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If batteries are to prove their worth as the Swiss Army Knife of grid infrastructure, greater innovation, nuance and optimisation must occur.

The post Four things needed to de-risk value stacks of large-scale battery projects appeared first on RenewEconomy.

A collaboration of major global banks announced on Tuesday it had facilitated a carbon offset trade between a corporate client and project developer through a new settlement platform due to be fully operational by the end of the year.

The total cost of Kurri Kurri has blown out to more than $1 billion, it won't have much storage, and it won't use hydrogen.

The post Kurri Kurri gas folly: Cost blowout, limited operation, not hydrogen-ready appeared first on RenewEconomy.

The WMO warns of 50/50 chance that global warming will exceed 1.5 degrees within next five years.

The post There is 50:50 chance global warming will exceed 1.5°C before 2025, WMO says appeared first on RenewEconomy.

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

Campaigners say the aviation industry cannot be relied on to tackle their role in climate change.

Scientists say there's now a strong chance that the world will warm by more than 1.5C by 2026.

Energy Vault says it has begun construction of a "world first" gravity energy storage system next to a wind farm in China.

The post Energy Vault starts work on 100MWh gravity-based storage system in China appeared first on RenewEconomy.

The rapidly declining cost of renewable energy with battery storage, coupled with increasing volatility in gas prices, now reflect that it is cheaper to make the switch from coal to clean sources of electricity than it is to shift from coal to gas-fired power, research released on Tuesday has found.

Analysis says countries can save money by switching from coal straight to renewable energies

Countries should move from coal to renewable energy without shifting to gas as a “transition” fuel to save money, as high gas prices and market volatility have made the fossil fuel an expensive option, analysis has found.

Natural gas has long been touted as a “transition” fuel for economies dependent on coal for their power needs, as it has lower carbon dioxide emissions than coal but requires similar centralised infrastructure, and gas-fired power stations take only a couple of years to build. Earlier this year, before Russia invaded Ukraine, the European Commission angered green campaigners by including gas as a “bridge” to clean energy in its guidebook for green investment.

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US carrier Delta Air Lines will shift much of the focus of achieving its CO2 neutrality goal to solutions other than offsets after spending $137 mln on voluntary emissions reductions for its GHG output last year, the company said in a recent report.

CO2 emissions from California’s electrical grid decreased year-over-year in February and March despite rapidly deteriorating hydro levels across the US West, according to California Independent System Operator (CAISO) data published Monday.

Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges. As a mission-driven non-profit organization, Verra is committed to helping reduce greenhouse gas emissions, improve livelihoods and protect natural resources across the private and public sectors. 

Weak demand for technology-based voluntary emissions reduction (VERs) credits kept prices pointing to the downside over the past week, while nature-based offsets offered relatively greater resilience, moving sideways or to marginal week-on-week gains.

The probability of one of the next five years surpassing the limit is now 50%, up from 20% in 2020

The year the world breaches for the first time the 1.5C global heating limit set by international governments is fast approaching, a new forecast shows.

The probability of one of the next five years surpassing the limit is now 50%, scientists led by the UK Met Office found. As recently as 2015, there was zero chance of this happening in the following five years. But this surged to 20% in 2020 and 40% in 2021. The global average temperature was 1.1C above pre-industrial levels in 2021.

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Vermont Governor Phil Scott (R) on Friday vetoed a bill that would implement a market-based Clean Heat Standard (CHS), though advocates are confident the Democrat-controlled legislature will override his decision as soon as this week.

France’s biggest lime production plant is set to undertake an industry-first carbon capture project for the EU ETS-covered sector after teaming up with a major fuels provider.

Climate change is the most pressing issue of our time – so what have the Coalition and the Labor party actually promised? Five experts grade different aspects of their climate policies. Jake Whitehead, E-Mobility Research Fellow, The University of Queensland Ian Lowe, Emeritus Professor, School of Science, Griffith University Johanna Nalau, Research Fellow, Climate Adaptation, Griffith University Matt McDonald, Associate Professor of International Relations, The University of Queensland Samantha Hepburn, Professor, Deakin Law School, Deakin University Licensed as Creative Commons – attribution, no derivatives.

Senior MEPs have failed to strike an early compromise over how quickly to replace EU ETS free allocation with a carbon border adjustment mechanism (CBAM), with an interim vote likely to favour a more rapid transition even as the European Parliament remains sharply divided. 

A carbon credit ratings agency has assigned ratings to eight more projects, it said in an update on Monday while upholding the ratings of three that had been flagged for review.