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Renewables rebound after slump but must speed up to hit Labor’s 2030 energy goals

The Guardian - Wed, 2024-09-25 11:04

Narrative that transition has stalled ‘demonstrably not true’, researcher says, but investment and construction must accelerate

Large-scale renewable energy investment and construction in Australia is rebounding this year after a slump, but will need to accelerate to reach the pace needed to meet the Albanese government’s goal for 2030.

The country could add more than 7 gigawatts of renewable energy capacity this year, up from 5.3 GW last year, according to data released by the Clean Energy Regulator.

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Spanish engineering, liquid logistics firms reach CCS service agreement

Carbon Pulse - Wed, 2024-09-25 09:44
Two Madrid-based companies announced an agreement Tuesday to provide carbon capture, transport, and storage services to large industrial customers.
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CWNYC24: UK fund backs VCM with public aid, “not actively looking” at Article 6 -executive

Carbon Pulse - Wed, 2024-09-25 09:36
The UK’s international development fund is backing voluntary carbon market (VCM) projects but does not seek to fund Paris Agreement Article 6 initiatives at this time, the group’s climate lead told Carbon Pulse on the sidelines of Climate Week NYC.
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Tech giant buys 8k CDR credits, its second purchase in a week

Carbon Pulse - Wed, 2024-09-25 09:32
A global tech giant has paid for the removal of 8,000 tonnes of CO2 over five years through a US-based company’s enhanced rock weathering (ERW) technology, according to an announcement on Tuesday.
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CWNYC24: Companies urged to take bigger steps to tackle value chain emissions

Carbon Pulse - Wed, 2024-09-25 09:08
Companies need to begin tackling their emissions beyond the value chain if they want to credibly work towards net zero - taking responsibility for what it takes to meet their targets, and being transparent when they fall off track, according to recommendations released by a standards-setter during Climate Week NYC on Tuesday.
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CWNYC24: Significant methane emissions transparency to arrive in early 2025, say satellite developers

Carbon Pulse - Wed, 2024-09-25 08:50
Novel data on global methane emissions, collected by two satellites launched this past year, will be published in early 2025, project proponents said during Climate Week NYC on Tuesday.
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US EPA asks SCOTUS to reject states’ efforts to halt methane rules

Carbon Pulse - Wed, 2024-09-25 08:47
The US Environmental Protection Agency (EPA) has requested the country’s Supreme Court (SCOTUS) to deny stay applications filed by Republican-backed states against the agency’s rules to limit methane output from the oil and gas sector.
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US startup secures 10-yr offtake deal for about 400k tonnes of biochar at $275 apiece

Carbon Pulse - Wed, 2024-09-25 08:29
A US-based CO2 removal (CDR) company announced Tuesday that it has sold nearly 400,000 tonnes of biochar credits to an undisclosed US buyer.
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US FERC dismisses complaint Dominion overcharged for RGGI costs

Carbon Pulse - Wed, 2024-09-25 08:22
The US Federal Energy Regulatory Commission (FERC) has dismissed a complaint from the Virginia Municipal Electric Association (VMEA) that Dominion Energy improperly accounted, and subsequently over-charged, for its RGGI costs.
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CDR is key tool for US utilities with net zero goals -report

Carbon Pulse - Wed, 2024-09-25 07:51
A US-based coalition of carbon management companies published on Tuesday a report highlighting the synergies between the carbon dioxide removal (CDR) industry and electric utilities working towards decarbonisation.
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Where do we stash the equivalent of 110 Sydney harbour bridges? That’s the conundrum Australia faces as oil and gas rigs close

The Conversation - Wed, 2024-09-25 06:29
Many of Australia’s offshore oil and gas projects have finished. Wells need to be plugged; steel structures and pipelines removed. There’s A$60 billion worth of work to be done in coming decades. Darryn Snell, Associate professor, School of Management, RMIT University Al Rainnie, Adjunct professor, UniSA Business, University of South Australia Licensed as Creative Commons – attribution, no derivatives.
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Dutton’s nuclear plan would mean propping up coal for at least 12 more years – and we don’t know what it would cost

The Conversation - Wed, 2024-09-25 06:27
It seems increasingly clear the Coalition’s nuclear policy would prolong Australia’s reliance on fossil fuels, at a time when the world is rapidly moving to far cleaner sources of power. Alison Reeve, Deputy Program Director, Energy and Climate Change, Grattan Institute Licensed as Creative Commons – attribution, no derivatives.
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US commodity price reporter partners to launch exchange platform for tech-based offsets

Carbon Pulse - Wed, 2024-09-25 06:03
A tech company has partnered with a major price reporting agency to launch a trading platform for the voluntary carbon market that will focus on the exchange of tech-based carbon offsets, the companies announced Tuesday.
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CWNYC24: Philanthropy isn’t enough – Global South groups ask SBTi to allow carbon credits for Scope 3

Carbon Pulse - Wed, 2024-09-25 05:43
A group of Global South community-based climate organisations is calling on the Science Based Targets Initiative (SBTi) to allow companies to use carbon credits to offset their Scope 3 emissions, they announced on Tuesday.
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Polish climate plans held back by steel’s slow transition

Carbon Pulse - Wed, 2024-09-25 05:01
A not-so-mature transition of the Polish steel industry is slowing decarbonisation in the country and in the EU, according to analysts who are urging Warsaw to "make a decision now, not later".
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UK authority seeks views on proposed technical amendments to ETS

Carbon Pulse - Wed, 2024-09-25 04:43
The UK ETS Authority announced this week a series of proposed technical and operational amendments to the market, with a consultation now open until mid-October on the changes.
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European CO2 storage body could mitigate CCS risks -report

Carbon Pulse - Wed, 2024-09-25 04:37
The risks of geological carbon storage could be mitigated by more government involvement, EU-set CO2 purity standards, and third-party verifiers, according to an environmental research institute.
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