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Japanese energy exchange operator begins listing of environmental credits

Carbon Pulse - Wed, 2023-07-05 18:36
The operator of Japan's largest energy trading marketplace has become the latest in the country to initiate trading of environmental credits, including offsets under the domestic J-Credit scheme.
Categories: Around The Web

Australia grossly under-reporting methane emissions, says analysis

Carbon Pulse - Wed, 2023-07-05 17:13
Fugitive methane emissions from Australian fossil fuel projects are nearly twice as high as national estimates, according to new analysis, meaning facilities covered under the Safeguard Mechanism will likely have to double their decarbonisation efforts to be in line with the country’s climate goals.
Categories: Around The Web

Australia’s Safeguard Mechanism is in play, but below baseline credits won’t be issued for some time

Carbon Pulse - Wed, 2023-07-05 17:10
Australia’s reformed Safeguard Mechanism has come into force this week, but those expecting facilities to begin generating below baseline credits straight away will be left waiting.  
Categories: Around The Web

It’s official: Australia is set for a hot, dry El Niño. Here’s what that means for our flammable continent

The Conversation - Wed, 2023-07-05 17:10
The El Niño is a reminder that bushfires are part of Australian life. But whether or not this fire season is a bad one, Australia must find a better way to manage bushfires. Kevin Tolhurst AM, Hon. Assoc. Prof., Fire Ecology and Management, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Private equity is failing water companies again. Get these firms back on the stock market | Nils Pratley

The Guardian - Wed, 2023-07-05 15:58

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

As we wait for Thames Water’s crew of international investors to decide if they want to inject more capital into their ailing and over-borrowed asset, it is hard to escape the thought that a recapitalisation – if it’s doable – would have happened by now if only the company were listed on the stock market. In essence, what’s needed at Thames, if the owners wish to save it, is a large rights issue or debt-for-equity swap. The stock market tends to be good at such exercises. It cuts to the chase.

Recall the crisis in the outsourcing sector a decade ago, which has parallels with water in terms of scandal (with overcharging, rather than the sewage) and loss of confidence on the part of government and the outside world. The stock market was admirably brutal with companies such as Serco: it whacked the share price down 90%, thereby inflicting necessary pain on owners; it forced management change; then it became possible to raise funds.

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Categories: Around The Web

Hottest average day cooks Earth on Monday, as El Nino looms

RenewEconomy - Wed, 2023-07-05 15:56

July 3 marked the hottest average temperature since measurements began in the 1970s.

The post Hottest average day cooks Earth on Monday, as El Nino looms appeared first on RenewEconomy.

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Wind and solar face planning brick wall that threatens to derail switch from coal

RenewEconomy - Wed, 2023-07-05 15:43

bango wind farm squadron energy NSWWind and solar developers say delays in NSW planning applications could derail the state's plans to replace coal with renewables in a decade.

The post Wind and solar face planning brick wall that threatens to derail switch from coal appeared first on RenewEconomy.

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Data centres a black box of energy use, despite being major grid consumers

RenewEconomy - Wed, 2023-07-05 15:29

Potentially gigawatts of energy consumption is flying under the radar in Australia's energy system. And no one knows if the data centres are green.

The post Data centres a black box of energy use, despite being major grid consumers appeared first on RenewEconomy.

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ACEnergy seeks to collaborate with industry to unlock true potential of Distribution BESS

RenewEconomy - Wed, 2023-07-05 15:29

ACEnergy is setting its sights on a portfolio of distribution scale Battery Energy Storage Systems (BESS) as it seeks to expand its project range and support regional communities.

The post ACEnergy seeks to collaborate with industry to unlock true potential of Distribution BESS appeared first on RenewEconomy.

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Fukushima: Anxiety and anger over Japan's nuclear waste water plan

BBC - Wed, 2023-07-05 15:17
Japan wants to release Fukushima's waste water into the ocean - and a lot of people are not happy.
Categories: Around The Web

Decades of less rainfall have cut replenishing of groundwater to 800-year low in WA

The Conversation - Wed, 2023-07-05 14:32
South-west Australia relies on groundwater for three-quarters of its water use. But a new study of the region’s caves has found a drying climate is having a dramatic impact on this precious resource. Stacey Priestley, Research Scientist, Environment Business Unit, CSIRO Andy Baker, Professor, School of Biological, Earth and Environmental Sciences, UNSW Sydney Pauline Treble, Research Scientist, Environment Research Group, Australian Nuclear Science and Technology Organisation Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

CP Daily: Tuesday July 4, 2023

Carbon Pulse - Wed, 2023-07-05 13:35
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

Memo reveals pressure on climate finance pledge

BBC - Wed, 2023-07-05 13:11
The government says it remains committed to spending £11.6bn of its overseas aid budget on climate.
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Former agribusiness commercial director joins AgriProve as Australia general manager

Carbon Pulse - Wed, 2023-07-05 13:10
A former commercial and marketing director with an agribusiness company has joined soil carbon project developer AgriProve Solutions as its first Australia general manager.
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Bowen names Dyer to head community engagement review after deal with independents

RenewEconomy - Wed, 2023-07-05 12:41

Bowen responds to calls by independents by appointing Andrew Dyer to head new Community Engagement Review for renewable and transmission projects.

The post Bowen names Dyer to head community engagement review after deal with independents appeared first on RenewEconomy.

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Ocean Winds confident it can launch offshore wind from scratch in Australia

RenewEconomy - Wed, 2023-07-05 12:29

Ocean Winds says it is undaunted by the challenges posed by Australia's as yet unformed industry, saying it's worked in greenfield geographies before.

The post Ocean Winds confident it can launch offshore wind from scratch in Australia appeared first on RenewEconomy.

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Canadians largely support Clean Electricity Regulations, poll finds

Carbon Pulse - Wed, 2023-07-05 08:13
Nearly a year after the public comment period for Canada's Clean Electricity Regulations were wrapped up, a poll published Tuesday has found a majority of Canadians support the federal plan to reach a net zero power grid by 2035.
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Negative pricing events hit record levels, and are worse in coal-fired grids

RenewEconomy - Wed, 2023-07-05 07:03

Number of negative pricing events more than trebled in June. They were amplified in coal fired states because those fossil fuel generators don't like ramping up and down.

The post Negative pricing events hit record levels, and are worse in coal-fired grids appeared first on RenewEconomy.

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Ausgrid installs its first power pole-mounted batteries in NSW

RenewEconomy - Wed, 2023-07-05 06:29

Australia's biggest network company installs its first pole-mounted neighbourhood batteries in the Hunter Valley.

The post Ausgrid installs its first power pole-mounted batteries in NSW appeared first on RenewEconomy.

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British lawmaker calls for carbon border “alignment” with EU in cross-Channel talks

Carbon Pulse - Wed, 2023-07-05 04:31
Alignment on carbon border adjustment mechanisms (CBAM) and decarbonisation regulations can help smooth relationships between the UK and the EU, according to British MP Chris Skidmore at a meeting in Brussels, though he stopped short of suggesting a re-linking of carbon markets.
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