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South Australia and Victoria to host first auctions under Capacity Investment Scheme

RenewEconomy - Fri, 2023-05-12 14:56

big battery tesla Neoen VictoriaSouth Australia and Victoria will be the first states to hold auctions for storage under the new Capacity Investment Scheme.

The post South Australia and Victoria to host first auctions under Capacity Investment Scheme appeared first on RenewEconomy.

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Fortescue offers first glimpse of Australia’s first hydrogen electrolyser factory

RenewEconomy - Fri, 2023-05-12 14:46

FFI electrolyser factory fortescue hydrogenFortescue offers glimpse of Australia's first hydrogen electrolyser factory, which is undergoing a fit out to get ready for first production.

The post Fortescue offers first glimpse of Australia’s first hydrogen electrolyser factory appeared first on RenewEconomy.

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The net zero fallacy: How Australia’s renewables projections got so absurd

RenewEconomy - Fri, 2023-05-12 14:44

Australia's plan to get its economy to net zero by 2050 is a laudable goal. But it has been hijacked by people huffing hydrogen hopium.

The post The net zero fallacy: How Australia’s renewables projections got so absurd appeared first on RenewEconomy.

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Why magnetite will be crucial to Australia’s green steel transition

RenewEconomy - Fri, 2023-05-12 14:18

iron bridge magnetite mine siteThe steel sector's green transition has shifted the industry's focus to the emerging high-grade market by further exploring magnetite iron ore.

The post Why magnetite will be crucial to Australia’s green steel transition appeared first on RenewEconomy.

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Energy Insiders Podcast: EVs and big batteries on the march

RenewEconomy - Fri, 2023-05-12 14:10

vw ID3 with ionity chargerWilliam Todts, the head of Transport and Environment, on the accelerating EV transition in Europe. Plus: Australia to have a new biggest battery.

The post Energy Insiders Podcast: EVs and big batteries on the march appeared first on RenewEconomy.

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Australia opens new ERF exit window for ACCU contract holders

Carbon Pulse - Fri, 2023-05-12 13:43
Australia has opened a third pilot exit window for carbon abatement contract (CAC) holders with the Emissions Reductions Fund (ERF) to sell their Australian Carbon Credit Units (ACCUs) on the secondary market, the Clean Energy Regulator announced Friday.
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Coalition goes nuclear again as Dutton compares big batteries to pink batts

RenewEconomy - Fri, 2023-05-12 13:33

Coalition is digging deeper into its nuclear fantasy and takes another swipe at battery storage and transmission links.

The post Coalition goes nuclear again as Dutton compares big batteries to pink batts appeared first on RenewEconomy.

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New home electrification pilot targets “those who need it most”

RenewEconomy - Fri, 2023-05-12 12:59

Canberrans suffering from chronic ill-health are the focus of a new pilot offering up to $10,000 to quit gas, shift to efficient electric appliances.

The post New home electrification pilot targets “those who need it most” appeared first on RenewEconomy.

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Govt-commissioned panel urges New Zealand to set up biodiversity credit market

Carbon Pulse - Fri, 2023-05-12 12:24
New Zealand should establish a biodiversity credit market to help drive sustainable land use and increase resilience, concluded a report released Friday by the government-appointed inquiry panel into the devastating impacts of Cyclone Gabrielle in February.
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Four charts on the unstoppable growth of solar – our best hope against climate change

RenewEconomy - Fri, 2023-05-12 12:12

To supply everyone with enough electricity to live a good life, we’ll need about 200 billion megawatt-hours per year. Assuming solar does the heavy lifting, is it possible?

The post Four charts on the unstoppable growth of solar – our best hope against climate change appeared first on RenewEconomy.

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NZ forestry slash report calls on govt to expand scope of ETS review, stricter forest management

Carbon Pulse - Fri, 2023-05-12 12:05
A government commissioned inquiry into the devastating damage caused by forestry slash in the wake of Cyclone Gabrielle has urged Wellington to expand the scope of the ETS to consider how it encourages monoculture exotic tree plantings.
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Canadian wildfire smoke reaches US

BBC - Fri, 2023-05-12 10:13
Satellite images show much of Canada and parts of US blanketed by smoke from the Alberta wildfires.
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Energy Next announces agenda for July event

RenewEconomy - Fri, 2023-05-12 10:12

The agenda includes expert presentations and panel discussions on topics including solar, wind, energy storage, hydrogen, VPPs, EVs, and microgrids. 

The post Energy Next announces agenda for July event appeared first on RenewEconomy.

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CP Daily: Thursday May 11, 2023

Carbon Pulse - Fri, 2023-05-12 10:08
A daily summary of our news plus bite-sized updates from around the world.
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Banana appeal: Australia’s first genetically modified fruit sent for approval

The Guardian - Fri, 2023-05-12 10:00

Cavendish made to resist fungus threatening variety worldwide is seen as safety net for growers if industry wiped out

Scientists have submitted Australia’s first genetically modified fruit – a Cavendish banana – to regulators for approval, saying it has been engineered to withstand a deadly fungus that poses a threat to banana growers worldwide.

The banana, known as QCAV-4, has been genetically modified to resist a fungus known as Panama disease tropical race 4 (TR4), which is threatening the multibillion-dollar Cavendish industry globally.

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Which European nations are winning the heat pump race?

BBC - Fri, 2023-05-12 09:04
Nordic countries are way ahead when it comes to installing energy efficient heat pump systems.
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Wealth tax of 0.5% could cover UK’s share of loss and damage fund, says charity

The Guardian - Fri, 2023-05-12 09:01

International fund set up at Cop27 is intended to provide compensation to countries worst hit by climate breakdown

A tax on wealthy Britons of just 0.5% could more than meet the UK’s entire “fair share” contribution to the international loss and damage fund established to support countries worst hit by global climate breakdown, a charity has suggested.

Taxing 5p of every £10 of individuals’ wealth over £1m would raise £15bn a year by 2030, well in excess of an estimated $15bn (£12bn) UK contribution to the new fund, according to an analysis by the anti-poverty campaigners Christian Aid.

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China set for record high emissions in ’23 but peaking possible with renewables growth, research says

Carbon Pulse - Fri, 2023-05-12 09:01
China’s CO2 emissions grew by 4% in the first quarter of the year, reaching a new record and putting the world’s largest GHG emitter on track for a new high in annual emissions this year, according to research released on Friday.
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Robot camera spies scaly guest in Florida water pipe

BBC - Fri, 2023-05-12 08:23
A robot camera, looking for anomalies under the road, came across a wandering five-foot beast.
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Xpansiv CBL planning to launch separate GEO contract for next CORSIA phase

Carbon Pulse - Fri, 2023-05-12 08:15
ESG marketplace Xpansiv has no plans on amending the specifications of its existing CORSIA-aligned offset contract in light of UN body ICAO’s vintage decision for the next phase of the global aviation carbon credit programme, and instead intends on launching a new contract with the required changes, the company told Carbon Pulse.
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