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The mining tycoon says his iron ore business will stop using fossil fuels by the end of the decade without carbon offsets or carbon capture and storage

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About $45 trillion of global business revenue is covered by corporate “net zero emissions” pledges but iron ore billionaire Andrew “Twiggy” Forrest thinks the whole net zero thing is “fantasy”.

“Now is the time to walk away from net zero 2050, that hasn’t been anything really but a con to maintain fossil fuels,” Forrest said last week.

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Emissions from 20 methane leak hotspots could be twice the official number, according to a Canberra-based think tank that has examined the sites using a new satellite measuring tool offering granularity past the self reporting required of emitters under Australian law.

Global energy-related emissions will likely peak in 2024 and start a sustained decline for the first time since the industrial revolution, a new report has revealed.

European carbon allowances rebounded on Wednesday as they looked to snap three consecutive loss-making sessions, eyeing key technical levels to the upside even as TTF gas prices continued to correct lower, while investment funds raised their net short position to the highest level since March.

Energy Consumers Australia CEO Brendan French on why cost-reflective electricity tariffs should not be mandatory – and should not make energy bills more complicated.

The post SwitchedOn Podcast: How time-of-use tariffs could become a recipe for bill shock appeared first on RenewEconomy.

Almost all the UK’s ecosystem assets are at high or medium-high risk, requiring public and private investment, the government’s nature department said in a report published on Wednesday.

Realism, ratings, and relationships are the key ingredients to attract investment in the voluntary carbon market, the buyer of cookstove credits at $35 per tonne told Carbon Pulse this week.

Voluntary carbon market experts Climate Impact Partners and Deloitte launched on Wednesday a programme to unlock financing towards seagrass recovery in the UK, as part of a wider seagrass carbon code currently under development in the country.

India has great potential to be a leader in the global supply of carbon removals credits, but the country is also facing a total lack of domestic demand for such credits, a carbon removals accelerator told Carbon Pulse on the sidelines of a carbon summit this week.

Renewable energy growth will be swift and large but still fall short of the commitment made at COP28 to triple penetration by the end of the decade even as it outpaces nations’ current ambitions, the International Energy Agency (IEA) said Wednesday in a renewables report.

The announcement was made by the Royal Swedish Academy of Sciences in Sweden.

Shanghai has introduced a voluntary methodology for salt marsh restoration to create carbon credits under a regional offsetting programme.

Government criticised over list of potential countries for sourcing biomass, which also includes Afghanistan

A plan by the British government to burn biomass imported from countries including North Korea and Afghanistan has been described as “bonkers”, with critics saying it undermines the credibility of the UK’s climate strategy.

A bioenergy resource model, published in late summer, calculates that only a big expansion in the import of energy crops and wood from a surprising list of nations would satisfy the UK’s plan to meet net zero.

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Australia is finalising an updated battle strategy for its war on feral cats, one of the biggest drivers of native mammal extinctions on the continent, but experts say how the plan is implemented and the funding behind it will be the key to victory.

Australia's growing fleet of big battery projects are rapidly shifting their main revenue source from frequency control to arbitrage. Here's why.

The post Australia’s big battery fleet now making more money from arbitrage than frequency control appeared first on RenewEconomy.

Analysis shows Gulf’s heat that worsened Helene 200-500 times more likely because of human-caused global heating

As Hurricane Milton bears down on Florida, fueled by a record-hot Gulf of Mexico, a new analysis has shown how the Gulf’s heat that worsened last month’s Hurricane Helene was 200 to 500 times more likely because of human-caused global heating.

Helene, one of the deadliest storms in US history, gathered pace over the Gulf before crashing ashore with 140mph winds.

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Selected from a record-breaking 59,228 entries from 117 countries and territories, the winners of the Natural History Museum’s prestigious wildlife photographer of the year competition have been announced, with an exhibition opening on Friday 11 October. The Canadian marine conservation photojournalist Shane Gross was awarded wildlife photographer of the year 2024 for his image of tadpoles, The Swarm of Life, captured while snorkelling through lily pads in Cedar Lake on Vancouver Island, British Columbia

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IEA says faster clean energy rollout being led by solar power in China with country set to boast half of world’s renewables by 2030

China is expected to account for almost 60% of all renewable energy capacity installed worldwide between now and 2030, according to the International Energy Agency.

The IEA’s highly influential renewable energy report found that over the next six years renewable energy projects will roll out at three times the pace of the previous six years, led by the clean energy programmes of China and India.

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Plans to build a nearly 500MW wind farm in central-western New South Wales have been withdrawn, due to "changing economic and planning requirements."

The post “Not viable:” Huge NSW wind project withdrawn over planning and economic concerns appeared first on RenewEconomy.