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EUA prices were volatile on Monday morning as the market digested the weekend outcome of the EU ETS reform trilogue, while traders looked to complete their trading activity before today's expiry of the December 2022 futures contract.

Investors with combined assets of €1.3 trillion have joined forces with an activist group to call on the world’s biggest oil firms to set more ambitious climate targets that also include Scope 3 emissions.

Exclusive: DfT refuses to publish emission figures, which campaigners say could make new road projects unviable

The UK government is refusing to release the carbon emission figures behind its transport decarbonisation plan, which campaigners say could make proposed road schemes financially unviable.

The Department for Transport (DfT) is blocking academics from seeing the figures, which include data on how much car use would have to be reduced in order to reach net zero commitments.

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Fotowatio Renewable Ventures Australia owned by a Saudi investment fund and a Canadian infrastructure fund, is to build a second big battery with grid forming inverters in Victoria after winning a role in the federal funding round. The 250MW/500MWh Gnarwarre battery energy storage system will be located in Gnarwarre, south west, Victoria, not far from the […]

The post FRV to build two grid forming battery storage projects in Victoria appeared first on RenewEconomy.

Delegates from 196 nations in the early hours of Monday reached agreement on a post-2020 Global Biodiversity Framework, though observers were quick to stress that strong national implementation will be crucial to make up for some weaknesses in the text.

A pumped hydro project promising 810MW of capacity and energy storage of up to 12 hours has received a funding boost from the NSW state government.

The post NSW backs new pumped hydro project promising 12 hours of storage appeared first on RenewEconomy.

Agreement on ’30 by 30’ target forced through by Chinese president, ignoring objections from African states

• Cop15: key points of the nature deal at a glance

Governments appear to have signed a once-in-a-decade deal to halt the destruction of Earth’s ecosystems, but the agreement seems to have been forced through by the Chinese president, ignoring the objections of some African states.

After more than four years of negotiations, repeated delays due to the Covid-19 pandemic and talks into the night on Sunday in Montreal, nearly 200 countries – but not the US or the Vatican – signed an agreement at the biodiversity Cop15, which was co-hosted by Canada and China, to put humanity on a path to living in harmony with nature by the middle of the century.

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The government of Chongqing has released a draft allowance allocation plan under its pilot emissions trading scheme, though the number of permits for 2021 is yet to be decided.

A bill has been introduced into India’s upper house that aims to provide a framework for the world’s third-largest GHG emitter to reach its target of net zero emissions by 2070.

Snowy Hydro on negative ratings watch because of likely cost blowouts and delays at its Snowy 2.0 pumped hydro and Kurri Kurri gas projects.

The post Ratings agency worried about cost blowouts at Snowy pumped hydro and gas projects appeared first on RenewEconomy.

A Japanese government fund on Monday announced investments of 15.9 billion yen ($117 mln) into research aimed at boosting carbon sequestration in agricultural, forestry, and fisheries products.

Scientists say loss may be as significant as ‘insectaggedon’ in terms of impact on soil, birds and ecosystems

Populations of earthworms in the UK may have fallen by about a third in the past 25 years, an assessment has shown.

Earthworms are vital for the healthy soil that underpins all ecosystems and scientists said a large decline would sit alongside concerns about “insectaggedon” and the global destruction of wildlife.

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Arena funding means Risen Energy will build its first big battery in Australia, with another three in the company's project pipeline.

The post Risen Energy to build its first big battery in Australia with “gamechanger” Arena funding appeared first on RenewEconomy.

Spanish energy giant Iberdrola to work with Abel Energy to build a world-scale green hydrogen and methanol production plant in Tasmania.

The post Iberdrola, Abel to build giant renewable hydrogen and green fuels plant in Tasmania appeared first on RenewEconomy.

While other countries have made additional pledges, Australia criticised for failing to offer more than its budget commitments

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The Greens have criticised the Albanese government for failing to offer any new money for conservation measures at a global conference aiming to secure a new agreement for nature for the next decade.

Countries have been meeting at the Cop15 summit in Montreal to negotiate targets for the protection and restoration of nature, including a target of $US200bn a year to fund conservation work.

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Neoen to add big battery to what is now the country's biggest operating solar farm in Queensland.

The post Neoen to add big battery to what is now Australia’s biggest solar farm appeared first on RenewEconomy.

Decision day looms for sealing a global deal to stop the destruction of nature.

Rapidly emerging TagEnergy announces new renewables hub in north Queensland after ARENA battery funding win.

The post TagEnergy to press go on big renewables hub in north Queensland after battery win appeared first on RenewEconomy.

Australia's offshore wind industry launched, with formal declaration of first development zone and a leg-up to the 2.2GW Star of the South project.

The post Star of the South gets head start as Australia’s offshore wind race officially launched appeared first on RenewEconomy.

Final agreement could bring better protection for vital ecosystems and big reforms to agriculture

A potentially transformational agreement for nature is close to being reached at Cop15 in Montreal, which could bring better protection for Earth’s vital ecosystems such as the Amazon and Congo basin rainforests, big reforms to agriculture and better protection of indigenous territories and rights.

After four years of negotiations and 12 years since the last biodiversity targets were agreed in Japan, the Chinese president of Cop15 put forward its recommendations for a final agreement after two weeks of intense negotiations at the UN biodiversity summit in Canada.

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