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California Carbon Allowance (CCA) prices lacked direction as volatility eased through the week with markets awaiting programme updates from ARB, while Washington’s third quarterly auction cleared in the middle of market expectations.

Federal Labor has set out a new plan for Australia to produce at least 15 millions tonnes of renewable hydrogen a year by 2050.

The post Labor sets out greener hydrogen strategy, with big new targets and no room for coal appeared first on RenewEconomy.

Australia and Germany have signed a A$660 million (€400 mln) agreement to deepen their cooperation on green hydrogen supply chains and guarantee European buyers for Australian hydrogen producers, the two countries announced Friday.

Two Italian men were arrested at a Sri Lankan wildlife park after they were found with hundreds of protected insects.

Australia’s new National Hydrogen Strategy, released on Friday, signals Australia’s bold ambitions to the world - but much remains unclear. Alison Reeve, Deputy Program Director, Energy and Climate Change, Grattan Institute Licensed as Creative Commons – attribution, no derivatives.

British Columbia Premier David Eby on Thursday announced that his government would end the province’s carbon tax if the Canadian federal government removes its legal requirement for provinces and territories to maintain one.

New Zealand’s Minister for Climate Change Simon Watts said it wouldn’t be “realistic” for his country to simply pay for the overseas carbon credits it will need to meet its 2030 international climate target.

August 2024 becomes the first time fossil fuels (98.5% gas and 1.5% coal) fell to third place in the British electricity mix over an entire month.

The post Wind powers a record summer for renewable energy in Britain, record low for fossil fuels appeared first on RenewEconomy.

Amid the mouth-frothing nonsense from the gas industry and Murdoch press, the Allen government is pressing ahead with its gas substitution policy.

The post Victoria’s gas cooktop concession is hardly laudable, but it’s not a tectonic shift in policy, either appeared first on RenewEconomy.

Peruvian legislation passed shortly after the EU Deforestation Regulation (EUDR) has deliberately misconstrued the latter’s due diligence requirements to expand agricultural land titling, thereby encroaching on the Amazon, according to the author of a report on Peruvian land concessions.

The the world’s largest coal port has completed the installation of its first major rooftop solar system, delivering around $9,000 a year in electricity savings.

The post World’s largest coal port installs solar appeared first on RenewEconomy.

The national development of Brazil announced Thursday the launch a R$1 billion ($180 million) credit programme aimed investments in forestry activities that promote native vegetation and capture CO2 from the atmosphere.

1PointFive, a subsidiary of oil firm Occidental, has secured up to $500 million in funding from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED) to support the development of its South Texas Direct Air Capture (DAC) Hub.

Staff at Washington state’s Department of Ecology (ECY) reviewed forthcoming Clean Fuel Standard (CFS) updates that will incentivise new decarbonisation projects over older ones, showing preference for those that impact the Pacific Northwest (PNW), during a pair of public rulemaking webinars over the past week.

A US-based renewable fuels producer said Thursday that it has completed a $210 million acquisition of an ethanol plant in North Dakota that will be used to produce sustainable aviation fuel (SAF).

Two research programmes focusing on maritime CO2 removal (mCDR) announced Thursday the selection of four research projects aiming to advance technologies for ocean-based carbon removal.

Flowcarbon, the climate tech startup co-founded by former WeWork CEO Adam Neumann, has reportedly started refunding investors after failing to launch its blockchain-based “Goddess Nature Token” (GNT).

Lawmakers in the European Parliament's environment committee held their first meeting dedicated to climate policy files on Thursday, possibly setting the tone for discussions lying ahead in the coming five-year mandate.

The investment climate for carbon removal (CDR) remains relatively cool, with difficult hoops for developers to jump through - making hard for them to attract funding, speakers said at an industry summit on Thursday.

Price risk for EUAs is "skewed to the upside" after recent gas-driven weakness, as upside price risk is increasing for natural gas ahead of the coming winter, according to an analyst at a major international bank who raised their 2024 price forecasts by just under 10% from a previous prediction in March.