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Spring on the grid demonstrates that if you have enough renewables, the low variable costs will lead to low average prices. The challenge is to get the capacity built.

The post Spring shows how more wind and solar leads to low prices – once built appeared first on RenewEconomy.

New research has redefined scientists’ understanding of global carbon sinks, revealing that boreal and temperate forests are now the leading contributors to the capture of atmospheric CO2, while challenging existing findings on absorption by tropical forests.

For Australia’s saltwater people, the migration routes of humpback whales represents an important songline Jack Pascoe, Research fellow, The University of Melbourne Anthony McKnight, Senior Lecturer, University of Wollongong Teagan Goolmeer, PhD Candidate, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Washington state’s shifting of cap-and-trade reserve sale sizes this year has made it difficult to participate in the market, and the resulting instability poses a threat to the jurisdiction’s desire to link with the broader California-Quebec carbon market, traders said Monday.

A Swiss climate-tech firm has announced the opening of its first commercial site for permanent CO2 storage in the EU, located in Berlin.

WA - host to the world's biggest standalone grid - has ushered in major reforms to its Wholesale Electricity Market to pave the way for more renewables, battery storage and demand management.

The post World’s biggest standalone grid reforms market to pave way for more renewables appeared first on RenewEconomy.

The Washington state Clean Fuel Standard (CFS) saw a surplus of units largely generated from ethanol in the programme's inaugural quarterly credit generation figures, according to government data published Friday.

RGGI Allowance (RGA) prices retreated after a surge that saw record-high values surpass the Cost Containment Reserve (CCR) trigger price in response to the latest Third Program Review meeting, as participants indicated that the market was stabilising after the unwarranted soar on Tuesday.

EU commissioner-designate for climate action Wopke Hoekstra on Monday he will act in line with scientific advice on the bloc's climate targets for 2040, while professing his love for the bloc's carbon market.

Rapid attribution study finds storm 10-20% wetter after city experienced a month’s worth of rain in just a few hours on Friday

The unmistakable influence of the climate crisis helped cause New York City to be inundated by a month’s worth of rain within just a few hours on Friday, scientists have warned, amid concerns over how well the city is prepared for severe climate shocks.

A new rapid attribution study, released by scientists in Europe, has found that the type of storm seen on Friday is now 10-20% wetter than it would have been in the previous century, because of climate change.

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Many people are asking if Australian authorities are ready for the fire season. The real question to ask is – are we ready as individuals? Graham Dwyer, Course Director, Centre for Social Impact, Swinburne University of Technology, Swinburne University of Technology Licensed as Creative Commons – attribution, no derivatives.

Bulgaria’s government has submitted plans to the EU detailing how it will help coal-reliant regions phase out the fuel, aiming to run the country’s coal-fired power units until 2038 without setting dates for when each plant will be retired.

Policymakers around the world must work together to tackle climate change by setting minimum carbon prices as well as removing trade barriers, avoiding subsidy races, and finding ways to “crowd-in” private financing, the International Monetary Fund said on Monday.

Nearby nature-based carbon credit futures tumbled over the past week to create backwardation between the spot and the December future, as much of the rest of the market was little changed despite relatively strong volumes.

Power generation covered by the EU ETS fell by more than one-fifth over the first nine months of 2023, compared to the same period last year, according to data collated by a research organisation, with weak demand and rising low-carbon output crushing fossil fuel burn.

Rightwing thinktank Civitas mistakenly cost onshore wind power 10,000 times higher than reality and claimed bill would be £4.5tn

A report that hugely overestimated the cost to the UK of reaching net zero emissions has been retracted by the rightwing thinktank that published it.

The Civitas pamphlet published on Thursday claimed to offer a “realistic” estimate of the cost – £4.5tn – and said “the government needs to be honest with the British people”. However, factual errors were quickly pointed out after publication.

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A San Francisco-based direct air capture (DAC) company on Monday revealed its principles for "high-road" CO2 removal (CDR), which include barring the use of fossil fuel revenues and raising barriers for energy industry involvement.

The largest bank in the UAE has signed two strategic partnerships for the supply of "high-quality" carbon credits in a further step to becoming the UAE’s carbon trading hub.

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UK energy minister Claire Coutinho announced Monday a shortlist of companies selected to build small-scale nuclear reactors in the country, alongside measures to boost rooftop solar expansion and energy efficiency investment, as she emphasised energy security and job creation in a speech to her party.