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Labor leader Anthony Albanese says the party plans to reduce emissions by 43% by 2030 (on 2005 levels) if it wins the next federal election. The target is lower than the number it took to the 2019 election but higher than the Coalition's goal of 26-28%. Labor says its plan, which includes upgrading the electricity grid and an electric vehicle strategy, will create more than 600,000 jobs, cut power bills and reduce emissions

• Anthony Albanese commits Labor to emissions reduction target of 43% by 2030

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If it wins next year’s election, Australia’s opposition party will increase the nation’s 2030 emissions target and achieve those cuts by investments in clean power and tightening the Safeguard Mechanism CO2 baselines for industrials, it announced Friday.

Latest Clean Energy Regulator data sets the scene for "a big reduction of emissions” going into 2022, as solar and wind continue to push coal out of the mix.

The post Regulator tips “big reduction” in emissions in 2022, as renewables push out more coal appeared first on RenewEconomy.

Labor eyes 82 pct market share for renewables and 89 pct share of EVs in new vehicle sales by 2030, as part of its revised and "modest" emissions target.

The post Look, no taxes! Labor’s modest target assumes 82 pct renewables and 89 pct EVs by 2030 appeared first on RenewEconomy.

Labor’s 2030 emission reduction target of 43% is more ambitious than the Coalition, but still falls well below what the science says is needed. Wesley Morgan, Research Fellow, Griffith Asia Institute and Climate Council researcher, Griffith University Licensed as Creative Commons – attribution, no derivatives.

NSW seeks proposals for wind, solar and storage project in a new renewable energy zone centred at the heart of its coal mining regions.

The post NSW seeks wind, solar and storage proposals for Hunter and Central Coast REZ appeared first on RenewEconomy.

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British Columbia Low Carbon Fuel Standard (LCFS) credits reached new highs last month, but the province isn’t likely to move forward with a price cap, a government official told a conference Thursday.

Australians are ready to embrace electric vehicles - but an emissions ceiling would speed up the transition dramatically. Ingrid Burfurd, Senior Associate, Transport and Cities Program, Grattan Institute, Grattan Institute Licensed as Creative Commons – attribution, no derivatives.

California Carbon Allowances (CCAs) were taken to the woodshed this week as ICE's margin hike and coronavirus worries weighed on a market still recovering from a surprisingly low auction settlement, while RGGI Allowance (RGA) prices trended down as traders awaited the result of the power sector scheme’s own Q4 sale.

Labor to take a 43 per cent emissions target to the next federal election, and a paired back policy platform designed to blunt Morrison scare campaign.

The post Labor lowers 2030 target to 43 per cent, to blunt Morrison scare campaign appeared first on RenewEconomy.

Ben Bolot from ATCO on the role pumped hydro storage could play in a renewables dominated grid in Australia.

The post Energy Insiders Podcast: Hazelwood transition from dirty coal plant to big battery appeared first on RenewEconomy.

The oil giant said the economic case for investment in the controversial project was "not strong enough".

The fast-growing market for voluntary carbon credits would be bolstered by the further development of derivatives trading, but several key legal issues including the uncertain legal nature of offsets need to first be addressed, a major financial industry trade association has said.

A 150MW solar farm - by far the biggest in New Zealand - is to be built at Christchurch Airport, and funded by an Australian-based renewables fund.

The post New Zealand’s biggest solar farm to be built at Christchurch Airport appeared first on RenewEconomy.

Massive Queensland green hydrogen project signs up 600MW solar farm, the first of a dozen similar deals to reach its 2030 production targets.

The post Acciona signs solar supply deal for 3GW green hydrogen plant in Queensland appeared first on RenewEconomy.

Climate Analytics says Scarborough project’s emissions expected to be 1.37bn tonnes of CO2, which would slow push to reach net zero

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Energy giant Woodside and Australian governments are betting against the success of the Paris climate agreement by backing a gas development that would substantially increase greenhouse gas emissions, according to a new report.

Woodside last month announced it had made a final investment decision to develop the $16bn Scarborough to Pluto liquefied natural gas (LNG) project off Western Australia’s north-west coast.

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EU energy ministers are still at odds over whether to intervene in the EU ETS amid a long-lasting energy price spike, with a few member states still pushing for temporary relief at Thursday's Council meeting.

Oil giant cites weak economic case as reason for deciding not to go ahead with controversial project off Shetland

Shell has pulled out of a controversial new oilfield off the Shetland Islands, plunging the future of oil exploration in the area into doubt.

Shell, which was planning to exploit the field along with the private equity-backed fossil fuel explorer Siccar Point, cited a weak economic case as its reason for deciding not to go ahead with the project.

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