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

The French power company plans to use batteries to suck up transmission capacity left dormant by the Hazelwood coal plant closure.

The post Engie says batteries “the only game” in Gippsland as Hazelwood rehab stuck in limbo appeared first on RenewEconomy.

The biggest winner of the first NSW renewables and storage auction says the contracts protect investors from unexpectedly low wholesale prices.

The post Solar auction winner says NSW contracts reduce risk to 8GW pipeline appeared first on RenewEconomy.

Finnish carbon offset firm Compensate Operations Ltd announced a significant scaling down of its operations due to difficulties in securing additional funding.

Ratch Australia kills plans to use land in Victoria's coal heartland to build a 70MW solar farm.

The post Developer kills plans for 70MW solar farm in coal heartland appeared first on RenewEconomy.

As the world’s largest standard body Verra expedites new rules on how to measure GHG improvements from forest protection, experts at a carbon credit ratings agency have pointed out strengths and risks to the proposed approach.

From a scientific standpoint, the kind of climate denialist claims that come with every cold snap are absurd. So why are so many people susceptible to this type of disinformation?

The post The thinking error that makes people susceptible to climate change denial appeared first on RenewEconomy.

EY Net Zero Centre report says Australia needs "clear-eyed policy" and targeted government support to seize $40bn a year decarbonisation opportunity.

The post Renewables superpower or “lost opportunity:” EY says policy will decide Australia’s fate appeared first on RenewEconomy.

New York lawmakers dropped virtually all programme design-related elements for the state’s economy-wide cap-and-trade system in a revised budget package presented Monday, instead merely detailing how the Empire State will distribute allowance revenues via rebates or climate investments.

Snowy Hydro reveals more big delays and cost blow outs in troubled Snowy 2.0 pumped hydro project, now not likely to begin full production until late 2029.

The post Snowy 2.0 project pushed back to late 2029, costs to blow out again appeared first on RenewEconomy.

A Canadian carbon credit investment firm launched a new offset programme on Tuesday for building owners to generate revenue from emissions reduction initiatives.

Power generators regulated by Massachusetts’ Global Warming Solutions Act (GWSA) cap-and-trade saw their CO2 output drop to the lowest since 2020 over the January-March period, according to data updated Tuesday.

The Northeast and Mid-Atlantic US RGGI power sector cap-and-trade system saw its permit glut decline in 2022 in tandem with the programme’s bank adjustment, according to a report published Tuesday, while updated data showed year-on-year CO2 output slid even further in Q1.

Scientists found the vital habitat was home to far less life during warmer times on Earth

Life relies on a fine balance between energy in and energy out. But heating the world 1.2℃ means we’ve trapped an extraordinary amount of extra energy in the Earth system. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Steven Sherwood, Professor of Atmospheric Sciences, Climate Change Research Centre, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

ESG commodities platform Xpansiv expects to post pre-tax profits at the end of this financial year after halving losses in 2022 and almost doubling revenue, the company said in a statement on Thursday, as it shrugged off concerns from its auditor that ongoing operations were in doubt if financiers withdrew support.

Hidden camera at slaughterhouse appears to show ‘utterly inhumane’ use of CO2 to stun pigs before slaughter

New undercover footage showing British pigs being gassed prior to slaughter has led to renewed calls to investigate the use of CO2.

Campaigners say the pictures – the first of their kind to be obtained in a UK abattoir – show the “utterly inhumane” nature of using CO2 to stun pigs before being killed. But the pork industry says its use is recognised as the most welfare-friendly method available, and says alternatives are being sought.

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The European Parliament's initial response to the bloc's carbon removals bill doesn't fix the controversial proposal and keeps flaws, green groups in Brussels claimed on Tueesday.

Trade was brisk over the past week, after REDD avoided deforestation prices turned a corner to edge higher after 2016 vintages (V16) from a well-known project struck $2 to attract a flurry of trades.

Redirecting massive defence spending and implementing a windfalls gains tax in the 2023 federal budget could go a long way to saving our environment

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Like trickle-down economics or goldfish memories only being three seconds long, there’s a myth that continues to haunt this nation, and, like a zombie, it refuses to die. This myth, and the damage it inflicts, has been aided and abetted by the Australian government. This deception is propagated and perpetuated for political purposes. What is this myth? The notion that our government simply can’t afford to greatly increase spending on environmental protection and recovery.

As we approach another federal budget, the government’s priorities are writ large. At the same time, we continue to bear witness to – and suffer through – the devastating impacts of a changing and deteriorating climate, collapsing ecosystems and an increasing number of threatened species racing towards extinction.

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