Feed aggregator

Faulty components in turbines still under warranty are starting to savage the profits of some of the industry's biggest players. So what's going on?

The post Wind turbine failure rates are rising – has the industry gone too big, too fast? appeared first on RenewEconomy.

Singapore will publish later this year a ‘whitelist’ of international carbon credits that will be eligible for companies to use to partially offset their liable emissions under the country’s carbon tax scheme, the Minister for Sustainability and the Environment, Grace Fu, announced in parliament.

Claimants ClientEarth say the oil company’s plan puts the company at financial risk as the world transitions to clean energy

The directors of oil major Shell are being personally sued over their climate strategy, which the claimants say is inadequate to meet climate targets and puts the company at risk as the world switches to clean energy.

Environmental lawyers ClientEarth have filed the lawsuit against the 11 directors at the high court in England. It is the first case in the world seeking to hold corporate directors liable for failing to properly prepare their company for the net zero transition, ClientEarth said.

Continue reading...

AGL has yet to demonstrate a “story” that investors could realistically embrace.

The post AGL’s coal sore: Boring is OK in share markets, clueless is not appeared first on RenewEconomy.

Western Australia takes up six out of 10 spots in the top rankings for wind farm performance in January, with South Australia occupying the remaining four.

The post West is best for wind farm performance as renewables blow away gas market share appeared first on RenewEconomy.

For a country that once "rode on the sheep's back," the dual use of farm land for both sheep grazing and solar generation makes more and more sense.

The post Solar and Sheep: “The future of regional Australia” and the key to better quality wool appeared first on RenewEconomy.

AGL is looking to rapidly expand decentralised assets - EVs, orchestrated solar and batteries - which means less investment in big wind and solar.

The post AGL looks to EVs, batteries and rooftop solar as it goes local and digests massive loss appeared first on RenewEconomy.

Danish wind giant explores new method of recycling wind turbine blades – including those already in landfill.

The post Vestas claims major breakthough in wind turbine blade recycling appeared first on RenewEconomy.

Rearing a son is a lifelong cost for a killer whale mother, a decades-long study reveals.

Snowy 2.0’s estimated completion has been officially delayed, again, making its completion this decade look increasingly unlikely.

The post Snowy Hydro finally fesses up on delays to Snowy 2.0, and for Kurri Kurri too appeared first on RenewEconomy.

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

The mine was not refused on climate change grounds. So without legal reform, other fossil fuel projects may still go ahead. Justine Bell-James, Associate Professor, TC Beirne School of Law, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

Contact Energy and Lightsource bp have been tapped to build one of Aotearoa's biggest solar farms, to date, next to an international airport.

The post Big solar off and flying in New Zealand with first utility scale asset for Lightsource bp appeared first on RenewEconomy.

A new report has found that legal protection for Sydney’s koalas are woefully inadequate and will fail to halt the decline of the iconic species, urging the New South Wales state government to close environmental loopholes and ensure regulations are applied consistently. 

Climate Action Data Trust is launching a Call for Expression of Interest to join the CAD Trust User Forum. We are looking for a variety of stakeholders across the carbon market value chain, from both the public and private sector. Applicants who meet the necessary criteria are encouraged to submit their interest online.

Japan’s Fukushima Prefecture, the scene of the world’s most recent nuclear disaster in 2011, is weighing up offshore wind for future power generation.

The post Tokyo Gas eyes floating offshore wind for Fukushima appeared first on RenewEconomy.

UN body ICAO on Wednesday said airline passenger demand is expected to completely rebound from the COVID-19 pandemic this year and rise above 2019 levels, which suggests that carriers could accrue some pilot phase compliance obligations under the CORSIA offsetting scheme.

The fallout when the industry fails to act is still smaller than the rewards for pumping out more pollution

• Follow our Australia news live blog for the latest updates
• Get our free news app, morning email briefing or daily news podcast

We have an early contender for the least surprising newsflash of the year: fossil fuel companies will not, of their own volition, save us from climate breakdown. The oil and gas multinational BP revealed on Tuesday that it set a record annual profit last year, reaching a staggering US$27.7bn thanks to Vladimir Putin’s murderous ego pushing global fossil fuel prices into the stratosphere. It more than doubled its 2021 profit.

The company that once rebranded itself as “Beyond Petroleum” celebrated this news by announcing it would scale back its climate change plans. It had expected its carbon dioxide emissions would fall by 35% to 40% by 2030 compared with 2019. The chief executive, Bernard Looney, says it has now scaled that back to a 20% to 30% reduction.

Continue reading...

The Pennsylvania Department of Environmental Protection (DEP) on Wednesday sparred with three natural gas-fired power generators in their lawsuit against the state’s RGGI-modelled cap-and-trade regulation, with one Commonwealth Court judge appearing to side with the fossil fuel companies’ argument that the power sector scheme will cause emissions leakage.

*PREMIUM LISTING - As the preeminent standard setter for greenhouse gas emission reduction and removal projects, Verra is establishing a new role: Manager, Financial Industry Innovation. This role will lead the development and implementation of financial-industry-related standards for scaling up climate action and sustainable development.