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The spot price for NZUs fell by almost 13% to NZ$75 ($47.66) on Friday in reaction to the government keeping the ETS price settings mostly as is, bar slight adjustments for inflation.

GE's Haliade-X wind turbine receives full type certificate for operations up to 14.7 MW from DNV GL, the world’s largest independent certification body.

The post GE’s monster Haliade-X offshore wind turbine now officially most powerful in world appeared first on RenewEconomy.

The generation of electricity by burning native forest wood waste will no longer be counted as renewable in Australia, as Labor makes good on Climate Bill negotiation promise.

The post Greens hail blow to “ludicrous” practice of burning native forests for energy appeared first on RenewEconomy.

A Canadian-headquartered asset manager chaired by UN climate champion Mark Carney oversaw the clearing of thousands of hectares worth of tropical forest in Brazil and then opted to sell the land rather than reforest it, a campaign group has claimed.

Gabon and Mongolia have allied with conservation collaboration initiative Enduring Earth to protect large areas of land, oceans, and freshwater resources as part of their commitments to meet the 30x30 global natural protection target that is being negotiated at COP15 in Montreal.

Free market mechanisms have been used for years to tackle the environmental crisis – with disastrous results. It’s time for some new ideas

“When [a] crisis occurs, the actions that are taken depend on the idea that are lying around.”

Nowhere has Milton Friedman’s dictum applied with more force than in respect of the environment. When scientists first raised the alarm about global warming in the late 1980s, the ideas “lying around” all pertained to neoliberalism. As a result, mainstream climate action has prioritised free market mechanisms, with disastrous results.

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Firmed renewable energy from a mix of solar and wind remains by far the cheapest source of new-build electricity generation in Australia, despite a jump in costs across all technologies due to global inflationary pressures. This is the conclusion of the draft 2022-23 GenCost report from CSIRO, the latest annual update from the national science […]

The post Firmed wind and solar still much cheaper than fossil fuels, even with inflation, says CSIRO appeared first on RenewEconomy.

California regulator ARB’s Board on Thursday voted to implement the state’s final 2022 Scoping Plan, reaching the culmination of a two-year development process and setting the state on track to become carbon neutral by 2045 and strengthen its suite of climate policies.

Only six farms are prosecuted for pollution despite 300 river contaminations in one year.

Tesla has taken its first steps towards becoming a major player in energy retailing, with the launch of an electricity plan to Powerwall customers.

The post Tesla takes first step to becoming an energy utility with new retail offer for battery owners appeared first on RenewEconomy.

AEMO reveals four new scenarios for its next big planning document, with consumer owned rooftop PV and EVs, and green hydrogen the big swing factors.

The post Consumers and green hydrogen the big swing factors in AEMO’s new planning blueprint appeared first on RenewEconomy.

Projects in the nascent voluntary biodiversity credit (VBC) market are already piloting different approaches to measuring biodiversity improvements ahead of larger standards that could emerge as early as next year.

it’s hard to justify buying a battery right now on cost savings alone. If other reasons also matter to you, it’s easier to justify. Peter Pudney, Associate Professor of Industrial and Applied Mathematics, University of South Australia Adrian Grantham, Adjunct Research Associate, University of South Australia Heather Smith, PhD Candidate, Industrial AI Research Centre, University of South Australia John Boland, Professor of Environmental Mathematics, University of South Australia Licensed as Creative Commons – attribution, no derivatives.

Countries are promising new funds to help protect 30% of the planet for nature but will it secure a deal?

Brookfield sold Brazil farms despite boss's call not to "walk away" from carbon-intensive assets

California Carbon Allowance (CCA) prices continued to pick up steam through the option-expiry week, while RGGI Allowances (RGAs) were unchanged over the last five days despite volumes picking up after the prior week’s fourth quarter auction.

The Ontario Ministry of Environment, Conservation, and Parks (MECP) this week finalised amendments to increase the stringency of its Emissions Performance Standards (EPS) programme to avoid running afoul of Canada's stricter CO2 pricing mandate.

Conservationists say amount is ‘nothing like what’s needed’ to achieve 30x30 target and address nature crisis

The UK has announced it will give nearly £30m to support developing countries in delivering the target to protect 30% of land and ocean by 2030, an amount conservationists criticised as being “nothing like what’s needed”.

The announcement was made on Thursday as the environment secretary, Thérèse Coffey, started international negotiations at Cop15 in Montreal. The £29m pledge – £24m of which is new money – is being allocated to support developing countries in delivering the 30x30 target, which is a negotiating priority for the UK at the UN summit.

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US farm technology firm Indigo Ag on Thursday announced it has disbursed $3.7 mln to growers ahead of its second soil carbon credit issuance, with these payments having risen substantially since the start of the programme.