Around The Web

RFS Market: RIN credits barnstorm toward all-time high

Carbon Pulse - Fri, 2021-03-12 02:35
US biofuel credits (RINs) continued their recent torrid stretch on Thursday morning, closing in on record prices under the Renewable Fuel Standard (RFS) not seen since 2013.
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Bumper cloud of megabats wreaks havoc on Adelaide’s power network

The Guardian - Fri, 2021-03-12 02:30

With wingspans of up to one-metre, protected grey-headed flying foxes are causing multiple blackouts a week

Australia’s largest bat is making life difficult for Adelaide households. A colony of more than 25,000 grey-headed flying foxes plunging households into darkness 40 times so far this year.

The protected species – a member of the megabat family – first moved into Botanic Park in the heart of the city in 2010.

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Outcry at Australia's coal plant closures misses the point: change is coming | Adam Morton

The Guardian - Fri, 2021-03-12 02:30

Trying to heavy owners won’t hold back the renewables tide. It’s time to plan, and the blueprint exists

If ever there is a case where the headline doesn’t tell the full story it is the news that Victoria’s Yallourn power generator – one of Australia’s oldest and dirtiest coal plants – will shut earlier than planned.

The basic facts are clear: the owner, EnergyAustralia, had previously said the Latrobe Valley generator would close in 2032, and now it will be gone by 2028.

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Climate change: 'Default effect' sees massive green energy switch

BBC - Fri, 2021-03-12 02:22
When suppliers make green energy the default choice, consumers stick with it even if it's costly.
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Kathleen Folbigg: Could science free Australian jailed for killing babies?

BBC - Fri, 2021-03-12 02:03
Kathleen Folbigg has been called Australia's worst female murderer - now scientists doubt her guilt.
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ICE to delist Phase 4 daily EUA futures, offer general spot contract from early May

Carbon Pulse - Fri, 2021-03-12 01:36
ICE Futures Europe will delist its Phase 4 EU Allowance daily futures at the end of April as the current bifurcation seen in the European carbon market dissipates, with the bourse modifying its Phase 3 contract to offer trade in EUAs from either period.
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Poland sees its ETS-covered CO2 output falling 10% by 2030

Carbon Pulse - Fri, 2021-03-12 01:32
Poland expects to reduce its EU ETS-covered emissions 10.3% by the end of the decade, according to an energy strategy published late Wednesday that would keep coal in use far longer than experts say is needed to curb global warming.
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New US vehicles must be electric by 2030 to meet climate goals – report

The Guardian - Fri, 2021-03-12 01:24

Joe Biden needs ‘visionary target’ of cutting US emissions by 60% over 2005 levels

The US should ensure almost all new cars and light vehicles sold are electric by the end of this decade, and stop using fossil fuels for power generation by 2035, to cut greenhouse gas emissions in line with the Paris agreement, a new analysis has found.

Joe Biden, the US president, should aim for a national target of cutting emissions by about 60% by 2030, compared with 2005 levels, for the world to have a good chance of holding global temperature rises within 1.5C of pre-industrial levels, according to Climate Action Tracker (CAT).

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Xpansiv launches nature-based carbon offset product

Carbon Pulse - Fri, 2021-03-12 00:00
Spot commodities exchange and market data firm Xpansiv launched a nature-based version of its Global Emissions Offset (GEO) on Thursday, building on the firm’s spot and futures offerings of its CORSIA-aligned carbon credits.
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If Johnson thinks he can charm his way to success at Cop26, he's sorely mistaken | Larry Elliott

The Guardian - Thu, 2021-03-11 22:56

Preparations for the crucial climate conference aren’t going well: with its aid cuts, the UK is hardly setting an example

It ought to be simple, but it will be anything but. When almost 200 countries gather for the UN Cop26 climate conference in Glasgow in November, they will do so under the shadow of two crises: a global pandemic that emerged out of nowhere and a climate emergency that nearly everybody has been able to see coming.

Governments have spent trillions of pounds, dollars and euros in the battle against Covid-19. They have the incentive – as Boris Johnson puts it – to build back better, to channel that stimulus into the greening of the global economy. If ever there was a time to think big and be bold then this is it.

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'This is nuts': Hawaii declares state of emergency after flooding and landslides – video

The Guardian - Thu, 2021-03-11 22:17

Hawaii has declared an emergency after heavy rains brought floods, landslides and fear of dam failures in the US state.

Authorities ordered the evacuation of several thousand people from communities threatened by rising waters.

The move came after a dam overflowed on the island of Maui, forcing evacuations and destroying homes.

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The Green New Deal's time has come – but where has Labour's radicalism gone? | Adam Tooze

The Guardian - Thu, 2021-03-11 21:27

The party risks a dead end with its ‘Little Britain’ thinking, in marked contrast to the bolder path taken by Joe Biden

What a difference power makes.

The past 18 months saw political defeats for the left on both sides of the Atlantic. Jeremy Corbyn’s leadership of the Labour party came to an end after a resounding Conservative victory. The Bernie Sanders campaign went down at the hands of the Democrat establishment. And yet the bitter irony of 2020 was that just as the political hopes of the left were dashed, the strategic analysis of the Green New Deal – the centrepiece of its policy vision – was spectacularly vindicated.

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Massive $3 billion wind, solar and battery project approved in South Australia

RenewEconomy - Thu, 2021-03-11 21:03

Massive Goyder South wind, solar and battery storage project in South Australia gains planning approval, with first stage to begin construction later this year.

The post Massive $3 billion wind, solar and battery project approved in South Australia appeared first on RenewEconomy.

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Hundreds of sewage leaks detected thanks to AI

BBC - Thu, 2021-03-11 20:00
Software originally used to diagnose genetic disorders can detect sewage spills, experts say.
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New Zealand adopts contested CO2 auction reserve price mechanism

Carbon Pulse - Thu, 2021-03-11 19:17
New Zealand lawmakers have adopted a confidential reserve price mechanism for carbon permit auctions that observers say creates greater uncertainty and adds unnecessary risk of a failed sale.
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Covid fallout 'undermining nature conservation efforts'

BBC - Thu, 2021-03-11 18:03
The pandemic is taking a "severe toll" on conservation efforts, says a study published by the IUCN.
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NSW to go it alone on vehicle emissions standards to avoid becoming 'dumping ground'

The Guardian - Thu, 2021-03-11 15:32

Leaked document reveals plan to harmonise regulations with European standards and encourage electric vehicle uptake

Plans are in the works for New South Wales to go it alone on vehicle emissions regulations after nearly two decades of inaction by the federal government.

The details were revealed after a draft copy of the New South Wales 2020-2030 Clean Air Strategy, outlining proposals for stricter regulations around noxious emissions and CO2 standards for vehicles sold within the state, was leaked to the media.

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Video: Coal is out, batteries are in

RenewEconomy - Thu, 2021-03-11 14:25

Yallourn power station (supplied).The energy industry has decided that coal is out and wind, solar and big batteries are in. The biggest road block is the federal energy minister.

The post Video: Coal is out, batteries are in appeared first on RenewEconomy.

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Europe votes in favour of carbon border tax, could hit Australian exports

RenewEconomy - Thu, 2021-03-11 14:24

European Union Flags near European Commission - optimisedThe European Parliament has given a bold tick of approval to a proposal to start taxing imports from countries without a carbon price, like Australia.

The post Europe votes in favour of carbon border tax, could hit Australian exports appeared first on RenewEconomy.

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Funds have $1 trillion to spend on renewables, but are scared of Australia’s policy chaos

RenewEconomy - Thu, 2021-03-11 14:23

Big global pension funds have a huge and growing appetite for renewables, but they need policy stability, and Australia's policy chaos is scaring them away.

The post Funds have $1 trillion to spend on renewables, but are scared of Australia’s policy chaos appeared first on RenewEconomy.

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