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CLARIFICATION – EU publishes EUA auction totals for 2024, holds back from announcing September-December standard volumes
The European Commission has published projected EUA auction volumes for 2024, including allowances that will be sold to generate funds for the REPowerEU initiative.
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Egyptian parliament proposes, falters on carbon pricing as COP27 presidency nears end
The Egyptian Senate has wrapped up several days of deliberations on whether to establish carbon pricing in the country, with the government approaching handover of its year-long presidency of the UN climate negotiations with little sign of progress on its pledges for the topic.
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Iceland: Helicopter footage shows giant cracks in earth
BBC correspondent flies over the Reykjanes Peninsula, where volcanic activity has been concentrated.
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Australia has everything battery storage needs, except the ability to make them at scale
Australia could support up to five giga-factories, just for domestic energy storage and commercial electric vehicles.
The post Australia has everything battery storage needs, except the ability to make them at scale appeared first on RenewEconomy.
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Climate targets that rely heavily on carbon removals may break international law, says new research
Countries that set climate targets that depend heavily on the removal of carbon dioxide could be breaking international law given both the uncertainties when it comes to the technology and the potential detraction from making cuts to emissions, according to new research.
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5 things we need to see in Australia's new nature laws
A group of prominent environmental scientists devised this list of 5 things we must see in Australia’s new national environmental laws, if we are to avoid calamity and hasten recovery.
Euan Ritchie, Professor in Wildlife Ecology and Conservation, School of Life & Environmental Sciences, Deakin University
Jack Pascoe, Research fellow, The University of Melbourne
Kirsty Howey, Charles Darwin University
Terry Hughes, Distinguished Professor, James Cook University
Yung En Chee, Senior Research Fellow, Environmental Science, The University of Melbourne
Licensed as Creative Commons – attribution, no derivatives.
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EU agrees to strengthen environmental crime laws with broader coverage, stricter sanctions
The EU has provisionally agreed to update its environmental crimes and sanctions rules, with Parliament and Council negotiators clinching a deal to introduce an updated list of offences and related sanctions.
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Protracted CORSIA approval process for eligible carbon credits gives ICE early edge
ICAO’s slow burn in announcing the standard bodies eligible for the next phase of its CORSIA aviation offsetting mechanism may have opened the door for exchange ICE to steal a march in the race to become the dominant hedging instrument provider for correspondingly adjusted carbon credits.
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Verra seeks consultant for “pioneering” GHG accounting methodologies in food systems
Environmental standard-setter Verra is inviting proposals for a consultant to develop two "pioneering" greenhouse gas accounting methodologies focused on sustainable food systems.
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Biodiversity Pulse: Thursday November 16, 2023
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
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EU co-legislators strike deal on energy market, proceed with redesign
EU co-legislators reached a provisional deal on Thursday on a bill to enhance the transparency of the bloc's rapidly decarbonising energy market and met for a second time to talk about a related bill for shielding citizens from higher energy prices.
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US DOE grants $4.3 mln for assessing feasibility of CO2 storage hub in Virginia
The US Department of Energy (DOE) on Wednesday granted nearly $4.3 million to the Virginia Department of Energy to assess the site feasibility and commercial viability of a CO2 storage hub project in a local county.
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Canadian carbon removals developer announces C$75 mln fundraise
A Montreal-based carbon removals developer has announced a Series A funding round of C$75 million ($54.5 mln) to advance its goal of a billion tonne-scale project in Canada.
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EU to renew glyphosate approval for a decade despite divisions
The EU will extend for 10 years authorisation for the use of glyphosate, the European Commission said on Thursday, exercising its default power after member states failed to agree.
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Article 6 body unanimously agrees crediting methodology guidance in last-ditch talks before COP28
The UN body responsible for guiding which projects may be credited under Article 6 of the Paris Agreement has unanimously agreed to its methodology recommendations after two years of intense discussion, just in time to forward its guidance document to country negotiators at COP28.
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US chemical carbon conversion company raises $5 million
A Washington-based company reducing the carbon intensity of feed, fibers, fuel, and fertiliser by converting recycled CO2 has received $5 million in seed funding from four investors, it announced on Thursday.
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Precision agriculture firm preserves 1,200 species in one year, US asset manager says
A company working in precision agriculture helped avoid the loss of 1,216 species worldwide throughout 2022, US-headquartered asset manager Federated Hermes has suggested.
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NGO slams latest text being considered for EU’s carbon removals bill
NGOs have said they have “serious concerns” with a text being considered for adoption by member states on the bloc's new legislation aiming to define how to certify carbon removals, they said in a letter published on Thursday.
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Over 140 fossil fuel and chemical company lobbyists at global plastic treaty negotiations, report finds
Some 143 fossil fuel and chemical industry "lobbyists" have registered to attend the global plastic treaty negotiations in Kenya, according to a non-profit concerned that the delegates will exert an undue influence upon the proceedings and force lower ambition.
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Ukrainian energy minister says country may need EU’s help with power supplies this winter
Ukraine’s deputy energy minister said on Thursday that the country’s electricity grid may need additional inputs from the EU this winter to prevent blackouts, adding that the embattled nation's power sector is shaping up in the hope of EU accession.
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