Get ready for exponential change in the global energy landscape as a global tsunami of capital flows to support the science of climate change.
The post IEA’s simple message for Australia: No place for gas-fired recovery in net zero by 2050 appeared first on RenewEconomy.
Funding for restoration of peatlands and tripling of tree planting in England also announced
Sales of peat compost to gardeners will be banned from 2024, the government has said. Ministers will also give £50m to support the restoration of 35,000 hectares of peatland by 2025, about 1% of the UK’s total.
The UK’s peatlands store three times as much carbon as its forests. But the vast majority are in a degraded state, and are emitting CO2, which drives the climate crisis.Continue reading...
Governments must close gap between net zero rhetoric and reality, says International Energy Agency head
Exploitation and development of new oil and gas fields must stop this year and no new coal-fired power stations can be built if the world is to stay within safe limits of global heating and meet the goal of net zero emissions by 2050, the world’s leading energy organisation has said.
In its strongest warning yet on the need to drastically scale back fossil fuels, the International Energy Agency (IEA) also called for no new fossil-fuel cars to be sold beyond 2035, and for global investment in energy to more than double from $2tn (£1.42tn) a year to $5tn (£3.54tn) The result would not be an economic burden, as some have claimed, but a net benefit to the economy.Continue reading...
A major new report from the IEA highlights a potential pathway to net zero - and Australia will be a loser if it doesn't act soon.
The post IEA says net zero by 2050 within reach, but the world needs to do more appeared first on RenewEconomy.
Origin tells market operator that the first units of Eraring - Australia's biggest coal generator - will close in 2030 in a staged exit.
The post Origin to close first unit of Australia’s biggest coal generator in 2030 appeared first on RenewEconomy.
New analysis from BloombergNEF finds green aluminium is already cost competitive, and Australia could be a global superpower.
The post Green aluminium already cost competitive and huge opportunity for Australia appeared first on RenewEconomy.
Wind industry leaders say that despite hot investor appetite and lots of opportunity, developers are in "excruciating pain" trying to get projects online.
The post “Harder than ever” to build new wind farms in Australia, industry warns appeared first on RenewEconomy.
The days of a ‘set and forget’ bidding strategy are long gone in Australia in a rapidly changing market with more wind and solar.
The post Australia’s wind and solar farms seek to dodge negative prices and grid costs appeared first on RenewEconomy.
New "game-changing" technology could be the final technological step towards a fully recyclable wind turbine.
The post Vestas unveils new technology to recycle wind blades and stop dumping appeared first on RenewEconomy.
Which wind farms performed the best on spot prices, and revenue per megawatt of capacity in Australia's main grid.
The post Australia’s best performing wind farms in 2020 on spot prices appeared first on RenewEconomy.
German utility to consider earlier than planned shutdown of controversial coal-fired power plant after government sets higher emissions targets.
The post Uniper to consider early closure of controversial coal plant opened one year ago appeared first on RenewEconomy.
Trina Solar Australia assistant director and pillar of Australian solar industry, Govind Kant, 47, has died after contracting Covid19 in India.
The post “Huge loss:” Australian solar industry veteran Govind Kant dies from Covid in India appeared first on RenewEconomy.
JinkoSolar today announced that it was invited to participate in the panel discussion “Corporate Leadership: Getting On With Business” at 2021 Smart Energy Conference & Exhibition Australia.
The post RE100 signatory JinkoSolar launched Tiger 370W N-type panel at Smart Energy 2021 appeared first on RenewEconomy.
Plastic Waste Makers index identifies those driving climate crisis with virgin polymer production
Twenty companies are responsible for producing more than half of all the single-use plastic waste in the world, fuelling the climate crisis and creating an environmental catastrophe, new research reveals.
Among the global businesses responsible for 55% of the world’s plastic packaging waste are both state-owned and multinational corporations, including oil and gas giants and chemical companies, according to a comprehensive new analysis.Continue reading...