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Mast Upgrade: UK experiment could sweep aside fusion hurdle
Prepare for disorderly shift to low-carbon era, firms and investors told
No G20 country is on track to meet climate goals and disruption to business is inevitable, says risk assessor
Major businesses and investors in the world’s largest economies should brace themselves for a turbulent transition to a low-carbon future because none of the G20 countries are on track to meet their climate ambitions, according to a new report.
There is “no longer any realistic chance” for an orderly transition for global financial markets because political leaders will be forced to rely on “handbrake” policy interventions to cut emissions, according to research from risk intelligence company Verisk Maplecroft.
Continue reading...Virginia industry group pushes back on RGGI auction switch, labels programme an illegal tax
VER prices of $100/tonne necessary to attain return on investment -private jet broker
A new flagship coal plant failed spectacularly – but it won’t be the last time
A massive blackout was caused by the failure of a new coal plant. It's part of a wider trend marking the beginning of the end for Australian coal.
The post A new flagship coal plant failed spectacularly – but it won’t be the last time appeared first on RenewEconomy.
Snowy CEO denies conflicts of interest over Kurri Kurri land deal
Snowy Hydro CEO dismisses suggestions of conflicts of interest over Kurri Kurri land deal in a combative senate estimates hearing.
The post Snowy CEO denies conflicts of interest over Kurri Kurri land deal appeared first on RenewEconomy.
Tasmanian devils born on Australian mainland after 3,000 years
Emu vs cassowary: one has a dagger-like claw, the other explosive agility — but who would win in a fight?
Wondering if your energy company takes climate change seriously? A new report reveals the answer
EU emitters turn in nearly 1.6 billion Kyoto credits since 2008, as cheap ETS compliance option ends
Seven in 10 Australians want government to take more action on climate, survey finds
The Lowy Institute’s annual survey of sentiment on climate action found strong support for net zero emissions by 2050 and a ban on new coalmines
The Morrison government is under increasing pressure to act on the climate crisis, with a new poll showing seven in 10 Australians want the Coalition to lock in stronger commitments in the lead-up to this year’s Glasgow summit.
The Lowy Institute’s annual survey of sentiment on climate action finds strong domestic support for Australia committing to achieve net zero emissions by 2050 and majority support for a ban on new coalmines.
Continue reading...World sees 18% increase in global carbon pricing revenue in 2020 – World Bank
North Carolina committee to consider RGGI rulemaking petition in June
Global heating: Study shows impact of 'climate racism' in US
EU leaders fail to agree over national GHG reduction targets from non-ETS sectors
Euro Markets: EUA recovery falters after weak auction, as UKAs flirt with record highs
Big oil companies are driven by profit – they won't turn green by themselves | Brett Christophers
Renewables are getting cheaper, but fossil fuels are still more lucrative. To reach net zero, we’ll need radical intervention
Last week, the International Energy Agency (IEA), the world’s leading energy authority, laid bare the scale of the challenge in keeping the world on track to achieve net-zero emissions by 2050: a massive acceleration in renewable energy development and, starkly, no new oil, gas or coal development. None.
For as long as coal remained cheapest, the IEA consistently predicted that it would continue to be the dominant energy source in electricity generation. Now that renewables, and solar in particular, generate electricity as cheaply – and often cheaper – than hydrocarbons, the IEA considers a rapid energy transition more achievable. It finds encouragement in the cost of the respective energy types: in economic terms, the IEA’s is a “cost-centric” worldview.
Continue reading...China Originator, BP – Shanghai
Poland defies EU court by refusing to close major brown coalmine
Shutting Turów lignite mine would cause thousands of job losses, says development minister
Poland’s government has defied an injunction by the top European Union court that ordered the immediate closure of a major brown coalmine, with officials saying it would shake the nation’s energy system and lead to the loss of thousands of jobs.
The country’s development minister, Jarosław Gowin, said Poland would not shut the lignite mine in Turów, on the border with Germany and the Czech Republic, but instead was engaged in “very intensive diplomatic and law-related efforts” to secure undisturbed operation of the mine and connected power plant that generates 7% of Poland‘s energy.
Continue reading...Turkey struck by ‘sea snot’ because of global heating
Increasing blanket of mucus-like substance in water threatens coral and fishing industry
When seen from above, it looks like a brush of beige swirled across the dark blue waters of the Sea of Marmara. Up close, it resembles a creamy, gelatinous blanket of quicksand. Now scientists are warning that the substance, known as sea snot, is on the rise as a result of global heating.
The gloopy, mucus-like substance had not been recorded in Turkish waters before 2007. It is created as a result of prolonged warm temperatures and calm weather and in areas with abundant nutrients in the water.
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