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European carbon prices rallied on Tuesday morning after dropping by 6.2% in the previous two sessions, after the daily auction triggered sustained technical buying that drove the market up by €2.00 in two hours, while energy markets also snapped their two-day losing streak.

A Brazilian fintech startup has announced the issuance of 1.6 million carbon tokens, each representing one tonne of CO2 and encompassing water, soil, and biodiversity co-benefits.

IPS report says replacement fuels well off track to replace kerosene within timeframe needed to avert climate disaster

Hopes that replacement fuels for airplanes will slash carbon pollution are misguided and support for these alternatives could even worsen the climate crisis, a new report has warned.

There is currently “no realistic or scalable alternative” to standard kerosene-based jet fuels, and touted “sustainable aviation fuels” are well off track to replace them in a timeframe needed to avert dangerous climate change, despite public subsidies, the report by the Institute for Policy Studies, a progressive thinktank, found.

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Budget promises $6.7 billion for green hydrogen over a decade, as well as more billions for solar, batteries, critical minerals and household energy rebates.

The post Labor budget pledges billions to green hydrogen, solar, batteries and household rebates appeared first on RenewEconomy.

Farmer confidence at low ebb amid fears for their future as experts say extreme weather will hit crop yields

• UK politics live – latest updates

Rishi Sunak will launch his food security index to farmers on Tuesday, as experts predict extreme weather this year could cut UK self-sufficiency by 8%.

The prime minister is hosting a farm to fork summit at Downing Street and will say: “I know for many farmers the impact of adverse weather in recent months has made working the land even harder, but my message is clear, our support for you is unwavering and we will be with you every step of the way.”

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After issuing its draft decree on its nascent Article 6-linked carbon market last month, Laos is now holding a consultation on the subject for major stakeholders.

Carbon ratings firms are a sign that the voluntary market is maturing and can help bring price clarity to buyers, a representative of one agency told a conference Tuesday in defence against critics.

Japan has launched a process to formulate a new national decarbonisation strategy towards 2040, which it intends will give more clarity to the trajectory of the country's emissions trading system.

The crocodile measuring more than four metres long was captured in a north Queensland marina after lunging at a man on a houseboat. The reptile was reported to authorities after launching itself at the houseboat and, in a separate incident, taking a dog. The animal was captured at Cardwell Marina, north of Townsville

• Huge crocodile captured in north Queensland marina after lunging at man on houseboat and snatching dog

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Italian energy giant completes construction of its fourth solar project in Australia.

The post Italian energy giant completes construction of its newest solar farm in Victoria appeared first on RenewEconomy.

Xpansiv is expanding its horizons with a new service to provide open access to the company’s automated settlement and portfolio management, the company announced Tuesday.

Tristan Edis, from Green Energy Markets, explains why helping network operators install community batteries is not the best return on investment.

The post SwitchedOn Podcast: The problem with community batteries appeared first on RenewEconomy.

Government told Net Zero Teesside gas scheme will be massive polluter despite its carbon capture claims

A multibillion-pound “net zero” project backed by two of the world’s biggest fossil fuel firms will be responsible for more than 20m tonnes of planet-heating carbon over its lifetime, according to research submitted to the UK government.

The Net Zero Teesside scheme to build a new gas-fired power station in north-east England is backed by BP and Equinor and says it will use carbon capture and storage (CCS) technology to capture up to 95% of its emissions and bury them beneath the North Sea.

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A wave of project cancellations and rising costs have raised doubts over the future of offshore wind in the US. So, what happened – and can the industry recover?

The post Why US offshore wind power is struggling – the good, the bad and the opportunity appeared first on RenewEconomy.

Battery storage is often dismissed as an "immature" technology, not ready for a renewables dominated grid. But within a year it is likely to overtake pumped hydro, and still has big advances ahead.

The post Battery storage is about to overtake global capacity of pumped hydro appeared first on RenewEconomy.

NSW Fire and Rescue is looking into the cause of a fire that engulfed thpanels of a 1.3MW rooftop solar system at the Sydney Olympic Park Aquatic Centre.

The post Fire at huge aquatic centre rooftop solar system causes evacuations at major carnival appeared first on RenewEconomy.

With an average of three turbine foundations poured each week, Golden Plains wind farm's huge concrete pour is complete.

The post Huge concrete pour paves way for 122 turbines at Australia’s largest wind project appeared first on RenewEconomy.

Residents living near a NSW coalmine are challenging an environmental watchdog's decision to renew its licence without limiting methane and particle pollution.

The post “There is so much fallout:” Locals challenge watchdog over coal mine pollution appeared first on RenewEconomy.

A group of European researchers has calculated the total compensation planned for workers affected by the transition away from coal and found that it is either consistent with or lower than existing carbon prices within areas like the European Union. However, the research only calculated those countries with existing coal phase-out plans that have included […]

The post Cost of “just transition” from coal cheaper than cost of carbon appeared first on RenewEconomy.

Battery developers love Texas' freewheeling ERCOT system, and all the new energy storage is helping to bolster the grid. But will the good times last?

The post Bigger in Texas: Inside the hottest grid battery market in the US appeared first on RenewEconomy.