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Australia Market Roundup: Clock ticking for new human-induced regeneration projects to register, regulator warns

Carbon Pulse - Fri, 2023-06-02 16:59
Australian carbon project developers have been given one month’s notice to register new human-induced regeneration (HIR) projects, ahead of the method’s expiration date in September this year, the Clean Energy Regulator said Friday.
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Network of geothermal power stations ‘could help level up UK’

The Guardian - Fri, 2023-06-02 16:00

Many of Britain’s poorest towns are in areas with greatest potential for renewable energy, says report

A network of underground geothermal plants is being touted as a way to help level up the UK after a report discovered many areas with the greatest geothermal potential lie beneath the towns and cities most in need of investment.

Areas that have been earmarked by the government as part of its levelling up agenda are about three times as likely to be rich in untapped energy from the earth, according to an academic study commissioned by No 10.

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Marinus Link gets nudge along as cost determinations begin

RenewEconomy - Fri, 2023-06-02 15:10

Australian Energy Regulator starts cost and revenue determinations on 1500MW Marinus Link, paving way for early works on the controversial project.

The post Marinus Link gets nudge along as cost determinations begin appeared first on RenewEconomy.

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Coal generator fined for lousy response to coal plant explosion that rocked the grid

RenewEconomy - Fri, 2023-06-02 15:03

Coal plant owner hit by fines for having the wrong settings on its generating units as regulator investigates why Callide coal explosion had such a big impact on grid.

The post Coal generator fined for lousy response to coal plant explosion that rocked the grid appeared first on RenewEconomy.

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US deal could plug Turkmenistan’s colossal methane emissions

The Guardian - Fri, 2023-06-02 15:00

The central Asian country has the worst rate of climate-heating ‘super-emitter’ events in the world

The US is in negotiations with Turkmenistan over an agreement to plug the central Asian nation’s colossal methane leaks.

Turkmenistan was responsible for 184 “super-emitter” events in which the powerful greenhouse gas was released in 2022, the highest number in the world. One caused climate pollution equivalent to the rate of emissions from 67m cars.

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Think of solar panels more like apple trees – we need a fairer approach for what we use and sell

The Conversation - Fri, 2023-06-02 14:01
The need to limit output to the grid costs solar panel owners up to $4.5 million a year in South Australia alone. A bill of rights and responsibilities can make connecting to the grid fairer for all. Niraj Lal, Visiting Fellow at the ANU Centre for Sustainable Energy Systems, Australian National University Licensed as Creative Commons – attribution, no derivatives.
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Australian energy company blasted for offering cash to customers to switch from electric to gas appliances  

Carbon Pulse - Fri, 2023-06-02 13:35
Environmental and climate groups have slammed an Australian gas distribution company’s decision to offer cash incentives to customers who switch from electric to gas appliances, saying it flies in the face of efforts to transition away from the fossil fuel to reduce emissions.  
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Asset manager calls on governments to provide regulatory foundations for nature positive investments

Carbon Pulse - Fri, 2023-06-02 13:34
If the world is to meet the goals of the Global Biodiversity Framework (GBF), governments must act swiftly to put in place regulations that incentivise nature positive investments and penalise nature negative activity, a global asset manager has said.
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Fossil gas death spiral: Regulator caps exit fee to “socialise” cost of mass disconnection

RenewEconomy - Fri, 2023-06-02 13:14

Modern kitchen naomi-hebert-MP0bgaS_d1c-unsplash copyRegulator sets exit fee for households seeking to quit gas as they electrify, and allows networks to impose higher fixed charges to recoup investments in face of death spiral.

The post Fossil gas death spiral: Regulator caps exit fee to “socialise” cost of mass disconnection appeared first on RenewEconomy.

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Native raspberries, limes and geraniums: how did these curious plants end up in Australia?

The Conversation - Fri, 2023-06-02 12:20
Whether riding on the feathers of birds or evolving on Gondwana, Australia’s plants got here in very different ways Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Australian airline Qantas launches A$400-mln climate fund, calls for expressions of interest

Carbon Pulse - Fri, 2023-06-02 12:01
Australian airline Qantas will establish a A$400 million ($263.2 mln) fund to provide direct investments in climate-related projects and initiatives, with a focus on sustainability aviation fuel (SAF) and nature-based solutions, the carrier announced this week.
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Coal in NSW could be squeezed out by end of decade. But the timelines are tight

RenewEconomy - Fri, 2023-06-02 10:54

sapphire wind farmNSW roadmap says 14GW of new wind, solar and firming capacity could be delivered by end of the decade to replace coal. But will transmission be built in time?

The post Coal in NSW could be squeezed out by end of decade. But the timelines are tight appeared first on RenewEconomy.

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Australia’s first 2GWh battery is aimed at eliminating a very big solar duck curve

RenewEconomy - Fri, 2023-06-02 10:38

The country's first 2GWh big battery is clearly focused on eliminating the growing solar duck curve in Western Australia.

The post Australia’s first 2GWh battery is aimed at eliminating a very big solar duck curve appeared first on RenewEconomy.

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CP Daily: Thursday, June 1, 2023

Carbon Pulse - Fri, 2023-06-02 09:43
Aa daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

WCI Markets: CCAs meander despite bullish workshop expectations, WCAs steady into Q2 auction

Carbon Pulse - Fri, 2023-06-02 08:46
California Carbon Allowance (CCA) prices plateaued this week despite a forthcoming cap-and-trade rulemaking webinar and relatively strong WCI Q2 auction result, while the lull in activity ahead of Wednesday’s Washington Carbon Allowance (WCA) auction was briefly interrupted by a small trade.
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Are tornadoes in the US getting worse?

BBC - Fri, 2023-06-02 08:30
They are largely unpredictable and unforeseeable but are twisters becoming a more serious threat?
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Developer promotes new Indonesian forest and mangrove carbon project pipeline

Carbon Pulse - Fri, 2023-06-02 07:49
A carbon project developer is showcasing deals made with provincial governments in Indonesia, claiming that the agreements add a very significant volume of carbon credits to its project pipeline.
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New York solicits input on speculative participation, trading restrictions in cap-and-invest programme design

Carbon Pulse - Fri, 2023-06-02 07:38
New York state is taking feedback on all design elements of its proposed economy-wide cap-and-invest system including speculative participation, trading restrictions, allowance holding period limits, and reporting requirements, even as it contemplates linkage with other jurisdictions’ programmes, government officials told a webinar on Thursday.
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ExxonMobil to bury 800k tonnes of CO2/yr from US steel producer

Carbon Pulse - Fri, 2023-06-02 06:23
Oil major ExxonMobil on Thursday announced a carbon capture and storage (CCS) deal to bury 800,000 tonnes of CO2e annually from a US steelmaker.
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Companies that use carbon credits twice as successful at GHG abatement -report

Carbon Pulse - Fri, 2023-06-02 06:19
Corporations that are “material” users of carbon credits have slashed their emissions twice as fast as companies that have not made such purchases, aa research firm said in a report published Thursday.
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