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Japanese energy exchange operator begins listing of environmental credits
Australia grossly under-reporting methane emissions, says analysis
Australia’s Safeguard Mechanism is in play, but below baseline credits won’t be issued for some time
It’s official: Australia is set for a hot, dry El Niño. Here’s what that means for our flammable continent
Private equity is failing water companies again. Get these firms back on the stock market | Nils Pratley
Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes
- Henley regatta complains of sewage pollution from Thames Water
- Water firms discharged raw sewage 300,000 times last year, court hears
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.
Continue reading...Hottest average day cooks Earth on Monday, as El Nino looms
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.
Wind and solar face planning brick wall that threatens to derail switch from coal
Wind 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.
Data centres a black box of energy use, despite being major grid consumers
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.
ACEnergy seeks to collaborate with industry to unlock true potential of Distribution BESS
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.
Fukushima: Anxiety and anger over Japan's nuclear waste water plan
Decades of less rainfall have cut replenishing of groundwater to 800-year low in WA
CP Daily: Tuesday July 4, 2023
Memo reveals pressure on climate finance pledge
Former agribusiness commercial director joins AgriProve as Australia general manager
Bowen names Dyer to head community engagement review after deal with independents
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.
Ocean Winds confident it can launch offshore wind from scratch in Australia
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.
Canadians largely support Clean Electricity Regulations, poll finds
Negative pricing events hit record levels, and are worse in coal-fired grids
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.
Ausgrid installs its first power pole-mounted batteries in NSW
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.