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EU nations are seeking opt-outs to a mandatory revenue cap for non-gas power producers, according to a leaked draft seen by Carbon Pulse on Tuesday, while Bloomberg reported that ministers were still considering alternative ETS auction revenues to fund the RePowerEU plan.

A judge grants an 'extensive' injunction in order to prevent access without permission to HS2 land or disruption taking place to its construction.

US software giant Salesforce launched its Net Zero Marketplace on Tuesday, offering carbon credits vetted by third party ratings agencies while also announcing its inaugural providers and other partners.

Tax fossil fuel companies' profits to pay for the damage done by climate change, says UN Secretary General.

EUA prices shook off the bearish implications of reports the EU is considering boosting near-term allowance sales to post healthy gains on Tuesday morning amid a better-than-average auction result, while energy markets weakened for a third day.

Around $100 trillion will be spent on the global energy transition. Australia is well placed with many of the critical minerals, but it must be more than a quarry.

The post More than a quarry: How Australia can grab share of $100 trillion in new global landscape appeared first on RenewEconomy.

Guangzhou, the capital of China's Guangdong province, has announced a new plan to encourage the development of green finance by incorporating companies' carbon ledgers into existing credit information platforms, a move considered to help improve data integrity and transparency in the sector.

Faltering international collaboration threatens to undermine action to tackle climate change and could delay the achievement of net zero emissions by decades, the International Energy Agency (IEA) warned in a report released on Tuesday.

We cannot simply stand back and hope that the elite will give away their wealth to tackle the climate emergency

Making bold statements about addressing the climate crisis has become de rigueur in the corporate world over the past few years. But this was taken to a whole new level when the founder and owner of the outdoor clothing company Patagonia, Yvon Chouinard, announced that his family was transferring 98% of the company’s stock to a newly created not-for-profit organisation dedicated to combatting climate breakdown.

Chouinard was applauded for “giving away” his company for the planet. He himself claimed that it was “turning capitalism on its head”. The widespread admiration of Chouinard is a telling sign of popular dissatisfaction with the excesses of the global corporate economy and its billionaire bosses. But the question remains: does this giveaway mark any fundamental change to the system?

Carl Rhodes is a professor of organisation studies at the University of Technology in Sydney

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Report on Coalition government-era safeguard mechanism underscores what happens when big polluters set the rules on emissions.

The post Report underscores “abject failure” of safeguards mechanism, calls for big polluters to pay appeared first on RenewEconomy.

Andrew Forrest details $9.2 billion spend to reach net zero for his mining giant by 2030, most of it to be spent over next five years.

The post Fortescue to spend $9.2bn on wind, solar, batteries and hydrogen to reach net zero by 2030 appeared first on RenewEconomy.

Papua New Guinea has launched its first biodiversity and climate fund and is calling for project submissions that focus on biodiversity protection, climate change resilience, and nature-based solutions.

Plans unveiled for 60MW solar and 150MWh battery based embedded network to help supply 100% renewables to tenants of the Moorebank Logistics Park.

The post Massive rooftop solar and battery microgrid sets stunning green benchmark for industry appeared first on RenewEconomy.

Australian iron ore producer Fortescue Metals Group (FMG) will spend $6.2 billion by 2030 to eliminate its fossil fuel consumption and reach “real zero” emissions across all its iron ore operations, the company announced on Tuesday.

The most polluting facilities covered under Australia's Safeguard Mechanism should not be given special regulatory treatment, according to an environmental group, instead calling for the government to offer strictly limited technology investments as part of a broader shakeup of the scheme.

It’s great news Origin is walking away from fracking and gas. But other companies are still keen to frack the Beetaloo despite climate and environment concerns. Lily O'Neill, Senior Research Fellow, The University of Melbourne Ben Neville, A/Prof and Deputy Director of Melbourne Climate Futures, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Exclusive: Green home upgrades could also create 140,000 new jobs by 2030, analysis by Cambridge Econometric finds

Insulating homes in Britain and installing heat pumps could benefit the economy by £7bn a year and create 140,000 new jobs by 2030, research has found.

But the uptake of these energy-saving measures depends heavily on government policy, according to analysis by Cambridge Econometrics, commissioned by Greenpeace.

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Bloc must halve its food waste by 2030 to tackle climate crisis and improve food security, say campaigners

The EU wastes more food than it imports and could puncture food price inflation by simply curbing on-farm waste, according to a report.

About 153m tonnes of food in the EU are frittered away every year, double previous estimates and 15m tonnes more than is shipped in, according to the study’s estimates.

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New data shows Victoria beat its 2020 emissions reduction target by nearly 10%. Separate modelling says that, on this trajectory, it could reach net-zero 16 years early.

The post Victoria urged to shoot for net-zero by 2034, after 2020 emissions target “smashed” appeared first on RenewEconomy.

Scale of rise prompts warning Australia will struggle to cut emissions if Labor revamp allows new coal and gas

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Greenhouse gas emissions from gas and oil extraction in Australia rose 20% in the five years after the 2016 introduction of the safeguard mechanism, a policy supposed to stop increases.

The scale of the emissions growth, revealed in a new analysis by the Australian Conservation Foundation (ACF), has prompted a warning that the Albanese government will struggle to cut industrial emissions if its planned revamp of the mechanism continues to allow new coal and gas developments.

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