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Macquarie launches 8GW European solar pipeline

RenewEconomy - Thu, 2021-02-04 14:07

Macquarie creates Cero Generation, with more than 8 gigawatts of solar projects and plans to be the biggest solar energy company in Europe.

The post Macquarie launches 8GW European solar pipeline appeared first on RenewEconomy.

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How AGL lost nearly $2 billion from its early push into wind farms

RenewEconomy - Thu, 2021-02-04 13:50

How did AGL manage to lose nearly $2 billion on its early wind farm investments? And can it avoid a repeat as it manages the survival and exit of its coal and gas assets.

The post How AGL lost nearly $2 billion from its early push into wind farms appeared first on RenewEconomy.

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MG leads growth in electric SUV sales, but Australia still lags world EV push

RenewEconomy - Thu, 2021-02-04 13:25

mg zs evThe new MG has helped lift electric SUV sales in Australia off a tiny base, but the growth is swamped by consumer demand for fossil fuel cars as Australia falls further behind rest of world.

The post MG leads growth in electric SUV sales, but Australia still lags world EV push appeared first on RenewEconomy.

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South Korea postpones monthly carbon auctions

Carbon Pulse - Thu, 2021-02-04 13:19
South Korea will drop its planned monthly KAU auctions in February and March amid poor market liquidity and low prices, and will instead add the volume from those events to its June sale, the environment ministry has said.
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Climate change: Boris Johnson 'risks humiliation' over coal mine

BBC - Thu, 2021-02-04 13:08
A leading climate scientist warns Boris Johnson that digging for coal undermines efforts on climate change.
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CP Daily: Wednesday February 3, 2021

Carbon Pulse - Thu, 2021-02-04 12:15
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

Underinsurance is entrenching poverty as the vulnerable are hit hardest by disasters

The Conversation - Thu, 2021-02-04 11:59
Instead of telling people to buy more of the right type of insurance, we should be asking how insurance can work better for people. Kate Isabel Booth, Senior Lecturer in Human Geography and Planning, University of Tasmania Chloe Lucas, Research Fellow, Geography, Planning and Spatial Sciences, University of Tasmania Christine Eriksen, Senior Researcher, Swiss Federal Institute of Technology Zurich Licensed as Creative Commons – attribution, no derivatives.
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Wave Swell Energy installs generator off King Island in world first hybrid trial

RenewEconomy - Thu, 2021-02-04 11:29

Uniwave King IslandAustralian “oscillating water column” (OWC) technology successfully installed in Grassy Harbour after Covid delays and "flawless" 40-hour journey from Hobart.

The post Wave Swell Energy installs generator off King Island in world first hybrid trial appeared first on RenewEconomy.

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AGL in massive $2.7 billion writedown, Origin also hit by lower power prices

RenewEconomy - Thu, 2021-02-04 10:05

 VestasAGL takes massive $2.7 billion hit from write-down of assets, as both it and Origin flag falling profits from lower power prices and higher gas costs.

The post AGL in massive $2.7 billion writedown, Origin also hit by lower power prices appeared first on RenewEconomy.

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US EPA has “clean slate” for developing new power sector GHG regulation, though exact plan uncertain

Carbon Pulse - Thu, 2021-02-04 09:43
President Joe Biden’s (D) administration has a “clean state” on developing a regulation to reduce power sector emissions, EPA administrator nominee Michael Regan said Wednesday, as he committed to let states implement more ambitious vehicle GHG standards than the federal government and bring greater transparency to the Renewable Fuel Standard (RFS) if confirmed as head of the agency. 
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UK court dismisses carbon fraudster appeals over unqualified expert witness

Carbon Pulse - Thu, 2021-02-04 09:36
An UK appeals court has upheld convictions against seven men charged with committing fraud via various carbon markets, rejecting challenges over the prosecution's use of an expert witness who was later discredited.
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Transmission projects in doubt after AEMC rejects financing rule change

RenewEconomy - Thu, 2021-02-04 08:26

AEMO ISP Power Transmission Tower - optimisedNew transmission links considered essential to renewables transition in doubt after AEMC says six dollar a year impact too much to allow for change in rules.

The post Transmission projects in doubt after AEMC rejects financing rule change appeared first on RenewEconomy.

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Senate Republicans frame Biden’s climate executive orders as bad for economy, GHG reductions

Carbon Pulse - Thu, 2021-02-04 06:42
Republican Senators took aim at a suite of climate-related executive orders signed by President Joe Biden (D) during a committee hearing on Wednesday, saying the policies would provide little environmental benefit and negatively impact the economy.
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Scott Morrison has embraced net-zero emissions – now it's time to walk the talk

The Conversation - Thu, 2021-02-04 04:59
A net-zero goal will provide clarity, ambition and focus. But Morrison must back the rhetoric with investment and policy commensurate with the task. Anna Malos, Australia - Country Lead, ClimateWorks Australia Anna Skarbek, CEO at ClimateWorks Australia, Monash University Licensed as Creative Commons – attribution, no derivatives.
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Court rules France’s climate inaction “illegal”, in another landmark case

Carbon Pulse - Thu, 2021-02-04 04:26
France is not doing enough to tackle climate change, a Paris court ruled on Wednesday, becoming the third EU nation to be held legally responsible for its climate inaction.
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More EU ETS delinquents ‘named and shamed’ by German government

Carbon Pulse - Thu, 2021-02-04 03:43
The German government has ‘named and shamed’ another group of companies for failing to comply with the EU ETS, including a pair of Egyptian airlines.
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Danish utility Orsted sees coal power use rise, hindering climate goal progress

Carbon Pulse - Thu, 2021-02-04 02:49
Danish utility Orsted reported an uptick in its coal power use over 2020 as its grid-balancing services were called upon more due to a pandemic-induced shift in power demand, the company said on Wednesday.
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Court convicts French state for failure to address climate crisis

The Guardian - Thu, 2021-02-04 01:18

State found guilty of ‘non-respect of its engagements’ aimed at fighting global warming

A Paris court has convicted the French state of failing to address the climate crisis and not keeping its promises to tackle greenhouse gas emissions.

In what has been hailed as a historic ruling, the court found the state guilty of “non-respect of its engagements” aimed at combating global warming.

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Plant-based diets crucial to saving global wildlife, says report

The Guardian - Thu, 2021-02-04 00:30

Vicious circle of cheap but damaging food is biggest destroyer of nature, says UN-backed report

The global food system is the biggest driver of destruction of the natural world, and a shift to predominantly plant-based diets is crucial in halting the damage, according to a report.

Agriculture is the main threat to 86% of the 28,000 species known to be at risk of extinction, the report by the Chatham House thinktank said. Without change, the loss of biodiversity will continue to accelerate and threaten the world’s ability to sustain humanity, it said.

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EU Market: EUAs spike to new record on short-covering, sky-high auction clearance

Carbon Pulse - Wed, 2021-02-03 21:43
EU carbon prices prices jumped over 7% to a new all-time high on Wednesday as traders scrambled to secure allowances, which led to a record auction clearance.
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