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EU Midday Market Brief

Carbon Pulse - Fri, 2019-08-23 22:31
EUAs fell to a nine-week below €25 on Friday amid ongoing technical weakness that has seen carbon defy its historical August gains.
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Amazon fires: what is happening and is there anything we can do?

The Guardian - Fri, 2019-08-23 22:14

Why people should be worried about the blazes and increased deforestation in Brazil

Thousands of fires are burning in Brazil, many of them in the world’s biggest rainforest, which is sending clouds of smoke across the region and pumping alarming quantities of carbon into the world’s atmosphere.

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Ireland could oppose trade deal if Brazil fails to stop Amazon fires

The Guardian - Fri, 2019-08-23 22:07

Leo Varadkar says Dublin will vote against EU’s Mercosur pact unless action is taken

Ireland’s taoiseach, Leo Varadkar, has said Dublin will vote against an EU trade deal with South American nations unless Brazil takes action to stop the burning of the Amazon.

Varadkar said his government would oppose the Mercosur trade agreement with four Latin American countries – Brazil, Argentina, Paraguay and Uruguay – that was clinched in June after two decades of negotation but has not yet been ratified.

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'I will give my last drop of blood for this forest'

BBC - Fri, 2019-08-23 21:05
Members of Brazil's Mura tribe vow to defend their land, as wildfires rage in the Amazon rainforest.
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Norfolk scheme brings ancient wildflower meadows back to life

The Guardian - Fri, 2019-08-23 21:00

Restoration project uses seed-rich hay taken from roadside verges to regrow lost meadows

There is something back to front about the idyllic scene on a meadow south of Norwich. Hay is normally gathered in, but this freshly cut, sweet-smelling grass is being carefully forked across a field.

The hay, harvested from nearby roadside verges, is spread to scatter the seeds contained within it, part of an innovative scheme to restore natural flower-rich meadows and reverse losses. More than 97% of Britain’s wildflower meadows have vanished since the 1930s.

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CN Markets: Pilot market data for week ending Aug. 23, 2019

Carbon Pulse - Fri, 2019-08-23 20:36
Closing prices, ranges and volumes for China's regional pilot carbon markets this week.
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Merkel backs Macron's call for G7 talks on Amazon fires

The Guardian - Fri, 2019-08-23 20:05

German chancellor ‘convinced of emergency’ but Brazil’s leader accuses European leaders of colonialism

Angela Merkel has backed Emmanuel Macron’s call to put the fires in the Amazon on the agenda at this weekend’s G7 summit, after the French president said the situation amounted to an international crisis.

Steffen Seibert, a spokesman for the German chancellor, told journalists in Berlin on Friday: “The extent of the fires in the Amazon area is shocking and threatening, not only for Brazil and the other affected countries, but also for the whole world.

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Amazon rainforest fires: global leaders urged to divert Brazil from 'suicide' path

The Guardian - Fri, 2019-08-23 19:56

Experts say international pressure may be only way to sway Bolsonaro government

International pressure may be the only way to stop the Brazilian government from taking a “suicide” path in the Amazon, one of the country’s most respected scientists has said, as the world’s biggest rainforest continues to be ravaged by thousands of deliberate fires.

The large number of conflagrations – set illegally to clear and prepare land for crops, cattle and property speculation – has prompted the state of Amazonas to declare an emergency, created giant smoke clouds that have drifted hundreds of miles, and sparked international concerns about the destruction of an essential carbon sink.

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NZ Market: NZUs end week in vogue as they hit 2-mth high

Carbon Pulse - Fri, 2019-08-23 18:33
New Zealand carbon allowances ended the week on a strong note, climbing 1% to hit their highest levels since late June on healthy demand.
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Woodside earns biggest share of Australia’s latest offset issuance

Carbon Pulse - Fri, 2019-08-23 18:29
Oil and gas firm Woodside Burrup was the biggest recipient of new Australian carbon offsets this week, earning A$1.1 million worth of credits for a tree-planting project.
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The Amazon is on fire – here are 5 things you need to know

The Conversation - Fri, 2019-08-23 17:40
The Amazon is burning at record levels, and land clearing is to blame. The good news: we already know what we need to do to stop it. Danilo Ignacio de Urzedo, PhD candidate, University of Sydney Licensed as Creative Commons – attribution, no derivatives.
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One year on, how good is Morrison’s climate and energy denial?

RenewEconomy - Fri, 2019-08-23 16:01

Scott Morrison CoalOne year after Scott Morrison took the reins as PM – and appointed Angus Taylor federal energy minister – the divide over the country's energy and climate future is as deep and depressing as ever. How good is that?

The post One year on, how good is Morrison’s climate and energy denial? appeared first on RenewEconomy.

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Australia's energy woes will not be solved by reinforcing a monopoly

The Conversation - Fri, 2019-08-23 16:00
The likelihood of half of Victoria being plunged into blackout are low – but the question reveals growing tension between the energy market and its regulators. Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University Licensed as Creative Commons – attribution, no derivatives.
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Groups sue Trump for weakening protections of animals endangered by climate crisis

The Guardian - Fri, 2019-08-23 16:00

Administration’s move is a ‘head in the sand approach’ that will further imperil creatures threatened by the climate crisis

Life as a sea turtle is already harrowing. Emerging alone from a shell to crawl through a deadly gauntlet of predatory birds, dogs and ants, all for the goal of reaching the ocean, a place where fish swallow you whole and fragments of discarded plastic slowly suffocate you.

Now climate change – in the form of sea level rise, rising temperatures and fiercer storms – is adding further, existential hardships and in the US a recent weakening of endangered species protections by the Trump administration will further imperil sea turtles and other creatures threatened by the climate crisis.

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ConfUSEd by the ESOO? You’re not alone

RenewEconomy - Fri, 2019-08-23 15:39

Is it “millions of households and businesses face being plunged into darkness” or “a 99.998% chance of no cuts at all"? Actually, you'd be wrong on both counts.

The post ConfUSEd by the ESOO? You’re not alone appeared first on RenewEconomy.

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Is Coalition trying to sell the CEFC they could not close? Apparently not

RenewEconomy - Fri, 2019-08-23 15:29

SHM report claiming the federal government’s $10 billion Clean Energy Finance Corporation is up for sale has been hosed down by both the Coalition, and the green bank itself.

The post Is Coalition trying to sell the CEFC they could not close? Apparently not appeared first on RenewEconomy.

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Solar sends Queensland wholesale day-time prices to zero six days in a row

RenewEconomy - Fri, 2019-08-23 15:18

genex-solar-hydro-cmeps-nov2017-high-res-aerial-helicopter1-4-of-17_1_orig - optimisedQueensland day-time prices hit zero or below for sixth day in a row, while prices go negative for 10th day in a row in South Australia.

The post Solar sends Queensland wholesale day-time prices to zero six days in a row appeared first on RenewEconomy.

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WestWind taps GE to help deliver 1GW Golden Plains wind farm

RenewEconomy - Fri, 2019-08-23 14:52

GE Renewable Energy announced as co-developer and turbine supplier for "largest in the Southern Hemisphere" 800-1000MW Golden Plains wind farm in Victoria.

The post WestWind taps GE to help deliver 1GW Golden Plains wind farm appeared first on RenewEconomy.

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Australian thermal coal exporters warned of falling demand from India

The Guardian - Fri, 2019-08-23 13:45

Report says outlook in India is ‘finely balanced and uncertain’ despite resources industry’s high hopes

Thermal coal exporters face “significant risk” that demand from India will decline, a report by the Australian office of the chief economist says.

It also warned of long-term uncertainties in the market considered a “great hope” by miners.

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Catastrophic Queensland floods killed 600,000 cattle and devastated native species

The Conversation - Fri, 2019-08-23 13:15
Six months after huge floods swept Queensland we can start to appreciate the huge effect they had on native species. Gabriel Crowley, Adjunct Principal Research Fellow, James Cook University Noel D Preece, Adjunct Asssociate Professor, James Cook University Licensed as Creative Commons – attribution, no derivatives.
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