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European carbon prices were little changed at midday after earlier slipping to a new year-to-date low as the market was assailed by bouts of selling pressure inspired by natural gas volatility, while weekly Commitment of Traders data showed speculative traders cut their net long position by more than 14% last week.

Two more utilities reported a significant drop in EU ETS-covered electricity generation in 2024, in annual results published this week.

India plans to require its cement sector to reduce energy-based emissions by 20% over six years, establishing a CO2 reduction trajectory as part of the country's Carbon Credit Trading Scheme (CCTS), according to government documents seen by Carbon Pulse.

South Korea is seeking to build an intergovernmental cooperation model and expand support for international emissions reduction projects, as current progress is seen as insufficient for the East Asian country to secure enough carbon credits to meet its 2030 climate target, according to policy documents published Wednesday.

A carbon project platform has partnered with an SaaS firm specialising in process intelligence to support the scaling of carbon removal initiatives through forward purchases of carbon credits.

A major Indonesian steelmaker with over 1 million tonnes of capacity a year has committed to producing lower-carbon products after announcing a partnership with a European company hoping to meet EU steel demand without having to buy additional CO2 allowances under the carbon border adjustment mechanism (CBAM).

Perth’s state library theatre was packed out on Tuesday night last week to hear climate and energy policies from the main political parties and from a community independent.

The post “A tricky dance getting out of coal:” Why Australia’s biggest state and its biggest grid needs a climate bill appeared first on RenewEconomy.

Less than 100 days after entering office, the new European Commission unveiled its flagship Clean Industrial Deal initiative on Wednesday, outlining measures to reduce energy costs for businesses while doubling down on climate with the confirmation of an upcoming 90% decarbonisation target for 2040.

It’s time to rethink how climate action succeeds. The key is to acknowledge that it’s never the sole force driving political decisions

We are witnessing the most devastating climate disasters on record: wildfires ravaging Los Angeles, deadly floods in North Carolina, and global temperature records shattered month after month. We have officially surpassed 1.5C of warming, a critical threshold scientists have long warned against. At the same time, the US is scaling back policies, freezing critical programs and shifting priorities away from climate action.

But now isn’t the time to give up on climate action. Instead, it is high time to rethink how it succeeds.

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A UK energy company has committed to set biodiversity targets in its newly released sustainability framework, also pledging to align with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations by next year.

A Switzerland-based venture capital investor has revealed the startup specialisms it considers the most investable in biodiversity, ranging from AI to regenerative agriculture.

Decarbonising one of Australia’s leading industrial zones could reduce emissions by several million tonnes of CO2e every year, but would require ramping up renewable energy by a factor of 10 at a minimum, a think tank found Wednesday.

The lower-than-expected delivery of Australian Carbon Credit Units (ACCU) to the government via carbon abatement contracts (CACs) has put the spotlight on soil carbon projects that are slated to deliver millions of credits, many of which have yet to be issued a single ACCU.

The report highlights weaknesses in the Coalition nuclear plan. In particular, it reveals the idea of cheap, factory-built nuclear reactors is a mirage. John Quiggin, Professor, School of Economics, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

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The post Australian Green Energy Calendar 2025 appeared first on RenewEconomy.

Northvolt, which claims to run Europe’s first homegrown gigafactory, admits it depends on Chinese suppliers for cathode active material

The Swedish startup Northvolt has admitted that a vital component of its batteries is imported amid claims that the company, which claims to run Europe’s first homegrown gigafactory, depends on Chinese suppliers.

It comes as a documentary programme to be shown in Sweden on Wednesday by the national broadcaster SVT, exposes the company’s failure to build a truly homegrown battery after its attempts to produce its own cathode active material at its Northvolt Ett factory in Skellefteå, northern Sweden, were unsuccessful.

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The Australian Renewable Energy Agency has put out a call for applications for a share of $46.3 million in grants to deploy community batteries across Australia.

The post Arena launches second round of federal Labor’s community battery grants appeared first on RenewEconomy.

Investigations are underway after a truck carrying a 70 metre wind turbine blade got stuck in a residential street, blocking traffic and damaging council property, including a roadside tree.

The post Botched wind turbine blade delivery takes out tree and street signs in rural town appeared first on RenewEconomy.

The Liberal Party of Canada will soon choose a leader that will replace Justin Trudeau and become Canada's next prime minister.

House committee says nuclear cannot be deployed quickly enough to help Australia's climate targets, or to assist the transition for coal communities.

The post Too slow and too expensive: House committee says Coalition nuclear plan won’t help climate targets appeared first on RenewEconomy.