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The European commissioner-designate for energy and housing will pursue electrification to shield vulnerable citizens from increasing energy prices, a prospect made more real by ETS2, he told the European Parliament on Tuesday afternoon.

Revenue surge from big batteries mostly offset fall in wind and solar revenues for Neoen, with the first stage of the country's biggest battery to add more cream to the storage pie.

The post Big batteries take centre stage as Neoen reports fall in wind and solar revenues appeared first on RenewEconomy.

An Illinois agribusiness facing regulatory action in connection to a leaking CO2 injection well has completed a diagnosis estimating the amount of CO2 that escaped via a problematic monitoring well.

One of Australia's leading wind farm developers may switch to Chinese made turbines, saying it is not happy with quality, service and prices of western suppliers.

The post “Not always a great quality:” Leading wind developer may switch from western to Chinese turbines appeared first on RenewEconomy.

The Alberta Technology Innovation and Emission Reduction (TIER) programme's spot prices reached historic lows for the second month in a row, according to a report published Friday.

We wanted to find out how much carbon and nitrogen is being released from the northern permafrost. Here’s the region’s first full greenhouse gas budget covering CO₂, methane, and nitrous oxide. Pep Canadell, Chief Research Scientist, CSIRO Environment; Executive Director, Global Carbon Project, CSIRO Gustaf Hugelius, Professor, Physical Geography, Stockholm University Licensed as Creative Commons – attribution, no derivatives.

As a new report makes clear, the timetable is dauntingly tight. But the potential rewards on offer are huge

One of Labour’s first acts in government was to lift the de facto ban on new onshore windfarms introduced by the Conservatives in 2016, which closed off one of the key pathways to clean, cheap energy by the 2030s. This week, progress was resumed as plans were outlined for what would be the most productive onshore windfarm in England. According to developers, the Scout Moor scheme in Greater Manchester could meet 10% of the region’s energy needs by the end of the decade.

As a major new report published on Tuesday makes clear, if Labour’s mission of a clean electricity system by 2030 is to be met, an avalanche of such projects will be required. The publicly owned National Energy System Operator (Neso) estimates that a doubling of onshore wind capacity will be necessary, along with a still bigger expansion of offshore wind and a tripling of solar power. When this is all considered alongside the need to transform the country’s power and transmission networks at an unprecedented pace, the daunting scale of the task becomes clear. Crucially, though, Neso’s analysis finds that the 2030 date is achievable if, to put it non-technically, the government, the energy industry and regulators truly go for it.

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The political context around COP29 negotiations in Baku is very different to last year's summit and could stand to benefit Article 6 talks, the founder of a carbon ratings agency said Tuesday.

Two Abu Dhabi-based energy companies have partnered with Microsoft to explore decarbonisation solutions, including the use of AI to advance carbon capture, low-carbon hydrogen, and ammonia projects.

A startup insurance company hopes to kick start the carbon removal (CDR) market by offering cover to mitigate the risks facing early-stage projects.

A Canadian consultancy and a US-based energy technology provider have announced a joint venture focused on providing engineering and geoscience solutions for carbon sequestration and enhanced oil recovery (EOR) projects in the US.

An alliance of several Brazilian public institutions on Friday agreed to structure new forest concessions for sustainable logging and forest restoration, offsetting the cost of restoring 334,000 hectares of degraded areas in the Amazon using the proceeds from carbon credits.

Scotland's government released on Tuesday a framework aimed at driving private investment in natural capital, outlining a set of high-integrity principles as well as a roadmap to 2026 to scale the carbon and biodiversity credit markets.

German energy company Uniper has watered down its carbon neutrality target amid a 'cautious' investment environment concerning green hydrogen, it said in quarterly results published Tuesday.

Vitol has appointed a veteran emissions trader to its carbon and environmental products division, as the current head of division is set to retire.

The UK government can hit its goal to decarbonize the country’s electricity grid by 2030 with a massive expansion in renewable power and a price tag of at least $40 billion of investment a year, according to a report by newly created National Energy System Operator (NESO) .

Lawmakers in the European Parliament are focusing their attention on the Commission’s pledge to table a 90% climate target for 2040, leading MEPs told Carbon Pulse ahead of EU climate chief Wopke Hoekstra’s confirmation hearing on Thursday.

A Brazil-based developer has revised its biodiversity credit methodology to more clearly define the units within its framework, resulting in changes to the number of credits generated by its project as well as adjustments to pricing, the company told Carbon Pulse.

Money for climate action – and the rules underpinning its delivery – will dominate this year’s UN climate summit more than any other in the past decade, raising tensions over how much should be mobilised, who is on the hook for providing it, under what terms it is granted, as well as how the funding is tracked and reported.

Norway faces a significant shortfall in reaching its previous 2030 emissions reduction goal of 40% below 1990 levels, while Iceland could also fall short of tighter targets, according to a report published last week.