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International Energy Agency says transition to clean energy means there will be a surplus of oil, gas and coal

Fossil fuels could soon become significantly cheaper and more abundant as governments accelerate the transition to clean energy towards the end of the decade, according to the International Energy Agency.

The world’s energy watchdog has signalled a new energy era in which countries have access to more oil, gas and coal than needed to fuel their economic growth, leading to lower prices for households and businesses.

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The UK's burden of waste is disproportionately falling on deprived areas, where residents have spoken to the BBC.

Surfers were seen catching waves near a suspected oil slick off the coast of Coogee in Sydney a day after hundreds of pieces of black debris washed up along the beach. The beach was closed and beachgoers warned not to touch the material, which could be 'tar balls' formed from oil spills or seepage at sea

• Suspected oil slick spotted off Sydney's Coogee beach after mysterious black balls wash ashore

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The Pacific nation of the Solomon Islands has launched a carbon trading policy project with help from the Global Green Growth Institute (GGGI) and the New Zealand and Irish governments.

Energy minister Chris Bowen suggests the federal government already knew Equinor and its local partner Oceanex had backed out of Illawarra offshore zone.

The post Federal government says it already knew of withdrawal of key offshore wind project in Illawarra appeared first on RenewEconomy.

UK banks have invested more than £1 billion in companies tied to deforestation risks worldwide since COP26, defying the country’s 2021 Glasgow climate commitments, according to analysis released on Wednesday.

IEA says rapid deployment of low cost wind and solar the key if world is to navigate narrow path to 1.5°C climate target.

The post Solar and batteries steal the show, but world needs more renewables quickly to meet 1.5°C target appeared first on RenewEconomy.

Federal energy minister says Coalition's plan to add even existing gas plants to the Capacity Investment Scheme has "gaping holes" and questions to answer.

The post “Making it up as he goes:” Bowen slams O’Brien’s plan to put existing gas into capacity scheme appeared first on RenewEconomy.

WA approves new four hour 100 MW Wellesley battery in industrial zone.

The post Another four hour battery project gets development approval in W.A. appeared first on RenewEconomy.

There’s a good chance the objects on Coogee beach are not, as some have suggested, tar balls. But in any case, they pose a potential risk and authorities are right to close the beach. Sharon Hook, Principal Research Scientist, CSIRO Licensed as Creative Commons – attribution, no derivatives.

Australia's biggest utility - without a trace of irony - says renewables not being built fast enough to replace ageing and "unreliable" coal fleet.

The post “Renewables not coming online fast enough,” says utility that didn’t build any while courting state coal deal appeared first on RenewEconomy.

By tapping into observations of Bryde’s whale shared on social media, we found evidence of feeding and “surfing” behaviours possibly never documented before. Vanessa Pirotta, Postdoctoral Researcher and Wildlife Scientist, Macquarie University Licensed as Creative Commons – attribution, no derivatives.

The US state’s land board unanimously adopted on Tuesday a proposed management plan for a local forest to earn revenues through the sale of carbon credits.

RGGI Allowance (RGA) prices in the secondary market briefly caught a headwind over the past week to reverse a sell-off since the market administrator released programme updates.

A major US insurance company notched a win in a Hawaii Supreme Court ruling that found a policy issued to an oil and gas company does not cover damages from greenhouse gas (GHG) emissions.

In the first two years since its implementation, the Inflation Reduction Act (IRA) is expected to add $237.5 billion to the US gross domestic product (GDP), an industry group modelled Tuesday.

A national conservation group announced on Tuesday plans to hold its first auction for nature-based carbon credits in February 2025 – the first of its kind in the US, according to their statement.

The US Environmental Protection Agency (EPA) released 2023 greenhouse gas (GHG) data Tuesday showing that direct emissions from large stationary sources were down 4% year-on-year (YoY).

A Vancouver-headquartered project developer has signed a deal to acquire a 50% equity stake in a US-based carbon sequestration project.

Europe should reward sustainable forestry practices rather than profit-seeking from logging activities, researchers have said, echoing calls from left-wing lawmakers in the European Parliament who reject a recent proposal to delay the EU's anti-deforestation regulation by one year.