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The Latest Breaking News on Renewable energy

The Energy Charter Treaty lets fossil fuel firms sue governments – but its future is now in question

European governments are finally starting to abandon a treaty that could stop them taking much-needed climate action and that protects the interests of fossil fuel companies and investors.

The Conversation

Vietnam boosts coal use plan for 2030 as G7 climate offer stalls

Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations' funding initiatives for cleaner energy.

Reuters

Freeport focused on green energy could create over 16,000 new jobs and £5.5 billion new investment, claims backers

The Celtic Freeport would deliver an accelerated pathway for Wales’ net zero economy says its members

Birmingham Post

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Editorial: Why is it so hard to build in America? Blame red tape

President Joe Biden says the Inflation Reduction Act, which contains some $370 billion in climate spending, represents the most sweeping government investment in clean energy “ever, ever, ever.” To ensure that investment is worthwhile, he’ll need an equally unprecedented overhaul of federal rules and regulations. Congress should make such reforms…

Tribune News Service

Energy companies in Ireland accused of 'outrageous profiteering’ amid cost of living crisis

ESB, the State company and owner of Electric Ireland the largest energy supplier in this country, reported huge gains of €357million for the first half of this year.

Irish Mirror

Firm behind easy-to-install offshore wind turbine joins university energy and low carbon cluster

Renewable energy disruptror OWLC is behind a new type of 'low-risk, low-cost, multi-gigawatt' offshore wind turbine

Birmingham Post

MPs in fresh push for nuclear power plan

A gathering of nuclear energy specialists and engineers has been organised to brief parliamentarians on the future of the sector.

AAP

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GPSC presses on with renewable energy bid

Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, aims to become a renewable energy-driven company by 2030 to help the government fight global warming and better cope with high global energy prices.

Bangkok Post

Gunkul plans to take part in ERC auction

SET-listed Gunkul Engineering, a renewable energy developer and construction firm, has announced its participation in an auction for power generation from renewable resources to be held by the Energy Regulatory Commission (ERC).

Bangkok Post

Whales and wind farms off Newcastle: we need more info on plans

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

BP declines to reveal how much ‘loophole’ saved it in windfall tax

MPs hear concerns that investment in North Sea oil and gas reduces the tax, effectively rewarding fossil fuels over renewables

The Guardian - UK

The market can deliver the green transition — just not fast enough

Policymakers and governments need to work out how to accelerate the process

Financial Times

‘Everyone’s against it’: the powerlines dispute in one of Victoria’s most marginal electorates

Proposed transmission lines to help meet renewable targets are slated to run through Ripon, held by just 15 votes in 2018

The Guardian - AU

Alumina refines credible path to net zero

Clean energy and local expertise could transform alumina refining, which has been one of toughest sectors to crack in decarbonising the Australian economy.

AAP

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Reuters

Analysis-Drops of climate finance start to fill an ocean of need

The biggest deal to date to forge the kind of private-public sector low-carbon collaboration sought at U.N. climate talks promises $20 billion to shut down Indonesian coal-fired power plants - and it's a drop in the ocean.

Insider UK

Japanese corporation opens first office in Scotland

Move follows several partnership investments into Scottish renewables projects

Wales Online

Solar farms in space plan considered to help energy shortages

The European Space Agency is set to approve a study to look at the feasibility of beaming electricity wirelessly from space

Birmingham Post

Plans for Morocco-Devon energy link via 'world's longest' undersea cable put to public

Renewable energy firm Xlinks is proposing to supply the UK’s electricity grid with solar and wind power from the North African country

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AAP

'Be honest' on bill shock from new energy

Origin Energy says the push for clean energy is "out of step" with consumers, warning of bill shock for years from the cost of building new renewable assets.

Bangkok Post

Rate cut sought for green homebuyers

SET-listed developers Sena Development Plc and Sansiri Plc will hold discussions with financial institutions in an effort to reduce the interest rate on mortgage loans for buyers of energy-saving homes, estimated at between 0.5% and 1% in the first year.

The Independent UK

Memo on introducing energy windfall tax to be brought before Irish ministers

It comes after agreement at EU level at the end of September.

Irish Mirror

Government discuss windfall tax on energy companies as Irish households are crippled with sky high bills

Cabinet will discuss the possible tax on Tuesday morning

Bangkok Post

COP27 meet: A case of the glass being half full

As after every climate summit, the air is filled with shouts of rage and despair. What was agreed was unclear and inadequate, and what was left undecided or simply ignored was vast and terrifying. For example, they still haven't managed to agree that the world needs to stop burning fossil…

Tribune News Service

Texas lawmakers, energy experts unsure ‘complicated’ new power grid market would work

AUSTIN, Texas — The agency charged with overhauling Texas’ electricity market has proposed an untested structure in hopes of retaining the free-market system some blame for the blackouts during the 2021 winter storm.

Fortune

One key economic sign shows that inflation in Europe may have already peaked

Industrial producer prices in Germany, a leading indicator of higher costs that are passed on to consumers, swung negative on a month-over-month basis for the first time since May 2020.

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