- Thu 05:35Four New Zealand generators have signed a non-binding term sheet to establish a strategic energy reserve centered on the 1200-MW Huntly power station, the largest coal-fired power plant in the country.
- Thu 05:00Insufficient government action to strengthen 2030 climate goals and submit ambitious 2035 targets is placing the Paris Agreement’s 1.5C warming limit at significant risk of long-term overshoot, according to a new assessment from a green group.
- Thu 04:28Foray – South Korean project developer Ecobio has teamed up with the government of Karakalpakstan, an autonomous republic of Uzbekistan, to promote GHG reduction projects based on waste resources and biogas energy development, according to Maeil Business Newspaper. They will work to commercialise the production of biogas using organic waste in Nukus, including livestock manure and agricultural by-products, secure a renewable energy supply chain, and expand their carbon credit business.
- Thu 04:26Power of tech – Seoul-based Global Green Growth Institute (GGGI) and South Korea's science ministry have signed a MoU to deepen international cooperation on climate change response through climate tech solutions, they announced Thursday. The two parties aim to establish a framework for leveraging Korea’s climate technologies and advance the deployment and scaling of public climate technologies in GGGI’s member states and partners. GGGI is also working with the South Korean government to develop a model framework and project methodologies for a high-integrity global voluntary carbon market aligned with the Paris Agreement’s Article 6.
- Thu 03:56Climate costs – Extreme weather events due to climate change will cost Australians A$8.7 bln ($5.6 bln) annually by 2050 unless action is taken now to address climate risks, according to a report by the country’s Climate Change Authority, released Thursday. Disasters in 2025 already have cost A$2.2 bln, the report said, with annual costs currently estimated to be around A$4 bln. Every dollar invested in reducing climate risk can avoid up to A$11 of recovery cost, the report said. The authority called on the government to make its forthcoming inaugural National Adaptation Plan a regular, legislated government responsibility, and to make appropriate investments in infrastructure and services, as well as ensure standards, regulations, and laws are suitable for a changing climate.
- Thu 03:30Mine craft – Mining firms and developers are willing to accept tougher conservations standards in exchange for a more efficient approvals process, AFR reported Australia’s environment minister Murray Watt as saying on Thursday. The minister reportedly said reforms to the Environment Protection and Biodiversity Conservation Act are linked with the re-elected Labor government’s productivity push, and that mining companies are ready to compromise. The EPBC reforms make up the third tranche of the so-called nature positive reforms, while the delayed second tranche – to establish federal environmental protection and information-gathering agencies – will also be revived, having been put on hold before the May 3 election.
- Brazil’s regional development ministry and a national bank signed Wednesday a memorandum of understanding (MoU) to explore and start technical training for the generation nature-based solution (NbS) carbon credits.
- Thu 01:08Redo Reynolds' veto – The Iowa House of Representatives advanced a petition on Tuesday calling for a special legislative session to override Governor Kim Reynolds' veto of a bill that would have restricted the use of eminent domain for CO2 pipelines. The effort is tied to opposition to the multi-state Summit Carbon Solutions pipeline, which received a lot and the right to eminent domain from state regulators in June 2024. The Iowa Senate will have to pass the petition to kick off the special session. (Iowa Capital Dispatch)
- Thu 01:01China's clean energy industries have the potential to double in value by 2035, but clear policy guidance is needed to unlock the sector's full potential, according to a new report.
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