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CO2 allowance prices in China’s national emissions market increased slightly over the past week amid sustained liquidity, with participants remaining eager to learn whether the sectoral expansion plan will be rolled out later this year.

New data shows nearly 60% of all electricity fed into the German grid in first three months of 2024 came from renewables.

The post Almost 60 pct of Germany’s public electricity supply came from renewables in early 2024 appeared first on RenewEconomy.

Promise to invest in ‘cheap, clean, homegrown energy’ ticks every box but £8.3bn over a parliament is not game-changing

Great British Energy, Labour’s proposed publicly owned energy company, scores well with voters, according to the pollsters, and one can understand why. The promise to invest in “cheap, clean, homegrown energy, to cut bills for families and rebuild the strength of British industry” ticks every imaginable box. What’s not to like?

And, since the privatised utilities are never going to win a popularity contest (especially when the boss of British Gas’s owner is being paid £8m), the publicly-owned structure of GB Energy is almost a cherry on top. Other countries have state-owned firms making good profits in the UK energy market. Now the home side will be on the pitch.

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More money is being poured into solar than all other generation technologies combined, an IEA report shows, while nuclear makes up tiny fraction of all clean energy spending.

The post More money is being poured into solar than all other energy technologies combined appeared first on RenewEconomy.

South Korea and Indonesia have signed a Memorandum of Understanding (MoU) on the implementation of projects under Article 6 of the Paris Agreement.

One week after Rio Tinto sealed a groundbreaking deal to power its Tiwai Point aluminium smelter, plans to build a new 155MW wind farm have been given the all-clear.

The post Aluminium smelter power supply deal paves way for second largest wind farm in NZ appeared first on RenewEconomy.

One of Australia's oldest wind farms delays its closure date for another seven years, taking its life span to 30 years.

The post One of Australia’s oldest wind farms extends life to 30 years appeared first on RenewEconomy.

The Brazilian Federal Police (PF)'s investigation into an alleged criminal scheme selling of millions of dollars' worth of fraudulent carbon credits from illegally authorised lands is centring on a major project developer and the country's top offset seller, local media reported Thursday.

Rapidly reaching net-zero is vital to avoiding the worst ravages of climate change. But doing so in a way that damages nature is self-defeating. Brendan Wintle, Professor in Conservation Science, School of Ecosystem and Forest Science, The University of Melbourne Andrew Rogers, Biodiversity lead analyst, School of Agriculture, Food and Ecosystem Sciences, The University of Melbourne James Watson, Professor in Conservation Science, School of the Environment, The University of Queensland Michelle Ward, Postdoctoral research fellow, The University of Queensland Sarah Bekessy, Professor in Sustainability and Urban Planning, Leader, Interdisciplinary Conservation Science Research Group (ICON Science), RMIT University Licensed as Creative Commons – attribution, no derivatives.

The European Court of Justice on Wednesday ruled that incinerators used for hazardous waste do not need to be included in the EU's Emissions Trading System if they are part of larger installations covered by the scheme, provided they only marginally incinerate other types of waste.

California Carbon Allowance (CCA) prices in the secondary market reversed course late Thursday after a week of sliding toward March lows on high ICE futures and options volume exacerbating the technical sell-off, market participants said, while Washington Carbon Allowances (WCA) declined heading into the second quarterly permit sale.

Financing for new wind and solar projects rebounds in first quarter, but remains well below level needed to meet renewable targets. Battery storage, meanwhile, charges on.

The post Wind and solar projects show signs of rebound, as battery storage charges on with record quarter appeared first on RenewEconomy.

The US Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) will jointly pursue marine CO2 removal (mCDR) research and development, the agencies announced Thursday.

Researchers use the device to take remote biopsies from wild humpback whales to monitor their health.

Novel carbon dioxide removal technologies like direct air carbon capture and storage will be essential to the climate fight, according to a new report, but not without putting heavy pressure on energy systems.

The post Sucking carbon from the air essential to limit warming, but it’s going to need a lot of energy appeared first on RenewEconomy.

Three of the busiest ports in the UK, a strategic stopover for EU-bound ships to cut down on ETS liability, saw more units and tonnage in Q1 2024 relative to the same period in 2023 as the EU ETS extends to shipping, according to British government figures published Thursday.

Do communities trust developers? Do people believe renewables will do the job? Zen Energy's Paul Sheridan on the surprising results of a new survey. Plus: News of the week.

The post Energy Insiders Podcast: Is there a problem with renewables? appeared first on RenewEconomy.

A US-based direct air capture (DAC) firm on Thursday announced that it has signed a lease for its first manufacturing site in Arizona to construct modules with a cumulative removal capacity of 2 million tonnes CO2 annually.

Exclusive: Party wants to appeal to voters’ patriotism by improving access to nature and green spaces

Local communities would be given the right to buy up derelict eyesores and turn them into parks under a Labour government, while walkers and swimmers would gain access to hundreds of miles of river pathways, the party has pledged.

Labour will make a direct appeal to voters’ patriotism, presenting the restoration of nature as a matter of national identity and status.

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The environmental ministry of British Columbia (BC) has released stakeholder feedback on its draft carbon capture and sequestration (CCS) offset protocol that detailed concerns around monitoring periods and leak detection, project eligibility, crediting and stabilisation periods, quantification and verification, and additionality.