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Eraring extension may burn a big hole in Australia’s biggest renewable energy tender
The post Eraring extension may burn a big hole in Australia’s biggest renewable energy tender appeared first on RenewEconomy.
Sorting fact from renewable fiction: Handy resources for debunking solar and wind myths
The post Sorting fact from renewable fiction: Handy resources for debunking solar and wind myths appeared first on RenewEconomy.
“High rewards, no regrets:” Council gas bans could save new-build home owners $600 a year on energy
The post “High rewards, no regrets:” Council gas bans could save new-build home owners $600 a year on energy appeared first on RenewEconomy.
A fierce battle is being fought in the soil beneath our feet – and the implications for global warming are huge
World’s first carbon insurance product launched to protect trade in ITMOs
‘At heart it’s the same technology’: the heat pump that uses water instead of air
Equipment being trialled in Scotland extracts warmth from nearby water sources to provide homes with heating
Scientists in Edinburgh have developed a home heating system that draws its energy from the world’s most abundant resource: water.
The equipment can use sea water, rivers, ponds and even mine water to heat radiators and water for baths and showers, using the same technology as in air source heat pumps.
Continue reading...Secretive court system has awarded over $100bn public money to corporations, finds new analysis
Fossil fuel firms are biggest beneficiaries of investor-state dispute settlement courts which have awarded $114bn of public money
More than $100bn of public money has been awarded to private investors in investor-state dispute settlement (ISDS) courts, according to the most comprehensive analysis yet.
The controversial arbitration system which allows corporations to sue governments for compensation over decisions they argue affect their profits is largely carried out behind closed doors, with some judgments kept secret. But, according to a global ISDS tracker which launches today, $114bn has so far been paid out of the public purse to investors – about as much as rich nations provided in climate aid in 2022.
A $15bn compensation suit by TC Energy against the US government for cancelling the Keystone XL pipeline which would have carried 830,000 barrels of highly polluting tar sands oil to the US coast every day. The permit was withdrawn by Joe Biden on his first day in office after a long campaign by Indigenous Americans, farmers and climate activists. The pipeline had been championed by ex-president Donald Trump and became a touchstone culture war issue.
Ruby River Capital’s claim for “no less than $20bn” after the Quebec government cancelled a natural gas liquefaction plant on the St Lawrence River. An environmental impact assessment had found that the plant would increase greenhouse gas emissions, hurt Indigenous Canadian communities and destroy biodiversity. RRC’s claim was the largest ever under the North American Free Trade Agreement (Nafta).
The most lucrative ISDS claim currently being heard is Zeph Investment’s $200bn case against Australia over a huge planned mine in Western Australia which, Zeph Investment claims, the Australian government had “effectively destroyed”, in breach of the Asean free trade agreement.
Avima Iron Ore is seeking $27bn from the Republic of the Congo, after it revoked iron ore mining licenses for three Australian-owned firms, handing them instead to a small Chinese investment group. The sum is almost twice as much as the country’s GDP last year.
Continue reading...National Australian Bank details A$80 bln 2030 climate finance ambition, sets interim sectoral decarbonisation targets
“Unimaginable challenges:” World-first integrated wind, solar and battery hybrid finally at full capacity
The post “Unimaginable challenges:” World-first integrated wind, solar and battery hybrid finally at full capacity appeared first on RenewEconomy.
Brazilian federal police launch effort against alleged criminal carbon offsetting operation
Commercial and industrial rooftop solar could fill Eraring gap, and turn buildings into batteries
The post Commercial and industrial rooftop solar could fill Eraring gap, and turn buildings into batteries appeared first on RenewEconomy.
US pitches ocean accounting in first marine biodiversity strategy
Maryland governor signs order advancing Climate Pollution Reduction Plan
Proposed CO2 pipeline faces persistent pushback from North Dakota landowners
Fiscal pressures could open opportunity for US carbon pricing deal, experts say
Alberta TIER registry transactions set record in May ahead of 2023 compliance deadline
Yes, carbon capture and storage is controversial – but it’s going to be crucial
Solar farms can eat up farmland – but ‘agrivoltaics’ could mean the best of both worlds for NZ farmers
Australia must decarbonise to stay relevant in the global steel supply chain: BNEF
The post Australia must decarbonise to stay relevant in the global steel supply chain: BNEF appeared first on RenewEconomy.