Thinktank says decoupling electricity from gas prices has also helped shield Spain from hikes caused by Iran war

Spanish households save €10 a month on electricity bills because of wind turbines and solar panels installed in the last five years, a report has found.

Typical energy bills would be 19% more expensive if electricity costs were still as tightly coupled to gas prices as in 2021, according to Ember, a climate thinktank. It found Spain’s “strategic” expansion of renewables since Russia invaded Ukraine in 2022 has shielded Spanish households from the latest rises in fossil fuel prices caused by the Iran war.

Climate minister Chris Bowen says country must prepare for changing world and can play bigger role in reducing emissions

Australia will find exporting fossil fuels increasingly difficult but can switch to exporting clean energy products, the president of the next UN climate negotiations has declared.

Speaking at a climate conference in Bonn, Germany, Chris Bowen, Australia’s minister for climate change and energy, argued his country had led the global push to “transition away from fossil fuels” – based on the rapid growth of renewable energy and batteries in its domestic power grids – and that its economy could manage the switch.

Third of world’s energy needs should come from electricity by 2035, says Murat Kurum, as priorities set out for this year’s UN climate summit

The world should aim to meet a third of its energy needs from electricity within a decade to cut greenhouse gas emissions, the host of the next UN climate summit has said.

While about a third of global electricity generation already comes from renewable sources, other energy-intensive sectors – chiefly transport, heating and industries – have lagged behind. Close to four-fifths of final energy still comes from fossil fuels, as a result.

Datacentre off Shanghai coast uses less power and water than land-based equivalent

The world’s first wind-powered underwater datacentre has started operations off the coast of Shanghai, as China presses forwards with solutions for energy challenges created by the country’s artificial intelligence boom.

The Shanghai Lingang undersea datacentre demonstration project, which launched in May, has a capacity of 24 megawatts. It is a joint effort between HiCloud Technology and China Communications Construction, a state-owned company.

Experts say increased use of crops for fuel is ‘dangerous game’ that could send food price inflation soaring

Demand for biofuels is likely to leap by nearly a third this year, which could send food price inflation soaring further and push the world closer to a global food crisis.

More countries are opting to increase biofuel use as the price of oil has jumped to nearly $100 a barrel after the US-Israeli attacks on Iran and the closure of the strait of Hormuz.

US president announces plans for two new coal plants, in Alaska and West Virginia, using Defense Production Act

Donald Trump is using wartime presidential authority to hand $700m to coal-fired power plants in the US, the latest move by the president to bolster what he called “clean, beautiful coal”, despite it being the dirtiest of fossil fuels.

“Today, we’re taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal,” he said at a press conference on Thursday.

Some will question its credibility – but the alternative future to the one imagined in the Global Justice Report is far more bleak

• ‘An equal and habitable world is possible’: academics set out sweeping vision for planetary survival

In our increasingly dystopian world, who wouldn’t want to at least be open to a utopian antidote? The Global Justice Report, published on Thursday, outlines how to build a prosperous, equitable world within safe planetary boundaries. It’s a push from the modern eco-socialist left in a global battle for ideas that will shape the future.

Based on past social achievements and future energy transformation, it indicates that the overwhelming majority of people on the planet could, by the end of the century, work less and earn more – while keeping temperatures down and avoiding much of the current destruction of nature. It is an ambitious, comprehensive and upbeat plan, and a stronger argument around which to build a political campaign than abstract goals of net zero or decarbonisation.

Australia is pioneering a revolution in home renewables and battery use, proving what is possible with the right policies

The timing was rich with symbolism. As intense heatwaves pummelled Europe and Asia, and oil markets around the world leapt and sputtered, the two big chimneys of one of Australia’s largest power stations were being demolished. Meanwhile, the Australian energy minister was holding a media conference to hail a fall of up to 10% in the benchmark electricity price in parts of the country.

Quietly, and with surprisingly little fanfare from the rest of the world, Australia is pioneering a revolution in home renewables and battery use, proving what is possible with the right policies. The country was already one of the global leaders in domestic solar power, with panels on one in three homes. It also remains, however, a major contributor to the climate crisis through its vast fossil fuel exports. But it is batteries that are giving Australia a new burst of speed.

Guardian investigation shows how US presidency blurs line between policy and enrichment of American ruling family and those around it

On a graffitied Sarajevo backstreet, a path leads past an overgrown patch of garden to a white door. Beyond is the registered office of a company that is on the brink of winning contracts worth more than $1bn.

AAFS Infrastructure and Energy is close to securing a concession to build and operate a pipeline across the Balkans to allow fossil gas shipped from the US to replace supplies that come from Russia. “This could be the most important infrastructure project ever in Bosnia and Herzegovina,” says one of the country’s top officials, who, like others, asks to remain anonymous to discuss sensitive negotiations.

Datacentres used 22% of country’s electricity last year, pushing up household bills, study suggests

Energy demand by datacentres in Ireland has added hundreds of euros to household electricity bills in a pattern that could be replicated across Europe, according to a report.

Ireland’s growing number of datacentres last year used 22% of the country’s electricity, more than all urban homes combined, according to the Central Statistics Office. The equivalent figure in the US and UK is 6%.

With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producer

Jamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground.

Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag on an economy that generated $4.3bn from tourism, its biggest earner, in 2024.