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The UK government is failing to show how it ensures that biomass power and heat generators adhere to sustainability requirements after receiving a total of more than £22 billion of support over 21 years, the National Audit Office (NAO) said on Wednesday. 

Large emitters are getting “nervous” as a result of the mounting compliance schemes and reporting requirements they are facing in 2024, likely to drive investment and participation in carbon markets, a conference heard Wednesday.

Power demand across the EU is forecast to see a slow recovery in 2024, according to an outlook published by analysts on Wednesday, while a recovering economy and electrification will support consumption between 2025 and 2027.

An Indian renewable energy firm has entered into an agreement with a Japanese industrial group for the production of green ammonia in the Indian state of Odisha under a project involving over $5 billion worth of investments that the parties say will reduce emissions by 54 million tonnes of CO2e over the project life time.

China’s vast renewable build out cannot continue forever at its current pace without the risk of over capacity, but it has the ability to shape the global energy transition. In 2023 alone the nation added 200 gigawatts of solar installation, compared to 87GW in 2022.

A South Korean non-profit dedicated to sustainable development is planning to set up an association to facilitate the voluntary carbon market in the country.

Experts say world is ‘past peak fossil power’ but warn against uneven development of energy projects

Nuclear power generation is likely to break records in 2025 as more countries invest in reactors to fuel the shift to a low-carbon global economy, while renewable energy is likely to overtake coal as a power source early next year, data has shown.

China, India, Korea and Europe are likely to have new reactors come on stream, while several in Japan are also forecast to return to generation, and French output should increase, according to a report on the state of global electricity markets published by the International Energy Agency (IEA) on Wednesday.

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The new threat from cyclones can come from behind you – flooding from more intense rainfall. Jonathan Nott, Professor of Physical Geography, James Cook University Licensed as Creative Commons – attribution, no derivatives.

An Australian carbon trade company has signed an agreement with a Fijian counterpart to work on credits aligned with Article 6.

Berkeley Earth’s Robert Rohde discusses the latest climate science and whether even 2°C is achievable. Plus: All the renewable and storage news from the first few weeks of 2024.

The post Energy Insiders Podcast: The climate crisis and the energy transition appeared first on RenewEconomy.

Rio Tinto has signed a power purchase agreement to supply 1 GW of renewable electricity to power its smelters and refineries in Gladstone, Queensland, as issuance of Australian Carbon Credit Units (ACCUs) falls.

NSW's draft energy framework will add time, cost and another layer of bureaucracy in a state that needs to remove all three, big investors say.

The post Clean energy investors propose radical rethink of planning rules in NSW appeared first on RenewEconomy.

Fortescue secures grant and tax incentives to set up manufacturing facility at the site of the first Ford factory in Detroit to build batteries, EV fast chargers, and electrolysers.

The post Fortescue to build batteries, EV chargers and eloctrolysers at site of first Ford factory appeared first on RenewEconomy.

Oliver Yates to chair new venture planning to spend $2 billion on battery storage projects, with three big batteries ready to go and another four in the pipeline.

The post Yates heads new venture planning $2 billion of battery storage projects in Australia appeared first on RenewEconomy.

Renewables continue to reshape Australian grid, and bring down prices - but the most coal dependent states have the dirtiest and costliest power, while battling rising temperatures and demand.

The post Record renewables drive prices down, but coal states still the most expensive appeared first on RenewEconomy.

Scientists track down what are probably the last unidentified Antarctic emperor penguin colonies.

Floating solar plants emerge as a game-changer for Southeast Asia, by maximizing its solar resources and overcoming limited land availability.

The post Why floating solar PV will play a “critical role” in land-constrained south-east Asia appeared first on RenewEconomy.

Joint venture signed to develop a 150MW solar farm in New Zealand, which would be the biggest in the country.

The post Joint venture signed to build biggest solar farm in New Zealand to date appeared first on RenewEconomy.

A daily summary of our news plus bite-sized updates from around the world.

A Tulsa-based technology startup announced Tuesday an agreement to join efforts with a Texas-based carbon, capture, and storage (CCS) firm to develop a direct air capture (DAC) plant on the outskirts of a CO2 storage hub in Oklahoma.