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Industry ‘rebate chasers’ are threatening the roll out of hot water heat pumps, but they could be stopped overnight.

The post Urgent action needed to stop Australia being flooded by cheap, inefficient ‘faux’ hot water heat pumps appeared first on RenewEconomy.

Eight energy outlooks published in 2023, alongside historical data sources, see substantial fossil fuel consumption through at least 2050, implying a scale-up of carbon removal technologies will be required in order to meet international climate targets, according to a report published Tuesday by a US non-profit research institution.

Nova Scotia on Tuesday submitted an alternative strategy to the Canadian federal carbon tax, though observers noted that the proposal was a rehash of previously-released measures aimed at achieving the province's environmental targets.

Australia's electricity grid - still dominated by fossil fuels - is to have a hefty "shadow" carbon price that will guide regulatory and policy decisions, and help meet the country's ambitious renewable energy goals.

The post Australia’s fossil fuel dominated grid to have hefty shadow carbon price, starting at $66 a tonne appeared first on RenewEconomy.

An Oregon Department of Environmental Protection (DEQ) advisory committee on Tuesday discussed modifications to emissions caps, covered entity thresholds, and compliance distribution alternatives as part of a new rulemaking for the state’s scrapped Climate Protection Program (CPP).

Peter Dutton thinks the Coalition is on a winner by promoting nuclear power but unbiased opinion polls find that support for nuclear power in Australia falls well short of renewables.

The post Peter Dutton’s nuclear push is a “suicide note” playing mostly to right wing echo chambers appeared first on RenewEconomy.

Utilities tend to treat solar and batteries as threats to their power grids. California’s policy will now tap their flexible power to benefit the grid instead.

The post California’s new rules allow solar and batteries to help out the grid appeared first on RenewEconomy.

Australia’s Clean Energy Regulator has issued just over 1 million new Australian Carbon Credit Units (ACCUs), while an industry body calls for sufficient budget funding from the government to ensure reforms to the market are carried out.

Geoengineering proposals to cool the ocean would indeed reduce ice loss from West Antarctica’s glaciers, but not enough to stop sea-level rise or allow the ice sheet to regrow. Alanna Alevropoulos-Borrill, Postdoctoral Research Fellow, Te Herenga Waka — Victoria University of Wellington Nick Golledge, Professor of Glaciology, Te Herenga Waka — Victoria University of Wellington Licensed as Creative Commons – attribution, no derivatives.

RGGI confirmed near-universal compliance for the fifth three-year compliance period of the regional power sector cap-and-trade scheme, while RGGI allowance (RGA) prices dipped considerably in an unrelated development, correcting from historic highs in the face of continued lack of Program Review news.

A Toronto-headquartered voluntary carbon investor saw positive income in 2023 following a major revaluation of its only credit-issuing project to-date, but needs to raise more cash to fund planned operations for the next 12 months, it reported Tuesday.

The bioenergy division of a Brazil-based steelmaker has sold a San Francisco-headquartered carbon removals marketplace 15,000 tonnes of biochar credits so far in 2024, they said Tuesday.

Eleven Canadian conservation groups have urged federal government ministries to include logging and forestry emissions in an ongoing review of national greenhouse gas accounting practices.

The body that monitors compliance by members of the European Free Trade Association (EFTA) with the EU’s single market rules has opened an investigation into Norway’s proposed exemptions from certain carbon taxes for industries covered by the EU ETS, saying it “has doubts” as to whether the country’s measures are in line with the bloc’s state aid rules.

Natural variability in Australian rainfall can produce “mega-droughts” lasting 20 years or more. Add in human-caused climate change, and future droughts may be far worse than imagined. Georgina Falster, Postdoctoral Fellow, Australian National University Nerilie Abram, Chief Investigator for the ARC Centre of Excellence for Climate Extremes; Deputy Director for the Australian Centre for Excellence in Antarctic Science; Deputy Director for the Centre of Excellence for 21st Century Weather, Australian National University Nicky Wright, Research Fellow, University of Sydney Licensed as Creative Commons – attribution, no derivatives.

Divesting from fossil fuels could cost banks dearly as a result of model-based EU financial regulations that rely on backward-looking risk estimates, which are insensitive to ‘structural breaks’ like the clean energy transition, according to peer-reviewed research published Tuesday.

An old flooded slate mine used as a dumping ground for cars in north Wales, the eeriness of which attracts Instagram photo seekers, is in danger of being destroyed by visitors trashing the site, it has been claimed. The flooded cavern, part of the Gaewern slate mine, became a dumping ground for old cars, TVs, microwaves and other rubbish after its closure in the 1970s. It was rediscovered by urban explorers who posted stunning photographs of the scrap illuminated by shafts of sunlight, leading to others braving a perilous 20-metre (65ft) descent and using inflatable dinghies to cross the lake to reach the scrap

• Instagrammers under fire over litter at Welsh ‘Cavern of Lost Souls’ mine site

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With EUA prices trading below €60 per tonne and benchmark European gas futures down by double-digits in the year to date, current market dynamics should incentivise some utility forward hedging, analysts have said, but any added compliance demand for carbon permits will be limited by the overall bearish fundamentals, widespread power sector decarbonisation, and the tough macroeconomic environment.

The glut of available credits in the voluntary carbon market started to grow again in March to leave the surplus close to 1 billion credits from across the big four standard bodies, according to Carbon Pulse VCM Portal data.

A project set to capture more than 900,000 tonnes of CO2 annually from an incinerator in northwest England has progressed further by agreeing a statement of principles with the UK government’s Department for Energy Security and Net Zero (DESNZ).