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To triple transmission capacity, landowners and neighbours need to be paid more

RenewEconomy - Tue, 2022-05-31 10:31

electricity network AEMC two-sided market demand response poles and wires - optimisedWhy should wind and solar farm hosts be paid much more than hosts of the transmission lines running from those wind and solar farms?

The post To triple transmission capacity, landowners and neighbours need to be paid more appeared first on RenewEconomy.

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COMMENT: Carbon markets – how to stop worrying and COPe with change

Carbon Pulse - Tue, 2022-05-31 09:45
Recent actions by Indonesia and Papua New Guinea to pause the authorisation of new voluntary carbon market (VCM) credits represent the start of country level accounting impacting the VCM, as the mechanisms laid out in Article 6 of the Paris Agreement begin to be implemented, writes Sebastien Cross of ratings firm BeZero Carbon.
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Brazil’s sectoral climate plan to spur domestic offset demand, say developers

Carbon Pulse - Tue, 2022-05-31 09:15
The Brazilian government's bottom-up sectoral climate plan is set to drive domestic demand for offsets despite many details that are yet to be made clear, carbon project developers told Carbon Pulse.
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Australia hits record high wind output, offering some relief from soaring market prices

RenewEconomy - Tue, 2022-05-31 08:44

Australia set a new record high for wind output early on Tuesday morning, bringing at least temporary relief from absurdly high electricity prices for some states.

The post Australia hits record high wind output, offering some relief from soaring market prices appeared first on RenewEconomy.

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Why Australia needs to create a renewable storage target

RenewEconomy - Tue, 2022-05-31 08:01

big battery tesla Neoen VictoriaNew report argues that Labor should focus less on poles and wires and more on putting together a national storage target to support the renewables transition.

The post Why Australia needs to create a renewable storage target appeared first on RenewEconomy.

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NGO report casts doubt over Qatar football World Cup carbon neutral claims

Carbon Pulse - Tue, 2022-05-31 08:00
The FIFA football World Cup to be held in Qatar in late 2022 aims to be the first to be carbon neutral, according to the event’s organisers, but a green group report published Tuesday argues that emissions may have been understated and the carbon credits used are unlikely robust enough.
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The real climate wars are only just getting started

RenewEconomy - Tue, 2022-05-31 07:13

What are the climate wars? There has been bipartisan agreement to not act sufficiently on climate between major parties. They're at peace. We are not.

The post The real climate wars are only just getting started appeared first on RenewEconomy.

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Tapping mineral wealth in mining waste could offset damage from new green economy mines

The Conversation - Tue, 2022-05-31 06:32
Environmentalists are worried the shift to green energy means damage from more mines. But it doesn’t have to be this way. Anita Parbhakar-Fox, Principal Research Fellow/ Group Leader- MIWATCH, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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EU leaders line up deal to ban all seaborne Russian oil, opposition builds to MSR sale idea

Carbon Pulse - Tue, 2022-05-31 05:35
EU leaders gathered on Monday aiming to strike a partial deal banning Russian oil imports amid resistance from Hungary, while sources said as many as nine member states could already oppose MSR sale plans that are due to be discussed Tuesday. 
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Extend life of Hinkley Point B reactor to avert blackout risk, say experts

The Guardian - Tue, 2022-05-31 03:58

Ministers are running out of time to persuade EDF to apply for postponement of shutdown, say industry insiders

Ministers have just weeks to intervene to extend the life of the Hinkley Point B nuclear power station, industry sources have warned, as officials raise concerns over the danger of blackouts this winter.

The two reactors of the Somerset nuclear power station are due to be shut down on 8 July and 1 August, removing nearly a gigawatt of power generation capacity from the UK’s system – enough to power 1.5m homes – and as the nights draw in, the war in Ukraine is expected to weigh heavily on electricity supplies.

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VCM Report: VER price slump continues as market shrugs off Verra token decision

Carbon Pulse - Tue, 2022-05-31 02:56
Key standardised prices for technology voluntary emissions reductions (VERs) failed to gain for an eighth consecutive week, while nature credits moved sideways amid a dearth of buyers, as participants dismissed the potential for Verra's ban on tokenising retired units to significantly shift prices.
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Queen’s jubilee tree planting sponsors ‘linked to deforestation’

The Guardian - Tue, 2022-05-31 02:54

Queen’s Green Canopy scheme’s ‘platinum supporters’ include firms that have been connected to environmental harm, say campaigners

The Queen’s jubilee tree planting scheme has been sponsored by companies with links to deforestation, say campaigners.

Across the country, people have been asked to “plant a tree for the jubilee” in honour of the Queen’s 70 years on the throne.

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Norwegian companies ‘greenwashing’ by mistake, finds report

Carbon Pulse - Tue, 2022-05-31 02:47
There are likely no Norwegian companies with significant CO2 emissions that are climate neutral currently, although the firms have not been deliberately greenwashing, a report claimed Monday in findings that reflect the uncertainty faced by companies worldwide in implementing climate strategies.
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Australian carbon group puts ACCU exports back on agenda, urges govt rethink of Safeguard credits

Carbon Pulse - Tue, 2022-05-31 02:01
An industry group representing Australian’s carbon market industry on Tuesday outlined its list of priorities for the newly elected Labor government, including opening up to exporting ACCUs and reconsidering the need for introducing a new credit type for Safeguard Mechanism companies.
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Greenhouse gas removal ‘not a silver bullet to achieve net zero’

The Guardian - Tue, 2022-05-31 00:00

UK scientists say carbon capture is ‘hard and expensive’ and focus must be on reducing emissions

Many of the UK’s top scientists working on carbon capture technologies do not believe they will be developed and scaled up in time to reach net zero and limit global heating to 1.5C.

Experts speaking at a Greenhouse Gas Removal Hub event in London warned that these techniques, including direct air capture, biofuels, biochar, afforestation and advanced weathering, are not a silver bullet and should make up just a fraction of the efforts to decarbonise.

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Malaysian stock exchange teams up with Verra for voluntary market launch

Carbon Pulse - Mon, 2022-05-30 23:59
Malaysia’s stock exchange has teamed up with carbon credit standard manager Verra ahead of the launch of a domestic voluntary carbon market in the Southeast Asian nation later this year.
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Ailing orca lost in France’s River Seine dies after failed rescue bid

The Guardian - Mon, 2022-05-30 21:47

Terminally ill and disorientated orca believed to have been suffering from disease not before seen in Europe

An ailing orca adrift in the River Seine has been found dead after a plan to guide it back to sea failed and scientists concluded it was in agonising pain and terminally ill.

The local French prefecture had said the orca, also known as a killer whale, would be euthanised to end its suffering.

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Euro Markets: Midday Update

Carbon Pulse - Mon, 2022-05-30 21:45
EU carbon was little changed in very thin trade on Monday morning as traders dialled down activity amid holidays and an EU summit where leaders were expected to discuss energy and a proposal to auction EUAs from the market stability reserve.
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China to back continued use of renewables-based offsets in ETS

Carbon Pulse - Mon, 2022-05-30 21:32
China’s central government will support the use of carbon credits from “qualified” new energy projects in its emissions trading scheme, it said on Monday, though without clarifying exactly which projects would qualify.
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Harmful bacteria survives longer on plastic Scottish beach waste

BBC - Mon, 2022-05-30 20:52
Researchers say bacteria such as E. coli stays attached to plastic longer than natural material.
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