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EU Midday Market Briefing

Carbon Pulse - Wed, 2020-12-09 00:51
EUAs touched €30 early on Tuesday but slipped back as markets await signs of progress on a Brexit trade deal, while carbon traders brace for the expiry of the Dec-20 options contracts.
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Euro-Russian Mars rover mission takes shape

BBC - Tue, 2020-12-08 23:35
Another key milestone is reached in the ExoMars Rosalind Franklin rover mission to the Red Planet.
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Carbon capture could be six times more costly than wind and storage, analysis shows

RenewEconomy - Tue, 2020-12-08 23:01

Gorgon lng gas project chevron carbon capture storage CCS - optimisedNew analysis suggests that adding CCS to coal and gas generators would be hugely expensive, many times more costly than wind, solar and storage.

The post Carbon capture could be six times more costly than wind and storage, analysis shows appeared first on RenewEconomy.

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Labour risks loss of young voters by 'going backwards' on climate

The Guardian - Tue, 2020-12-08 22:53

Party supporters and activists warn inaction over its green new deal could harm electoral chances

Labour risks losing support among young people unless it does more to champion a radical green new deal (GND) to tackle the climate crisis and rebuild the post-Covid economy with well-paid, unionised jobs, according to climate activists and young Labour supporters.

School climate strikers and key youth groups within the party say they have been dismayed by what they see as the party’s failure to fight for the full “green industrial revolution” programme set out at the last election. And they warn that the party risks losing support among young people who have backed Labour in the past few years.

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Earth Photo 2020: nature photography winners – in pictures

The Guardian - Tue, 2020-12-08 21:55

Earth Photo, the international competition and exhibition created by Forestry England and the Royal Geographical Society with IBG, aims to encourage discussion about the environment by telling stories about the natural world, its inhabitants and our treatment of both

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Our global fire crisis is the sign of a dying biosphere. But we can take action| Troy Vettese

The Guardian - Tue, 2020-12-08 21:40

The unprecedented fires aren’t just caused by the climate crisis. Land use –especially real estate and animal husbandry – have a lot to answer for

A good, natural fire can be a cleansing force. Yet, the recent and ongoing catastrophic fires around the world – including in Brazil, the US, Sweden, Russia and Australia – are not moments of a healthy fire cycle but conflagrations of a dying biosphere.

Terrible as they are, the fires in the western American states are only middling on a global scale. As of early November, 8.6m acres (3.5m hectares) had burned nationally, with half of that total in California. This year has been the worst fire season on record for Colorado and California, the latter enduring five of its six largest fires since colonization. But the American catastrophe pales in comparison to Australia’s wildfires last summer, which incinerated an eye-watering 46m acres. More than a fifth of the country’s forests were destroyed in a single year. Siberia’s fires in 2020 were even bigger – 47m acres. A tenth of South America’s largest wetland, the Pantanal, went up in smoke this year – some 6m acres – coupled with the Amazon losing 8.5m acres. That latter figure is only half the size of last year’s fiery nightmare.

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Asthma inquest told: no link between girl's hospital admissions and higher pollution

The Guardian - Tue, 2020-12-08 21:36

Scientist says no evidence to support theory Ella Kissi-Debrah’s condition worsened when air pollution rose

A leading scientist has told an inquest there is no evidence that a nine-year-old girl was admitted to hospital with acute asthma complications when levels of air pollution were higher.

Paul Wilkinson, a professor of environmental epidemiology at the London School of Hygiene and Tropical Medicine, told a coroner he had analysed levels of nitrogen dioxide and particulate matter on the days during her lifetime when Ella Kissi-Debrah had contact with, or was admitted to, hospital.

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NZ Market: Record NZU run continues unabated as sellers step back

Carbon Pulse - Tue, 2020-12-08 20:21
New Zealand carbon allowances on Tuesday notched a fifth straight day of record high prices, with spot NZUs firming almost 5% over the period as willing sellers remain elusive.
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Japan’s GHG emissions continue to fall, putting Paris pledge in easy reach

Carbon Pulse - Tue, 2020-12-08 20:12
Japan’s greenhouse gas emissions fell 2.7% year-on-year in FY2019, preliminary government data showed Tuesday, keeping the country on track to easily meeting its Paris pledge from five years ago.
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Mt Everest grows by nearly a metre to new height

BBC - Tue, 2020-12-08 20:11
For the first time, China and Nepal agree an official height for the world's highest peak.
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Earth Photo winners announced

BBC - Tue, 2020-12-08 20:09
A project on abandoned spaces reclaimed by nature has won the 2020 Earth Photo competition.
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Moderate, but rising price expectations for China’s national ETS -survey

Carbon Pulse - Tue, 2020-12-08 19:54
Chinese market participants believe prices in the national emissions trading scheme will start off slightly higher than the level they estimated last year, though overall price expectations remain modest, a survey showed Tuesday.
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EU Commission sets out updated benchmarks for free carbon market allocations over next 5 years

Carbon Pulse - Tue, 2020-12-08 19:50
The European Commission has released draft values for the benchmarks used determine free EUA allocations to each industry over 2021-25, a step in the delayed process for handing out the units from next year.
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Thousands more back Dr Timnit Gebru over Google 'sacking'

BBC - Tue, 2020-12-08 17:40
Members of the researcher's AI ethics team have published a letter challenging the firm's account.
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The K'gari-Fraser Island bushfire is causing catastrophic damage. What can we expect when it's all over?

The Conversation - Tue, 2020-12-08 16:27
The Australian landscape’s need for fire isn't straightforward, and a fire of this magnitude will alter the island's ecological balance. Gabriel Conroy, Environmental Management Program Coordinator, University of the Sunshine Coast Licensed as Creative Commons – attribution, no derivatives.
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Chuck Yeager: First pilot to fly supersonic dies aged 97

BBC - Tue, 2020-12-08 15:50
The US pilot broke the sound barrier in 1947, helping to pave the way for America's space programme.
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A record year for renewables, says CER

RenewEconomy - Tue, 2020-12-08 14:40

 Goldwind).Clean Energy Regulator report shows record 4349MW of large-scale renewables – or 374 new renewable energy power stations – added in 2019-2020 financial year.

The post A record year for renewables, says CER appeared first on RenewEconomy.

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Victoria sets new energy efficiency targets to cut energy use by 7 pct by 2025

RenewEconomy - Tue, 2020-12-08 14:24

Victorian government announces new energy efficiency targets for households and businesses, set to cut energy use, costs and emissions.

The post Victoria sets new energy efficiency targets to cut energy use by 7 pct by 2025 appeared first on RenewEconomy.

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Crudine Ridge wind farm starts sending power to the grid in NSW

RenewEconomy - Tue, 2020-12-08 13:33

sapphire wind farm in New England (supplied) new england - optimisedCWP Renewables' 170MW Crudine Ridge wind farm has started sending small amounts of renewable energy to the grid in New South Wales.

The post Crudine Ridge wind farm starts sending power to the grid in NSW appeared first on RenewEconomy.

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South Australia gives new interconnector more money, to keep momentum of wind and solar boom

RenewEconomy - Tue, 2020-12-08 13:26

South Australia gives more money to early works for Project Energy Connect, to maintain momentum for what it says will be $4 billion investment boom.

The post South Australia gives new interconnector more money, to keep momentum of wind and solar boom appeared first on RenewEconomy.

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