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What quantity of emissions would building new gas pipelines in Australia enable? A new report answers that question (It's a lot).

The post Chart of the day: The climate harm of Australia’s proposed gas pipelines appeared first on RenewEconomy.

EUAs jumped more than €2 to near-record levels above €35 on Tuesday, as reports of bullish fund managers and a strong auction pushed carbon to a technical breakout.

ClearBlue is looking for a Carbon Market Analyst to join our dynamic team. The job will offer the opportunity to work with companies across a wide range of industries on emission reduction strategies and the economic value this brings to them under different carbon pricing regimes.

California regulator ARB has not made a determination about the role of cap-and-trade or the programme’s future allowance supply, despite comments from a state official that the WCI-linked scheme would play a “smaller role” in reaching long-term climate goals, numerous regulatory sources told Carbon Pulse. 

The 11 member states participating in the US Northeast and Mid-Atlantic RGGI cap-and-trade market are aiming to begin the power sector scheme’s 2021 review later this summer, the programme announced Tuesday.

A continent-wide rail renaissance can play a vital part in the battle to meet net zero climate targets

The avant garde German band Kraftwerk understood perfectly the special pleasures of cross-border train travel. The spare lyrics to their 1977 classic Trans-Europe Express celebrated the frissons that come with being stylishly on the move: “Rendezvous on Champs-Élysées / Leave Paris in the morning with T-E-E / In Vienna we sit in a late-night cafe / Straight connection T-E-E.”

Cool, sleek and, in its day, ineffably modern, the Trans Europe Express stopped running in 1995. Scores of other international rail links have gone the same way, priced out of the market by low-cost air travel. There is no longer, for example, a direct train route between Paris and Berlin. To travel the 600km between Madrid and Lisbon requires three changes and can take 11 hours. In Britain, the possibilities provided by the Channel tunnel have been underexplored for the same reason: rock-bottom short-haul air fares have turned continental rail travel into an eccentric and expensive pleasure for romantics with deep pockets.

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*PREMIUM LISTING (viewable by non-subscribers) – Finite Carbon is growing rapidly and seeking to build an agile and motivated workforce and a culture that celebrates innovation.

A Virginia power utilities commission could not determine that Dominion Energy’s Integrated Resource Plan to achieve long-term climate goals is reasonable, and as a result has asked the RGGI-regulated company to do additional analysis on future demand, efforts to boost reliability, and customer bill impacts.

Collapse of wall at Mogden treatment works on Friday led to wastewater entering Duke of Northumberland’s River in Isleworth

An MP is calling for Thames Water to compensate residents in west London after part of a wall in one of the largest sewage works in the UK collapsed, and homes and gardens were flooded with untreated sewage.

Residents living along the Duke of Northumberland’s River in Isleworth had gardens and homes flooded as foul-smelling water poured down the waterway on Friday.

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A successful hedge fund that trades carbon is seeking to expand its investment team through recruiting an Assistant Portfolio Manager, who will work closely with the Portfolio Manager in managing the hedge fund and segregated client accounts.

Out of London or Nyon, Switzerland, the successful candidate will work to develop new revenue streams in the Environmental Commodities market for the Carbon Desk.

UK utility SSE expects to pause its forward hedging of thermal generation until the UK carbon market starts issuing units, it said on Tuesday, in contrast to other British operators continuing to use EU Allowances to hedge their post-Brexit production.

The European Parliament’s environment (ENVI) committee is due to vote this week on its position on a carbon border adjustment mechanism (CBAM), with a large majority of political groups endorsing a gradual phaseout of the free EU carbon allowances currently given to the bloc’s heavy industry.

Danish team predict possible 1.35m rise by 2100 and highlight issues with previous modelling

The rise in the sea level is likely to be faster and greater than previously thought, according to researchers who say recent predictions are inconsistent with historical data.

In its most recent assessment, the Intergovernmental Panel on Climate Change said the sea level was unlikely to rise beyond 1.1 metre (3.6ft) by 2100.

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The largest holder of California Low Carbon Fuel Standard (LCFS) credits reduced its share of the surplus bank to the lowest level in nearly three years, programme data showed.

Waste policy, climate adaptation and reform of conservation laws top government agenda, letter reveals

The Morrison government has nominated waste policy, climate adaptation and reform of national conservation laws as its environmental priorities for 2021, prompting criticism that it is not focused enough on improving the plight of the country’s declining wildlife and threatened species.

In a letter to her state and territory counterparts, the federal environment minister, Sussan Ley, said the prime minister had written to her suggesting “three critical priorities” for the year. She asked her counterparts for their feedback.

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Protesters told to immediately stop tunnelling under London station and give details of people down there

An emergency application to the high court by environmental protesters to stop HS2 evicting them from a tunnel close to Euston station because of safety concerns has been rejected by a judge.

Mr Justice Knowles ordered that Larch Maxey, a protester who lodged the application on Monday night, should immediately stop tunnelling and give details about the layouts of the tunnels and how many people were down there.

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Six hundred trees to be planted as part of nationwide initiative to bring more precious woodland into cities

A scrap of ground, the size of a tennis court, beside a river in Bristol is being transformed into a “tiny forest” featuring 600 trees as part of a nationwide initiative to bring more precious woodland into cities.

The area, on a plateau next to the River Trym in Southmead, will be one of a string of such projects across the UK featuring trees ranging from mighty oaks to birch, elder, blackthorn and guelder rose.

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Campaigners welcome fishing restrictions to help restore habitats including Dogger Bank, but say government must go further

Government proposals to ban destructive bottom trawling fishing in the Dogger Bank, announced on Monday, marked a “really big day” for Britain’s seas, conservationists said.

Under proposed bylaws put out for consultation by Britain’s Marine Management Organisation (MMO), bottom trawling, which involves weighted nets being dragged over the sea bed, would be prohibited in the Dogger Bank special conservation area, alongside three other English marine protected areas (MPAs). There are 40 MPAs in England and 76 in the UK.

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Uzbekistan’s energy ministry plans to carry out a subsidy reform in its gas-dominated electricity generation sector to be followed by the introduction of a carbon pricing mechanism in a bid to cut energy-related carbon output to net zero by 2050.