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Solar farms face “large, unpredictable” revenue swings as marginal loss factors strike again

RenewEconomy - Fri, 2024-01-19 10:08

Clean Energy Investor Group warns solar projects in parts of NSW and Victoria face big hits to revenue, as "old issues around MLFs come back to haunt the industry."

The post Solar farms face “large, unpredictable” revenue swings as marginal loss factors strike again appeared first on RenewEconomy.

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Vermont lawmakers introduce climate “superfund” legislation

Carbon Pulse - Fri, 2024-01-19 08:46
Over 100 Vermont legislators have sponsored two companion bills targeting the fossil fuel industry to compensate for their greenhouse gas (GHG) emissions, with the resulting revenues to be used for climate infrastructure developments in the state.
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US govt finalises $1.1 bln award to California’s Diablo Canyon nuclear plant

Carbon Pulse - Fri, 2024-01-19 08:28
The US Department of Energy (DOE) on Wednesday confirmed signage of the $1.1 billion credit payment to extend the operation of California’s Diablo Canyon power plant in pursuit of a carbon pollution-free electricity sector by 2035.
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Stick to the plan: Lights won’t go out when Eraring closes on schedule

RenewEconomy - Fri, 2024-01-19 07:45

CSIRO_ScienceImage_9227_Eraring_Power_StationConsistent with AEMO's own modelling, our new analysis reconfirms there is no material electricity reliability gap for NSW if Eraring closes on schedule.

The post Stick to the plan: Lights won’t go out when Eraring closes on schedule appeared first on RenewEconomy.

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Industrial powerhouse invests in US university’s innovative membrane CCS technology

Carbon Pulse - Fri, 2024-01-19 07:45
A US academic institution that was recently awarded Department of Energy (DOE) funding, will receive assistance from a global building materials manufacturer and a technology research firm to scale its industrial carbon capture initiative.
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Leading insurers do not plan to cover controversial East African oil pipeline

Carbon Pulse - Fri, 2024-01-19 05:51
Over two dozen insurers and reinsurers have stated that they have no plans to offer insurance to a controversial proposed oil pipeline in East Africa, according to a coalition of environmentalist groups opposing the project.
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US Senate Committee advances bill to study GHG emissions from certain domestic, overseas products

Carbon Pulse - Fri, 2024-01-19 05:45
US Senate Commitee on Environment and Public Works approved the PROVE IT Act on Wednesday, which seeks to gather and compare emissions data from the production of a variety of products in the US and a number of other countries.
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Bee-harming neonicotinoid pesticide has emergency approval again

BBC - Fri, 2024-01-19 05:04
Permission to treat sugar beet seeds with a pesticide that can harm bees is given by the government.
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Trash TV: streaming giants are failing to educate the young about waste recycling. Here's why it matters

The Conversation - Fri, 2024-01-19 04:58
An essential part of managing a growing global waste problem is sorting, recovering and recycling it. But you won’t see this on children’s shows that feature waste collection. Salman Shooshtarian, Senior Lecturer, School of Property, Construction and Project Management, RMIT University Licensed as Creative Commons – attribution, no derivatives.
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EU lawmakers call for strategy to tap into full geothermal potential

Carbon Pulse - Fri, 2024-01-19 03:35
The vast majority of the European Parliament's members called on the European Commission to unlock geothermal energy across the bloc, in a vote in Strasbourg on Thursday.
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EU blindly following SBTi after banning climate claims from offset use, warns lawyer

Carbon Pulse - Fri, 2024-01-19 03:32
EU parliamentarians have “blindly followed the Science Based Target initiative (SBTI)” after voting to endorse an EU deal to ban misleading carbon neutral claims if they rely on carbon credits, a lawyer warned Thursday.
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Partnership offers pre-insured carbon credits to manage buyer-side risk

Carbon Pulse - Fri, 2024-01-19 03:31
A carbon credit insurance startup has teamed up with a digital carbon sales platform to offer pre-insured carbon credits, aiming to promote transparency regarding potential risks to buyers in the  voluntary carbon market (VCM).
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Davos 2024: Best outcome of CBAMs would be a global carbon price -Norway’s foreign minister

Carbon Pulse - Fri, 2024-01-19 03:24
Carbon border adjustment mechanisms (CBAMs) are second best compared with a global carbon price, Norway’s foreign minister Espen Barth Eide told delegates at Davos on Thursday.
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Largest UK ETS emitter rejects union plans, confirms coal exit

Carbon Pulse - Fri, 2024-01-19 02:45
Tata Steel on Thursday rejected a workers’ union plan to keep its Port Talbot blast furnaces running, confirming its intention to reduce its carbon footprint by switching its energy source from coal to electricity.
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Planning underway for industrial carbon capture and utilisation plant in Austria

Carbon Pulse - Fri, 2024-01-19 02:03
A clean tech company and a supplier of high-grade refractory products are advancing plans to build a capture carbon and utilisation facility in Austria to make industrial products.
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Environmental non-profit endorses NY legislation to combat emissions from warehouse operations

Carbon Pulse - Fri, 2024-01-19 02:01
A US environmental non-profit outlined policy solutions in a report released Thursday to address the expansion of storage facilities and truck hauls in light of rising demand for shorter delivery durations, which has placed unequal health disparities on low-income households and communities of colour in New York.
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European Commission to propose a 90% EU emissions cut by 2040 -Bloomberg

Carbon Pulse - Fri, 2024-01-19 01:45
The European Commission will propose a goal for the EU to cut greenhouse gas emissions by 90% by 2040, Bloomberg reported citing anonymous sources, in line with scientific recommendations and a previous hint by the EU climate chief.
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Weak power and gas prices to push EUAs lower in 2024, say analysts

Carbon Pulse - Fri, 2024-01-19 01:42
Power and gas prices are unlikely to strengthen in 2024, analysts at a European utility said on Thursday, which will have a dampening effect on EUAs.
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Environment Agency told staff to delay inspections to stay on target last year

The Guardian - Fri, 2024-01-19 01:30

Regulator accused of ‘massaging figures’ by telling staff to pause inspections at poorly performing waste sites until January

The Environment Agency told staff in September to stop inspecting the most poorly performing waste sites until January in order to meet corporate compliance targets, it can be revealed.

The regulator has been accused of “massaging the figures”, with an insider telling the Ends Report and the Guardian that a lack of resources means the body is “failing to do its statutory duty in a timely manner”.

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US regulators probing former NBA sponsor Aspiration over carbon offset business -Bloomberg

Carbon Pulse - Fri, 2024-01-19 00:49
The NBA’s Los Angeles Clippers have ended their partnership with carbon offset startup Aspiration, which was previously a sponsor of the professional basketball team and is now under investigation by US regulators for potentially misleading customers, Bloomberg reported Thursday.
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