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Green businesses and jobs are booming – in stark contrast to the national economy – but political U-turns risk future growth

The UK’s net zero economy grew by 9% in 2023, a report has revealed, in stark contrast to the 0.1% growth seen in the economy overall. Nevertheless, the report pointed out that strong future growth from green businesses was being put at risk by government policy reversals, lack of investment and competition from the EU and US.

Thousands of new green companies were founded in 2023 and overall the sector was responsible for the production of £74bn in goods and services and 765,000 jobs, according to the report by the Energy and Climate Intelligence Unit (ECIU) and the Confederation of British Industry (CBI).

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A Japanese consortium is planning a multistep programme to develop clean fuels via capturing CO2 from industries that cannot be easily transitioned to lower emissions via electrification or the use of hydrogen to create new ‘e-fuels’ produced in Australia that can be used in place of traditional fossil fuels.

Australia’s Woodside Energy has bought nearly all the Australian Carbon Credit Units (ACCUs) it needs to meet its compliance obligations to 2030 under the Safeguard Mechanism, according to its climate report released Tuesday.

Japan will next month certify 63 more Other Effective area-based Conservation Measures (OECMs) that businesses can choose to support financially in exchange for biodiversity support certificates, the environment ministry announced Tuesday.

Clean Energy Council calls on federal Labor to ramp up investment "with a view to ...full decarbonisation of the electricity sector by 2035."

The post CEC calls for big budget spend on renewables, and net zero grid by 2035 appeared first on RenewEconomy.

EnergyAustralia says both its proposed four-hour battery projects are competing in government's Capacity Investment Scheme.

The post EnergyAustralia says two four-hour battery projects competing for government contracts appeared first on RenewEconomy.

Landholders in Queensland are being invited to register interest in hosting renewables projects along the path of a 930km new transmission line.

The post Landowners invited to host gigawatts of solar and wind along 930km “clean energy corridor” appeared first on RenewEconomy.

Independent modelling proposes an economy run on sunshine that could recharge the Northern Territory and avoid environmental harm from taxpayer-subsidised gas.

The post Solar, electrification and a big battery: Report says Top End can thrive without gas appeared first on RenewEconomy.

In our market-driven world, calculating the economic value of the environment can be a useful tool in garnering support for environmental protection. Rachel Baird, Senior Lecturer , University of Tasmania Natalie Stoeckl, Professor of Economics, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

South Australia fast tracks its target of "net 100 pct" renewables to 2027 - rather than 2030 - as a result of the state's new wind and solar developments and ambitious hydrogen plans.

The post South Australia fast-tracks 100 pct renewables target to 2027 appeared first on RenewEconomy.

Investor sentiment in New Zealand’s forestry sector is low, as the industry looks to the newly-elected coalition government to provide details on proposed policies and address overhanging issues left over from the previous Labour administration, market participants told Carbon Pulse.

A miniscule, transparent fish makes drumming sounds as loud as a jackhammer, say researchers.

Satellites reveal a 50-year record of climate change by tracing the lumpiness in ice surfaces.

Satellites reveal a 50-year record of climate change by tracing the lumpiness in ice surfaces.

Satellites reveal a 50-year record of climate change by tracing the lumpiness in ice surfaces.

Ammonia is essential for fertiliser production but producing it is carbon intensive.

Ammonia is essential for fertiliser production but producing it is carbon intensive.

Ammonia is essential for fertiliser production but producing it is carbon intensive.

Two oil and gas majors and a gas shipping company have joined an initiative aimed at improving technologies to measure and mitigate methane emissions from the maritime sector, in an effort to reduce pollution from the use of  LNG as a fuel. 

Companies should shift towards carbon removals with durable storage in their credit-buying strategies as opposed to credits for emissions avoidance or reductions, say academics in updated offsetting guidance.