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Oil major puts final touches to public-private VPP with enough energy to keep up to 1,000 household air-conditioners running on a hot summer day.

The post Shell Energy adds last of 16 solar batteries to “landmark” virtual power plant appeared first on RenewEconomy.

Tesla says South Australia and grid and distributed battery storage shining path to replace coal and gas "one plant at a time" and reach 100 pct renewables.

The post Tesla says South Australia is blueprint for batteries to replace coal and gas “one plant at a time” appeared first on RenewEconomy.

Speakers at the One Forest Summit that began on Wednesday in Gabon described the converging of nature and climate goals and outlined their view that the private sector will assume a leading role in channeling finance to nascent biodiversity markets.

Indonesia has received its first advanced payment, totalling $20 million, for REDD+ activities in East Kalimantan province from the World Bank’s Forest Carbon Partnership Facility (FCPF).

A US-based carbon credit financier and originator on Tuesday announced an initial offering of $100 million in offsets available via a Toronto-based capital raising platform. 

California Carbon Allowance (CCA) prices jumped on Wednesday afternoon after the head of regulator ARB confirmed the agency must strengthen the WCI-linked cap-and-trade system to achieve an accelerated 2030 GHG reduction target.

Construction begins on the first of six big solar and battery storage projects to be fast-tracked through Victoria's second renewable energy auction.

The post Construction starts on first of six fast-tracked solar and storage projects in Victoria appeared first on RenewEconomy.

A detailed reading of the company’s climate change report reveals a different picture from that of its headline claims

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Australia’s biggest oil and gas company, Woodside, came out with its annual climate change report this week.

“Woodside aims to thrive through the energy transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio,” the company said, while also reporting an eye-watering $7.7bn profit for 2022.

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Net assets from offset standard developer and manager Verra nearly quadrupled between 2019 and 2021 as carbon credit issuances spiked, according to its annual financial statement published Tuesday.

California Low Carbon Fuel Standard (LCFS) credit values in recent days unravelled from 5.5-month highs that were spurred by a presentation last week to tighten the scheme’s GHG reduction targets, while an Idaho-based California Carbon Offset (CCO) project applied to transition to the transportation sector programme.

Musk says world can dump fossil fuels and move to an electric economy, and save money and energy. "I'm shocked by how few people realise this."

The post Musk says electric world that kicks out fossil fuels will cost less than combustion economy appeared first on RenewEconomy.

You won’t like this idea – but we may well need oil and gas companies to make green hydrogen and green chemicals a reality Murray Shearer, Professor of Hydrogen and Alternative Energy, CQUniversity Australia Licensed as Creative Commons – attribution, no derivatives.

Apartments have lower waste recycling rates than houses, which means the growing numbers of apartment dwellers could add to Australia’s waste management crisis. But there are solutions to the problem. Bhavna Middha, Research Fellow, Centre for Urban Research, RMIT University Ralph Horne, Deputy Pro Vice Chancellor, Research & Innovation, College of Design & Social Context, RMIT University, RMIT University Licensed as Creative Commons – attribution, no derivatives.

EU parliamentarians are considering whether to push for the creation of a bloc-wide carbon removals market before the end of the decade, with at least one senior MEP signalling on Wednesday that they will submit an amendment in upcoming legislation while another urged caution.

The current price of EU carbon allowances makes renewable hydrogen competitive against fossil fuel-derived, the European Commission's top climate official told an event in Brussels on Wednesday in remarks that contrast with recent legislator views expressing unease at the record levels.

Study adds to fears Amazon is approaching tipping point after which it will not be able to generate its own rainfall

For the first time researchers have proven a clear correlation between deforestation and regional precipitation. Scientists hope it may encourage agricultural companies and governments in the Amazon and Congo basin regions and south-east Asia to invest more in protecting trees and other vegetation.

The study found that the more rainforests are cleared in tropical countries, the less local farmers will be able to depend on rain for their crops and pastures.

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Regulatory associations and industry bodies are calling for carbon credits to be classified as physical commodities globally, rather than as financial instruments where regulation is more onerous.

A multinational IT firm has partnered with a seagrass conservation charity to launch an open-source algorithm that helps locate, quantify, and track seagrass meadows initially across the UK, announcing the move to celebrate the UN's first-ever World Seagrass Day on Wednesday.

The European Parliament’s environment committee (ENVI) on Wednesday voted for a steeper phase-down of fluorinated gases (F-gases) from 2039 onwards, aiming to raise ambition in a revised regulation to rid the bloc of the potent warming gases used in refrigeration.