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Australia Market Roundup: Complaint launched against Qantas “fly neutral” claims, ACCU issuance increases   

Carbon Pulse - Wed, 2024-10-16 17:22
An environmental legal group has submitted a greenwashing complaint to Australia’s consumer watchdog over airline Qantas’ “fly carbon neutral” product and its broader sustainability claims. 
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Coalition pledge to subsidise Australia’s most expensive form of energy makes ‘no sense’, Labor says

The Guardian - Wed, 2024-10-16 17:16

Chris Bowen questions why gas companies who already produce energy should get windfall gain under opposition’s plan

Labor says a Coalition pledge to offer subsidies to existing and new gas power plants makes “no sense” and would ensure fossil fuel plants that are already in the grid receive windfall gains.

In a speech to an Australian Pipelines and Gas Association Convention in Adelaide, the opposition’s climate change and energy spokesperson, Ted O’Brien, said that gas would be “here to stay” under the Coalition.

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Act now on best green credentials for new homes in England, ministers urged

The Guardian - Wed, 2024-10-16 15:00

Bring in ‘future homes standard’ or leave families at risk of higher bills and emissions for decades, MPs and experts say

Ministers must take steps now to ensure that all homes are built to the most efficient low-carbon standards, or risk locking households into higher bills and greenhouse gas emissions for decades to come, a group of MPs and experts have urged.

The government is mulling changes to the building regulations in England to bring in a “future homes standard” that would require all new homes to be built with low-carbon equipment such as heat pumps and solar panels.

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Fossil fuels could become cheaper and more abundant, says IEA

The Guardian - Wed, 2024-10-16 15:00

International Energy Agency says transition to clean energy means there will be a surplus of oil, gas and coal

Fossil fuels could soon become significantly cheaper and more abundant as governments accelerate the transition to clean energy towards the end of the decade, according to the International Energy Agency.

The world’s energy watchdog has signalled a new energy era in which countries have access to more oil, gas and coal than needed to fuel their economic growth, leading to lower prices for households and businesses.

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Flies, rats and offers of hush money - the price of living next to a ‘monster’ incinerator

BBC - Wed, 2024-10-16 14:45
The UK's burden of waste is disproportionately falling on deprived areas, where residents have spoken to the BBC.
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Coogee beach suspected oil slick: beachgoers warned after black balls wash ashore – video

The Guardian - Wed, 2024-10-16 14:37

Surfers were seen catching waves near a suspected oil slick off the coast of Coogee in Sydney a day after hundreds of pieces of black debris washed up along the beach. The beach was closed and beachgoers warned not to touch the material, which could be 'tar balls' formed from oil spills or seepage at sea

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Solomons to design carbon trade policy, plans stakeholder consultation soon

Carbon Pulse - Wed, 2024-10-16 14:34
The Pacific nation of the Solomon Islands has launched a carbon trading policy project with help from the Global Green Growth Institute (GGGI) and the New Zealand and Irish governments.
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UK banks invested £1 bln in ‘forest risk’ companies, undermining national pledge -report

Carbon Pulse - Wed, 2024-10-16 14:01
UK banks have invested more than £1 billion in companies tied to deforestation risks worldwide since COP26, defying the country’s 2021 Glasgow climate commitments, according to analysis released on Wednesday.
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Mysterious black balls have washed up on Sydney’s Coogee beach. Are they the result of an oil spill, or something else?

The Conversation - Wed, 2024-10-16 13:27
There’s a good chance the objects on Coogee beach are not, as some have suggested, tar balls. But in any case, they pose a potential risk and authorities are right to close the beach. Sharon Hook, Principal Research Scientist, CSIRO Licensed as Creative Commons – attribution, no derivatives.
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Social media footage reveals little-known ‘surfing’ whales in Australian waters

The Conversation - Wed, 2024-10-16 13:12
By tapping into observations of Bryde’s whale shared on social media, we found evidence of feeding and “surfing” behaviours possibly never documented before. Vanessa Pirotta, Postdoctoral Researcher and Wildlife Scientist, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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Oregon approves state forest for carbon crediting programme

Carbon Pulse - Wed, 2024-10-16 11:50
The US state’s land board unanimously adopted on Tuesday a proposed management plan for a local forest to earn revenues through the sale of carbon credits.
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RGGI Market: RGAs briefly reverse slide in thin trade

Carbon Pulse - Wed, 2024-10-16 11:01
RGGI Allowance (RGA) prices in the secondary market briefly caught a headwind over the past week to reverse a sell-off since the market administrator released programme updates.
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Hawaii Supreme Court ruling shields insurer from paying out climate damages

Carbon Pulse - Wed, 2024-10-16 10:56
A major US insurance company notched a win in a Hawaii Supreme Court ruling that found a policy issued to an oil and gas company does not cover damages from greenhouse gas (GHG) emissions.
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IRA funding expected to add $238 bln to US GDP in first 2 years -report

Carbon Pulse - Wed, 2024-10-16 09:25
In the first two years since its implementation, the Inflation Reduction Act (IRA) is expected to add $237.5 billion to the US gross domestic product (GDP), an industry group modelled Tuesday.
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Conservation group to launch US nature-based carbon credit auction in 2025

Carbon Pulse - Wed, 2024-10-16 09:21
A national conservation group announced on Tuesday plans to hold its first auction for nature-based carbon credits in February 2025 – the first of its kind in the US, according to their statement.
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