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Researchers say world has enough fossil fuel projects planned to meet demand forecasts to 2050 if net zero is reached

The world has enough fossil fuel projects planned to meet global energy demand forecasts to 2050 and governments should stop issuing new oil, gas and coal licences, according to a large study aimed at political leaders.

If governments deliver the changes promised in order to keep the world from breaching its climate targets no new fossil fuel projects will be needed, researchers at University College London and the International Institute for Sustainable Development (IISD) said on Thursday.

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Article 6 negotiators and voluntary carbon market (VCM) standards could justifiably exclude some renewable energy projects out of hand due to additionality hazards, but others require careful case-by-case consideration, say watchdogs and stakeholders who spoke to Carbon Pulse.

Verra has extended the suspension of Rimba Raya’s registry account amid continuing uncertainty about the future of the voluntary carbon REDD project in Indonesia, it told Carbon Pulse Thursday.

Policy credibility is crucial for carbon prices in the EU Emissions Trading System to be high enough to efficiently incentivise emission reductions in the long term, according to a study published in Nature Energy.

Weak carbon pricing in the EU Emissions Trading Scheme (ETS) is continuing to limit the incentive for polluters to decarbonise, according to a new report published Thursday.

Saudi Arabia will fund Kenya's planned switch to cooking with liquefied petroleum gas (LPG) stoves instead of those burning firewood, charcoal, and kerosene in return for carbon credits, according to local media sources.

An environmental impact platform and a payments network have closed their call for proposals set to identify innovative finance projects, saying they seek to fund initiatives in the emerging biodiversity credit market.

Swedish company Qarlbo Biodiversity has revamped the methodology that saw a local bank last year pick up Europe’s first voluntary biodiversity credits and on Thursday announced five new pilot projects along with plans to invest in projects globally.

Sudden cut in pollution in 2020 meant less shade from sun and was ‘substantial’ factor in record surface temperatures in 2023, study finds

The slashing of pollution from shipping in 2020 led to a big “termination shock” that is estimated have pushed the rate of global heating to double the long-term average, according to research.

Until 2020, global shipping used dirty, high-sulphur fuels that produced air pollution. The pollution particles blocked sunlight and helped form more clouds, thereby curbing global heating. But new regulations at the start of 2020 slashed the sulphur content of fuels by more than 80%.

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The Nationals MP is against RM Williams owner Andrew ‘Twiggy’ Forrest’s renewables projects – so why wear Ariats?

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Earlier today, as I was reverse Google image searching a picture of Barnaby Joyce’s feet, I wondered if I was perhaps taking this too seriously.

The National party MP has been attending parliament without his habitual RM Williams boots in protest against the owner of the classic Australian fashion brand, Andrew “Twiggy” Forrest, whose company Squadron Energy is building wind and solar developments across New South Wales and Queensland, including in Joyce’s electorate of New England.

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The latest Convention on Biological Diversity (CBD) negotiations in Nairobi, Kenya wrapped up on Wednesday with limited progress on key topics on the agenda, as much work remains to be done at this year's UN biodiversity summit.

A Canadian group of risk experts have called on the country’s government, regulators, and business leaders to ensure their climate risk frameworks include nature-related issues.

NSW formally opens its biggest tender for battery storage, and for access rights to the coveted south-west renewable energy zone.

The post NSW formally opens its biggest energy storage tender amid questions over duration appeared first on RenewEconomy.

Days after getting the hurry along in Senate Estimates, federal Labor's Home Energy Upgrades Fund is a go, with a first allocation to discounted green loans through Plenti.

The post Home energy upgrade plan finally kicks off, with $60m of low cost loans for solar, batteries and electrification appeared first on RenewEconomy.

Buy voluntary carbon credits today because the debate over whether they could be valuable has ended, according to a large investment bank.

Large economies are relying heavily on carbon removals in their national climate plans to avoid making deep and immediate emissions cuts, which risks prolonging fossil fuel use and jeopardising Paris Agreement goals, according to a report published Thursday.

While clean technologies like electric vehicles and heat pumps may require higher upfront funding than fossil fuels, their low running costs make them a cheaper option for consumers in the long term, making the green transition fairer than the status quo, the International Energy Agency (IEA) said in a new report.

The bipartisan proposal that would remediate farms affected by toxic PFAS contamination is gaining speed in Congress

The US may soon bail out farmers whose livelihoods were destroyed by toxic PFAS “forever chemical” contamination.

The proposal for a $500m fund aims to head off a crisis for the nation’s growers and is moving through Congress amid increasing evidence that PFAS-contaminated sewage sludge used as a cheap fertilizer alternative poisoned crops and livestock. Separately, around 4,000 farms nationwide have been contaminated by PFAS from neighboring military bases.

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European carbon prices struggled for direction on Thursday, moving in a thin range for most of the morning before a picking up in the hour leading up to midday, as the market continued to digest weekly investor data published Wednesday and broadly sideways gas movements also failed to offer a clear signal.

Trading biodiversity credits through agents, rather than directly from project developers, would create more obstacles for the market to overcome, data provider CDC Biodiversite has said.