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The firm had said in May it would no longer accept the cryptocurrency over environmental concerns.

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

Massive increase in deployment of wind, solar and battery storage needed over coming decade if world to meet net zero targets.

The post Massive rollout of wind, solar and batteries needed for net zero, says BNEF appeared first on RenewEconomy.

California Low Carbon Fuel Standard (LCFS) credit values lifted off recent lows this week, though market participants reported large offers were backing up in light of the uptick.

More than ten offshore wind farms are currently proposed for Australia. If built, their combined capacity would be greater than all coal-fired power plants in the nation. Sven Teske, Research Director, Institute for Sustainable Futures, University of Technology Sydney Chris Briggs, Research Principal, Institute for Sustainable Futures, University of Technology Sydney Mark Hemer, Principal Research Scientist, Oceans and Atmosphere, CSIRO Philip Marsh, Post doctoral researcher, University of Tasmania Rusty Langdon, Research Consultant, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.

My new research shows Australia has spent more subsidising fossil fuel research indirectly via research and development tax credits than directly via grants. Will McDowall, Associate Professor, UCL Institute for Sustainable Resources, UCL Licensed as Creative Commons – attribution, no derivatives.

WA wants its share in global green hydrogen market to be on par with its share in LNG exports today. But there are shades of blue to the plans.

The post WA targets 12% of global renewable hydrogen export market by 2030 appeared first on RenewEconomy.

Hunter and Latrobe valleys considered particularly suitable sites as union says industry could offer oil and gas workers a career transition

Australia has the potential to develop a substantial offshore wind energy industry from scratch, with abundant resources available near existing electricity substations across the continent, according to a new report.

The Blue Economy Cooperative Research Centre said Australia was yet to capitalise on significant offshore wind capacity despite the International Energy Agency nominating it as one of the “big three” likely sources of renewable energy globally alongside solar and onshore wind.

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The 13m-long, 20-tonne Nauka laboratory is finally going into orbit after a delay of 14 years.

Natural England biodiversity metric will let valuable wildlife habitat be logged as ‘degraded’ land and penalise rewilding, warn ecologists

The government’s new metric for biodiversity will have to be urgently improved if it is going to be fit for purpose, academics and conservationists have warned.

The biodiversity net gain (BNG) metric, published by Natural England in July, outlines how new roads, houses and other building projects must achieve no net loss of biodiversity, or achieve a 10% net gain elsewhere if nature is damaged on site.

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A wildfire in Washington state has lit up portions of a forestry offset project that has generated the second most credits to date under California’s WCI-linked cap-and-trade programme, according to data and sources.

Swedish utility Vattenfall’s EU ETS-covered power output fell nearly 2% year-on-year in H1, despite a near 3% increase in the company's overall generation, the company said in its quarterly results on Tuesday.

Australia’s Woodside and a quartet of Japanese companies are exploring the possibility of using Australian natural gas to produce ammonia for the Japanese market, with associated CO2 emissions to be offset from CCS or bio-sequestration projects.

Despite having some of the world's best offshore wind resources, Australia is letting an untapped abundance of clean energy go to waste, new research says.

The post Australia has massive offshore wind opportunity, if only government would get out of the way appeared first on RenewEconomy.

EUA prices edged up on Wednesday, giving back earlier gains amid moderately firmer energy and equities and following an improved auction result.

WA told its recent whole of system energy plan needs to be revised to focus on best opportunities for wind, solar and battery storage.

The post WA told to produce better plan for wind, solar and storage in net zero target appeared first on RenewEconomy.

Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.

Oil and gas firm Sinopec on Wednesday bought 100,000 CO2 permits from industrial conglomerate China Resources Holdings in the first off-screen block trade since China's national emissions trading market launched last week.

Slow-moving storms such as recent deluge in Germany could become 14 times more frequent by 2100

Catastrophic floods such as those that struck Europe recently could become much more frequent as a result of global heating, researchers say.

High-resolution computer models suggest that slow-moving storms could become 14 times more common over land by the end of the century in a worst-case scenario. The slower a storm moves, the more rain it dumps on a small area and the greater the risk of serious flooding.

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Japan will double the share of renewables in its energy mix by 2030 and make large cuts in LNG and coal consumption, according to a proposal released by the nation’s industry ministry Wednesday.