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New procedures to calculate the allocation of free EUAs to industry may lead to delays in handing out allowances each year, putting at risk a trading strategy that has allowed industrial companies to raise cash during economic downturns, analysts say.

New research sees two-thirds of mollusc types only found living by hydrothermal vents added to IUCN’s red list of endangered species

Almost two-thirds of the hundreds of mollusc species that live in the deep sea are at risk of extinction, according to a new study that rings another alarm bell over the impact on biodiversity of mining the seabed.

The research, led from Queen’s University in Belfast, has led to 184 mollusc species living around hydrothermal vents being added to the global red list of threatened species, compiled by the International Union for the Conservation of Nature (IUCN). While researchers only studied molluscs that were endemic to the vents (hot springs on the ocean floor), they said they would expect similar extinction risks for crustaceans or any other species reliant on the vents.

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Project backed by Boris Johnson likely to get go-ahead but is on site that rare birds travel though, campaigners say

A major new windfarm project that will power millions of homes is likely to be approved on Friday, but conservationists fear for the safety of endangered birds in the area.

The Norfolk Boreas offshore windfarm is due to get the green light from the government, the Guardian can reveal.

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More than 20 per cent of solar output could be curtailed in a future grid, because oversizing solar would be cheaper than storage. But that doesn't count in hydrogen demand.

The post More than 20 per cent of solar may be curtailed in Australia’s renewables grid appeared first on RenewEconomy.

Step change has become AEMO's core scenario to manage the grid, and it assumes a three fold increase in coal retirements by 2030.

The post Brown coal likely to close by 2032, AEMO says, but all coal may be gone by then appeared first on RenewEconomy.

An Estonia-based blockchain company has developed a platform to track offsetting of emissions from LNG shipments and allow several parties to contribute carbon credits to the same cargo, in a bid to boost transparency around controversial ‘carbon neutral’ fossil fuel announcements.

This role will be focused on voluntary carbon offtake transactions, carbon neutral commodity transactions and other structured carbon-related transactions.

In Kim Stanley Robinson’s novel The Ministry for the Future, climate disasters kill tens of millions of people – and that’s a scenario he portrays as relatively optimistic

To really grasp the present, we need to imagine the future – then look back from it to better see the now. The angry climate kids do this naturally. The rest of us need to read good science fiction. A great place to start is Kim Stanley Robinson.

Robinson is one of the most brilliant writers of the genre. During Covid quarantine, I read 11 of his books, culminating in his instant classic The Ministry for the Future, which imagines several decades of climate politics starting this decade.

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Renewables developer Total Eren partners with Gransolar to build solar and battery based microgrid in the Galápagos Islands.

The post Galapágos Islands to be powered by solar and big battery micro-grid appeared first on RenewEconomy.

The test site is being built in Moray as part of the development of a space port in the Highlands.

EUA prices slumped back from their record-breaking rally early on Thursday as options traders covered short call positions and unloaded EUAs purchased as a hedge against those positions, sources said.

Scientists working on the Search For The Lost Fishes project have spotted the freshwater Batman River loach, which has not been seen since 1974

A freshwater fish that scientists thought was extinct has been found in south-east Turkey, after an absence of nearly 50 years.

“I’ve been researching this area for 12 years and this fish was always on my wishlist,” said Dr Cüneyt Kaya, associate professor at Recep Tayyip Erdoğan University. “It’s taken a long time. When I saw the distinctive bands on the fish, I felt so happy. It was a perfect moment.”

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In the face of the impending climate catastrophe, there has been a growing clamour to repopulate the trillions of trees our planet has lost over the centuries. But large-scale tree planting is not helping, and in some cases it's creating more problems for the environment. Josh Toussaint-Strauss discusses how we've been getting tree planting wrong, and what we should be doing instead to safeguard precious ecosystems and reduce greenhouse gases

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Questions remain around who will bankroll the tens of gigawatt-hours of battery storage needed for energy arbitrage in Australia.

The post Big batteries had “breakout year” in 2021, but how will the boom play out? appeared first on RenewEconomy.

Global commodity trader Trafigura has added to the growing hydrogen project pipeline in Australia with plans to develop a A$750 million ($540 mln) facility that will be integrated with a large smelter, the South Australian (SA) state government announced on Thursday.

Trump’s energy department blocked a rule intended to phase out less efficient bulbs. Now Biden plans to move forward, slowly

The Biden administration has moved to reverse the depredations endured by one of the more unusual targets of Donald Trump’s culture wars during his time as US president: the humble lightbulb.

The US department of energy has put forward a new standard for the energy efficiency of lightbulbs that would essentially banish the era of older, incandescent technology in favor of LED lighting.

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The decline of "baseload" has been predicted for many years, now South Australia is showing a grid can operate without it.

The post “Baseload” generators have had their day, and won’t be needed in a modern grid appeared first on RenewEconomy.

Australian households could save billions in energy expenditure, while slashing emissions, by going electric and renewable.

The post Electrification and renewables could save Australians $60bn a year in energy costs appeared first on RenewEconomy.

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

California regulator ARB this week distributed the fewest number of new compliance offsets since April, as the number of credits in circulation plummeted as the agency accounted for cap-and-trade retirements from 2018-20.