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New report says gas consumers have suffered since being plunged into the international market - and created a direct transfer of wealth from households to gas producers.

The post “Slow moving train wreck:” Gas prices triple since Woodside cut special deal with state government appeared first on RenewEconomy.

With Article 6 rules now in the books following consensus at COP29 in Baku, carbon market watchers said during a Thursday panel that there was still no clarity on when the international market would begin recording its first trades.

South Australia has the highest wind and solar share in Australia and no baseload power - and is the only state in the main grid not facing a shortfall of "system strength."

The post South Australia has the most wind and solar and no baseload: So why is it the only state not fretting about a vulnerable grid? appeared first on RenewEconomy.

The US is pushing back its planned return to the Moon as it fixes a heat shield issue.

Demand for better visibility into how consumers use assets like rooftop solar, and how they run their energy hungry appliances, is becoming increasingly crucial. Sense has a solution that's coming to Australia soon.

The post From coal face to grid edge: Sense’s mission to drive the energy transition and empower consumers along the way appeared first on RenewEconomy.

The UK government has watered down plans to decarbonise the electricity grid by 2030, setting a new target of achieving at least 95% of clean power by 2030.

Legal experts are calling on the EU to work with the remaining members of an alliance that protects fossil fuel assets to challenge its problematic ‘sunset clause’, and create a replacement that champions clean energy.

The European Commission is likely to put forward a proposal to exclude small companies from the EU's Carbon Border Adjustment Mechanism (CBAM)  in Feb. 2025, a senior official told Carbon Pulse on Thursday.

French Prime Minister Michel Barnier's ousting on Thursday raises new risks and uncertainties for national and EU-wide climate action, particularly for the private finance sector — and it comes just as France begins to show signs of progress, according to an expert.

EU member states can still use Article 6 for above-and-beyond mitigation, the head of the EU’s international carbon markets diplomacy taskforce told Carbon Pulse at the sidelines of a conference on Thursday, despite the bloc's current plans to avoid using international carbon credits towards UN climate goals.

The EU should reconsider exempting the least developed countries, as well as Ukraine, from its incoming carbon border fee, and use its revenues to help developing countries decarbonise their industries and minimise the blow, a think tank recommended this week.

Strong growth in futures has driven EEX exchange-traded EU carbon volumes higher in both November and 2024 to date, according to data published Thursday.

A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.

A global food and pet care products manufacturer on Dec. 5 announced several partnerships with suppliers and soil carbon project developers to scale regenerative farming practices across Europe.

Nomura Asset Management plans to incorporate nature-related opportunity indicators into its proprietary ESG scoring model in the “near future”, an executive has told Carbon Pulse.

The Association of Southeast Asian Nations (ASEAN) member countries must actively implement carbon pricing mechanisms and increase investment to decarbonise hard-to-abate sectors in order to effectively respond to EU’s Carbon Border Adjustment Mechanism (CBAM), a report has found.

A coalition of First Nations has announced its intention to file legal action against Canada’s carbon tax, claiming the federal government breached their duty to consult the groups when instituting the carbon pricing scheme.

Some media outlets are already offering forecasts nearly three weeks out – but the BoM advises people to check in on 18 December

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Wondering whether to pack a poncho or sunhat for carols? Locking in plans for a picnic or pool party on 25 December?

Some media outlets are already offering a Christmas Day forecast – nearly three weeks out from the festivities – but is it too early to rely on the festive weather forecast?

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Financiers, mostly development banks, at the UN desertification conference COP16 in Riyadh, Saudi Arabia this week have committed $12 billion towards drought resilience, land restoration, and combatting land degradation.

European carbon prices were marginally lower at midday, following the evolution in front-month natural gas as both markets consolidated amid what has been a weak few days.