Feed aggregator

Parliament backs plan to classify some projects as clean power investments

The European parliament has backed plans to label gas and nuclear energy as “green”, rejecting appeals from Ukraine and climate activists that the proposals are a gift to Vladimir Putin.

One senior MEP said the vote was a “dark day for the climate”, while experts said the EU had set a dangerous precedent for countries to follow.

Continue reading...

EUAs extended their recent losses after an early rally in Wednesday morning trading, as participation in the market continued to dwindle into the summer holiday season, while energy markets ended their recent rally as the outlook for gas supply improved after a Norwegian labour strike was ended.

The European Parliament endorsed on Wednesday controversial EU plans to label some nuclear and natural gas plants as climate-friendly investments.

Oil and gas major Shell has made a final investment decision to build what will be Europe’s largest green hydrogen plant once it becomes operational in 2025, the company announced on Wednesday.

A company that was forced to suspend trading and issuing a new voluntary carbon credit standard last week, just a day after launch, has now resumed service despite continuing to disregard additionality issues in its methodology.  

Japanese-owned forestry firm New Forests on Wednesday launched a programme that will utilise carbon markets and timber sales to incentivise farmers in Tasmania to grow trees.

Biden’s election was billed as heralding a ‘climate presidency’ but congressional and judicial roadblocks mean he has little to show

Joe Biden’s election triggered a global surge in optimism that the climate crisis would, finally, be decisively confronted. But the US supreme court’s decision last week to curtail America’s ability to cut planet-heating emissions has proved the latest blow to a faltering effort by Biden on climate that is now in danger of becoming largely moribund.

The supreme court’s ruling that the US government could not use its existing powers to phase out coal-fired power generation without “clear congressional authorization” quickly ricocheted around the world among those now accustomed to looking on in dismay at America’s seemingly endless stumbles in addressing global heating.

Continue reading...

Construction starts at the massive $3 billion Clarke Creek renewables precinct in Queensland. The Andrew Forrest-backed project could become Australia's largest.

The post Construction starts at Andrew Forrest-backed $3 billion renewable energy precinct appeared first on RenewEconomy.

Dutch organisations are taking action against the airline in first lawsuit of its kind in the industry.

Prime minister Anthony Albanese visits flood-affected areas of Sydney

Continue reading...

As an increasing number of regional and local governments in China seeking to establish forest carbon projects, some districts are experiencing problems with scammers trying to reap the benefits.

The spot price in Queensland did not surge towards the price cap as expected. Did someone have a quiet word, or did technology save the day?

The post Price cap avoided for now: Did someone have a quiet word, or did solar save the day? appeared first on RenewEconomy.

Genex Power announces refinancing move to better profit from its solar generation assets, including the consistently high performing Kidston project.

The post Genex refinances solar farms to help it cash in on high spot market prices appeared first on RenewEconomy.

Officials investigate irregularities in poultry and pig waste exports to Ireland, as ammonia risks turning soil into a ‘wasteland’

Ireland has become a “toilet” for cross-border pollution, say campaigners, as officials investigate allegations around the movement of animal manure from Northern Ireland.

Northern Ireland has the highest stocking density of livestock in the UK, with 25 million poultry birds, and intensive pig numbers at a 10-year high. But the disposal of animal waste and increasing levels of pollution may now halt the expansion of its multi-billion pound export-driven industry.

Continue reading...

Chris Bowen says capacity market not finalised, and needs to allow for flexibility and emissions. And, unlike his predecessor, he promises to visit wind and solar farms.

The post “We’re not there yet:” Bowen says capacity design needs flexibility and emissions goal appeared first on RenewEconomy.

Clean Energy Investor Group calls on market regulators to accelerate market reforms, saying investors may look to other countries.

The post Clean energy investors say grid congestion issues pushing developers offshore appeared first on RenewEconomy.

New data shows renewable energy supplied roughly half of Germany’s electricity demand for the first half of 2022, boosted by more wind and solar.

The post Renewables supply nearly half of German power demand in first half 2022 appeared first on RenewEconomy.

These tiny fish with oversized hands crawl along the seafloor. They only live in two locations in the world, and they’re disappearing rapidly. John Turnbull, Postdoctoral Research Associate, UNSW Sydney Jemina Stuart-Smith, Research Fellow, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

New Zealand’s agriculture sector is on track to implement a basic independent carbon pricing system by 2025, however at this stage it is unclear if the government could actually manage such a scheme, according to the independent Climate Change Commission (CCC).

Chris Bowen discusses the energy crisis and the speed of the energy transition, capacity market design, emissions targets, EVs, and actually going to see wind and solar farms.

The post Energy Insiders Podcast: Federal climate and energy minister Chris Bowen appeared first on RenewEconomy.