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First look at the new settlement rule of Australia's electricity market, has it worked?

The Conversation - Wed, 2023-03-08 05:06
How has the national electricity market responded to one of the biggest reforms in years, the introduction of five-minute settlement? Analysis reveals more than a few surprises. Christina Nikitopoulos, Associate professor, Finance Discipline Group, University of Technology Sydney Muthe Mwampashi, PhD Candidate, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.
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Solar power can cut living costs, but it's not an option for many people – they need better support

The Conversation - Wed, 2023-03-08 05:05
The very people most in need of the cost savings from installing solar panels are missing out. Better policies are needed to make home solar systems accessible to all Australians. Martina Linnenluecke, Professor of Environmental Finance at UTS Business School, University of Technology Sydney Mauricio Marrone, Associate Professor, Department of Actuarial Studies and Business Analytics, Macquarie University Rohan Best, Senior Lecturer, Department of Economics, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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Blockchain group plans “game changer” voluntary carbon credit marketplace

Carbon Pulse - Wed, 2023-03-08 04:21
A blockchain venture is launching a new voluntary carbon market marketplace to list over 20 million verified tokenised carbon credits at the outset, charging no fees to developers listing their projects.
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Nobel scientist says 'UK research is in jeopardy'

BBC - Wed, 2023-03-08 02:11
A new assessment of Britain's research capability concludes it has "serious and longstanding problems".
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EU gathers experts to help steer the bloc’s course on carbon removals 

Carbon Pulse - Wed, 2023-03-08 00:37
The European Commission convened its first expert group meeting for carbon removals on Tuesday, aiming to steer the EU’s development of certification methodologies and legislation of technologies deemed crucial for the bloc to meet its goal of reaching net zero emissions by 2050. 
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-03-07 22:48
European carbon posted robust early gains before stabilising on Tuesday morning as technical factors dominated the session, while energy markets were little changed as prices have entered fuel-switching territory.
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Analytics firm rebrands and outlines bullish outlook for EUAs

Carbon Pulse - Tue, 2023-03-07 21:55
European carbon prices will remain strong out to 2030 despite a recent correction, according to analysts at an energy consultancy that announced its rebranding in a statement Tuesday.
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Why this town wants its coal mine back amidst the climate crisis – video

The Guardian - Tue, 2023-03-07 21:13

The controversial decision to approve a new coalmine in Cumbria was met with dismay by UK environmental groups, with many wondering what it meant for a country that has pitched itself as a leader in the green energy revolution. But in the town of Whitehaven where the mine is to be situated, the feeling is very different, with vast support across the political spectrum. The Guardian's Richard Sprenger travels to the Mirehouse estate, a short distance from the Woodhouse Colliery site, to find out what lies behind this positivity in the face of a profound climate crisis

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Sinopec backs inclusion of CCUS in China carbon offset scheme

Carbon Pulse - Tue, 2023-03-07 19:50
China should accelerate the research and application of carbon capture, utilisation, and storage (CCUS) technologies and include such projects in the national offset programme, a top official at oil giant Sinopec has called for.
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Japan forced to destroy flagship H3 rocket in failed launch

BBC - Tue, 2023-03-07 19:25
The rocket's failure to launch is a significant blow to the country's space plans.
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Australia Market Roundup: Senate inquiry report fails to push needle on Safeguard Mechanism, as ACCU issuance remains modest

Carbon Pulse - Tue, 2023-03-07 18:37
A Senate committee on Tuesday released its inquiry report into the Safeguard Mechanism without shifting the debate much as opposition parties published their own dissenting reports, while new Australian Carbon Credit Issuance (ACCU) remained modest.
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The Democrats botched the Ohio disaster response – and handed Trump a victory | Michael Massing

The Guardian - Tue, 2023-03-07 18:17

The failure of Pete Buttigieg, the US secretary of transportion, to appear for nearly three weeks recalls the incompetence of Fema during Hurricane Katrina

“Where’s Pete Buttigieg?” someone shouted at a February 15 town hall meeting in East Palestine, Ohio. “I don’t know,” Mayor Trent Conaway replied.

Twelve days earlier, a Norfolk Southern train carrying hazardous chemicals had derailed near the town. Three days later, the company announced it was going to carry out a controlled burn of vinyl chloride that would send dangerous gasses into the air, forcing many of East Palestine’s 4,700 residents to evacuate. They returned after receiving assurances that the air and water were safe, but a strong chemical odor clung to the town, and many continued to complain of headaches, nausea, and burning throats. And so several hundred residents had crowded into a local school to demand answers. Conaway said that two weeks had passed before anyone at the White House had contacted him, and the US secretary of transportation still hadn’t materialized.

Michael Massing is the author most recently of Fatal Discord: Erasmus, Luther, and the Fight for the Western Mind

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Japan backs Australian coal to hydrogen export project with over A$2 bln from green fund

Carbon Pulse - Tue, 2023-03-07 17:46
The Japanese government has committed A$2.35 billion ($1.6 bln) to develop a controversial hydrogen supply chain project that utilises a process known as brown coal gasification combined with CCS, to produce and liquefy the fuel for shipping from Australia to Japan, it was announced on Tuesday.
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We now have a treaty governing the high seas. Can it protect the Wild West of the oceans?

The Conversation - Tue, 2023-03-07 15:07
It took almost 20 years. but the world has finally agreed on the so-called High Seas Treaty to better protect marine life in unregulated waters Sarah Lothian, Lecturer and Academic Barrister, Australian National Centre for Ocean Resources and Security, University of Wollongong, University of Wollongong Licensed as Creative Commons – attribution, no derivatives.
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Three quarters of institutional investors include fossil fuel bans in their climate policies

RenewEconomy - Tue, 2023-03-07 14:14

AYCC - Fund Future Not Gas - 2021 federal budget - optimisedA survey of institutional investors with a combined $2.1trn under management finds net zero goals getting more ambitious, including forms of fossil fuel exclusion.

The post Three quarters of institutional investors include fossil fuel bans in their climate policies appeared first on RenewEconomy.

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Japan to spend $2.35bn on turning Victorian Latrobe valley coal into ‘clean hydrogen’

The Guardian - Tue, 2023-03-07 13:51

Japan Suiso energy boss says hydrogen project incorporating carbon capture and storage ‘truly a watershed moment’ in decarbonising

Japan is putting $2.35bn into a project to turn coal from Victoria’s Latrobe valley into “clean hydrogen” using carbon capture and storage technology.

The investment marks the start of the “commercial demonstration phase” of the Hydrogen Energy Supply Chain (HESC) project which last year delivered a world-first cargo of liquefied hydrogen to Japan on a purpose-built ship.

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“Fiscal lunacy:” Australia urged to clean up solar supply chain, rather than chase hydrogen “hopium”

RenewEconomy - Tue, 2023-03-07 13:47

Australian company that is largest solar developer in US says Canberra should be focused on solar supply chain, not matching US on green hydrogen support.

The post “Fiscal lunacy:” Australia urged to clean up solar supply chain, rather than chase hydrogen “hopium” appeared first on RenewEconomy.

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Wind and solar output hits new records as heat waves sweep across country

RenewEconomy - Tue, 2023-03-07 13:39

The spate of heatwaves across Australia has coincided with some wind and solar output records. So how much storage will we really need?

The post Wind and solar output hits new records as heat waves sweep across country appeared first on RenewEconomy.

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CP Daily: Monday March 6, 2023

Carbon Pulse - Tue, 2023-03-07 12:58
A daily summary of our news plus bite-sized updates from around the world. 
Categories: Around The Web

UK emissions fall as coal use drops to lowest level since 1757

RenewEconomy - Tue, 2023-03-07 12:50

air pollution leeds UK early 20th CenturyUK emissions fell in 2022 due to strong renewables growth and high fossil fuel prices. The last time coal demand was this low was when George II was king.

The post UK emissions fall as coal use drops to lowest level since 1757 appeared first on RenewEconomy.

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