For the first time, three-quarters of Victoria's electricity demand has been delivered by wind power

Just days after unveiling its ambitious new renewable energy target of 95% renewables by 2035, the state of Victoria has reached a new milestone, after wind energy delivered more than three-quarters of state electricity demand for the first time.

Meanwhile, a new analysis from energy advisory RepuTex has said prices in Australia’s $4.5bn carbon credit market could more than triple over the next decade amid demand from the nation’s largest climate polluters under Labor’s new safeguard mechanism.

Plus, climate change impacts and support for electric vehicles are some of the major policies that have already been announced ahead of tonight's budget.

Graph of the Day: Wind energy delivers three-quarters of Victoria’s demand for first time
Over a three-day period to the end of Monday, renewables (including solar and rooftop solar, and a little bit of hydro) contributed 49% of state demand.

Carbon credits boom tipped on demand from big polluters
Energy Advisory company RepuTex, which modelled Labor’s 2030 pledge to cut emissions by 43%, has said the value of Australian Carbon Credit Units would increase to a range of $60-$110 a tonne by 2032, up from $29 a tonne currently.

Here's what we know about the Albanese Government's budget
"Pre-budget" announcements allow governments to shape how people are thinking about the budget before the big numbers are revealed on budget night, and this year's been no exception.

Transport moving in low gear towards emissions reduction
Transport’s contribution to Australia’s carbon emissions is exacerbated by the extreme distances between our population centres, our often poor public transport infrastructure, and a lack of mandated emission standards for road vehicles.

'Irreversible damage' if govt refuses to fund Centre for Invasive Species: report
Shutting down the nation's invasive species research body would cause "irreversible damage" and leave Australia defenceless against a new wave of pests and weeds expected to breach the country's borders due to climate change, a new report has found.

Whaling meeting ends with mixed results for our ocean giants
The 68th meeting of the International Whaling Commission (IWC) meeting has concluded in Slovenia, with an agreement on a critical resolution to tackle the threat of ocean plastic pollution, but pro-whaling countries chose to walk out of a key session so the proposal to establish a South Atlantic Whale Sanctuary.