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Fortum’s Russian coal shift can’t halt massive jump in carbon footprint
California outlines initial scenarios that may exceed 2030 GHG goal
UK medical schools must teach about climate crisis, say students
Extreme weather events widen existing inequalities and traumatise victims while climate anxiety affects mental health
Medical students are demanding their schools include the climate crisis as a core component of the curriculum, as the intensifying climate emergency highlights the corresponding health crisis.
Hannah Chase, a final year medical student at Oxford said the sense of urgency hit home recently when a fellow student confessed they didn’t believe in climate change. “It just shows that we make such assumptions,” said Chase. “It’s needed, this education.”
Continue reading...Euro Markets: Midday Update
Stop the east African oil pipeline now | Bill McKibben, Diana Nabiruma and Omar Elmawi
The fate of a planned line from Uganda to Tanzania will be the first test of whether anyone was listening to António Guterres’ call to end fossil fuels
If there is one world leader trying to look out for the planet as a whole, not just their own nation, it’s the UN secretary general. Last week, António Guterres was resolute in the wake of the damning report from the IPCC on the perilious climate crisis. It should, he said, sound “a death knell for coal and fossil fuels, before they destroy our planet”.
He called for an end to “all new fossil fuel exploration and production”, and told countries to shift fossil fuel subsidies into renewable energy.
Continue reading...Beijing wants clean hydrogen to earn CCERs in new plan
Exxon’s oil drilling gamble off Guyana coast ‘poses major environmental risk’
Experts warn of potential for disaster as Exxon pursues 9bn barrels in sensitive marine ecosystem
ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to adequately prepare for possible disaster, the Guardian and Floodlight have found.
Exxon has been extracting oil from Liza 1, an ultra-deepwater drilling operation, since 2019 – part of an expansive project spanning more than 6m acres off the coast of Guyana that includes 17 additional prospects in the exploration and preparatory phases.
Continue reading...South Pole teams up with community group to develop Australian offsets
China hopes to open ETS door to financials before year-end -exchange
EU CBAM to have marginal impact on Australian exports, but could offer opportunities -report
ETS could cut 30-60% of China’s emissions over time, report finds
Global water crisis will intensify with climate breakdown, says report
Flooding, droughts and wildfires will worsen as global heating disrupts the planet’s water cycle
Water problems – drought, with its accompanying wildfires, and flooding – are likely to become much worse around the world as climate breakdown takes hold, according to the biggest assessment of climate science to date.
Global heating of at least 1.5C is likely to happen within the next two decades, according to the Intergovernmental Panel on Climate Change. Temperature rises will be accompanied by big changes in the planet’s water cycle, with areas that are already wet becoming much wetter, and already arid areas becoming prone to greater drought. Extreme rainfall intensifies by 7% for each additional 1C of global heating, the report found.
Continue reading...Spring is in the air as Australia’s main grid sets record low for winter demand
Mild conditions deliver a new winter demand "low" on Sunday, the new, rooftop solar inspired bête noire for the market operator.
The post Spring is in the air as Australia’s main grid sets record low for winter demand appeared first on RenewEconomy.
Big Pharma rides vaccine boost with switch to 100 per cent renewables
"Big Pharma" is enjoying a much-needed reputational boost off the back of Covid-19 vaccines, and it is now dosing up on climate action and renewable energy.
The post Big Pharma rides vaccine boost with switch to 100 per cent renewables appeared first on RenewEconomy.
Shipping blues: Solar PV price crunch drives shift to lower-cost suppliers
Australia’s solar market is seeing a significant shake-up of top-selling inverter and panel brands, as retailers struggle against multiple pricing pressure points.
The post Shipping blues: Solar PV price crunch drives shift to lower-cost suppliers appeared first on RenewEconomy.
Mallorca marine reserve boosts wildlife as well as business, report finds
Protected area delivered a tenfold return on investment, with benefits for fishing, biodiversity and tourism
A marine protection area established off the coast of Mallorca is proving beneficial not just for the environment but for business, too, according to a study that appears to confirm the long-term benefits of MPAs for both habitats and economies.
According to the study, carried out by the non-profit Marilles Foundation, the protected area has generated €10 in benefits for each euro of the €473,137 (£402,000) invested in the scheme.
Continue reading...Net zero pledges, not border taxes, are biggest threat to Australia’s fossil fuel exports
Key business group plays down threat of carbon border adjustment mechanisms, but warns net zero pledges will slash demand for Australian coal and gas.
The post Net zero pledges, not border taxes, are biggest threat to Australia’s fossil fuel exports appeared first on RenewEconomy.
Santos counts on $70/tonne carbon price for flagship CCS project
Santos says its flagship CCS project needs a carbon price, and it is counting on a $70/tonne price by 2030.
The post Santos counts on $70/tonne carbon price for flagship CCS project appeared first on RenewEconomy.
“Failure not an option”: Kean wants voters to send message to leaders failing on climate
"Get on with it, or to get out of the way." NSW energy minister Matt Kean warns LNP leaders to act on climate change, or risk getting voted out.
The post “Failure not an option”: Kean wants voters to send message to leaders failing on climate appeared first on RenewEconomy.