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Greta Thunberg takes part in her last school strike for climate

The Guardian - Sat, 2023-06-10 20:36

As activist graduates from school, she says she will still protest on Fridays as ‘fight has only just begun’

After what began as a solo protest in Sweden five years ago and grew into a movement with millions of children across the world participating, Greta Thunberg has taken part in her last “school strike” protest as she graduates from school.

The protests, which led to many climate activist movements across Europe, the US and Australia, are known as Fridays for Future or School Strike for Climate.

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Transparent Project releases world-first standardised natural capital accounting methodology

Carbon Pulse - Sat, 2023-06-10 17:41
The EU-funded Transparent Project has published the Natural Capital Management Accounting (NCMA) methodology, providing corporations with practical guidance for environmental profit and loss (EP&L) bookkeeping.
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Ministers warned England set to miss wildlife and biodiversity targets

The Guardian - Sat, 2023-06-10 16:00

Exclusive: Natural England chair Tony Juniper says government must work quickly to reconcile farming and nature

England will not meet its biodiversity targets at current rates, the chair of Natural England has said, as he accused ministers of moving too slowly to regenerate nature.

Tony Juniper, who has been in post at the government’s nature quango since 2019, said ministers were not on track to meet species abundance targets, which have been criticised by wildlife charities as “embarrassingly poor”.

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CP Daily: Friday June 9, 2023

Carbon Pulse - Sat, 2023-06-10 11:57
A daily summary of our news plus bite-sized updates from around the world.
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Smoke in the air as Australia’s fire crews prepare for the return of El Niño

The Guardian - Sat, 2023-06-10 10:00

Climate change has lengthened fire seasons and limited chances for hazard reduction burns, leaving authorities racing the clock before risky weather hits

Last week, people living around Darwin and Brisbane could see and smell the smoke in the air. It’s an experience that will be mirrored across the country in the coming weeks as fire authorities and land managers carry out hundreds of controlled burns.

Climate change has already lengthened Australia’s fire seasons, with higher temperatures driving an increase in riskier fire weather.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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*Senior Manager, Climate Policy and Strategy, International Climate Policy, Verra – Remote (Worldwide)

Carbon Pulse - Sat, 2023-06-10 08:13
*PREMIUM LISTING - With the rapid growth in carbon markets driving a new wave of project development, Verra is seeking a Senior Manager to join the Climate Policy and Strategy Team within the Legal, Policy and Markets Department.
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*Senior Program Officer/Program Officer, Climate Policy and Strategy, International Climate Policy, Verra – Remote (Worldwide)

Carbon Pulse - Sat, 2023-06-10 08:09
*PREMIUM LISTING - With the rapid growth in carbon markets driving a new wave of project development, Verra is seeking a Senior Program Officer or Program Officer to join the Climate Policy and Strategy Team within the Legal, Policy and Markets Department.
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Japanese electronics giant Panasonic to trial internal carbon pricing that targets scope 3 emissions

Carbon Pulse - Sat, 2023-06-10 08:07
Japanese electronics giant Panasonic will trial an internal carbon pricing system in fiscal 2024 that targets scope 3 emissions, it announced Friday.
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Speculators slash CCA length, producers favour current California vintage and buy RGAs

Carbon Pulse - Sat, 2023-06-10 07:51
Speculators significantly reduced their net holdings of California Carbon Allowances (CCAs) this week, while producers built length in the current vintage WCI contract and picked up RGGI Allowances (RGAs), data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
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UPDATE – Small size of first Washington carbon reserve sale sends allowance prices soaring

Carbon Pulse - Sat, 2023-06-10 07:41
Washington state will make only one-eighteenth of its Allowance Price Containment Reserve (APCR) permits available at the cost containment mechanism’s first sale in August, the Department of Ecology (ECY) announced Friday afternoon, sending secondary market prices soaring to the reserve's Tier 2 price.
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One EU member state adjusts free 2023 EUA allocation in past fortnight

Carbon Pulse - Sat, 2023-06-10 06:02
Just one EU member state made adjustments to its free allocation of 2023 ETS carbon permits over the past fortnight, according to data released late Friday.
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The Guardian view on broken Britain: it won’t be fixed with the status quo | Editorial

The Guardian - Sat, 2023-06-10 03:30

State-led public investment is needed to repair a decade of cuts. Labour should say so, not cleave to failed orthodoxies

The gap between the political narrative and life as experienced by the average voter is widening dramatically. The United Kingdom faces serious economic, environmental and social crises that will deepen without shifts in policy. Yet there is little sense of impending doom among the country’s politicians.

A decade of upheaval has produced not radical change, but a renewal of a failed consensus. This suits the Conservative party, which, after 13 years in power, offers the dead weight of bankrupt intellectual habits. However, Labour’s U-turn over one of its rare transformational policies, to spend £28bn a year from day one of being in office on green investment, leaves it looking pusillanimous and complacent about its poll lead.

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Ghana, South Korea negotiate bilateral carbon trade deal

Carbon Pulse - Sat, 2023-06-10 02:52
Ghana has opened talks with South Korea to negotiate a bilateral carbon trade deal, an official from the African nation said on Friday as the government continues to lead the field in leveraging the Article 6.2 mechanism of the Paris Agreement.
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RGGI Q2 auction maintains bearish trend with another sub-$13 clear

Carbon Pulse - Sat, 2023-06-10 01:08
The Q2 RGGI cap-and-trade auction cleared below $13 for the third consecutive allowance sale against broad market expectations as compliance participation waned, according to results published Friday.
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‘Nowhere is safe now’: wildfire smoke brings climate crisis home to Americans

The Guardian - Sat, 2023-06-10 00:00

With the Empire State Building and the Lincoln Memorial blotted out, the US is experiencing the climate catastrophe first-hand

The unnerving sight of New York City’s skies turning a dystopian orange from wildfire smoke is just the latest in a barrage of recent distress signals that life in the US is starting to fray under the relentless pressure of the climate crisis, experts have warned.

On Wednesday, New York held the dubious title of having the worst air quality in the world, with Detroit in second place, as plumes of smoke from hundreds of fires in Ontario and Quebec were carried south by a stiff breeze.

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Credits from wind power project downgraded after review by rating agency

Carbon Pulse - Sat, 2023-06-10 00:00
A rating agency has downgraded its score for credits from a wind power project in Brazil while a biomass project in the country has been placed on watch for review.
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Governmental climate credibility gap exposed as UN talks near halfway point with little to show

Carbon Pulse - Fri, 2023-06-09 23:06
Global progress on climate change continues to stutter as a key two-week UN summit reaches its halfway point with few signs of progress on Friday, as an academic analysis of national plans showed that almost none of the highly polluting countries have a credible trajectory towards net zero emissions.
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ANALYSIS: Climate finance alliance still has future despite exodus of insurance firms

Carbon Pulse - Fri, 2023-06-09 22:18
The Glasgow Financial Alliance for Net Zero (GFANZ) coalition still has an important role to assume in meeting international climate targets, experts have said, despite an exodus of insurance firms from one of its sub-groups that has led some to question the effectiveness of such industry initiatives.
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Labour doesn’t need to sabotage its green prosperity plan – just to cost it clearly | John McDonnell

The Guardian - Fri, 2023-06-09 22:11

The argument that markets will react badly to borrowing doesn’t wash – Rachel Reeves has to be open about using taxes

  • John McDonnell was shadow chancellor from 2015 to 2020

Today, Rachel Reeves announced that she is delaying plans to borrow £28bn a year for a green prosperity fund under a Labour government. There may be some influential people in the Labour party who never supported the plan in the first place – maybe because it looked so much like the 2019 manifesto. And now, perhaps as a result, we’re seeing any excuse being used to undermine it.

The argument being put forward is that the bond markets will react to Labour’s borrowing in the same way they responded to Liz Truss’s fantasy budget. This would make the necessary borrowing too expensive to deal with, and anyway, it’s impractical to spend on that scale in the early years of a government.

John McDonnell has been the Labour MP for Hayes and Harlington since 1997. He was shadow chancellor from 2015 to 2020

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2023-06-09 21:41
European carbon prices rose for a third day on Friday, taking direction from a relatively strong auction and wider sustained strength in energy markets to move above a key technical resistance level.
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