The Bank of England Has a Coal Problem

The Bank of England Has a Coal Problem

But while the U.K. government has aligned national policy to phase out coal use, its very own central bank, which has been the world’s most vocal financial champion of limiting the risk from climate change, is conspicuously absent in that effort.

Most of world’s coal power stations must close by 2030 to meet Paris target

Most of world’s coal power stations must close by 2030 to meet Paris target

The research – led by a team from the Center for Global Sustainability based at the University of Maryland – found that to meet the Paris 2°C target, the global coal generation fleet would need to close when plants reach an operating age of 35 years, which contrasts to the Australian government assumption that all coal generators will last 50 years, if not more.

The fuel of the future

The fuel of the future

It yoked together greens, who thought wood was carbon-neutral; utilities, which saw co-firing as a cheap way of saving their coal plants; and governments, which saw wood as the only way to meet their renewable-energy targets.

Victoria bill to lock in 50% renewable target passes through upper house

Victoria bill to lock in 50% renewable target passes through upper house

Friends of the Earth say the litmus test for the Andrews government will be whether it will set science-based targets that keep warming well below 1.5°C.“The increased renewable energy target shows the Andrews government has a plan to cut emissions in the electricity sector in a way that creates climate jobs,” said Act on Climate spokesperson Anna Langford.

California Governor Calls for Customer Rebates in Wake of PG&E Blackouts

California Governor Calls for Customer Rebates in Wake of PG&E Blackouts

Newsom cited multiple breakdowns in PG&E’s communications during last week’s event, including the crash of its website, meant to provide up-to-date outage information to customers and government agencies alike.

NSW energy minister says renewables and storage will replace old coal generators

NSW energy minister says renewables and storage will replace old coal generators

Image Credit: AAP Image/Peter Rae. The NSW energy minister Matt Kean has urged Australia’s investment community to support new energy projects and drive the energy transition in the state, and predicts that renewables, coupled with storage or fast-start gas generators, will replace the state’s ageing coal plants.“Here in New South Wales, we have a government that is pro-business and pro-investment,” Kean told the Investor Group on Climate Change (IGCC) summit in Sydney on Monday.

Equinor sanctions £441m floating wind project

Equinor sanctions £441m floating wind project

Equinor made a final decision to invest in floating wind turbines to power offshore oil platforms off Norway after the government agreed to subsidize a large part of the cost.

Corbyn claims Labour Government would build 37 wind farms, create 67k jobs

Corbyn claims Labour Government would build 37 wind farms, create 67k jobs

Labour’s 10-year plan for a “green industrial revolution” will also bring regeneration funds to coastal towns, the party leader said.The funds, estimated at between £600 million and £1 billion per year, will be spent on projects decided by the communities.

US Energy Secretary Rick Perry Says He’s Not Resigning

US Energy Secretary Rick Perry Says He’s Not Resigning

Energy Secretary Rick Perry on Monday contradicted news reports of his impending resignation from last week, and disputed new reports of his involvement in Trump administration activities with Ukrainian government officials at the heart of the impeachment inquiry into President Donald Trump.

Hydrogen Mobility Australia relaunched as Australian Hydrogen Council

Hydrogen Mobility Australia relaunched as Australian Hydrogen Council

Dr Fiona Simon, Chief Executive Officer, Australian Hydrogen Council said the name change represents an exciting milestone for the organisation as momentum for hydrogen builds across both mobility and energy applications.“There are many hydrogen initiatives already underway across the nation, with research and investment expected to continue following the release of the Australian Government’s National Hydrogen Strategy, which will provide a clear framework for the future.

Macquarie announces major 20GW clean energy drive

Macquarie announces major 20GW clean energy drive

Macquarie Group intends to build a 20GW renewables pipeline over the next five years through its Green Investment Group (GIG), the green finance bank it purchased from the British government in 2017.

Forth & Tay Offshore steering group looks to attract more wind investments

Forth & Tay Offshore steering group looks to attract more wind investments

Alan Duncan, supply chain engagement lead for EDF, which is behind the Neart Na Gaoithe wind farm project on the Firth of Forth, said the low prices the Government will pay for energy produced for the next round of offshore wind projects meant the sector was now effectively subsidy free.

Poll: Extreme weather spurs demand for climate action

Poll: Extreme weather spurs demand for climate action

From hurricanes to melting ice in Greenland, the large majority of Canadians believe that these situations are linked to human- and industrial-caused climate change, and it’s causing them to expect more policy action from governments.

Equinor and SSE get go-ahead for huge Southern North Sea wind farm

Equinor and SSE get go-ahead for huge Southern North Sea wind farm

Norwegian energy giant Equinor has announced that its joint bid with SSE Renewables to develop a huge 3.6 gigawatt (GW) offshore wind project in the Southern North Sea. The Dogger Bank Offshore Wind Farm was today successful in its UK Contracts for Difference (CfD) auction to win a UK Government contract.

Fate of huge Scottish wind projects decided by UK Government today

Fate of huge Scottish wind projects decided by UK Government today

The UK Government will inform a number of huge wind farm projects planned in the Scottish North Sea whether their bid for a Contracts for Difference (CfD) has been successful.

Behind closed doors: Australia pushes reputation as world’s leading fossil fuel dealer

Behind closed doors: Australia pushes reputation as world’s leading fossil fuel dealer

Australian Prime Minister Scott Morrison has opted to spend his time with US President Donald Trump to take a tour of a box factory owned by a Liberal Party donor, instead of attending the UN climate leaders summit in New York – not surprising as new documents reveal the extent to which the Australian government has openly embraced its position as the world’s dealer of fossil fuels.

Moray West director vows ‘we will build this project’ after CfD disappointment

Moray West director vows ‘we will build this project’ after CfD disappointment

The 90-turbine Moray West Offshore Wind Farm was informed early yesterday by the UK Government that it had not met the desired “strike price” to sell energy to the National Grid.One Scottish offshore wind insider yesterday called the result for Moray West and Viking Energy “a major blow” for the Highlands and Grampian region.

How the ACT’s 100% renewable electricity target is saving households cash

How the ACT’s 100% renewable electricity target is saving households cash

For the first three months of this year, the ACT government has been able to save Canberra households money through the contracts it has in place with renewable energy projects.

Consultant sought to help launch renewable energy auctions in Kosovo*

Consultant sought to help launch renewable energy auctions in Kosovo*

The European Bank for Reconstruction and Development (EBRD) has invited expressions of interest in providing it with consultancy services in order support the Government of Kosovo* in developing and implementing a competitive scheme for the award of future support to renewable energy generators.

New windfarms will not cost billpayers after subsidies hit record low

New windfarms will not cost billpayers after subsidies hit record low

The UK’s next wave of offshore windfarms will generate clean electricity at no extra cost to consumers after record low-subsidy deals fell below the market price for the first time.New offshore wind projects will power millions of British homes under “zero-subsidy” support contracts within the next four years, following a record-breaking government subsidy auction.

Scot Gov launches £1m floating wind funding pot

Scot Gov launches £1m floating wind funding pot

Scotland’s Energy Minister Paul Wheelhouse said: “I am delighted to announce the £1m Floating Wind Technology Acceleration Competition that Scottish Government are partnering with the Carbon Trust to deliver.

Is this Australia’s first utility to acknowledge death by solar?

Is this Australia’s first utility to acknowledge death by solar?

The electricity generation company owned by the Northern Territory government says it faces an “existential risk” from the rise of solar power, possibly becoming the first energy utility to openly recognise that the growth of cheaper renewables could spell the end of its traditional fossil fuel business.

UK Government net zero plan ‘negligent at best, vindictive at worst’, union boss claims

UK Government net zero plan ‘negligent at best, vindictive at worst’, union boss claims

GMB general secretary Tim Roache told the Trades Union Congress (TUC) yesterday that, despite a government call for a move to a cleaner economy, many jobs had “passed the UK” by.

Government must not change VAT on solar panels, campaigners urge

Government must not change VAT on solar panels, campaigners urge

One of the UK’s largest renewable energy suppliers has written to the Chancellor to warn that plans to change VAT from 5% to 20% for families buying solar panels and renewable technology could harm the country’s push for a net zero carbon economy by 2050.

Outlook for energy has ‘peak oil’ in the 2020s

Outlook for energy has ‘peak oil’ in the 2020s

To do this they will need carbon capture and storage (CCS) – the only currently-available technology to deeply decarbonise hydrocarbon use – to be employed at scale but, at present, this will not be achieved until the 2040s unless governments develop and enact more definitive policies on its use, according to the Energy Transition Outlook.

Spending review does not give renewable workers ‘clarity’ on future of sector, trade body boss says

Spending review does not give renewable workers ‘clarity’ on future of sector, trade body boss says

She said: “Scotland’s renewable energy sector can help to power Britain’s infrastructure and deliver on the government’s commitment to achieving net zero emissions.“The Chancellor said that ‘the challenge of decarbonisation is real’, but pledged just £30 million extra for projects aimed at achieving the Government’s net zero target.

ClearVue confirms c.$602,000 R&D Tax Credit

ClearVue confirms c.$602,000 R&D Tax Credit

6 September 2019: Smart building materials company ClearVue Technologies Limited (ASX:CPV) (“ClearVue” or“the Company”) is pleased to announce that it has received an R&D tax credit from the Australian Tax Office ofAUD $602,353 – the payment being made pursuant to the Commonwealth Government Research & Development Tax Incentive Program.

Angry residents send German wind industry spinning

Angry residents send German wind industry spinning

Market players said the tipping point came in 2016 when Germany amended its Renewable Energy Act. After almost two decades of providing subsidies to prop up the nascent sector, Chancellor Angela Merkel's government decided that the industry was now sufficiently mature and began withdrawing support.

Canberra to host distributed energy test lab, to fast-track a smarter grid

Canberra to host distributed energy test lab, to fast-track a smarter grid

ITP Renewables in conjunction with the Australian National University (ANU), UNSW Canberra, Evoenergy and the ACT government have announced the construction of a new lab to facilitate rapid prototyping and testing of different combinations of new control, monitoring and communication systems for use with distributed energy and storage solutions, at the ANU’s Acton campus in Canberra.

Scottish Government warns North Sea that support is ‘conditional’ on energy transition

Scottish Government warns North Sea that support is ‘conditional’ on energy transition

And Ms Sturgeon issued a warning to the North Sea oil and gas sector, saying her government’s ongoing support was now “conditional” on the industry helping to slash emissions.