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Battery storage becomes biggest supplier to California's grid in evening peak for first time.

The post Battery storage becomes biggest source of supply in evening peak in one of world’s biggest grids appeared first on RenewEconomy.

A UK-headquartered asset manager and Sweden-based forestry development firm closed an inaugural $325.3 million fund that targets over 18 mln tonnes of CO2 removal across 80,000 hectares of forest.

The US Department of Energy (DOE) announced Wednesday recipients selected for $1.5 million in prize money among several ongoing competitions to develop commercial-ready CO2 direct air capture (DAC) technologies.

Opposition to proposed Low Carbon Fuel Standard (LCFS) regulations from environmental justice (EJ) communities, if left unsettled, places significant pressure on how quickly a final rule could take effect, a former ARB LCFS branch chief told a webinar Wednesday.

A US venture capital (VC) firm announced Tuesday the close of a $306 million fund that it said will focus on planetary and human health, with an emphasis on decarbonisation and re-industrialisation.

US Steel’s recently announced carbon capture project at its integrated Indiana steel mills will have an insignificant impact on overall GHG output and ongoing pollution concerns, non-profit groups said Wednesday.

European Commission signs off on major plan to bolster the bloc's solar sector through measures including government procurement of locally made panels.

The post EU signs charter to build solar supply chain, address manufacturing “crisis” appeared first on RenewEconomy.

Victoria energy minister says government making good progress towards first offshore wind auction, despite port infrastructure setback.

The post Australia’s first offshore wind auction could open within months, contracts awarded by end of 2026 appeared first on RenewEconomy.

A New York-based developer of nature-based carbon projects announced on Wednesday the sale of its first batch of Improved Forest Management (IFM) offsets for $34 each.

We think of laughing kookaburras as common in Australia and their call certainly lets us know when they’re about. But several factors are driving down their numbers. Diana Kuchinke, Lecturer in Ecology, Federation University Australia Licensed as Creative Commons – attribution, no derivatives.

Ongoing carbon permit sales under REPoweEU, combined with increasing renewables penetration and lower demand from the power and industrial sectors, mean EUAs will likely feel increased price pressures for another 18 months, a conference heard Wednesday.

A California-headquartered fossil fuel firm announced its third and largest venture capital fund to date of $500 million, focused on clean energy technologies to improve its core business and drive lower carbon options.

UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.

Dubai has been hit by record floods, sparking misleading speculation about cloud seeding.

Scientists say a fossilised jawbone found in Somerset may be from one of the biggest sea creatures ever.

The EU's green claims directive is having a tangible, negative impact on demand for voluntary carbon credits, and scaring corporates away from the market, participants told an event Wednesday.

The European Commission is looking at whether residual emissions in the EU ETS could be offset with carbon removals, as it weighs up different options for either integrating removals into the existing market or creating a new one, a high-level official said on Wednesday.

Commitments made at an international ocean conference in Athens have sparked optimism for the future of marine conservation, though concerns remain over the effective implementation of the laws against illegal activities, conservationists have said.

Regulatory measures on agricultural emissions, from New Zealand to South Africa, could serve as inspiration for policymakers in Brussels as the EU considers if and how to include the sector in its next ETS revision — although some clauses may apply, according to speakers at the IETA European Climate Summit.

The global economy is already committed to an income reduction of 19% until 2050 due to climate change, even if CO2 emissions were to be drastically cut starting from today, according to a study published in the journal Nature on Wednesday.