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Snowy Hydro's interim CEO tells Senate Estimates of the extent of delays and cost over-runs of the massive Snowy 2.0 project.

The post Snowy finally confirms pumped hydro project over budget and behind schedule appeared first on RenewEconomy.

Coal mines will help Australia meet a COP26 methane pledge but developing countries are gearing up to make loss and damage the cause de jour of COP27.

The post Australia praised for methane reductions, but should be prepared for uncomfortable COP appeared first on RenewEconomy.

Australian start-up developing long range electric vertical take-off and landing aircraft technology, and another focusing on solar panels on planes have won federal funding.

The post Solar plane and electric vertical take-off and landing technologies win Australian grants appeared first on RenewEconomy.

Rooftop PV and large scale solar producer nearly 60 per cent of generation for first time, sending grid demand to record low and eating further into coal's lunch.

The post Solar nears 60pct of grid generation for first time, taking biggest bite yet out of coal’s lunch appeared first on RenewEconomy.

Analysis examining carbon impact of billionaires’ investments published as Cop27 talks get under way

The super-rich emit greenhouse gases at a level equivalent to the whole of France from their investments in carbon intensive businesses, according to analysis published on the opening of the Cop27 UN climate talks in Egypt.

Examining the carbon impact of the investments of 125 billionaires, the research found they had a collective $2.4tn stake in 183 companies. On average each billionaire’s investment emissions produced 3m tonnes of CO2 a year; a million times more than the average emissions of 2.76 tonnes of CO2 for those living in the bottom 90% of earners. In total the 125 members of the super-rich emitted 393m tonnes of CO2 a year – equivalent to the emissions of France, which has a population of 67 million.

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A group of Egyptian financial organisations has signed a framework agreement to establish what they are calling Africa’s "first" voluntary carbon trading platform.

Australia's ossified institutions may not have the vision to make the changes our energy markets need. For consumers, that would be a terrible tragedy.

The post Electrical storm: Is it time for a reset of Australia’s energy market?  appeared first on RenewEconomy.

The Supervisory Body for the UN's new crediting mechanism under the Paris Agreement agreed on a "general" set of recommendations for removals at its third meeting in Sharm el-Sheikh on the eve of the COP27 summit.

It's the first Monday of COP27 and the climate talks have officially gotten underway in Sharm el-Sheikh. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout each day.

European countries stand accused of climate hypocrisy as they buy up the world’s fossil fuel resources to secure domestic energy supply.

The post Energy hungry EU must regain the trust of poorer countries at COP27 appeared first on RenewEconomy.

The PM will tell world leaders at the COP27 summit to deliver on promises to tackle global warming.

Ex-PM to contrast optimism at Cop26 last year with failures of governments – including UK – to follow through

Boris Johnson will attack the “corrosive cynicism” on net zero that is hampering UK, and global, efforts to tackle the climate crisis, in a speech at the UN Cop27 climate summit on Monday.

In a swipe at members of his own Conservative party, the former UK prime minister will contrast the success and spirit of optimism at Cop26 in Glasgow last November with the failures of governments – including the UK – to follow through on promises since.

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How is it that a technologically advanced society could choose to destroy itself by failing to act to avert a climate catastrophe?

The post A technologically advanced society is destroying itself. It’s fascinating and horrifying to watch appeared first on RenewEconomy.

Government guidance would empower consumers, helping them save on bills, says thinktank

A public information campaign to encourage consumers to cut their gas usage this winter could save households nearly £400 and the Treasury £9bn, a study has shown.

An analysis by the cross-party thinktank the Social Market Foundation found that households could save between £250 and £400 a year if a UK campaign similar to Germany’s national energy-awareness drive were launched.

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Why does civil society accept a system that condemns today’s children life on a hostile planet? And what can we do about it? Christopher Wright, Professor of Organisational Studies, University of Sydney Daniel Nyberg, Professor of Management, Newcastle Business School, University of Newcastle Vanessa Bowden, Lecturer, University of Newcastle Licensed as Creative Commons – attribution, no derivatives.

Australia now has a target of protecting 30% of its land and sea area. But the challenges of conserving urban biodiversity illustrate why it’s a much more complex task than a simple target suggests. Simon Kilbane, Senior Lecturer, Landscape Architecture, Deakin University Licensed as Creative Commons – attribution, no derivatives.

Guyana is in the process of certifying more than 30 million forest carbon credits, the country’s vice president Bharrat Jagdeo has told local media, a move that could see some of the first verified jurisdictional carbon credits hit the market.

Winner of government tender was unveiled at Cop26 as one that would ‘stand the test of time’

It was meant to join the red phone box, the London bus and the black cab as a symbol of modern Britain. Yet a so-called iconic design for a UK electric car charger commissioned by Grant Shapps, then transport minister, is likely to remain on the drawing board after the government admitted it may never be made.

The government put out the tender for the contract in June last year and revealed the winning design, by the Royal College of Art and PA Consulting, at the Cop26 climate conference in Glasgow a few months later.

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Claim by academics, including former integrity chair of Australia’s carbon credit scheme, raises further doubts about system

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Projects meant to regenerate Australia’s outback forests to store carbon dioxide have been awarded millions of carbon credits – worth hundreds of millions of dollars – despite total tree and shrub cover in those areas having declined, a new analysis has found.

It is the latest claim that raises doubts about the integrity of Australia’s carbon credit system, which the federal government and polluting businesses rely on to meet targets to reduce greenhouse gas emissions.

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Greta Thunberg thinks the summit is about ‘greenwashing, lying and cheating’, however it could force the Albanese government to back rhetoric with new pledges

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Greta Thunberg is not a fan of Cop27, the climate conference that got under way in Egypt overnight on Sunday. She reckons it’s just a chance for the powerful to get away with “greenwashing, lying and cheating”, and that the annual summits of national governments, policy experts, spruikers and hangers-on aren’t working. She’s not going.

She might be right not to go. As a privileged middle-aged man from a generation that has failed to do enough to address the climate crisis – more than half all historic emissions have been in the past 30 years – I’m not here to say she’s wrong.

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