Feed aggregator

A regional partnership seeking to advance nature conservation efforts in Latin America and the Caribbean has drafted a new strategy to meet the ambitious goal of protecting and restoring 50 million hectares of land by 2030.

The arrival of a new Labour government would clear the way for Britain to link its emissions trading scheme with the EU’s within the next few years, pushing UK prices up to parity as soon as the intention is signalled and aligning the two markets over the longer term, experts said on Wednesday.

'Well-intentioned' initiatives such as the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations often fail to provide stakeholders with decision-useful information, as companies tend to highlight their sustainability successes rather than nature-related risks, found a study published on Monday.

Issuances of the lowest-quality credits have fallen by almost half so far this year as a total share of the market, although the grade continues to house the largest share of credits, according to a rating agency.

The chemical industry is calling for faster implementation of the European Green Deal after the 2024 EU Parliament elections, saying cheap and abundant renewable electricity will be the cornerstone of the industry’s ability to compete on the global stage in the 2030s.

The vessel, which sank off the coast of Canada in 1962, was used by the explorer on his final voyage to the continent

The wreck of the ship on which renowned Antarctic explorer Sir Ernest Shackleton died has been found off the coast of Labrador, Canada, searchers have announced.

Locating the Quest – a schooner-rigged steamship which sank on a 1962 seal hunting voyage – represents a last link to the “heroic age of Antarctic exploration”, said search leader John Geiger.

Continue reading...

Selling all the biodiversity net gain (BNG) units from one large conservation project in England could take up to a decade, if they trade at all, with the current system unable to drive large-scale landscape recovery on its own, a land manager has said.

European carbon prices were marginally higher at midday on Wednesday as early weakness was erased by gains in natural gas, while the weekly Commitment of Traders data showed that the aggregate net short position among investment funds continued to grow amid an overall reduction in exposure.

Wreck hunters find the ship on which famed polar explorer Ernest Shackleton made his final voyage.

New battery project next to one of Australia's oldest wind farms will be the first storage investment by the now Chinese owned company.

The post Construction begins on new big battery next to one of Australia’s oldest wind farms appeared first on RenewEconomy.

South Korea’s monthly CO2 permit auction on Wednesday was again oversubscribed, though the price outlook may remain bleak in the near term due to persistent low demand in the national carbon market.

Party has vowed to end sewage scandal if it wins power, but experts say it will have to act quickly and ambitiously

Since the UK’s general election was called, the Labour party has been seeking to capitalise on voters’ fury over the sewage filling England’s rivers and seas.

The debt-ridden, leaking, polluting water industry, owned largely by foreign investment firms, private equity and pension funds, has overseen decades of underinvestment and the large-scale dumping of raw sewage into rivers. It has become one of the touchstone issues of this election, with voters across the political spectrum angry at the polluting of waterways treasured by local communities. Groups have sprung up to look after rivers and lakes; protests pop up most weekends along the coast.

Continue reading...

Cocaine traffickers have put two-thirds of Central America’s key habitats for threatened birds under threat, study finds

Cocaine consumption is threatening rare tropical birds as narco-traffickers move into some of the planet’s most remote forests to evade drug crackdowns, a study has warned.

Two-thirds of key forest habitats for birds in Central America are at risk of being destroyed by “narco-driven” deforestation, according to the paper, published on Wednesday in the journal Nature Sustainability.

Continue reading...

New gigawatt scale wind project planned for cattle grazing land in central Queensland awaits EPBC decision.

The post RWE’s gigawatt scale wind project in Queensland awaits EPBC decision appeared first on RenewEconomy.

A Malaysian federal government fund has partnered with a Kuala Lumpur-based renewable energy company to explore the development of nature-based solutions (NbS) projects in the Southeast Asian country.

The committee steering Japan’s J-Credit programme is considering adding two new methodologies to the domestic voluntary programme, encouraging industrial companies to shift towards greener manufacturing processes.

In developing the framework to authorise Article 6 projects, the Philippines may allow developers to generate ITMOs as long as they also support the country in meeting its NDC by generating a secondary project for the domestic market.

Big batteries - acting as virtual transmission - can boost capacity of existing grids, compensate for project delays and to reduce impacts on regional communities.

The post Virtual Transmission: We need more battery storage to lift capacity of existing grid appeared first on RenewEconomy.

A developer of direct air capture (DAC) technology is partnering with a carbon storage business in the Mediterranean to use its technology to capture CO2 and store it in a saline aquifer off the shores of Greece.

Winning projects in latest Dutch "zero subsidy" offshore wind tender will include floating solar farms, artificial reefs and a green hydrogen facility.

The post Netherlands awards 4GW of offshore wind in zero-subsidy tender appeared first on RenewEconomy.