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New deals for four hour batteries takes the technology make the next giant leap over the fossil fuel generators they will replace.

The post Battery storage takes another giant leap over fossil fuels in heart of coal country appeared first on RenewEconomy.

A daily summary of our news plus bite-sized updates from around the world.

CEFC gets more than $20 billion in new funds - mostly for transmission - to try and get the renewable transition back on track.

The post “We must move quickly:” CEFC gets $20bn to put renewable transition back on track appeared first on RenewEconomy.

At a climate summit in Paris, Barbados's prime minister wants to raise billions for poor nations.

The spot price for NZUs hit a two-year low in Thursday morning trade, and is likely to fall "much lower" as the release of the government’s ETS review consultation created further uncertainty in the market, according to market participants.

Fossil fuel company ‘aims to thrive through the energy transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio’

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The Australian energy giant Woodside is spending $7bn to drill for 479m barrels-worth of oil and gas off the coast of Mexico, but it says this is all in line with keeping global heating to 1.5C.

How?

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Following the destruction of the Kakhovka dam, BBC analysis reveals the changes in the surrounding area.

A startup carbon removal marketplace has raised $13 million in Series A funding after claiming a substantial share of the high-value deals seen to date in the nascent sector.

A Berlin-based climate tech startup has raised €3.5 million in funding to help it develop its precise carbon footprint calculation and compensation tool for travel and logistics emissions.

A significant amount of value is at risk for many of the world's biggest brands if their stakeholders' perceptions of sustainability are not in alignment with actual corporate performance, according to a study.

Largest solar and battery storage project in the Western Pacific will meet more than 25% of Palau's electricity needs.

The post Largest solar and storage project in western Pacific comes online in Palau appeared first on RenewEconomy.

Caribbean seagrass offers various benefits worth around $255 billion annually, including $88.3 bln worth of carbon storage, according to a new study.

An Estonian startup developing carbon removal projects through land restoration in Africa has successfully closed a €1 million investment round.

A US-based blockchain company has hired the lead originator from an Australia-headquartered carbon market financier and asset manager, as the firm readies for a major registry to permit credit tokenisation in Q3.

A government advertising watchdog on Tuesday made a recommendation for a US-based multinational food processing company to discontinue using claims relating to achieving net zero emissions.

Before the colonists came, we managed the land with careful use of cool burns. To stop giant bushfires, we have to learn again how to care for country. Robbie Williams, Traditional Owner, Indigenous Knowledge Licensed as Creative Commons – attribution, no derivatives.

The US EPA published its final Renewable Fuel Standard (RFS) blending quotas on Wednesday for the next three years without the ‘e-RIN’ proposal, as the advanced biofuels quota surprised market participants by not increasing as much as expected compared to the preliminary volumes.

EU member states will cut the total volume of EUAs sold at auction between July and September by 22% after the bloc begins selling allowances in July to fund the EU’s REPowerEU initiative, and the market stability reserve adjusts market supply in the last four months of the year.

Massachusetts’ Global Warming Solutions Act (GWSA) current vintage cap-and-trade auction this month settled at the lowest level since last March as offered volume increased, while the future vintage sale cleared at the highest price since September, according to results published Wednesday.

A former employee warned of potential safety problems with the OceanGate vessel in 2018.