Biomethane only set to grow, but policy and better prices needed -consultancy
Biomethane could seriously help decarbonise energy and the world’s gas supply, given it is considered a low-carbon source on a net lifecycle basis, but policy, incentives, and pricing need to improve, an energy consultancy said this week.
Read MoreAustralian CCS project set to start earning ACCUs
Australia’s second-largest carbon capture and storage (CCS) project has started up in the remote desert of the Cooper Basin and is set to earn 250,000 Australian Carbon Credit Units (ACCUs) by the end of the year.
Read MoreElectricity demand set to rise, but renewable installation must keep pace, flagship IEA report warns
Low-emissions technology, both new renewables and recently resurgent nuclear, will generate half the world’s power demand by 2030, yet without investment in electricity grids in particular, global warming is headed for 2.4C above pre-industrial temperatures by the end of the century, according to the International Energy Agency’s (IEA’s) World Energy Outlook (WEO) on Wednesday.
Read MoreSolomons to design carbon trade policy, plans stakeholder consultation soon
The Pacific nation of the Solomon Islands has launched a carbon trading policy project with help from the Global Green Growth Institute (GGGI) and the New Zealand and Irish governments.
Read MoreCCS capacity ramping up, NDCs may drive further growth, says report
There are now 50 carbon capture and storage (CCS) facilities operating across the world and another 628 in various stages of development, according to a report released Tuesday, with the inclusion of the technology in national UN climate strategies likely to drive further expansion.
Read MoreLNG ship building outpaces gas demand, not compliant even with most conservative climate scenario, report says
The ‘golden age’ of gas and the expanding trade in LNG has led to a glut of carriers being built that is incompatible with even the most conservative climate outlook from the International Energy Agency, a think tank said Monday.
Read MoreSatellite data tool finds methane leaks could be higher than reported in Australia
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.
Read MoreRenewables ramp up beyond policy plans but won’t hit COP28 target, IEA says
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.
Read MoreFEATURE: New Zealand looks to bring back gas, but challenges abound
A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.
Read MoreAustralian climate tech VC firm raises A$100 mln in new round
An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.
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