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If Labor wants to stop prices skyrocketing, it must forcibly reserve gas for the east coast market. The question is, does it have the nerve?

The post Will energy bills ever come down? Only if Labor gets serious with gas majors appeared first on RenewEconomy.

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

A personal carbon footprint-cutting app has raised $10 million in Series A funding from a group of high-profile investors.

Danish giant Ørsted is looking for a major play in Australia’s offshore wind industry, as well as onshore wind, solar and Power-to-X. Asia Pacific boss Per Kristensen explains why.

The post Energy Insiders Podcast: Ørsted’s big power play in Australia appeared first on RenewEconomy.

Modelling for Australia economy shows rapid switch to renewables will save energy, save money, and deliver considerable health benefits.

The post When wind and solar replace fossil fuels, we will use less energy, save money, and won’t be as sick appeared first on RenewEconomy.

A proposal by California's ARB to strengthen its carbon intensity (CI) reduction targets for transportation fuels is projected to deplete the state's low carbon fuel standard (LCFS) credit surplus bank, leading to a recovery in credit prices, a webinar hosted by an analysis firm heard on Thursday.

California Carbon Allowance (CCA) prices broke out of rangebound trade this week as state regulator ARB prepares to hold a workshop on emissions modeling for the Scoping Plan, while RGGI Allowance (RGA) values continued their recent trend of following movements in the WCI market.

The value of the primary voluntary carbon market (VCM) is expected to increase 20% in 2022 to $1.2 billion as a year-on-year increase in credit prices outweighs a dip in retirement volumes.

Two Mexican legislators on Thursday put forth an initiative that would require offset project operators to meet new social and environmental standards, with the draft legislation unveiled in the wake of a controversy earlier this year in which rural land holders were found to be paid well-below market rates for their offsets.

A major clean project developer is collaborating with an Indian energy company to launch a carbon credit marketplace that features an educational component.

Certifier Gold Standard aims to develop a new framework to help design and develop climate adaptation projects, aiming to spur funding for an area that has historically struggled to attract as much funding as mitigation.

*PREMIUM LISTING – BioLite seeks a candidate with well-developed quantitative skills, proficient English writing skills and at least three years experience with developing carbon finance projects.

Climate Investment Funds said on Thursday that it will earmark $1 billion to help South Africa and Indonesia transition away from coal-fired power in the latest financing effort for emerging economies.

In our land of drought and flooding rains, better water management should feature in every federal budget. The new budget delivers it – but not everyone is happy. Jamie Pittock, Professor, Fenner School of Environment & Society, Australian National University Licensed as Creative Commons – attribution, no derivatives.

Discerning whether that dark splodge in the water is a shark or just, say, seaweed isn’t always straightforward. In reasonable conditions, drone pilots get it right only 60% of the time. Cormac Purcell, Adjunct Senior Lecturer, UNSW Sydney Paul Butcher, Adjunct Professor, Southern Cross University Licensed as Creative Commons – attribution, no derivatives.

Uncertainty around the government’s proposed agricultural emissions pricing scheme is creating a vacuum in the public debate. Maybe it’s time to hand the reins to someone else. Zack Dorner, Senior Lecturer in Environmental Economics, University of Waikato Licensed as Creative Commons – attribution, no derivatives.

The EU’s carbon border adjustment mechanism (CBAM) needs to stay agile to recognise the evolving global geopolitical context and asymmetries of climate policies, with the US Inflation Reduction Act a prevalent example, a research group emphasised on Thursday.

The past year has been "wasted" as nations' updated climate plans accounting for a 1% reduction in emissions, according to a UN report published on Thursday, meaning the world will need to see dramatic societal and sectoral change this decade to avoid climate disaster.

Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits

The climate crisis has reached a “really bleak moment”, one of the world’s leading climate scientists has said, after a slew of major reports laid bare how close the planet is to catastrophe.

Collective action is needed by the world’s nations more now than at any point since the second world war to avoid climate tipping points, Prof Johan Rockström said, but geopolitical tensions are at a high.

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The new PM will not attend the COP27 conference in Egypt due to pressing commitments, No 10 says.