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Federal government green bank backs low-cost solar innovator SunDrive alongside tech billionaire Mike Cannon-Brookes in $21m funding round.

The post CEFC joins Cannon-Brookes in funding round for Aussie solar innovator appeared first on RenewEconomy.

Graham Stuart tells MPs that awarding more than 100 licences for North Sea drilling is a green policy

Fracking and drilling for new oil and gas in the North Sea is green and good for the environment, Liz Truss’s new climate minister said on Wednesday.

Graham Stuart insisted that awarding more than 100 licences to companies for North Sea drilling, covering almost 900 locations, and rolling out fracking across the countryside, were green policies. He told MPs on the environmental audit committee that drilling for new fossil fuels would help the UK reach net zero by 2050.

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The gap between the supply and demand of eligible carbon credits for cancellation against South Africa's domestic carbon tax will average 100 million across each trading phase until at least 2030, and continue well into the 2030s, a conference heard Wednesday.

Study finds chemical companies dodging federal law designed to track how many PFAS plants are pumping into environment

Chemical companies are dodging a federal law designed to track how many PFAS “forever chemicals” their plants are discharging into the environment by exploiting a loophole created in the Trump administration’s final months, a new analysis of federal records has found.

The Fiscal Year 2020 National Defense Authorization Act put in place requirements that companies discharging over 100lbs annually of the dangerous chemicals report the releases to the Environmental Protection Agency (EPA). But during the implementation process, Trump’s EPA created an unusual loophole that at least five chemical companies have exploited.

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EUAs posted a healthy rally on Wednesday morning as a firm Polish auction triggered buying activity, with a 2 million tonne drop in investment funds' net short position also boosting sentiment, while energy prices were largely stable as EU ministers met to discuss ways to cap the price of natural gas used for power generation.

Committee report says government approach on guiding people in tackling climate crisis is muddled and inadequate

A third of the UK’s emissions reductions must come from people’s behaviour changing, a House of Lords committee has said.

A report published on Wednesday by the upper house’s environment and climate change committee urged ministers to lead a public campaign and use regulations and taxation to guide public behaviour change in order to stop the decline of nature and reach legally binding net zero targets.

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Australian political parties are examining the draft legislation the Labor government unveiled this week to create Safeguard Mechanism Credits (SMCs), however passing it could prove challenging if rhetoric from the Greens Party is anything to go by.

South Korea on Wednesday sold only half the allowances on offer in its monthly CO2 permit auction, amid dwindling buy interest as the market again faces challenges with oversupply.

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Singapore-based voluntary carbon trading platform Air Carbon Exchange (ACX) and US-based offset developer C-Quest Capital (CQC) have teamed up to launch what will be the first-ever auction for carbon credits generated from LED light bulb projects, the two companies jointly announced on Wednesday.

The winners of the Natural History Museum’s prestigious Wildlife Photographer of the Year competition. Karine Aigner’s remarkable image of a buzzing ball of cactus bees spinning over the hot sand on a Texas ranch won the Grand Title award. ‘Wings-whirring, incoming males home in on the ball of buzzing bees that is rolling straight into the picture. The sense of movement and intensity is shown at bee-level magnification and transforms what are little cactus bees into big competitors for a single female,’ said chair of the jury, Rosamund Kidman Cox

• The winners will be on display at the Natural History Museum in London

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Australia’s Clean Energy Finance Corporation (CEFC) has committed A$30 million ($18 mln) to a hybrid sustainable grazing model that it says will generate carbon credits and protect biodiversity and sustainable red meat production.

The PM’s vision of growth is part of the class war that is transferring power from Britain’s poorest people to its richest

As a founder member of the anti-growth coalition, I’m delighted to discover how fast it has, ahem, been growing. From small beginnings on the political margins, our grouping, according to the prime minister, now ranges across most political parties, the trade unions, remainers, media pundits, in fact just about everyone in the UK who isn’t a swivel-eyed neoliberal headbanger.

For many years, a small band of us “voices of decline” and “enemies of enterprise” who “don’t understand aspiration” have been trying to point out that increments in gross domestic product do not equate to increments in happiness. We have argued that no one wins the human race. We have sought to explain that what mainstream economists call progress is what ecologists call planetary ruin. We’ve contended that infinite growth on a finite planet is a recipe for catastrophe. I hope Liz Truss is right to claim that so many people now accept our arguments.

George Monbiot is a Guardian columnist

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Energy boss predictions of a further 35% power price hike have sparked a media frenzy that will test federal energy minister Chris Bowen. Can he stick to the message?

The post Amid power price hike mayhem, Bowen invokes the c-word appeared first on RenewEconomy.

The National Trust, RSPB and Wildlife Trusts say all options are on the table amid a rural revolt.

Australian major Beach Energy says it is assessing green energy options like offshore wind and hydrogen, while boosting gas production and banking on CCS.

The post Beach Energy flags interest in offshore wind, but banks on “sensible” CCS appeared first on RenewEconomy.

A group of stakeholders have launched an Indian carbon market association to help shape the development of domestic emissions trading and contribute to boosting the nations' market capabilities.

Queensland shines in the latest rankings of Australia's best performing big solar projects, taking out the top three spots for September.

The post Chart of the Day: Australia’s best performing solar farms appeared first on RenewEconomy.

Government must lead on home insulation and diet, the environment and climate change committee says.

The Nord Stream gas pipe breaches highlight the vulnerability of undersea pipelines and infrastructure in general, of which Australia has a significant network.

The post How safe is undersea energy infrastructure? Nord Stream leaks highlight dangers appeared first on RenewEconomy.