A partnership between QIC and Yurika Energy will deliver a whole-of-system renewable energy solution including onsite solar, battery storage and 24/7 system monitoring to optimise the value of onsite renewable energy.

The arrangement will mean Queensland’s largest bulky goods shopping centre, Domain Central, will be fully energy self-sustained within three years, which according to QIC will make it the first shopping centre in Australia to do so.

The deal will also reduce grid electricity consumption by up to 30 per cent across the portfolio.

Greenhouse gases to cause catastrophic heat for third of all humans

Nearly a third of the global population will face “near unlivable” heat within the next 50 years unless greenhouse gas emissions fall according to a new study.

With increasing emissions accelerating global temperatures, researchers project that by 2070, 3.5 billion people will live in regions with an average temperature above 29 C, conditions only seen today in the hottest parts of the Sahara desert.

“The good news is that these impacts can be greatly reduced if humanity succeeds in curbing global warming,” study co-author and climate specialist Tim Lenton said.

“It is important that we can now express the benefits of curbing greenhouse gas emissions in something more human than just monetary terms.”

International spotlight on UK fossil investors AGMs

Two of Europe’s biggest fossil fuel investors, Standard Chartered and Barclays, are holding their online annual general meetings in London this week. 

Since the 2016 Paris Agreement, Standard Chartered and Barclays have invested a whopping $24 billion and $118 billion respectively into coal, oil and natural gas companies such as Exxon Mobil.

The upcoming UN Climate Conference in nearby Glasgow is already drawing international attention to the UK banks’ role in financing greenhouse gas emitting industries.

“UK banks are driving the global fossil fuel expansion forward,” Urgewald energy and finance campaigner Katrin Ganswindt said.

“Barclays and Standard Chartered need to work out their fossil-exit plans if they want to avoid completely embarrassing themselves at COP26 in Glasgow.”

Transport for NSW to begin zero emission bus trials

Transport for NSW is accepting expressions of interest from energy, transport, manufacturing and finance leaders to participate in zero emission bus trials. 

The trials are a collaborative effort between Sydney and Outer metropolitan areas as part of the NSW government’s plan to transition all public buses to zero emissions. 

“Bus patronage in Sydney has grown remarkably over the last few years and we must continue to meet future demand in a sustainable way,” Transport for NSW deputy secretary Elizabeth Mildwater said. 

“It is essential that we collaborate with industry to trial and develop the most innovative, effective and sustainable new technology and approaches for our local transport needs.”

The RFEOI will be open for a three month period — see more details here.

CEFC launches Advancing Hydrogen Fund

The Clean Energy Finance Corporation (CEFC) introduced its $300 million Advancing Hydrogen Fund to support growth in an Australian hydrogen industry.

Hydrogen could play a significant role in Australia’s transition to clean energy, reducing emissions and establishing a new Australian energy export.

As its first role, CEFC will be working with ARENA on the Renewable Hydrogen Deployment Funding Round to support the technical and commercial viability of large scale hydrogen production through electrolysis.

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