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Enel EU ETS-covered generation dips 5% in Q1, IEA urges Italy to speed up for EU targets

Carbon Pulse - Thu, 2023-05-04 03:07
Generation covered by the EU's carbon market across Italian utility Enel's power plants fell 5% year-on-year during the first quarter of 2023 as hydro output rebounded after extreme lows seen in 2022, while the IEA separately warned in an analysis that Italy must accelerate its renewables expansion to meet more ambitious climate targets.
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US private equity firm seeks to raise $500 mln for new forestry, agriculture fund with carbon optionality

Carbon Pulse - Thu, 2023-05-04 03:00
A US private equity investment manager announced on Wednesday the launch of a natural resources fund investing in global forestry and agriculture assets combined with carbon sequestration.
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Long-time carbon trader leaves Canadian bank for US-based fund

Carbon Pulse - Thu, 2023-05-04 02:23
A Toronto-based trader has parted ways with one of Canada’s largest financial institutions after spending more than a decade transacting products in European and North American compliance and voluntary carbon markets, Carbon Pulse has learned.
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Scotland's wildcat on brink of extinction - research

BBC - Thu, 2023-05-04 02:10
NatureScot warned there are likely too few pure-bred Scottish wildcats for the population to be viable.
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French oil giant TotalEnergies sues Greenpeace over emissions report

The Guardian - Thu, 2023-05-04 01:44

Green group accused company of emitting more than it disclosed but TotalEnergies says report used dubious methodologies

The French oil major TotalEnergies has sued the environmental group Greenpeace France and the climate consulting firm Factor-X over a report claiming that the company massively underestimated its 2019 greenhouse gas emissions, Total said on Wednesday.

The civil complaint, served on 28 April, seeks a ruling that the November publication contains “false and misleading information”, a judicial order to withdraw the publication and cease all references to it under penalty of €2,000 (£1,760) a day in fines, plus a symbolic €1 in damages.

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Indian renewable company secures extra $250 mln from global investment firm

Carbon Pulse - Thu, 2023-05-04 01:36
A start-up decarbonisation platform has secured $250 million of additional financing from a global investment firm after the company won long-term contracts to deliver round-the-clock green energy to industries in India.
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An ill wind blows: the unfair distribution of Australia’s air pollution hotspots

The Guardian - Thu, 2023-05-04 01:00

Analysis shows disadvantaged people are hit harder by the effects of airborne particulates, compounding existing inequalities

Kerry-Ann Weirick’s asthma took a turn for the worse when she moved to the western Sydney suburb of St Marys.

“I was going to hospital two or three times a year with really bad breathing problems,” she says.

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Communication is key – four ways carbon projects can better engage with Indigenous people

Carbon Pulse - Thu, 2023-05-04 00:51
Developers need to embed Indigenous leadership into projects in a way that is not fundamentally disempowering, and for this there must be lasting, genuine interactions between project developers and people on the ground, writes Isack Bryson of Carbon Tanzania.
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Wind industry begins recycling drive to stop 599 ageing turbines going to landfill

RenewEconomy - Thu, 2023-05-04 00:01

Australia is looking to solve a major landfill problem as a quarter of the country's farms approach the end of their design life.

The post Wind industry begins recycling drive to stop 599 ageing turbines going to landfill appeared first on RenewEconomy.

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Euro Markets: Midday Update

Carbon Pulse - Wed, 2023-05-03 23:31
European carbon prices gave up all the gains they made over the previous session early on Wednesday as market sentiment relaxed after the European Commission announced there would be no further EUA volumes added to market supply this year, as energy prices also crumbled amid wider risk-off sentiment.
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A year after “climate election”, Australian fossil fuel subsidies hit record $57 billion

RenewEconomy - Wed, 2023-05-03 22:30

New report says fossil fuel subsidies to hit record $57 billion, just a year after so-called "climate election".

The post A year after “climate election”, Australian fossil fuel subsidies hit record $57 billion appeared first on RenewEconomy.

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Former Shell VP joins carbon capture firm

Carbon Pulse - Wed, 2023-05-03 22:00
The former Vice President of Energy Transition for Shell USA is joining an Illinois-based carbon capture company as Executive Vice President of Growth and Strategic Projects, the company said in a press release Wednesday.
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UN warns heat records could be broken as chance of El Niño rises

The Guardian - Wed, 2023-05-03 21:11

There is estimated 60% chance event will develop by end of July, and 80% chance of it by end of September

The chance of an El Niño weather phenomenon developing in the coming months has risen, the United Nations has said, warning that it could fuel higher global temperatures and possibly new heat records.

The UN’s World Meteorological Organization (WMO) said on Wednesday that it now estimated there was a 60% chance that El Niño would develop by the end of July, and an 80% chance it would do so by the end of September.

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I tried to properly recycle a disposable vape. It did not go well | Emma Snaith

The Guardian - Wed, 2023-05-03 21:00

Single-use e-cigarettes send tonnes of valuable lithium to landfill in the UK. Why not ban them, as Australia did?

Take a walk down any busy street, and you’re bound to find dozens of candy-coloured plastic cylinders littering the ground. Millions of these disposable vapes are now thrown away every month in the UK. And hidden inside each one is a lithium battery – made of a material crucial for the transition to renewables.

Last month, I found myself buying an Elf Bar disposable vape on a night out. I try not to make a habit of vaping, but it feels far too easy to pick one up when they’re eyecatchingly displayed right next to the chewing gum in every corner shop. For weeks, the vape lay next to my bin. I knew I had to recycle it, but how do you actually go about doing that? I soon found myself falling down a blueberry smoke-filled rabbit hole.

Emma Snaith is deputy audience editor at the Guardian.

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Vitol partners with Danish tech firm ZeroNorth to decarbonise, optimise maritime operations

Carbon Pulse - Wed, 2023-05-03 20:54
Commodities trading firm Vitol has entered into a strategic partnership with Danish tech company ZeroNorth, through with the partners will share access to maritime optimisation and emissions reduction services.
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Study quantifies high reputational risk to public firms in nature-threatening activities

Carbon Pulse - Wed, 2023-05-03 20:51
A report published Wednesday has quantified the different reputational risk levels facing firms which undertake extractive projects close to environmentally-sensitive sites, finding that publicly-listed companies are 77% more likely to see damage to their business than those that are private.
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EU steel group says “worst” is over but demand outlook remains weak

Carbon Pulse - Wed, 2023-05-03 20:37
A Brussels-based steel association has suggested that the "worst" impacts on the sector of the energy and inflation crisis is now "behind" the region but that 2023 demand for steel will be lower year-on-year, according to a release on Wednesday.
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Australia Market Roundup: Northern Territory government greenlights fracking, ACCU price inches up

Carbon Pulse - Wed, 2023-05-03 20:02
The Northern Territory government will allow the expansion fracking in the Beetaloo Basin, after the government announced it was satisfied the recommendations of an independent inquiry into the practice had been met.
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CF ASIA: Lack of policy clarity seen to hamper nature-based project development in Asia

Carbon Pulse - Wed, 2023-05-03 19:23
A lack of policy and regulatory clarity surrounding the nature-based carbon market is making it difficult for project developers to make investment decisions, just as the fledgling biodiversity market is emerging as a potential rival, panellists told a conference on Wednesday.
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Common US consumer products release toxic compounds, new research shows

The Guardian - Wed, 2023-05-03 19:00

Dangerous chemicals that can cause cancer and air pollution are often found in cosmetics, personal care products and cleaners

Some of the most common consumer products probably release 5,000 tons of volatile organic compounds (VOCs) in American homes annually, new research on the dangerous class of chemicals finds.

The research, which analyzed ingredient lists across dozens of product categories, found the most concerning levels in general purpose cleaners, art supplies and laundry detergents, while the individual product that emitted the most VOCs was mothballs.

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