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Australia Market Roundup: Santos, Tokyo Gas to investigate e-methane production, South Australia passes hydrogen legislation

Carbon Pulse - Tue, 2023-11-21 13:36
Australian oil and gas company Santos is partnering with Tokyo Gas to explore producing carbon neutral synthetic methane, or "e-methane", in Australia, the former announced Tuesday, as the state of South Australia passed legislation supporting its renewables and hydrogen industry.
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Huge fire levies could “really hurt” wind, solar and battery projects, investors warn

RenewEconomy - Tue, 2023-11-21 13:04

Golden Plains wind and battery project concrete pour.CEIG warns proposed property fire levies could add millions of dollars a year in extra running costs to big solar, wind and battery projects in state with 95 per cent renewables target.

The post Huge fire levies could “really hurt” wind, solar and battery projects, investors warn appeared first on RenewEconomy.

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Investors scrap pioneering green hydrogen plant in Germany because of costs

RenewEconomy - Tue, 2023-11-21 13:00

One of Europe’s first projects to produce green hydrogen on a large scale in northern Germany has been scrapped due to high construction costs.

The post Investors scrap pioneering green hydrogen plant in Germany because of costs appeared first on RenewEconomy.

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*Carbon Finance Project Manager, Nexus for Development – Phnom Penh

Carbon Pulse - Tue, 2023-11-21 12:18
*PREMIUM LISTING – Nexus seeks a dynamic and driven Carbon Finance Project Manager (“Project Manager”) to manage and execute against a portfolio of carbon finance projects in Southeast Asia.
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5B begins work on solar and battery project to get Tiwi Islands to 50 pct renewables

RenewEconomy - Tue, 2023-11-21 12:13

Construction has begun on a 1.1MW solar farm and 3MWh battery storage project that aims to take the Tiwi Islands to 50 per cent renewables.

The post 5B begins work on solar and battery project to get Tiwi Islands to 50 pct renewables appeared first on RenewEconomy.

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CP Daily: Monday November 20, 2023

Carbon Pulse - Tue, 2023-11-21 11:27
A daily summary of our news plus bite-sized updates from around the world.
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Global goal to triple renewables within sight as governments are already planning to double capacity -report

Carbon Pulse - Tue, 2023-11-21 11:01
The world is already planning for a doubling of renewable power capacity by 2030, analysts said in a report published on Tuesday, adding that this should give confidence to governments that a global agreement to triple renewables this decade is achievable.
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Want to fight climate change? Triple global renewables target to 11TW by 2030

RenewEconomy - Tue, 2023-11-21 10:24

Governments shouldn't coast using fat wind and solar pipelines when they could achieve so much more, says a new report.

The post Want to fight climate change? Triple global renewables target to 11TW by 2030 appeared first on RenewEconomy.

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NSW seeks to thread a path for renewable “backbone” through Hunter Valley

RenewEconomy - Tue, 2023-11-21 10:15

NSW threads a path in and around Hunter Valley mines and wineries as it seeks to build a major new "backbone" for transporting wind and solar into major demand areas.

The post NSW seeks to thread a path for renewable “backbone” through Hunter Valley appeared first on RenewEconomy.

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China seen on track to reach its 2030 climate goal, despite mixed expectations on coal consumption -survey

Carbon Pulse - Tue, 2023-11-21 10:00
China is considered on track to reach its climate commitments for this decade, despite observers having mixed expectations on the country's coal consumption in the coming years, a report has found.
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US charity calls for project proposals on forest and community revitalisation

Carbon Pulse - Tue, 2023-11-21 09:04
A South Carolina-based philanthropic endowment announced a request for proposals (RFP) on Monday as part of its new Impact Investing Program that seeks to deploy $5 million by 2024 to advance sustainable transformation of forests and forest-reliant communities.
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Canada’s $14.6 billion CCUS and clean tech legislation doesn’t close gap with US IRA -experts

Carbon Pulse - Tue, 2023-11-21 08:26
Both a proponent and an opponent of carbon capture utilisation and sequestration (CCUS) agree that the US Inflation Reduction Act (IRA) will out-incetivise funding for Canadian technology, despite the expected C$20 billion ($14.6 bln) legislation on Tuesday enshrining a CCUS tax credit first announced in 2021.
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California gasoline sales rise at slower pace in August, while diesel’s decline decelerates

Carbon Pulse - Tue, 2023-11-21 07:37
California gasoline sales and emissions increased only slightly in August compared to the previous year, while diesel consumption and greenhouse gas output lagged 2022 levels by the smallest margins seen so far this year, according to state data published Monday.
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Cannon-Brookes calls on Australia’s biggest coal polluter to move a lot faster to green energy

RenewEconomy - Tue, 2023-11-21 07:36

cannon-brookesCannon-Brookes says AGL's targets for the green energy transition are hopelessly inadequate, and will reward senior executives with bonuses just for "standing still."

The post Cannon-Brookes calls on Australia’s biggest coal polluter to move a lot faster to green energy appeared first on RenewEconomy.

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Canadian watchdog estimates a C$1.1 bln impact in fuel charges proceeds following carbon levy exemption, C$3 bln in rebate payments

Carbon Pulse - Tue, 2023-11-21 07:26
Canada's recent carbon policies would bring down tax revenue by over C$1 billion and increase rural supplement payments to $3 bln, says the budget watchdog.
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RGGI Market: RGAs surpass Cost Containment Reserve trigger levels on modest volume

Carbon Pulse - Tue, 2023-11-21 07:21
RGGI allowances (RGAs) again broke a record settlement price for the benchmark contract on small volume, while market participants speculated the logic behind breach of the Cost Containment Reserve (CCR) trigger level.
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PREVIEW: Imminent Brazil ETS vote faces several unresolved issues ahead of COP28

Carbon Pulse - Tue, 2023-11-21 05:33
Brazil's lower house of Congress will hold a crucial vote on a national Emissions Trading System (ETS) legislation this month amid negotiations over the programme's managing body, sectoral inclusion, and tax reform, two experts told Carbon Pulse.
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Denial is over. Climate change is happening. But why do we still act like it's not?

The Conversation - Tue, 2023-11-21 04:59
Climate denial is passe. But why do so many of us know the climate crisis is upon us – and live like it isn’t? Celeste Young, Collaborative Research Fellow, Sustainable Industries and Liveable Cities (ISILC), Victoria University Roger Jones, Professorial Research Fellow, Victoria University Licensed as Creative Commons – attribution, no derivatives.
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Antigua and Barbuda environment ministry distances itself from “trillion-dollar” blue carbon venture

Carbon Pulse - Tue, 2023-11-21 04:58
Antigua and Barbuda's environment ministry has distanced itself from a company purporting to be developing blue carbon projects there worth up to a trillion dollars, despite the venture listing the Caribbean island nation's prime minister among its leadership team.
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Defra’s failure to protect and restore water bodies ‘unlawful’, high court rules

The Guardian - Tue, 2023-11-21 04:52

Landmark finding in judicial review over management of Costa Beck river could force overhaul of government’s plans

The government and environment agency failed in their duty to restore and protect waterways from pollution, the high court has ruled in a significant case that could force an overhaul of the government’s plans.

Fish Legal and Pickering Fishery Association took the government to judicial review over its river basin management plan for the Costa Beck river in the Humber district, which had a reputation as one of the best fly fishing spots in the UK until a few years ago.

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