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A raft of government and energy company announcements have changed the course of Australia's coal exit. Rystad Energy crunches the numbers.

The post Chart of the Day: Australia’s coal power crunch appeared first on RenewEconomy.

The Australian government has announced an extra A$200 million to go towards protecting The Great Barrier Reef – a portion of which will go towards blue carbon restoration projects in the area.

"This is not a government that seeks to turn back time." NZ targets 50% renewables for total final energy consumption by 2035.

The post NZ sets target of 50 pct renewables for final energy consumption by 2035 appeared first on RenewEconomy.

Subsidies are often a policy go-to for governments wanting to encourage more climate-friendly behaviours. But they should be used with caution. Andrea La Nauze, Lecturer, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

Victoria assumes more than half of the investment in its 95 per cent renewables target will be in offshore wind, with little in utility scale solar.

The post Victoria counts on $30 billion of offshore wind, not much solar, to replace coal appeared first on RenewEconomy.

Energy minister Lily D’Ambrosio on Victoria’s ambitious switch to renewables and coal exit. Plus: Labor’s Rewiring the Nation and a multitude of new wind and storage projects.

The post Energy Insiders Podcast: Victoria’s big switch to 95 pct renewables appeared first on RenewEconomy.

Imagine if you had to go through puberty four or five times, with each bodily change more dramatic than the last. Then you’d have a pretty good understanding of what it’s like to be an eel. Kylie Soanes, Postdoctoral Fellow, School of Ecosystem and Forest Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

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

California Carbon Allowance (CCA) and RGGI Allowance (RGA) prices gave back most of last week’s gains, falling back in step with broader market weakness after two weeks of respite from nearly two months of declining price action.

A huge marine reserve in the Pacific Ocean has benefits for both fish and fishers, scientists say.

Environmental markets platform IncubEx has hired another trading expert formerly with rival ICE.

An agricultural carbon removals startup has raised over $6 million in seed funding to scale up its business of using volcanic rock dust to capture CO2 and improve crop yields.

ARENA pledges $45 million in grants for world-leading proposal to use compressed air storage in huge Broken Hill renewable micro-grid plan.

The post ARENA backs world-leading 1600MWh compressed air storage plan for Broken Hill appeared first on RenewEconomy.

Both the voluntary carbon market (VCM) and international carbon trading under the Paris Agreement should be leveraged for their potential to drive private sector capital towards GHG mitigation, US climate experts said during a summit on Thursday.

EU leaders gathered for two-day talks in Brussels on Thursday seeking to debate new energy price-taming measures, with an idea for larger REPowerEU funding getting little attention as negotiations were set to continue late into the night.

Ireland intends to source both intergovernmental EU carbon units and international offset credits to meet its non-ETS EU emissions obligations, after EU data published this week revealed the nation as the only member state with a major shortfall for 2020.

For descendants of those stolen, restoring a special family place enables them to reconnect to the past, to people and identity. Alison Lullfitz, Research Associate, The University of Western Australia Eliza Woods, Goreng Noongar Elder and cultural research collaborator, Indigenous Knowledge Elsie Penny, Goreng Noongar woman, Indigenous Knowledge Eugene Eades, Goreng Noongar Elder and leader, Indigenous Knowledge Jeremy Lacco, Goreng man, Indigenous Knowledge Licensed as Creative Commons – attribution, no derivatives.

Quinbrook and Primergy choose CATL to provide batteries for massive Gemini solar and storage project in Las Vegas, the largest of its type in the US.

The post CATL signs massive battery supply agreement for Las Vegas solar and storage project appeared first on RenewEconomy.

Zen Energy aims for tenfold lift in customer sales, largely through solar and battery storage, and commits to net zero Scope 1 and Scope 2 emissions by end of 2023.

The post Zen Energy shoots for ten fold leap in market share with focus on solar and battery storage appeared first on RenewEconomy.

The European Parliament passed a resolution on Thursday urging member states to raise the EU's 2030 emissions reduction target and disburse more money to developing countries starting this year.