The end of the Keystone XL pipeline, solar takes the renewables crown, the G7 backs mandatory climate risk disclosure for companies, Indonesia moves towards renewable energy and NSW sets its sights on complete vehicle electrification. All this and more in the latest good news in climate solutions.
The controversial Canada – US Keystone XL pipeline was officially scrapped after US President Biden revoked a cross-border permit. Brady Dennis and Steven Mufson for the Washington Post.
G7 leaders pledged to end new government support for coal power by the end of 2021. Via SBS News.
In other G7 news, leaders backed the move for mandatory disclosure on companies’ climate impact. Via SBS News.
Investors controlling $41 trillion in assets – holding almost a third of the world’s assets under management – signed a joint statement calling on world leaders to end support for fossil fuels and set strong net zero targets. Jasper Jolly for the Guardian.
Indonesia is aiming for renewables to make up almost half of its 2021-2030 national energy plan. Via Reuters.
Japan is set to launch a new initiative to support ASEAN’s decarbonisation, including setting up a public and private investment and loan facility of $10 billion. Juntaro Arai for Nikkei Asia.
Back home, the soon-to-be retired Liddell coal-power site is being given new life, with a renewable solar-hydro energy plant to be built on the site as an investment in the region. Bridget Murphy for ABC News.
Australia joined the global biodiversity alliance, made up of 60 countries who have agreed to protect at least 30% of the world’s land and 30 per cent of the world’s oceans by 2030. Via Mirage News.
Queensland pledged to invest $2 billion in renewable energy projects, as part of the state’s plan to reach 50 per cent renewable energy by 2030. Fraser Barton for Mandurah Mail.
In other state news, NSW Transport Minister Andrew Constance announced his desire to see the electrification of all cars, buses and trucks in the state, to improve air quality. Tom Rabe for The Sydney Morning Herald.
Solar power overtook wind as the ‘new queen of Australian Renewables’ according to Michael Mazengarb for Renew Economy, with the market share of renewable energy sources overtaking the market share of fossil gas generation.
The Productivity Commission plans to cut waste and make smartphone and whitegood repairs cheaper and easier. Under the plan, manufacturers would have to provide access to spare parts for repairs. Henrietta Cook and Jennifer Duke for The Age.