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Market participants maintained modest expectations for the upcoming Washington Carbon Allowance (WCA) auction on Wednesday in light of the ongoing anxiety surrounding the fate of the state's cap-and-trade scheme.

South Australia has overtaken Tasmania as the country's most renewable state, and achieved this with wind and solar rather than hydro.

The post Wind and solar dominated South Australia overtakes Tasmania as Australia’s most renewable state appeared first on RenewEconomy.

Traders favour the Q3 RGGI permit sale to clear at a discount to secondary market prices, with compliance demand a key factor determining the settlement.

Deal with South Korea utility will fund early works and studies on a potential $100 million project featuring 50 gigawatts of wind and solar.

The post South Korea deal advances works on world’s biggest renewable hydrogen hub in W.A. appeared first on RenewEconomy.

Victoria may have better coffee, NSW a more iconic bridge, but Queensland is winning the race for solar energy in a report card from the Climate Council.

The post Sunshine state leads solar rankings with PV on half of all homes, but more work to do in “critical decade” appeared first on RenewEconomy.

Washington’s draft Clean Fuel Standard (CFS) language includes updates to its third-party verification programme and changes to credit generation, according to information published by the Department of Ecology (ECY) on Friday.

The third New Zealand ETS auction for 2024 has failed to clear, with not a single bid being submitted, repeating the results of the last permit sale held in June.

Take renewable energy out of the equation and there isn’t much else expected to reduce fossil fuel use this side of 2030

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Australia has a problem with greenhouse gas emissions – a bigger problem than the political debate concedes.

Late last week, as Australians endured record August warmth and global heating-fuelled extreme rain, the federal government released data that suggest heat-trapping gases across most of the economy are currently headed in the wrong direction or yet to budge much from historic highs.

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Choosing speed above all else gets clean energy built. But it comes with risks. Which path should Australia take? Anne Kallies, Senior Lecturer in Energy Law, RMIT University Licensed as Creative Commons – attribution, no derivatives.

Arithmetic over capacity does not add up, with supply chains a constraining factor

• Renewable energy auction secures enough power for 11m UK homes

It was a “record-setting auction” and “a significant step forward in our mission for clean power for 2030”, trumpeted the energy secretary, Ed Miliband, enjoying the contrast with last year’s auction flop under the Tories in which precisely zero bids were received to build offshore windfarms.

Miliband was claiming credit when it wasn’t entirely due, of course, because this year’s competition was designed well before the general election. Some version of success was guaranteed from the moment the last government said it was prepared to pay up to £73 a megawatt hour (in 2012 prices, confusingly) for offshore wind, a mighty leap from the £44 level that produced no takers in 2023. At the higher level of incentive, developers were bound to come out to play again.

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A Brazilian Senate committee approved on Tuesday a long-awaited bill with key carbon capture and storage (CCS) elements, sending it to plenary.

The director of carbon capture and storage (CCS) in the UK government acknowledged at a conference on Tuesday that the country faces challenges meeting its capacity targets.

Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.

The Spanish Minister for the Ecological Transition, who was appointed to Brussels last week by her government, is widely tipped for the European Commission’s climate portfolio, but is not certain to be confirmed in time for the COP29 summit in Baku.

Norway’s pioneering Longship carbon capture and storage (CCS) project is now 80% complete and on-track to begin operations next year, according to the country’s oil minister.

Diverting biofuel production from road transport to the aviation sector could help it reach its decarbonisation targets, while a massive ramp up of renewable and additional electricity production will be needed to meet the 2050 goals, according to a report by a German climate think tank.

Jordan’s voluntary carbon market (VCM) plans have stalled since it announced in 2020 intentions to launch a regulated domestic market – a delay that local media sources attribute to ongoing ambiguity about Article 6 carbon trading under the Paris Agreement.

The government of Malawi has generated 1.5 million carbon credits over the past five years, according to government sources quoted in local media.

A Netherlands-based direct air capture (DAC) startup has raised €15.3 million in funding as it looks to scale the rollout of its patented technology, the company announced Tuesday.

The UK awarded contracts for a record 131 renewable energy projects on Tuesday, with price bids coming in well below the maximum set by the government in an auction that the industry welcomed as a sign of renewed investor confidence in the country.