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Business

Push for EU 2030 target for renewable energy

EU.

8:14am Ministers from Germany, France and six other countries call for the European Union to set a 2030 goal for renewable energy use, in opposition to their British counterpart who advocates a sole greenhouse gas emissions target.

Canada's Harper remains confident Keystone XL pipeline will be built

canada

8:18am Canadian Prime Minister Stephen Harper hopeful the Keystone XL pipeline will eventually be built even as President Barack Obama delays making a decision on the $US5.4 billion project.

EU's rescue plan for carbon market likely to start by April

carbon_thumb

8:19am The European Union's emergency plan to help boost carbon prices may get all necessary regulatory approvals as soon as next month and start around April, according to two people with knowledge of the matter.

China reaffirms support for solar PV industry

Solar panels.

China pledges further support support for its ailing solar power industry as the government seeks to revive a sector struggling with with overcapacity and falling prices.

China to assign credit ratings based on environmental performance

China and pollution.

China, the world's biggest emitter of greenhouse gases, will assign credit ratings to companies in industries with heavy pollution or overcapacity based on their efforts to protect the environment.

Japan to tap smart meters, fuel cells to tackle climate change

A woman wearing a kimono holds an umbrella as she walks down a shopping district in Tokyo.

Japan plans smart meters in every residence and factory by the early 2020s and 5.3 million fuel cells in homes by 2030 to tackle climate change, according to a report to be submitted to the United Nations.

China launches fifth carbon market

China

The Chinese city of Tianjin has launched the country's fifth emissions trading scheme as the world's biggest-emitting nation took another step towards reining in its impact on the environment.

Government approves Clive Palmer's coalmine in Queensland

Clive Palmer

PETER HANNAM Christmas has come early for mining billionaire and newly minted MP Clive Palmer, with the federal government approving his monster China First coalmine in Queensland's Galilee Basin.

Carbon

Busy first day for China's biggest carbon market

china

The first day's trading in what will be by far the largest carbon market in China kicked off briskly yesterday with pricing in line with expectations, as Beijing continues its drive to slow its rapid growth of heat-trapping emissions.

Santos faces fines for Pilliga coal seam gas salt spill

Pilliga Forest

Gas giant Santos' NSW branch could be slapped with hundreds of thousands of dollars in fines after it admitted to failing to report contamination and excessive salt levels at a drilling site in the state's northwest.

Energy

Coal 'prime culprit' behind climate change but can we live without it?

Abbot Point Coal Terminal, near Bowden.

John Kemp "There is no denying the controversial reality of coal," Maria van der Hoeven, head of the International Energy Agency (IEA), wrote in its annual report on the coal industry, published on Monday.

Energy

UK to open region as big as Wales for shale exploration

Shale gas

The U.K. government is ready to open an area the size of Wales for shale drilling next year, doubling the space available for exploration.

Australian government cuts billions of dollars from social programs

indigenous flag

Gareth Hutchens, Peter Hannam The federal government has cut billions of dollars from programs ranging from the environment to health and indigenous legal aid.

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Protestors vow to save 'beautiful forest' from Whitehaven coal mine

Coal worker.

Opponents of a northwest NSW coal mine vow to continue protesting, after human barricades stopped tree-clearing bulldozers entering the site.

Energy

Germany shifts priority to economy ahead of renewables

Brandenburg Gate

Chancellor Angela Merkel’s new cabinet sends a message on her priorities: Nurturing Germany’s economy takes precedence over the drive to renewables.

Markets

EU passes law to mop up carbon permit glut

European Union

The European Union adopts an emergency law change to alleviate a record glut of emission permits in the region’s carbon market and help prices recover from near all-time lows.

Uncertainty limits take-up of carbon farming credits

FARMING

Australia this week surpassed 3 million credits issued under its carbon offset scheme for agriculture, forestry and waste, but uptake of new projects is low with regulatory uncertainty weighing heavily on project developers, experts say.

Suntech deal probe may delay restructuring of former solar PV giant

solar Suntech

China's Suntech Power said its restructuring manager would investigate the planned sale of its main unit to Shunfeng Photovoltaic International for legal infractions - a move sources say could delay the $US495 million deal.

China's Guangdong province to debut carbon market with highest price

China and pollution.

China's southern province of Guangdong will start auctioning 3 million metric tons of carbon permits on Dec. 16 with the highest debut price in the nation.

UK plan to halve carbon emissions affordable, adviser says

London bus

The U.K.'s ambition to cut carbon emissions by half is affordable and mustn't be watered down, the government's adviser on global warming said.

China tells grids to purchase all solar power in boost to PV industry

x

China’s government asks power grid companies to buy all the solar energy produced in their coverage areas, providing a possible boost to solar panel makers.

Obama names Keystone XL opponent John Podesta to inner circle

US President Barack Obama speaking about the attack from the White House. (Photo: Reuters / Kevin Lamarque)

John Podesta’s return to the White House places an opponent of the Keystone XL pipeline within US President Barack Obama’s inner circle as the administration weighs whether to approve the project.

Markets

EU approves rescue plan for carbon market

European Union

The European Union approves a rescue plan for the world’s biggest greenhouse-gas market, ending more than a year of political squabbling during which prices slumped to a record low.

Senate vote gives Clean Energy Finance Corp a reprieve

Wind

The Senate has rejected the first of the government's carbon tax repeal bills with Labor and the Greens combining to vote it down.

China unprepared for climate change impacts, government says

Dozens dead in China flooding (Thumbnail)

China is poorly prepared to tackle the impact of climate change that presents a serious threat to the country, thanks to a lack of planning and public awareness, the government said.

Indigenous burning among ancient practices being studied to save eco-systems

fire

Ancient farming practices, such as raising fish in rice paddies in China or indigenous Australian fire controls, will get a new lease of life under plans to slow extinctions of animals and plants, experts said.

Hydrogen short-cut may prove route to cleaner fuel

Hydrogen

Scientists have produced hydrogen by accelerating a natural process found in rocks deep below the Earth's surface, a short-cut that may herald the wider use of what is a clean fuel, a study showed.

Policy

Abbott's direct action fund may waste $2 billion, analyst says

Tony Abbott

Australia risks wasting up to $2 billion of its planned Emissions Reduction Fund if it goes ahead with moves to give big polluters carbon credits based on historical efficiency levels, analysts Reputex said.

Energy

Xstrata bets on thermal coal's future as BHP, Rio scale back

Coal truck.

Ivan Glasenberg, the billionaire running commodities supplier Glencore Xstrata Plc, is investing more in thermal coal than his three closest competitors combined even as investors warn the fuel's outlook is deteriorating.

Energy

Oil giants brace for much higher carbon emissions price

oil rig

International oil producers are bracing for carbon emission costs to soar to almost 10 times current prices in Europe, the world's largest greenhouse gas market, as governments around the world escalate efforts to curb climate change.

Europe likely to extend aviation emissions freeze to 2020

Northwest Airlines

Europe may decide in the next five months to extend a freeze on emissions limits for foreign flights to as long as 2020, a European Union adviser said.

Storm lifts Germany's renewable energy share above 2020 goal - for a day

Wind farm.

Record output from wind farms lifted Germany's share of renewable electricity production above its 2020 target of 35 percent on Thursday as a storm from Scandinavia battered the nation's northern coast.

Energy

US solar giant rolls out battery systems to customers

solar

SolarCity, the second-largest U.S. solar company by market value, is offering power-storage systems to commercial customers that will reduce utility bills and provide electricity during blackouts.

Arthur Sinodinos denies offering to reconsider scrapping the Clean Energy Finance Corporation

Wind farm

Jonathan Swan, Marija Taflaga Assistant Treasurer Arthur Sinodinos has backed away from his suggestion that he would reconsider the government’s decision to shut down Labor’s Clean Energy Finance Corporation.

Green climate fund hopes for a change in fortunes

Globe

The Green Climate Fund, designed as the United Nations' most important funding body in the battle on climate change in developing nations, launched its headquarters in South Korea, but uncertainty over finances clouded the event.

Investment

China doubles pace of new renewable energy

A worker cleans solar panels.

China doubled the pace of adding renewable energy capacity in the first 10 months of the year as the government worked to cut pollution in its largest cities.

UK to invest $73b in renewable energy by 2020

London

The U.K. government said it expects 40 billion pounds ($73 billion) of investment in renewables by 2020 after shifting incentives toward offshore wind power and away from projects on land in areas where residents object.

Carbon economy

Renewables surge before possible carbon tax demise

Snowy Hydro.

PETER HANNAM A rush to take advantage of the carbon price has allowed renewable energy to grab its largest share of eastern Australia's main electricity market since the 1970s.

Smart power consumers becoming 'worst nightmare' for electricity firms

Electricity.

Andrew Greenfield checks his home's solar power output against consumption through his computer and mobile phone dozens of times each day - no wonder utilities don't like him.

Beijing launches China's third carbon-trading centre

China smog

Beijing becomes the third Chinese city to launch a carbon trading scheme to regulate soaring CO2 emissions from its main power generators and manufacturers.

How China's carbon markets work

china

China's most populous province, Guangdong, will launch a CO2 emissions trading scheme in mid-December, hot on the heels of Shanghai and Beijing this week. A market in Shenzhen was launched in June.

Shanghai starts carbon emissions trading

Shanghai

The first carbon permits in Shanghai traded at 27 yuan ($4.9) on Tuesday, as the financial hub launched China's second such trading scheme in a bid to cut its fast-growing greenhouse gas emissions.

Harvard fracking study rings methane alarm bells in Australia

Rick Wilkinson.

PETER HANNAM Australia's coal seam gas industry has rejected a peer-reviewed report that suggests greenhouse gas emissions from drilling and fracking are 50 per cent worse than thought.

Methane emissions from gas far exceed estimates, US study finds

Natural gas.

US emissions of methane - a greenhouse gas - are probably 50 per cent higher than current estimates show, according to a study published today in the Proceedings of the National Academy of Science.

Finance

Culling 'giant green hedge fund' will hit Abbott budget, body says

Cows stand near the wind turbines operating on Capital Wind Farm in Bungendore.

PETER HANNAM Scrapping the $10 billion Clean Energy Finance Corp will strip between $110 million and $171 million a year from the federal budget rather than save the government money, the fund will tell a Senate inquiry today.

Markets

China extends carbon trading to Beijing and Shanghai

China and pollution.

China will launch two new pilot carbon trading schemes this week in Beijing and Shanghai as it strives to cut soaring rates of greenhouse gas, reduce choking smog and determine the best system for a nationwide roll-out.

Parliament's mid-winter sitting hints at carbon tax repeal wait

Christopher Pyne

Federal MPs will be required for a rare mid-winter sitting of Parliament in July in a sign the government might wait for the new Senate to pass its carbon tax repeal bills.

Climate talks limp towards Paris pact

Stress   980928  Picture by Craig Abraham  Sunday Life   Picture shows a hand squeezing a stress ball shaped like a globe of the world.
S

Almost 200 countries kept alive hopes for a global deal in 2015 to fight climate change after overcoming disputes on greenhouse gas emissions cuts and aid for poor nations at a meeting widely criticised as lacking urgency.

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Climate talks in Warsaw make progress

Globe

Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions.

Energy

Solar jobs go as uncertainty clouds PV outlook

Echuca is Victoria's top solar power postcode.

PETER HANNAM Thousands of jobs have been shed this year in Australia's solar photovoltaic industry as the rollback of state-based incentives dims the appeal of roof-top panels.

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