technical and implementation partners to ensure objectives are met.

A nascent digital MRV platform and marketplace for “high-quality” carbon removal credits has raised €5.5 million in new investor funding.

A Texas-based fossil fuel company achieved net zero Scope 1 emissions last year by retiring carbon credits dating back to the mid-2000s from Carbon Capture and Storage (CCS) projects used for Enhanced Oil Recovery (EOR), according to the company’s 2022 sustainability report released Monday.

Carbon credits will most certainly be more expensive than their alternatives when they include authorisations from host-country governments, speakers at a virtual event said on Tuesday, pointing to another factor that would differentiate credits and complicate fungibility in the market.

Forthcoming talks on how to finance part of the EU's rapid exit from Russian fossil fuels promise to be heated, with lawmakers and member states at odds over which carbon allowances to raise €20 billion from, though both are critical of a Brussels plan to tap the supply-managing MSR.

A global cross-stakeholder body has set out guidance aiming to shape nature markets that it says eventually could be worth nearly 9% of global GDP, and including initiatives such as voluntary carbon credits, conservation, soft commodities and nature-based solutions for carbon sequestration. 

Companies are set to face a maze of intersecting climate risk reporting requirements as early drafts of three competing rulebooks and comments analysed by Carbon Pulse reveal an array of differences on key issues such as emissions scope, oversight, and offset use.

We’re holding off getting a couch till the wet season passes – I’ve lost far too much velvet to the Wilson River. Living in a flood plain means not ever fully resting

For me the sound of rain has changed, as it has for many people in the northern rivers from a peaceful backdrop for slumber and a giving life force to a warning sign to not get complacent.

The sound now carries with it a weight, and a knowing, of the power that can hide behind it. I have seen water in places the mind can’t fathom in its absence, yet the evidence remains as a daily reminder. A tricycle high in the tree out the front on the verge, windows and doors to house after house, sky-high on stilts, silent, open and gaping, revealing the holes that have been left in so many lives.

Continue reading...

California Low Carbon Fuel Standard (LCFS) credit values on Tuesday veered towards levels not seen since summer 2016 as market participants reported numerous credit generators were on offer.

Using hydrogen to heat homes is inefficient and expensive, a report finds, contradicting the government.

The world is risking "immense" consequences for the climate as Russia looks to burn excess gas no longer being sent to Europe, while experts believe a series of gas leaks from the Nord Stream pipelines this week will worsen the situation.