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FRV secures new finance deal for the country's first solar farm to use single axis tracking technology.

The post FRV secures new finance for Australia’s first solar farm to use tracking technology appeared first on RenewEconomy.

High voltages cost Australian consumers close to $2 billion a year in excess consumption, reduced solar output and long-term damage to electrical equipment.

The post There’s a smarter way of solving the problem of dumb, legacy solar inverters appeared first on RenewEconomy.

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

Countries that belong to the Organisation for Economic Co-operation and Development (OECD) are set to close three-quarters of their coal power plants by 2030, but research shows that fossil fuel companies mostly based in such nations have begun to ramp up new investment in Africa instead.

Carbon Pulse has hired its first product director, as the world's leading carbon markets news service focuses on developing its non-editorial content, while it has also doubled its Brussels-based reporting team amid a major growth push.

AGL shareholders vote in all four independent board candidates nominated by tech billionaire Mike Cannon-Brookes, in direct opposition to advice of current board.

The post Cannon-Brookes wins historic battle to green up AGL Energy’s board appeared first on RenewEconomy.

Young campaigners say they are calling out "greenwashing" at COP27 from the inside.

Combined emissions from 15 companies surpass Russia’s and equate to more than 80% of EU’s methane footprint, study finds

The combined methane emissions of 15 of the world’s largest meat and dairy companies are higher than those of several of the world’s largest countries, including Russia, Canada and Australia, according to a new study.

The analysis from the Institute for Agriculture and Trade Policy and Changing Markets Foundation found that emissions by the companies – five meat and 10 dairy corporations – equate to more than 80% of the European Union’s entire methane footprint and account for 11.1% of the world’s livestock-related methane emissions.

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Compliance entities dropped their California Carbon Allowance (CCA) net length to lows not seen since early April as a massive spread trade occurred, as financials throttled back CCA net length from four-month highs while continuing to add to their RGGI holdings, according to US Commodity Futures Trading Commission (CFTC) data published Monday.

At least three of Brazil’s most forested states are preparing to bring what could be hundreds of millions of credits to the global voluntary carbon market, Carbon Pulse has confirmed.

Turkey is set to announce an updated NDC this week, with the government set to pledge to the UNFCCC a higher emissions cut target and for the first time declare when its emissions will peak, sources close to the process told Carbon Pulse on Monday.

A Canada-based voluntary carbon credit investor on Monday said it is readying for a successful 2023, even as the firm reported several million in losses over the first financial quarter and further uncertainty regarding REDD offset deliveries.

Several high-level representatives from rich countries noted on Monday the need to mobilise much greater levels of climate finance flows to vulnerable countries, responding to developing country lambasting of the current $100 billion promise as “insufficient” and “broken.”

EU climate chief Frans Timmermans arrived at COP27 UN climate talks on Monday proclaiming that hydrogen could be a huge opportunity for Africa, despite green groups stating that if the fuel does not come from 100% renewable sources this solution will only worsen the energy and climate crisis.

Spot and nearby futures for nature-based solutions continued to sink lower in the past week despite a raft of upbeat announcements of investment in the voluntary carbon market (VCM) at COP27 in Egypt.

With Australia experiencing its third year of a La Niña weather cycle, First Nations communities continue to be disproportionately impacted by floods. Culturally safe solutions are needed. Toni Hay, Expert in Indigenous climate adaptation, Indigenous Knowledge Courtney-Jay Williams, Principal Advisor at Indigenous Climate Change, Indigenous Knowledge Licensed as Creative Commons – attribution, no derivatives.

Establishing the age of K'gari (Fraser Island) confirms it emerged before the reef, despite the climate being suitable for coral growth long before then. James Shulmeister, Adjunct Professor, University of Queensland, and Professor and Head of School of Earth and Environment, University of Canterbury Daniel Ellerton, Postdoctoral Researcher, Department of Geological Sciences, Stockholm University Licensed as Creative Commons – attribution, no derivatives.

Previous summit’s president tells ministers no ‘backsliding’ must be allowed over climate crisis ‘red line’

Alok Sharma, the former UK cabinet minister who presided over the Cop26 climate summit in Glasgow last year, has warned delegates at Cop27 that the possibility of limiting global heating to no more than 1.5C may be at risk.

“We’ll either leave Egypt having kept 1.5C alive or this will be the Cop where we lose 1.5C,” Sharma said at the opening on Monday of the high-level ministerial roundtable on pre-2030 ambition.

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Spot and nearby futures for nature-based solutions continued to sink lower in the past week despite a raft of upbeat announcements of investment in the voluntary carbon market (VCM) at COP27 in Egypt.

The US and China will resume official talks on climate change, after their leaders held a meeting at the G20 Summit in Bali on Monday, raising hopes that the move will spur substantial progress to the so-far sluggish COP27 negotiations in Sharm el-Sheikh.