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An Australian carbon removal tech startup has raised A$10 million ($6.7 mln) in seed funding as it gears up to meet its target of capturing 1 billion tonnes of CO2 per year by 2032.

Between 2014-2022, regulated gas networks made $1.8 billion in supernormal profits, on top of their $2 billion profit allowance. What does this mean for consumers?

The post Australians overpaid $1.8 billion to gas networks – now they’re being asked for more appeared first on RenewEconomy.

AGL outlines plans for renewables, storage and industry at its Hunter Hub targeted by Coalition for nuclear, and says flexible generation is they key

The post No room for nuclear: AGL says flexibility is key as it switches from coal to renewables in a decade appeared first on RenewEconomy.

The Constitutional Court of Colombia on Monday decided its first-ever case on carbon credits, ruling that the developer, certifier, auditor, and consultant involved – as well as national authorities – had failed to act with due diligence to safeguard Indigenous rights.

Bjorn Sturmburg from ANU on a landmark event where Nissan Leaf EVs in Canberra proved they could help stabilise the grid when a giant coal plant went out of action.

The post The Driven Podcast: How EVs can keep the lights on appeared first on RenewEconomy.

Producers closed out of California Carbon Allowance short interest across futures contract expiry and ahead of ARB's ETS workshop this week, while traders built RGGI Allowance (RGA) length as prices stay elevated, according to weekly data from the US Commodity Futures Trading Commission (CFTC) delayed due to last week’s US holiday.

The WCI compliance instrument surplus continued to build in Q2 as the market marches forward towards the November deadline for true up obligations in the California-Quebec joint carbon market, government data published Friday showed.

RGGI Allowance (RGA) values over the past week reversed course from earlier records, but stayed well within the range set since early June, while an uptick in activity ahead of the US holiday boosted ICE volumes to the highest in a month.

Technical challenges associated with hydrogen use for clean electricity generation continue to hinder its potential in helping decarbonise the power sector, according to a recent study by a US environmental non-profit.

New Gillard-chaired investment group makes first big battery play as it seeks to build a major renewable and storage platform in Australia.

The post Gillard-chaired investor makes first big battery play as it seeks to build 15 GW energy platform appeared first on RenewEconomy.

Canada’s province of Ontario has opened funding applications for large emitters wanting to implement emissions reduction projects under the recently launched Emissions Performance Program (EPP).

The lack of an existing precedent for carbon removals under the UN Clean Development Mechanism (CDM) is “a blessing and a curse”, said a member of the Paris Agreement's Article 6 Methodological Expert Panel during a webinar Monday, as market standards are yet to be developed under Article 6.

German group Bay-WA seeks green ticks for two major battery projects, one with a wind farm attached.

The post BayWa seeks approval for giant 800 battery near Gladstone and wind and battery hybrid in Victoria appeared first on RenewEconomy.

The shipping industry urgently needs universal standards for measuring methane emissions in order to encourage the use of technologies to cut emissions, an industry-led technical group said on Tuesday.

On the day of a blackout, a trial of vehicle-to-grid technology proved both the capacity of electric vehicles to support grid stability and the importance of exactly when vehicles are charged. Bjorn Sturmberg, Senior Research Fellow, Battery Storage & Grid Integration Program, Australian National University Licensed as Creative Commons – attribution, no derivatives.

Load shedding affects 24,000 customers around Byron Bay after transmission line trips.

The post Load shedding in NSW holiday spot after transmission line trips appeared first on RenewEconomy.

Contrary to popular belief, new research shows the abrupt, often gale force wind changes known as “southerly busters” are becoming more frequent, but less severe, as the climate changes. Milton Speer, Visiting Fellow, School of Mathematical and Physical Sciences, University of Technology Sydney Lance M Leslie, Professor, School of Mathematical And Physical Sciences, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.

By the end of the century, half the world’s deep ocean could be acidic – with serious consequences for some marine animals. Mark John Costello, Professor in Marine Biology, Nord University Peter Townsend Harris, Adjunct Professor in Marine Geology, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

The usual slowdown of the summer holiday season has already arrived in the voluntary carbon market with few major shifts in price, aside from a jump in nature-based spot contracts, and generally weak trading activity this week.

Now on a weekly basis, Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 7, during which new players have emerged and are taking steps to scale their involvement in international markets, while mitigation schemes remain much the same in Colombia and Brazil.