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EU Market: EUAs crash 10% from session high as supply boost sees rally unravels
Our energy market was never fit for purpose, because it was obsessed only with price
Our electricity market was never fit for purpose, and the barriers to fundamental change are challenging and deeply ingrained in energy culture.
The post Our energy market was never fit for purpose, because it was obsessed only with price appeared first on RenewEconomy.
Floating wind farms to take centre stage with 70GW planned by 2040
Carbon Trust report finds floating wind capacity could increase to 10.7GW by 2030 and to 70GW by 2040, with as much as 3GW being installed annually between 2030 and 2040.
The post Floating wind farms to take centre stage with 70GW planned by 2040 appeared first on RenewEconomy.
Frustration grows over delayed release of review into Australia's environmental laws
‘Questions naturally arise’ about review’s independence, environmental group says
Environment groups are increasingly anxious and frustrated as they wait for the release of an interim report from a review of Australia’s national environmental laws.
The review’s chair, the former competition watchdog head Graeme Samuel, handed his report to the environment minister, Sussan Ley, almost three weeks ago.
Continue reading...Incoming EU presidency will aim for 55% GHG target, says German economy minister
Summers could become 'too hot for humans'
British Columbia eases this year’s LCFS target as it extends programme to 2030
Greta Thunberg calls for immediate action on 'existential crisis' of climate emergency – video
Greta Thunberg has urged European leaders to take immediate action on the climate and ecological emergency in a letter she wrote together with some of the world’s leading scientists.
Thunberg said that the coronavirus crisis and the climate crisis could not be addressed as one and the same. She said coronavirus was a ‘tragedy’ and had ‘no positive effects on the climate’
Continue reading...Experts and investors call for Energy COAG to accelerate energy market reforms
Energy experts and investors call for clean energy market reforms to be accelerated in an open letter before COAG energy ministers meeting.
The post Experts and investors call for Energy COAG to accelerate energy market reforms appeared first on RenewEconomy.
TransGrid plan to manage New England REZ grid connections receives ARENA backing
TransGrid to prepare plan for network investment and grid connections in newly announced New England Renewable Energy Zone with the aid of a $1m ARENA grant.
The post TransGrid plan to manage New England REZ grid connections receives ARENA backing appeared first on RenewEconomy.
The US is headed for climate disaster – but Joe Biden's green plan might just work | Art Cullen
Biden’s $2tn green agriculture plan is ambitious but realistic. That’s important, because everything is riding on it
The world’s food supply is imperiled by a climate crisis already upon us, and Joe Biden this week put forward an agenda to address it that’s as bold as you could hope from a man who actually intends to get elected.
Related: Biden unveils $700bn 'buy American' proposal to revive US industry
Continue reading...Solar Orbiter: Sun probe's first images reveal small 'camp fires'
EU lawmakers urge leaders to earmark ETS revenues to the bloc’s budget
Tesla Model Y electric crossover SUVs land in NZ. Is Australia next?
So close... and yet so far. Three Tesla Model Y SUVs – not yet available to order in Australia or New Zealand – arrive in Auckland for reasons unknown.
The post Tesla Model Y electric crossover SUVs land in NZ. Is Australia next? appeared first on RenewEconomy.
Director of Portfolio Management, Carbon Offsetting, Climate17 – London
Carbon and LCA Consultant, Climate17 – London
Pandemic shows climate has never been treated as crisis, say scientists
Letter also signed by Greta Thunberg urges EU leaders to act immediately on global heating
Greta Thunberg and some of the world’s leading climate scientists have written to EU leaders demanding they act immediately to avoid the worst impacts of the unfolding climate and ecological emergency.
The letter, which is being sent before a European council meeting starting on Friday, says the Covid-19 pandemic has shown that most leaders are able to act swiftly and decisively, but the same urgency had been missing in politicians’ response to the climate crisis.
Continue reading...North Atlantic right whales now officially 'one step from extinction'
International Union for the Conservation of Nature’s Red List changes ocean giants’ status to ‘critically endangered’
With their population still struggling to recover from over three centuries of whaling, the North Atlantic right whale is now just “one step from extinction”, according to the International Union for the Conservation of Nature (IUCN). The IUCN last week moved the whale’s status on their Red List from “endangered” to “critically endangered” – the last stop before the species is considered extinct in the wild.
The status change reflects the fact that fewer than 250 mature individuals probably remain in a population of roughly 400. While grim, scientists and conservationists expressed hope that this move may help speed up protections for these dwindling giants.
Continue reading...Health care has a huge environmental footprint, which then harms health. This is a matter of ethics
New Zealand turns to clean energy to cut government emissions
The NZ government will invest in solar, biomass and heat pump technology as well as electric vehicles as part of a "clean-powered public service" plan.
The post New Zealand turns to clean energy to cut government emissions appeared first on RenewEconomy.