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Steggall calls for conscience vote on zero carbon bill to kickstart Covid recovery
Independent MP calls for conscience vote on zero carbon bill as a pathway to stronger climate targets and to kick start green economy recovery.
The post Steggall calls for conscience vote on zero carbon bill to kickstart Covid recovery appeared first on RenewEconomy.
What an ocean hidden under Antarctic ice reveals about our planet's future climate
Australia claims Kyoto success, but three decades as a climate wrecker is all it can boast
The Morrison government has claimed success in meeting Australia’s targets under the Kyoto Protocol, which came to an end on Wednesday, despite three decades of relative inaction and stalling from successive federal governments. The truth is – despite the protestations of energy and emissions reduction Angus Taylor – that the dial has barely moved on...
The post Australia claims Kyoto success, but three decades as a climate wrecker is all it can boast appeared first on RenewEconomy.
City of Sydney completes switch to 100 per cent renewable supply
City of Sydney now running on 100 per cent renewables, as power begins flowing from regional solar and wind projects.
The post City of Sydney completes switch to 100 per cent renewable supply appeared first on RenewEconomy.
Deadline extended for Kidston storage project as it seeks equity and transmission deals
Genex extends deadline for debt financing deal as it seeks to land an equity partner for Kidston pumped hydro project and lock in transmission agreement.
The post Deadline extended for Kidston storage project as it seeks equity and transmission deals appeared first on RenewEconomy.
Poster child for US shale revolution files for bankruptcy
Chesapeake Energy, the poster child of the US shale revolution and the so-called “Google of oil and gas” has filed for Chapter 11 protection in the US Bankruptcy Court.
The post Poster child for US shale revolution files for bankruptcy appeared first on RenewEconomy.
Global transition from coal to clean energy has reached a financial tipping point
Report reveals new-build renewable energy is already cheaper than already operating coal plans across much of the planet, and sets out a plan for a just transition.
The post Global transition from coal to clean energy has reached a financial tipping point appeared first on RenewEconomy.
Two more
Two more electric vehicle models are almost ready to enter the Australian auto market, which has been sorely lacking in choice for those wanting to make the switch to zero emissions transport.
The post Two more <$60,000 electric vehicles are nearly ready to enter Australia market appeared first on RenewEconomy.
Vestas lands big wind turbine contract in Australia, most likely Port Augusta
Vestas says it has won a 210MW contract for a wind farm to be built by late 2021 - almost certainly the big wind-solar hybrid planned for Port Augusta in South Australia.
The post Vestas lands big wind turbine contract in Australia, most likely Port Augusta appeared first on RenewEconomy.
Transgrid, Cornwall say new wind and solar needed quickly to lower prices in NSW
Transgrid says renewables key to cost falls in NSW, while research group says the pace of investment will need to accelerate significantly in coming years.
The post Transgrid, Cornwall say new wind and solar needed quickly to lower prices in NSW appeared first on RenewEconomy.
Bunnings stops selling timber logged by VicForests after court ruling
Chain invokes ‘zero-tolerance approach’ to illegally logged timber after ruling that VicForests was not exempt from national environment laws
Bunnings will stop selling timber logged by VicForests after a court found the state government-owned forestry agency breached conservation laws.
“Bunnings has a zero-tolerance approach to illegally logged timber that dates back two decades and our commitment is to only source timber products from legal and well managed forest operations,” Bunnings’ director of merchandise, Phil Bishop, said on Wednesday.
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CP Daily: Tuesday June 30, 2020
Strict DEBs definition could yield undersupplied offset market by 2027 – analysts
ICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase
Eleven new California CITSS accounts opened in Q2 as allowances sunk beneath WCI floor
US shale gas giant brought down by big debts and oil slump
Coronavirus lockdown was final straw for fracking pioneer Chesapeake Energy
The collapse of Chesapeake Energy, one of the pioneers of the US shale industry, took few people by surprise. The embattled fracker slumped into bankruptcy weeks after the darkest month in oil market history, in a financial mess of missed interest payments, looming bond deadlines and crippling debts.
Its collapse is not the first bankruptcy to hit the oil industry in the wake of the coronavirus crisis, nor will it be the last. But the fall of a company once considered one of the shale revolution’s brightest stars may mark a crucial watershed for an industry in flux.
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Nine new solar farms and two big batteries proposed for South Australia
Nine new solar farm proposals and two new big batteries unveiled in flood of applications to South Australia energy regulator.
The post Nine new solar farms and two big batteries proposed for South Australia appeared first on RenewEconomy.