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Australia’s carbon cabal digs in for fight against zero emissions targets

RenewEconomy - Tue, 2020-11-10 12:35

Federal energy and emissions reduction minister Angus Taylor (AAP Image/Mick Tsikas)On cue, the Coalition has deployed its favourite scare tactic in response to new global pressure on emissions – and even recruited some new muscle.

The post Australia’s carbon cabal digs in for fight against zero emissions targets appeared first on RenewEconomy.

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CP Daily: Monday November 9, 2020

Carbon Pulse - Tue, 2020-11-10 11:37
A daily summary of our news plus bite-sized updates from around the world.
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Australia will benefit from shift to zero emissions, with no gas required

RenewEconomy - Tue, 2020-11-10 11:05

Canva - Engineer interacting with colleague standing near solar panels in countryside - optimised community solarWith wind and solar now the cheapest sources of energy, Australia would benefit from a switch to 100% renewables, with gas not needed as transition fuel.

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'Immense' potential of renewable energy could propel Australia to net zero 2050 target

The Guardian - Tue, 2020-11-10 11:00

Climate policy experts say Australia needs to set a more ambitious 2030 climate commitment to reach a carbon neutral economy

Australia could become a carbon neutral economy by 2050 thanks to an abundance of cheap solar and wind energy but will need a more ambitious 2030 climate target to get there, according to a report from international climate policy experts.

A path to net zero emissions is technically and economically feasible for Australia, the report says, and would align the country with the Paris climate agreement it signed in 2016.

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Joe Biden: How the president-elect plans to tackle climate change

BBC - Tue, 2020-11-10 10:33
What will a Joe Biden presidency mean for the global battle against rising temperatures?
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China-made Tesla Model 3 in RHD and Model Y spotted

RenewEconomy - Tue, 2020-11-10 10:27

rhd model 3 hong kongKey Model 3 and Model Y sightings, along with imminent expansion into Singapore, signal changes are afoot for Tesla in Asia Pacific region.

The post China-made Tesla Model 3 in RHD and Model Y spotted appeared first on RenewEconomy.

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NSW renewables plan marks a major new moment for climate action in Australia

RenewEconomy - Tue, 2020-11-10 10:18

The NSW government has hit on a magic formula for climate policy, but a dive into the details of its plans show there is more to be done.

The post NSW renewables plan marks a major new moment for climate action in Australia appeared first on RenewEconomy.

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ANALYSIS: Biden election win presents numerous climate policy opportunities, though challenges loom

Carbon Pulse - Tue, 2020-11-10 09:50
The projected presidential victory of Democratic nominee Joe Biden this weekend opens the door for the US government to take swift action on domestic and global climate policy during the first days of his administration, although a potentially divided Congress could stifle some of the progress necessary to achieve rapid and deep decarbonisation.  
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Offset participants back suggestions from California protocol task force, as EJ groups assail draft report

Carbon Pulse - Tue, 2020-11-10 09:49
California Carbon Offset (CCO) market stakeholders threw their weight behind a committee report released last month that would reduce offset invalidation periods and allow regulated entities to trade compliance limits, though environmental justice (EJ) organisations called for the state to suspend the credit programme pending a further review, according to public comments.
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Q+A: Malcolm Turnbull attacks ‘shocking legacy’ of Murdoch and News Corp on climate crisis – video

The Guardian - Tue, 2020-11-10 09:06

In a heated debate about media bias on the ABC’s Q+A program, the former prime minister says Rupert Murdoch and his media company have ‘done enormous damage’ to western democracies, in particular on the subject of global warming. ‘The company you work for and its friends in politics, like Trump and others, have turned this issue of physics into an issue of values or identity,’ Malcolm Turnbull tells the Australian’s editor-at-large, Paul Kelly, adding: ‘Saying you believe or disbelieve in global warming is like saying you believe or disbelieve in gravity.’ He calls on Kelly and other New Corp employees to ‘speak up’ and call out their employer. Kelly argues that Turnbull is exaggerating the impact that Murdoch’s global media company has on the issue of climate change

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INTERVIEW: Carney-led voluntary CO2 market taskforce “barking up the wrong tree”, says South Pole boss

Carbon Pulse - Tue, 2020-11-10 08:00
On the eve of the release of an expert report that could help revolutionise the “murky” global voluntary carbon market, the head of South Pole - one of the world’s biggest offset developers - says the authoring taskforce led by former Bank of England head Mark Carney is "barking up the wrong tree" and should be focused more on how to significantly raise prices than on creating benchmarks or improving transparency.
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UK to give companies three more years before requiring climate risk disclosures

Carbon Pulse - Tue, 2020-11-10 07:37
The UK plans to become the first major economy to require all listed companies and investors to disclose their climate risks, Finance Minister Rishi Sunak said on Monday, setting a deadline three years longer than draft plans had outlined. 
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Revenue from Tesla big battery at Hornsdale falls by half in third quarter

RenewEconomy - Tue, 2020-11-10 06:50

Revenue from the Tesla big battery at the Hornsdale Power Reserve fell by half in the third quarter – compared to the same quarter a year earlier – as the market from frequency control and ancillary services contracted, and as the country’s biggest battery took time off to complete its recent expansion. Figures released by...

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EEX re-appointed as Common Auction Platform for post-2020 EU ETS

Carbon Pulse - Tue, 2020-11-10 05:40
Germany's European Energy Exchange (EEX) has been re-appointed by the European Commission as the Common Auction Platform (CAP) for carbon allowance auctions during the first half of the EU ETS' Phase 4 (2021-20).
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UK to make climate risk reports mandatory for large companies

The Guardian - Tue, 2020-11-10 05:18

Rishi Sunak says disclosures will be mandatory within five years as part of net-zero plans

Large companies and financial institutions in the UK will have to come clean about their exposure to climate risks within five years under the terms of a tougher regime announced by the chancellor, Rishi Sunak.

In an attempt to demonstrate the government’s commitment to tackling global heating, Sunak said the UK would go further than an international taskforce had recommended and make disclosure by large businesses mandatory.

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Zali Steggall's new climate change bill comes just as economic sectors step up

The Conversation - Tue, 2020-11-10 05:08
From property to local government, economic sectors are meeting the climate change challenge head on. Now the federal government must get on board. Anna Malos, Project Manager, climate and energy policy, ClimateWorks Australia Amandine Denis-Ryan, Head of National Programs, ClimateWorks Australia, Monash University Licensed as Creative Commons – attribution, no derivatives.
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Biggest solar farm outside main grids nearly complete, miner counts huge savings

RenewEconomy - Tue, 2020-11-10 05:00

chichester solar farm alinta pilbara fortescueThe biggest solar farm to be built in Australia outside of its two main grids in nearing completion, and miners are already counting the savings.

The post Biggest solar farm outside main grids nearly complete, miner counts huge savings appeared first on RenewEconomy.

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RFS Market: RIN prices briefly top 70-cent mark on likely Biden election victory

Carbon Pulse - Tue, 2020-11-10 04:21
US biofuel credit (RIN) values under the Renewable Fuel Standard (RFS) surged by 11% on Monday after Democratic nominee Joe Biden was projected to win the presidency over the weekend, but prices swiftly came off over the course of the morning.
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Switzerland completes first EU-linked carbon allowance auction

Carbon Pulse - Tue, 2020-11-10 02:38
Switzerland has successfully completed its first carbon allowance auction since linking its emissions trading scheme with that of the EU.
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Coalition prepared transfer of environmental powers to states months before EPBC review reported

The Guardian - Tue, 2020-11-10 02:30

Correspondence between federal and WA governments shows Scott Morrison proposed a bill as early as February

The federal government was preparing to legislate to hand environmental approval powers to state governments at the beginning of the year, well in advance of recommendations from a review of national laws that proposed such changes.

Documents obtained by Guardian Australia under freedom of information laws show Scott Morrison told the Western Australian premier, Mark McGowan, in February he wanted to introduce a bill to transfer environmental approval powers to state governments by midyear.

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