Around The Web

Andrew Forrest's green energy play Fortescue Future Industries names RBA deputy governor as its new chief financial officer.

The post Fortescue Future Industries poaches RBA’s chief climate warrior as new CFO appeared first on RenewEconomy.

Appeal to Australian rooftop solar installers, spooked by forecasts of a contracting market and global supply-chain problems, to stay in the business.

The post “Don’t walk away from the solar industry:” Opportunities ahead for rooftop PV, says analyst appeared first on RenewEconomy.

Regulator intervenes to ensure carbon traders share 'windfall' profits from ERF changes, but the price has plunged and industry is angry about lack of consultation.

The post Regulator steps in to ensure carbon traders share windfalls, but price plunges again appeared first on RenewEconomy.

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

Germany's Green Party calls for doubling down on energy transition efforts – and to adopt "Tesla speed" as it shifts away from Russian fossil fuels.

The post “We cannot continue at our dozy pace:” Germany says it must transition at “Tesla speed” appeared first on RenewEconomy.

This is Lismore’s second natural disaster in five years. The Coalition government doesn’t care about us

• Scott Morrison circus fails to impress Lismore, a town that has lost everything

This time was going to be different; we were prepared. I felt proud of us as I witnessed the entire Lismore CBD packing up, lifting things to above the 12.12m record, ready to brace for what happened just under five years ago. We all had a flood plan. We moved our cars higher up. But this time was different: it broke all records, and it’s broken our town.

A friend said to me as I plugged my phone into my emergency power pack, taking refuge in the roof cavity of my home in South Lismore: “Don’t worry mate, the army have arrived, shouldn’t be too long.”

Continue reading...

A major Pakistan-based blue carbon project has agreed to sell 3 million carbon credits to a group of buyers in the first tranche of units from the world’s biggest mangrove restoration programme.

Egypt is forging closer ties with US energy majors Chevron and ExxonMobil ahead of its November hosting of COP27 UN climate negotiations, the nation’s energy minister told a conference on Wednesday while speaking of his plans to export clean hydrogen to Europe.

Australia has been through worse, Chris Kenny contends, while Andrew Bolt suggests global heating is ‘brilliant for farmers’

• Temperature Check is a weekly column examining claims about climate change made by governments, politicians, business and in the media. See the latest column and follow the series here
• Get our free news app; get our morning email briefing

Floods and their causes are complicated and there has been a clamour for answers from Australians over the role global heating could have played in the devastation left along the east coast this week.

But one thing several of Australia’s conservative commentators are sure about is that the climate crisis had nothing to do with it.

Continue reading...

Hill’s horseshoe bat, which conservationists feared was extinct, discovered clinging to life in Nyungwe rainforest

A critically endangered species of bats not sighted in 40 years has been found in Rwanda, with the “incredible” discovery delighting conservationists who had feared it was already extinct.

But the Hill’s horseshoe bat was in fact still clinging to life in Rwanda’s Nyungwe forest – a dense rainforest that is home to endangered mountain gorillas – the consortium behind the discovery said.

Continue reading...

*PREMIUM LISTING - The VCS Program provides methodologies that support REDD+ projects. The VCS Jurisdictional and Nested REDD+ (JNR) Framework is the world’s first accounting and verification framework for jurisdictional REDD+ programs and nested projects. Verra is looking for a technical specialist to support our REDD+ project and program development work.

California Low Carbon Fuel Standard (LCFS) prices tumbled to new four year-lows this week as traders noted credit values were converging with those of Oregon’s Clean Fuels Program (OCFP).

The collapse in European carbon prices over the last two weeks has revived the debate over the impact of speculative traders on the market, as analysts suggest that the record drop in EUAs far outstretches any likely fundamental, long-term impact from the conflict in Ukraine and its knock-on effect on energy prices.

California regulator ARB minted just over 200,000 new compliance offsets this week, with the forestry protocol accounting for much of the new issuance, according to agency data published Wednesday.

US President Joe Biden said on Tuesday that the nation’s ban on Russian oil and gas would cost Americans even as the administration’s plan to protect consumers from price spikes is well underway, while the plan itself appears to diverge on short and long term objectives with respect to climate targets.

AGL shareholders will soon be asked to assess the value of the proposed demerger. But they might not have much to go on.

The post What value coal? AGL’s demerger looks to divide without conquering appeared first on RenewEconomy.

Parts of southeast Australia are inundated yet again. Clearly, short-term weather forecasts are not enough to protect communities in times like these. Mark Gibbs, Leader of the Knowledge to Innovation team, Institute for Future Environments and Science and Engineering Faculty, Queensland University of Technology Licensed as Creative Commons – attribution, no derivatives.

The global CO2 price floor set out by the International Monetary Fund (IMF) last year would need to overcome several key obstacles such as scalability and international consensus before implementation, a roundtable heard Wednesday.

One in 1,000 years style descriptions apply to probabilities that don’t change. The likelihood of severe floods is increasing. John Quiggin, Professor, School of Economics, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

More than a million single-use grills end up in UK landfill each year

Waitrose and Aldi are to stop selling disposable BBQs because of their impact on the natural environment and wildlife.

As the weather gets hotter, British people flock to the supermarket to buy the foil devices so they can sit in parks or gardens and sizzle sausages.

Continue reading...