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The EU should introduce a carbon contracts for difference (CCfD) auctioning mechanism, fed by the EU ETS Innovation Fund, to incentivise CO2 capture and storage, a Brussels-based advocacy group for oil and gas producers said on Monday.

Rainforest nations should meet for a summit in Papua New Guinea ahead of next year’s COP30 in Brazil, set to be a crucial event for nature, according to a PNG governor.

European carbon prices weakened in moderate trading on Monday in correlation to losses in natural gas, as the Dec-24 futures contract neared its expiry and activity shifted to the Dec-25.

Clean cooking carbon project developers are generally optimistic about the Integrity Council for the Voluntary Carbon Market's (ICVCM) assessment process, even if methodologies are rejected from the organisation's quality stamp.

A food and drink multinational has dropped a plastic offsetting project in Indonesia, withdrawing its accreditation request under Verra's plastic programme.

A waste management company has teamed up with a UK university to measure and verify carbon capture in soil, targeting what it said could be a £200 million opportunity in the carbon credit market.

A large building materials company has signed a cooperation agreement with a carbon capture startup, aiming to use the technology to help decarbonise its global portfolio of industrial plants.

China saw annual growth in thermal power production slightly outpace total power output in November, while renewable additions slowed from the same period last year, according to government data published Monday.

Legislative proposals to govern the transport of CO2 in Europe are coming, but may only see the light of day after Poland wraps up its six-month EU presidency, the country's state secretary for climate and environment told an event in Brussels last week.

The EU’s Clean Industrial Deal initiative, due at the end of February, will seek to rebalance climate action and economic growth, with four key areas of action to accelerate decarbonisation, said EU climate commissioner Wopke Hoekstra last week.

South Korea has allocated 2.7 trillion won ($1.9 billion) in the government budget for 2025 for developing technologies aimed at tackling climate change, including hydrogen as well as carbon capture, utilisation, and storage (CCUS).

New data shows wholesale electricity prices in one state fell by nearly 40% over the 2023-24 financial year, prompting calls for the new government to stick with the renewables plan.

The post Audit shows renewables driving down wholesale power prices in state where targets to be scrapped appeared first on RenewEconomy.

The West Australian Labor government has awarded its third round of funding for carbon farming and land restoration, with A$3.2 million ($2.03 mln) cash going to eight projects that will invest in fauna conservation, soil carbon, and reforestation.

South Australia smashes demand record but prices remain negative because wind and solar supplied nearly all its power needs, as main grid also hits new peaks in heatwave.

The post Wind and solar smash output records as grid demand hits new highs in midst of heatwave appeared first on RenewEconomy.

IEEFA's Amandine Denis-Ryan explains why new gas supplies are not needed in the long term, and why we urgently need a nationwide plan for electrification.

The post SwitchedOn Podcast: Pathway to electrification being blocked by fossil gas appeared first on RenewEconomy.

DT Infrastructure has been awarded the contract to deliver the Goulburn River solar farm by Lightsource bp.

The post DT Infrastructure to deliver Goulburn River solar farm for Lightsource bp appeared first on RenewEconomy.

The Victorian state government has published a draft guide for renewable energy project developers, proposing that each project must ensure there will be ‘no net loss’ to species of concern.

Nuclear is far from a reality in Australia. In the interim, Dutton’s plan would prop up coal and gas John Quiggin, Professor, School of Economics, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

Report by EV Council expects popularity to double by 2026 due to influx of cheaper electric vehicle models and increased number of charging stations

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Electric vehicle sales have reached new heights in Australia, representing almost one in every 10 vehicles bought in 2024, with popularity expected to almost double over the next two years.

The latest annual state of EVs report, released by the Electric Vehicle Council, noted a 150% increase in sales compared with 2022, to the current sales share of 9.5% of new light vehicle sales – with about 110,000 estimated to have been sold in 2024.

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The Campaspe Shire Council is opposing the 500 MW Cooba solar farm, standing alongside its residents.

The post Victoria council to oppose solar and battery project amid worries about heat islands, views and farm impacts appeared first on RenewEconomy.