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Election diary: Joyce pledges $1.5 bn on gas, as modelling reveals why that’s a bad idea

RenewEconomy - Tue, 2022-04-12 14:57

Nationals leader, and deputy prime minister, Barnaby Joyce in parliament. (AAP Image/Lukas Coch)Nationals leader Joyce unveils $1.5 billion gas project as modelling reveals how much Australia's climate failure could cost the budget.

The post Election diary: Joyce pledges $1.5 bn on gas, as modelling reveals why that’s a bad idea appeared first on RenewEconomy.

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EnergyAustralia takes market control of another two big batteries in NSW

RenewEconomy - Tue, 2022-04-12 14:48

EnergyAustralia to take market control of another two big batteries in NSW as it expands its storage capacity ahead of more coal closures.

The post EnergyAustralia takes market control of another two big batteries in NSW appeared first on RenewEconomy.

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Massive Queensland renewable hydrogen hub wins key backer and offtaker

RenewEconomy - Tue, 2022-04-12 14:34

Agreement reached on a renewable hydrogen hub in Gladstone with capacity to produce 5,000 tonnes a day of green ammonia.

The post Massive Queensland renewable hydrogen hub wins key backer and offtaker appeared first on RenewEconomy.

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Australia’s climate failures could double spiralling debt costs, government modelling shows

RenewEconomy - Tue, 2022-04-12 12:52

Government modelling shows failure to act on climate change could add tens of billions of dollars a year to cost of servicing Australia's spiralling debt.

The post Australia’s climate failures could double spiralling debt costs, government modelling shows appeared first on RenewEconomy.

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Originator – Carbon Offsets Asia-Pacific, STX Group – Singapore

Carbon Pulse - Tue, 2022-04-12 12:31
STX Group is looking for an originator of carbon offsets in the Asia-Pacific.
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CP Daily: Monday April 11, 2022

Carbon Pulse - Tue, 2022-04-12 12:14
A daily summary of our news plus bite-sized updates from around the world.
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TagEnergy gets $660 million funding boost for wind and battery projects

RenewEconomy - Tue, 2022-04-12 12:01

TagEnergy lands $660 million in funds to develop 2GW of renewables and battery storage projects in Australia.

The post TagEnergy gets $660 million funding boost for wind and battery projects appeared first on RenewEconomy.

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POLL: Analysts nudge up 2022 EUA forecasts despite uncertainty, see bigger gains from 2023

Carbon Pulse - Tue, 2022-04-12 11:38
Analysts have nudged up their short- and medium-term EU carbon price forecasts despite the recent crash and ongoing geopolitical risk, while giving a bigger boost to their long-term outlook for EUAs due to more coal burn in Europe and increased policy certainty.
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Bluesource, Star Royalties announce scale-up in funding for ag sector VER programme

Carbon Pulse - Tue, 2022-04-12 06:17
North American carbon credit developer Bluesource and precious metals and green royalty and streaming investment company Star Royalties have announced a fourfold expansion of their plans to generate millions of voluntary emissions reductions (VERs) from a regenerative agriculture programme.
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The Morrison government wants farmers to profit from looking after the land – but will anyone want to pay?

The Conversation - Tue, 2022-04-12 05:57
A scheme devised by the Morrison government to protect biodiversity and create new income for farmers may fail in its aims. Felicity Deane, Associate Professor, Queensland University of Technology Licensed as Creative Commons – attribution, no derivatives.
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Chile announces unprecedented plan to ration water as drought enters 13th year

The Guardian - Tue, 2022-04-12 05:14

Rivers that supply Santiago with water are running low, forcing rotating cuts to different parts of the city

As a punishing, record-breaking drought enters its 13th year, Chile has announced an unprecedented plan to ration water for the capital of Santiago, a city of nearly 6 million.

“A city can’t live without water,” Claudio Orrego, the governor of the Santiago metropolitan region, said in a press conference. “And we’re in an unprecedented situation in Santiago’s 491-year history where we have to prepare for there to not be enough water for everyone who lives here.”

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C-Quest Capital secures Dutch funding to ramp up African cookstove offset portfolio

Carbon Pulse - Tue, 2022-04-12 05:02
Offset developer C-Quest Capital (CQC) has secured further investment to help scale its rollout of clean cookstoves across Sub-Saharan Africa, the company said on Monday.
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Canada’s provinces face pressure to increase carbon cost for industrials

Carbon Pulse - Tue, 2022-04-12 04:42
Canada’s industrial carbon pricing regulation is increasingly coming under the public spotlight for its low carbon costs, putting additional pressure on the federal government to increase ambition as provinces push for equivalency status ahead of key elections.
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French climate policy hangs in the balance following first presidential vote

Carbon Pulse - Tue, 2022-04-12 03:53
French energy and climate policy faces an uncertain future as the country opted to elect either Emmanuel Macron or Marine Le Pen as its next president in a first vote on Sunday, with neither candidate seen as having put forward manifestos that align with international climate targets.
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VCM Report: Nature-based VERs continue rebound after bearish ‘blip’ in March

Carbon Pulse - Tue, 2022-04-12 02:29
Prices for nature-based exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to rebound over the last week as buying interest remained strong for a second consecutive week in April after a bearish March.
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No 10 condemns ‘guerrilla tactics’ as Just Stop Oil activists block fuel depots

The Guardian - Tue, 2022-04-12 02:29

Shortages at filling stations reported as campaign obstructs deliveries from fuel terminals in England

Downing Street has condemned the “guerrilla tactics” of protesters who have blockaded fuel distribution terminals, as reports of shortages at petrol station forecourts spread and figures showed a fall in fuel deliveries.

Supporters of the Just Stop Oil campaign have taken action at 11 different fuel terminals in England since the start of the month, blockading and trespassing on sites to stop tankers entering, filling up or leaving to deliver fuel.

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NZ professor snorkels over Tonga volcano

BBC - Tue, 2022-04-12 00:59
Shane Cronin gets a close-up view of the underwater volcano that erupted spectacularly in January.
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Switzerland misses 2020 GHG target despite pandemic, relies on offsets for UN goal

Carbon Pulse - Tue, 2022-04-12 00:47
A coronavirus-induced drop in output wasn't enough to ensure Switzerland met its 2020 emission reduction target, according to the Federal Office for Environment, adding that the country will meet its international climate obligations once its offset purchases are taken into account.
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Call for renewable energy revolution to be at heart of election campaign

RenewEconomy - Tue, 2022-04-12 00:01

Clean Energy Council says strong clean energy policies will be key to Australia's future prosperity.

The post Call for renewable energy revolution to be at heart of election campaign appeared first on RenewEconomy.

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Euro Markets: Midday Update

Carbon Pulse - Mon, 2022-04-11 22:11
EUAs drifted lower in thin trade despite a strong auction as the Easter holiday period drained the market of liquidity, while energy markets were also weaker even as Japan sought to boost natural gas stocks and the risks of interruptions to Russian gas supplies remained elevated.
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