Category Archives: Renewable energy

Ban government investment in fossil fuels, urges cross-party group of MPs

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UK aid projects ‘actively undermine’ efforts to tackle climate crisis, MPs and campaign groups warn

A cross-party group of MPs, backed by campaign groups, has called for an immediate ban on all investment in fossil fuels and for all UK aid to be “nature positive”.

The 28 MPs, led by Tory Zac Goldsmith and Labour’s Kerry McCarthy, with support from Amnesty International, WWF and other organisations, criticised the UK for “actively undermining” its own investment in tackling the climate emergency by continuing to fund fossil fuels through aid and export finance.

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Australia to achieve 50% renewables by 2030 without government intervention, analysis finds

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RepuTex modelling suggests surge in state schemes and rooftop solar will reduce wholesale prices, making gas- and coal-fired power less competitive

Australia is on track to achieve 50% renewable electricity by 2030 even without new federal energy policies, according to modelling by the energy analysts RepuTex.

The analysis, to be released on Wednesday, suggests that a surge in renewable energy driven by state schemes and rooftop solar installations will reduce wholesale prices from $85 per MWh to $70 over the next three years.

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Josh Frydenberg: low-emissions future is inevitable and a huge opportunity

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Treasurer signals new infrastructure for renewable zones, and says Coalition will pursue climate policy it took to the election

Josh Frydenberg says Australia needs to roll out new infrastructure in the coming term of government to support renewable energy zones, and has declared that the “inevitable” transition to low-emissions sources creates an opportunity for the country.

In his first wide-ranging interview since holding his Victorian seat last weekend, where he was subjected to a concerted campaign from the Greens and the climate-focused independent Oliver Yates, Frydenberg told Guardian Australia the Coalition would implement the $3.5bn climate policy it took to the election rather than pursue a reboot.

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‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

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Experts say even nations that got rich on fossil fuels are seeing the future is green

Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets.

Other national funds built up from oil profits are also thought to be ramping up their investments in renewables. The moves show that countries that got rich on fossil fuels are diversifying their investments and seeking future profits in the clean energy needed to combat climate change. Analysts say the investments are likely to power faster growth of green energy.

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The barefoot engineers of Malawi – in pictures

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Eight women from rural Malawi travelled to India to train as solar engineers. Now they are lighting the way for their communities, in a country where just 10% of households are powered by electricity

Photographs by Peter Caton/VSO

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Australia can meet its Paris targets – if government doesn’t hinder progress

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ANU research suggests net cost of achieving Paris targets is zero because renewables are now cheaper than fossil fuels

New research finds Australia is installing renewable energy faster than any other country, a trend that will allow Australia to meet its economy-wide Paris targets five years ahead of schedule if politics doesn’t derail the trend, according to new research from the Australian National University.

While emissions have been rising across the economy since the Abbott government repealed the carbon price after winning government in 2013, they have been falling in the electricity sector because of the closure of ageing coal plants and the rapid uptake of renewables.

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UK has biggest fossil fuel subsidies in the EU, finds commission

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Subsidies for coal, oil and gas are not falling despite EU pledges to tackle climate change

The UK leads the European Union in giving subsidies to fossil fuels, according to a report from the European commission. It found €12bn (£10.5bn) a year in support for fossil fuels in the UK, significantly more than the €8.3bn spent on renewable energy.

The commission report warned that the total subsidies for coal, oil and gas across the EU remained at the same level as 2008. This is despite both the EU and G20 having long pledged to phase out the subsidies, which hamper the rapid transition to clean energy needed to fight climate change.

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