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The UK's legislative framework is insufficient to meet its emissions targets and has "shocking" shortcomings on energy efficiency, the government's expert advisors said in a report published Wednesday.

AEMO revealed new generation and project proposals now total more than 150GW, as it prepares to release latest 20-blueprint of how to connect it all to the grid.

The post New generation and storage pipeline reaches 150GW as AEMO prepares its plan appeared first on RenewEconomy.

Spanish police have arrested 27 people and seized €11 million worth of smuggled F-gases in a major bust of a criminal network.

With half the sector now in its sights Ofwat is right to start talking tough

Has Ofwat woken from its slumbers? There are encouraging signs. On the troubled issue of sewage – specifically, the vast quantities of the stuff pumped into rivers – the water regulator in England and Wales is suddenly talking as if it means business.

“From what we have seen so far, the scale of the issue here is shocking,” said David Black, chief executive, in unusually strong language as he added South West Water, owned by quoted group Pennon, to the list of firms targeted with enforcement cases connected to the management of treatment works.

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You will build on a long established and successful carbon markets business to establish and grow MBCL’s activities in Voluntary Carbon Markets. You will be working with clients and prospects to provide Carbon Neutral and Net-Zero solutions, supporting clients by calculating their emissions and requirements for carbon credits.

A carbon credit rating agency has downgraded a REDD forest protection project in its latest update, but also left the activity open for further review.

CME Group is adding two new voluntary carbon market futures contracts to cover vintages no longer eligible for delivery on its existing rolling contracts, the exchange operator announced Tuesday.

A firm specialising in building and operating direct air capture (DAC) facilities has said it will build its largest plant following a large equity raise earlier this year, as it targets multi-million tonnes of carbon removal capacity by 2030.

Labor will rely on Abbott-era climate policy to deliver the bulk of emissions cuts to hit its 2030 target. It must avoid making the same policy mistakes.

The post How Labor might transform Abbott’s climate policy and actually cut industrial emissions appeared first on RenewEconomy.

G7 leaders wrapped up their three-day summit on Tuesday with German ​​Chancellor Olaf Scholz touting an agreement on a new international climate club, while leaders also noted the requirement for greater fossil investment in the face of Russia’s invasion of Ukraine.

A comeback in coal demand last year pushed global CO2 emissions from energy perilously close to 2019 levels, even though there was a surge in renewable power and economies were still battered by the Covid catastrophe, oil major BP said in its annual statistical review on Tuesday.

EUAs rallied after a weak opening on Tuesday morning as the market awaited a united position among member states on ETS reforms, while energy prices sagged as the EU sought more ways to cut gas consumption.

EU environment ministers were bracing for talks to run late into Tuesday evening to reach a united position on several Fit for 55 (FF55) climate policy reform proposals, with opening exchanges suggesting that several thorny issues are outstanding.

Nairobi biodiversity talks end in stalemate, prompting open letter to world leaders calling for action before Montreal conference

UN biodiversity negotiations have reached crisis point due to a lack of engagement from governments, leading NGOs have warned, three years after experts revealed that Earth’s life-support systems are collapsing.

Last week, countries met in Nairobi for an extra round of talks on an agreement to halt the human-driven destruction of the natural world, with the final targets set to be agreed at Cop15 in Montreal. Governments have never met a target they have set for themselves on halting the destruction of nature despite scientists warning in 2019 that one million species face extinction, and that nature is declining at rates unprecedented in human history.

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The world’s publicly listed companies must reduce their carbon intensity by an annual average of 8-10% every year until 2050 if the target to limit warming to 1.5C is to be met, although only 39% of companies have managed to reduce their emissions intensity at that rate over 2019-20, research has found.

Regulator expands investigation after suggestions water firm was not complying with legal obligations

The regulator Ofwat has expanded its investigation into the dumping of raw sewage to include South West Water after finding “shocking” failures in the way the majority of water companies run their waste treatment works.

Ofwat said on Tuesday it had extended its inquiry after heightened concerns about South West Water’s environmental performance and suggestions it was not complying with its legal obligations.

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Members of the public often report seeing condoms and toilet paper in England and Wales's waterways.

Exclusive: Campaigners say funding could provide incentive to restart fracking if moratorium is lifted

Fracking companies are likely to be eligible for tax breaks, potentially worth billions, that the government is extending to oil and gas companies to encourage new exploration of fossil fuel resources.

Combined with high gas prices, the extra funding – which amounts to a subsidy, according to campaigners – could provide a strong incentive to restart fracking operations if a moratorium in the UK is lifted, which could happen as early as this week.

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South Korea will increase the share of CO2 allowances in its emissions trading scheme that is auctioned instead of handed out for free, saying the current allocation of 10% is insufficient.

Hornsdale big battery fined over response to market when country's biggest coal unit failed, and AGL wind farms fined over settings in lead up to South Australia blackout.

The post Tesla big battery fined for failing to deliver promised capacity when coal plant tripped appeared first on RenewEconomy.