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Renewable energy covered about half of electricity consumption in Germany during the first three months of 2023.

The post appeared first on RenewEconomy.

Queensland registers a big leap in the share of large scale solar in its grid, with its peak now higher than South Australia and NSW.

The post Sunshine state sets a new solar generation record, in late autumn appeared first on RenewEconomy.

EUAs jumped substantially on Tuesday morning after the European Commission issued an update on progress to enable auctions from the Innovation Fund to help finance the REPowerEU initiative, with prices rising as much as 5.5% in busy trading.

India’s forthcoming carbon market will have no problem on the supply-side but demand for carbon credits could be an issue as the world’s third-largest emitter makes moves towards a fully operational market later this decade, panellists told the Carbon Forward Asia conference on Tuesday.

The UK government has launched a new bid to boost biodiversity recovery in its overseas territories, with large-scale projects funded for the first time to tackle nature loss, it said in a release.

A nature capital alliance in partnership with a UK-government fund, has opened a call for applicants from ocean-based projects, as it aims to drive investment of over $500 million into the space by 2030. 

Chinese regulators will likely prioritise to nature-based solutions (NBS) and small-scale renewable energy projects once the national offset programme is brought back to life given growing concerns over additionality, experts told a conference in Singapore Tuesday.

Additional sales of EU Allowances from the Innovation Fund for the bloc's REPowerEU plan will only start in 2024 after the auctioning regulation is updated, a source at the European Commission told Carbon Pulse on Tuesday, thereby withholding up to 40 million tonnes in additional market supply that had been anticipated by experts this year.

Governments seeking to regulate corporate climate claims in a bid to clamp down on greenwashing risks creating conflicting messages from global companies that span different jurisdictions, VCM panellists told the Carbon Forward Asia conference in Singapore on Tuesday.

A US-based forest carbon tech firm is stepping back from project development and shifting strategic focus, laying off nearly half of its remaining workforce after making similar cuts last year amid the global voluntary carbon market downturn.

The independent Papua New Guinea Biodiversity and Climate Fund has issued a second funding call for projects aiming to earn protected area status and help the megadiverse country reach its international biodiversity commitments.

An asset management company has partnered with a fintech firm to invest in a Cambodian biochar facility that will then advance purchase the resulting 16,000 carbon removal units in the project's first phase, the firms said in a release.

UNSW incubator wing to provide seed investment, mentoring and industry access for six Australian start-ups that demonstrate significant climate impact.

The post UNSW launches new clean energy start-up accelerator, Climate 10x appeared first on RenewEconomy.

Countries in a position to export carbon credits, especially in the Asia-Pacific region, are increasingly willing to participate in international carbon trading under the Paris Agreement but will need assistance with the complex rules as well as how to go about their implementation, panellists at the Carbon Forward Asia conference said on Tuesday.

A daily summary of our news plus bite-sized updates from around the world.

Brad Hopkins from AEMO Services discusses the stunning results of the first NSW generation and storage tender, and what it means for the market.

The post Energy Insiders Podcast: Batteries and pumped hydro fight over coal succession plans appeared first on RenewEconomy.

Victoria’s independent safety regulator has banned supply of a local manufacturer's small wind turbines following a series of "dangerous incidents."

The post Faulty wind turbines banned in Victoria over “dangerous incidents” appeared first on RenewEconomy.

Lots of reading for Chris Bowen as public consultation on Australia's second official offshore wind development zone attracts just shy of 2,000 submissions.

The post Huge public interest as Hunter offshore wind zone proposal draws 1,900 submissions appeared first on RenewEconomy.

Analysts have raised their short-term forecasts for EU carbon prices, but warned of coalescing bearish pressures including from increasing permit supply and weakening fundamentals.

There appears no shortage of low cost wind, solar and battery storage. But can pumped hydro step into the fold to replace coal?

The post Low wind and solar prices and long duration batteries: Where now for pumped hydro? appeared first on RenewEconomy.