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Exclusive: Campaigners say funding could provide incentive to restart fracking if moratorium is lifted

Fracking companies are likely to be eligible for tax breaks, potentially worth billions, that the government is extending to oil and gas companies to encourage new exploration of fossil fuel resources.

Combined with high gas prices, the extra funding – which amounts to a subsidy, according to campaigners – could provide a strong incentive to restart fracking operations if a moratorium in the UK is lifted, which could happen as early as this week.

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South Korea will increase the share of CO2 allowances in its emissions trading scheme that is auctioned instead of handed out for free, saying the current allocation of 10% is insufficient.

Hornsdale big battery fined over response to market when country's biggest coal unit failed, and AGL wind farms fined over settings in lead up to South Australia blackout.

The post Tesla big battery fined for failing to deliver promised capacity when coal plant tripped appeared first on RenewEconomy.

Two New Zealand companies have teamed up to offer landholders an opportunity to develop and sell the country’s first AI-enabled voluntary offsets via a new carbon exchange.

Professor says link to extreme weather sometimes overestimated but climate costs underestimated

Climate change is to blame for the majority of the heatwaves being recorded around the planet but the relation to other extreme events impacts on society is less clear, according to a study.

“I think on the one hand we overestimate climate change because it’s now quite common that every time an extreme event happens, there is a big assumption that climate change is playing a big role, which is not always the case,” said Friederike Otto, a climate change and environment professor at the Grantham Institute at Imperial College London, who was one of the lead authors of the research.

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Two new studies reveal fascinating new information about why some animals are able to live so long. Let me introduce you to five animals who lived over a century, and their remarkable lives. Benjamin Mayne, Molecular biologist and bioinformatician, CSIRO Licensed as Creative Commons – attribution, no derivatives.

Oil and gas heavyweights Shell and ExxonMobil have teamed up with Chinese national oil company giant CNOOC to explore the feasibility of establishing a large-scale offshore CCS hub in southern China, they announced on Tuesday.

WA tips another $37m to deploy 180 standalone power systems across the state, as it aims for 1,000 over four years.

The post WA targets more than 1,000 standalone power systems, with $37m funding boost appeared first on RenewEconomy.

Quinbrook to build 460MWh big battery in south Wales as part of plans to transform old coal fired power plant into a sustainable energy park.

The post Quinbrook to build one of UK’s biggest batteries at site of old coal power station appeared first on RenewEconomy.

The renewed focus on dispatchable power and long-term energy storage could help jumpstart an Australian solar thermal industry.

The post Could a storage target or a capacity incentive provide a lifeline for solar thermal? appeared first on RenewEconomy.

A shift to bigger and better wind turbines could significantly boost capacity factors, overcoming climate change driven reductions in wind availability.

The post Bigger and better wind turbines to overcome climate caused wind droughts appeared first on RenewEconomy.

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

The ISP will go down as the pivotal model for the energy transition, the one that irreversibly moved the dial. Here's how it might accommodate offshore wind.

The post How offshore wind could influence AEMO’s 20-year green energy blueprint appeared first on RenewEconomy.

Canada’s environment ministry is to further delay the start of compliance obligations under the Clean Fuel Standard (CFS) to the end of 2023, the Canadian Press reported late on Monday, citing final regulations obtained ahead of their intended publication.

Clean Energy Council joins growing chorus rejecting capacity mechanism in favour of an energy storage target.

The post “Unreliable and dirty:” CEC urges storage target over capacity mechanism appeared first on RenewEconomy.

The G7 and several invited developing countries agreed to work together to accelerate climate action while ensuring their energy security, according to a statement on Monday, the second day of the three-day leaders' summit in Germany that has seen several climate-related announcements. 

Reporting to the Business Development Director, the Business Developer will be tasked with developing the company's commercial and strategic activities.

Reporting directly to the Carbon Projects Director, the Portfolio Consultant will be in charge of expanding the network of project developers partnerships, executing due diligence on identified projects and participating in carbon credits purchases and the implementation of long-term investments.

The candidate is in charge of enriching the portfolio of projects from EcoAct’s Nature Based Solutions unit.

Mugga Lane was one of the first and most richly paid solar farms in Australia. So how did it end up in the hands of administrators and receivers?

The post “Breach of terms:” How one of Australia’s pioneering and best paid solar farms came to grief appeared first on RenewEconomy.