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The UK's fortnightly carbon allowance auction failed to sell out on Wednesday, with just 80% of the UKAs on offer finding buyers, as bid prices fell far below the prevailing market price.

EU carbon plummeted by as much as 7.5% on Wednesday numerous bearish pressures including reports of a big emitter unwinding hedges and selling relating to margin calls – all as gas prices spiked further and EU lawmakers discussed Europe’s energy crisis and possibly curbs to ETS speculation.

Current sky-high energy prices must not divert EU lawmakers from reforms to meet the bloc’s climate goals, the MEP tasked with steering carbon market legislation through the European Parliament said Wednesday.

A Briton and a German have been awarded the chemistry Nobel for their work to build new molecules.

A Japanese government energy agency will commence work to develop a standard for the measuring of emissions from the LNG sector, it was announced this week.

Some old favourites have fallen by the wayside, but it’s all to play for on Thursday as supporters of eliminated birds decide which finalist to back

Vote now for your chosen bird

The cassowary is long gone. So too the sulphur-crested cockatoo, the swift parrot, the shy albatross and the spotted pardalote.

No, there hasn’t been (another) mass extinction (yet) but the new voting format in the 2021 Guardian Australia/Birdlife Australia bird of the year poll means the competition has morphed into a brutal kind of ornithological Game of Thrones.

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Catastrophes like fires and floods could set the economy back more than $1.2tn by 2060, even if action is taken

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Climate change-related disasters will cost Australia $73bn a year by 2060, even if action to curb emissions is taken now, a report has found.

And if nothing is done to tackle climate change, that figure will grow to $94bn a year by that date, a study by Deloitte Access Economics says.

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South Korea is likely to bump up its 2030 emissions target again, according to domestic media reports, just weeks after the previous increase, with most of the additional commitment likely to be met through purchasing credits from abroad.

Photon selects Longi technology to generate maximum solar energy yields and achieve the financial goals set out in merchant operator business model.

The post Photon taps Longi Hi MO 4 bifacial solar panels for NSW merchant projects appeared first on RenewEconomy.

Climate academics from some of the regions worst hit by warming are struggling to be published.

Trillions of dollars a year are ‘adding fuel to the fire’ of the climate crisis, experts say

The fossil fuel industry benefits from subsidies of $11m every minute, according to analysis by the International Monetary Fund.

The IMF found the production and burning of coal, oil and gas was subsidised by $5.9tn in 2020, with not a single country pricing all its fuels sufficiently to reflect their full supply and environmental costs. Experts said the subsidies were “adding fuel to the fire” of the climate crisis, at a time when rapid reductions in carbon emissions were urgently needed.

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Renewables set new record share of 35.4 per cent in September, easily beating the previous benchmark as the energy transition continues apace.

The post Australia’s accelerating energy transition: Renewables leap to 35.4 pct in September appeared first on RenewEconomy.

Rooftop solar sets new record output on Australia’s electricity grid, easily beating the previous record as household installations continue to surge.

The post Rooftop solar PV smashes generation record on main grid appeared first on RenewEconomy.

Matt Kean will manage Treasury alongside his existing portfolios, for the time being, but a ministerial shake-up is still in the works.

The post Kean to retain energy for time being, as solar farm critic elected Nationals boss appeared first on RenewEconomy.

EPA Victoria issues Envirostream Australia with 99-year operating licence for battery recycling.

The post EPA Victoria gives Envirostream licence to recycle batteries appeared first on RenewEconomy.

China's dependence on expensive domestic coal power presents huge opportunities for Australia, if it stays the course on switch to lower cost renewables.

The post China has stuffed up its economy, and now the world will pay the price appeared first on RenewEconomy.

Cyclists in Melbourne are less likely than those in Dublin or Seville to ride in the rain. Understanding why is crucial. Richard Bean, Research Fellow, The University of Queensland Dorina Pojani, Senior Lecturer in Urban Planning, The University of Queensland Jonathan Corcoran, Professor, School of Earth and Environmental Sciences, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

Researchers at the University of Queensland say nanomaterials could be key to lower cost and easy to manufacture next generation perovskite solar cells.

The post Australian researchers unlock key to lower cost and longer lasting solar cells appeared first on RenewEconomy.

If the Morrison government does want to show it takes climate policy seriously, it must set a credible 2030 target.

The post 5 reasons why Morrison government needs a net-zero target, not just a flimsy plan appeared first on RenewEconomy.

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