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New partnership reduces CO2 network liabilities with end-to-end modelling capabilities
High proportion of expensive loans and few grants hindering Vietnam’s JETP -reports
Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022
Exclusive: Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks
Banks pumped more than $150bn last year into companies whose giant “carbon bomb” projects could destroy the last chance of stopping the planet heating to dangerous levels, the Guardian can reveal.
The carbon bombs – 425 extraction projects that can each pump more than one gigaton of carbon dioxide into the atmosphere – cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over. Between 2016 and 2022, banks mainly in the US, China and Europe gave $1.8tn in financing to the companies running them, new research shows.
Continue reading...Australian company discovers hydrogen at nation’s first dedicated well
Cashed-up Quinbrook reveals $8bn plan to kick-start Australian solar supply chain
Renewables investment giant unveils plan to establish Australia's first polysilicon manufacturing plant, after securing a place to build it and power it with solar.
The post Cashed-up Quinbrook reveals $8bn plan to kick-start Australian solar supply chain appeared first on RenewEconomy.
NZ Market: NZU price in holding pattern ahead of election special votes result
Climate think tank lashes Australian science body’s emissions calculations for new gas project
Global compliance market value to grow 5% in 2023 despite drop in traded volumes –report
Energy Insiders Podcast: The end of spinning machines
Ivor Frischknecht, now head of Sosteneo, talks about the new battery that signals the end of the need for spinning machines, and a clear path to 100 per cent renewables. Plus: All Energy and Joyce.
The post Energy Insiders Podcast: The end of spinning machines appeared first on RenewEconomy.
CP Daily: Monday October 30, 2023
“Significant scale-up:” Arena caps off first decade with record year of funding
Arena says it approved a record amount of funding in 2022-23 to projects valued at over $3.5 billion, with a focus on cheap solar and battery storage.
The post “Significant scale-up:” Arena caps off first decade with record year of funding appeared first on RenewEconomy.
The right is firing misinformation bullets in its climate war on renewables – here’s a way to fight back | Peter Lewis
In the disinformation age it’s not enough for us to shake our heads about the lies the other side perpetrates
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Fresh from dragging an invitation for reconciliation into a mire of racial division, the reactionary right is prepping a new community consensus to infect, recasting the transition to renewables as a reckless attack on the environment.
The Albanese government’s election mandate to achieve net zero emissions by 2050, kick-started with a rapid transition to renewables including a 43% target by 2030, has shifted the climate agenda from advocacy to action.
Continue reading...Solar and efficiency take big bite out of sales from Australia’s biggest utility
Origin says it electricity sales are down six per cent due to growth of solar and efficiency, while gas generation has slumped 21 per cent.
The post Solar and efficiency take big bite out of sales from Australia’s biggest utility appeared first on RenewEconomy.
Australia’s biggest coal generator fined for failing to deliver promised grid services
Australia's biggest coal generator hit with major fines for failing to deliver the essential grid services that it had promised and for which it was paid.
The post Australia’s biggest coal generator fined for failing to deliver promised grid services appeared first on RenewEconomy.
Queensland has a great renewable future – but not with big pumped hydro
The benefits of building the new wind and solar will be lost if Queensland persists with its overly expensive and unnecessary long duration pumped hydro.
The post Queensland has a great renewable future – but not with big pumped hydro appeared first on RenewEconomy.
Corio says environmental surveys “well advanced” in Australia’s first offshore wind zone
Corio Generation says it is on-schedule to complete environmental survey assessments for the proposed Great Eastern Offshore Wind farm.
The post Corio says environmental surveys “well advanced” in Australia’s first offshore wind zone appeared first on RenewEconomy.
Ulez expansion: 45% fewer ‘dirty’ vehicles now on London’s roads, says TfL
Sadiq Khan hails ‘huge progress’ as progress report finds more than 95% of vehicles are now compliant
The number of the most polluting vehicles driven in London has fallen by almost half since the capital’s ultra-low emission zone (Ulez) was expanded, taking almost 80,000 older cars off the roads.
About 77,000, or 45%, fewer non-compliant cars and vans were detected on average a day in September, the first month of operation of the expanded zone – compared with June 2023.
Continue reading...Government regulation is most important driver of energy transition for businesses, report finds
Market steps into the unknown to supply adjusted CORSIA-eligible units
Climate change a much greater threat to whales than offshore wind, study finds
New scientific report finds the impact on whales from offshore wind farm development is minimal – and much less serious than the threat from climate change.
The post Climate change a much greater threat to whales than offshore wind, study finds appeared first on RenewEconomy.