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Showing 61 - 70 of 636 results for "gas"

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... to mobilise significant amounts of private sector finance to move from the billions to trillions required to cut greenhouse gas emissions and urgently scale up climate resilience both now and into the future."

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... predominantly of fossil fuels at 68% of total electricity generation in 2022, including coal (47% - down from 83% in 2000), gas (19% - up from 18% in 2021) and oil (2%). However, according to data from OpenNEM South Australia averaged 90% wind and solar ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... rewards outweigh the costs. Despite high upfront costs, solar and wind energy are the "cheapest" forms of energy, he said, while gas and coal were more expensive. Storage and transmission expenses, while higher, remain more economical than fossil fuels. ...

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... the court case, the minister "did not dispute" the "very detailed" supporting evidence detailing the impact of greenhouse gas emissions associated with the extraction and burning of coal on anthropogenic climate change, nor the effect of climate change ...

ACCC approves Origin Energy bid on renewable grounds

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 OCT 2023  |  NEWS
... acquisition, Brookfield would acquire Origin's Energy Markets business while MidOcean would acquire Origin's Integrated Gas business including a 27.5% interest in Australia Pacific LNG (APLNG). MidOcean will then on-sell a 2.49% interest in APLNG ...

New EU rules at the border and beyond

ROSE MARY PETRASS  |  TUESDAY, 10 OCT 2023  |  NEWS
... cement, iron, steel, aluminium, fertilisers, electricity, and hydrogen. Importers will need to report on embedded greenhouse gas emissions without paying any financial adjustment at this stage. Importers are asked to collect data for the fourth quarter ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... incentives - that critical mass creates a critical change in thinking about how we're going to pursue abatement? Oil and gas projects, along with coal mines, will deliver around 90% of emissions reductions in the short-term, but EY notes that facilities ...

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Climate fund assets reach half a trillion dollars

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
... grew by 4% in the past 18 months to US$31.7 billion despite the Inflation Reduction Act. This is attributed to high oil and gas prices, as well as falling valuations in renewable energy stocks. European investors favour climate transition funds while ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... systemic, value destruction risks from a volatile, rather than managed decline in carbon energy, particularly in the oil and gas sector. This means more active stewardship is now urgently required by investors over emissions targets, capex plans and ...