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

On the one hand, there are some pretty neat features of the legislation. On the other, Safeguard has some eerie parallels to the subprime mortgage crisis.

The post Safeguard Mechanism: The good, the bad and the downright ugly appeared first on RenewEconomy.

Federal energy minister seeks to downplay power price fears, and provides some nuggets to feed the gas industry chooks.

The post Bowen plays down power price fears, fans flames of hope and hype from gas lobby appeared first on RenewEconomy.

WA renewable hydrogen project reaches critical milestone, securing more than its needed supply of water for stage one of the project.

The post Remote renewable hydrogen project reaches critical milestone with water supply deal appeared first on RenewEconomy.

EnergyAustralia shifts to a new, more future focused billing and data platform for its zero upfront cost solar and battery offering, Solar Home Bundle.

The post EnergyAustralia finds smarter platform for zero down home solar and battery offering appeared first on RenewEconomy.

NSW is launching a new tender - likely for a big battery - focused on the "firming" gap created by the planned retirement of Australia's biggest coal generator.

The post Another big battery wanted to help replace Australia’s biggest coal generator appeared first on RenewEconomy.

Jacinda Ardern called climate change the ‘nuclear-free moment’ of her generation. Her replacement doesn’t seem so sure

Chris Hipkins loves to cycle.

New Zealand’s newish prime minister, who stepped into the job after Jacinda Ardern’s shock resignation earlier this year, has been pedalling the 30km from his home in Upper Hutt to parliament for years. It’s not a particularly safe route, with many sections where Hipkins would be riding right alongside 100kmh traffic. It’s this kind of danger that stops cycle commuting from being particularly mainstream – just 2% commuted by bike at the last census – but this is far from a political priority for Hipkins. He loves to cycle, but the main thing he wants to do is win.

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Numbers of migratory swans are on the rise, giving hope that declines in nature can be reversed.

They are carrying out detailed assessments of why so many buildings collapsed.

Almost 4,000 Australian plant species have never been photographed in the field, particularly in remote corners of the country. Without a proper record, they could die out without us even knowing. Thomas Mesaglio, PhD candidate, UNSW Sydney Hervé Sauquet, Senior Research Scientist, Royal Botanic Gardens Sydney and Adjunct Associate Professor, UNSW Sydney Will Cornwell, Associate Professor in Ecology and Evolution, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Australian carbon accounting outfit teams with Schneider Electric to create software that allows businesses to track their full carbon footprint.

The post New carbon accounting tool takes aim at elusive Scope 3 emissions appeared first on RenewEconomy.

A Paris-based hedge fund on Monday announced an equity investment into a new platform that will generate carbon removal credits from soil-based climate practices.

RGGI Allowance (RGA) values held steady over the majority of the week and immediately after member states published the March auction result, but briefly collapsed to near six-month lows on Monday as traders went risk-off following the recent collapse of two US-based financial institutions.

Growing meat in vats could help us prepare for climate change - and curb the environmental damage done by traditional meat. But only if we can scale it up. Bianca Le, Honorary Fellow, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Standardised and over-the-counter offset prices generally edged lower over the past week to extend a trend amid a continued dearth of activity in the market, and a continued build-up of surplus credits.

The European Commission has brought forward plans to present the its revised Electricity Market Reform to proposal to Tuesday, according to a Commission spokesperson on Monday, a date two days earlier than previously had been foreseen. 

President Biden approves an $8bn oil drilling project, in a move that has angered climate activists.

While public, private, and hybrid efforts are emerging that seek to better govern climate-related claims, currently the engagement of companies in voluntary carbon markets is greatly hampered by the lack of understanding and clarity around the types of claims that can be accurately and credibly made when integrating carbon credits into corporate climate strategies. A recently published academic paper seeks to review and define the core elements of such claims.

Environmental campaigners furious Alister Jack intends to deny trade exemption for bottle recycling proposals

Blocking the Scottish deposit return scheme for bottles would be an environmental travesty, campaigners have said, in a growing backlash to the UK government plans to undermine the project.

The charity City to Sea, which has been pushing for a deposit return scheme (DRS) to tackle plastic pollution, said the UK government could have avoided the clash with Scotland by working with the devolved countries to deliver a unified deposit scheme years ago. Instead Westminster had repeatedly delayed its own deposit scheme, which was only coming into force in 2025 – seven years after it was first promised by ministers.

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Annual coal burn in Turkey jumped 10% year-on-year in 2022 to hit a new annual record, according to generation data published Monday by an environmental think-tank, with Russian exports to the country surging last year even as prices shot up.