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California watchdog to ‘more pointedly’ call out allowance glut, suspect offsets

Carbon Pulse - Wed, 2021-12-01 08:26
A California independent advisory committee laid out options on Tuesday for how the state’s cap-and-trade programme could better align with climate targets while highlighting issues such as carbon border measures and the spike of non-compliance trading, as it debated its annual recommendations.
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Quinbrook acquires UK-based AI battery trading platform with eye on net zero grids

RenewEconomy - Wed, 2021-12-01 07:05

wind farm new recordQuinbrook buys UK based specialist in AI battery trading platforms that help deal with "velocity and complexity" of net zero power systems.

The post Quinbrook acquires UK-based AI battery trading platform with eye on net zero grids appeared first on RenewEconomy.

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South Australia grid just one step away from operating with wind and solar only

RenewEconomy - Wed, 2021-12-01 06:45

South Australia grid just one step away from becoming first gigawatt scale grid in world operating with wind and solar generation only and no fossil fuels.

The post South Australia grid just one step away from operating with wind and solar only appeared first on RenewEconomy.

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UK industrial innovation funding shows modest signs of driving abatement

Carbon Pulse - Wed, 2021-12-01 06:36
A UK government fund to award clean industry innovation could have a modest impact in driving down emissions in ETS-covered sectors if all companies adopted the technologies, programme data results released on Tuesday suggested.
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More than 200 Australian birds are now threatened with extinction – and climate change is the biggest danger

The Conversation - Wed, 2021-12-01 05:10
Without changes, many birds will continue to decline or be lost altogether. But when conservation action is well resourced and implemented, we can turn the trend around. Stephen Garnett, Professor of Conservation and Sustainable Livelihoods, Charles Darwin University Barry Baker, University associate, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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Breathtaking wilderness in the heart of coal country: after a 90-year campaign, Gardens of Stone is finally protected

The Conversation - Wed, 2021-12-01 05:09
This is no simple story, but one of a generational mining community on the brink of social change and an often thankless, hard-won battle for ecological recognition in the heart of coal country. Hannah Della Bosca, PhD Candidate and Research Assistant at Sydney Environment Institute, University of Sydney Licensed as Creative Commons – attribution, no derivatives.
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UK ETS regulator to announce intervention decision within 2 weeks after cost containment triggered

Carbon Pulse - Wed, 2021-12-01 04:41
The UK ETS Authority will announce by Dec. 14 how it will respond to a three-month rise in UK Allowance prices that has taken the market above the threshold for possible intervention, the regulator said late Tuesday.
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Think-tank boss appointed to Germany’s economy and climate ‘super-ministry’

Carbon Pulse - Wed, 2021-12-01 04:33
The incoming German coalition government on Tuesday appointed the head of environmental think-tank Agora Energiewende as the top official in the new administration's beefed-up economy and climate ministry.
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Brussels aims to target foreign producers in methane-cutting efforts

Carbon Pulse - Wed, 2021-12-01 04:25
The EU should focus on cutting methane emissions from foreign energy producers while improving monitoring of its own relatively smaller output, EU sources said on Tuesday, outlining the bloc's upcoming plans to help meet the aims of the recently adopted Global Methane Pledge.
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PREVIEW: Traders unsure whether Q4 RGGI auction will unleash excess volume

Carbon Pulse - Wed, 2021-12-01 03:35
The quarterly RGGI auction on Wednesday is set to clear at a new peak after allowance prices soared this fall, though a retracement following a surprising WCI sale result last week has left traders with mixed thoughts on whether bids will be high enough to trigger the programme’s Cost Containment Reserve.
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Mythic white sperm whale captured on film near Jamaica

The Guardian - Wed, 2021-12-01 02:53

Type of whale immortalised in Moby-Dick has only been spotted handful of times this century

It is the most mythic animal in the ocean: a white sperm whale, filmed on Monday by Leo van Toly, watching from a Dutch merchant ship off Jamaica. Moving gracefully, outrageously pale against the blue waters of the Caribbean, for any fans of Moby-Dick, Herman Melville’s book of 1851, this vision is a CGI animation come to life.

Sperm whales are generally grey, black or even brown in appearance. Hal Whitehead, an expert on the species, told the Guardian: “I don’t think I’ve ever seen a fully white sperm whale. I have seen ones with quite a lot of white on them, usually in patches on and near the belly.”

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UPDATE – Undersubscribed Nova Scotia carbon auction clears at floor, C$15 below previous sale

Carbon Pulse - Wed, 2021-12-01 02:51
Nova Scotia’s fourth cap-and-trade auction cleared failed to sell out and cleared at the scheme's price floor, the provincial government announced Tuesday.
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Ofwat concerned by financial health of three UK water firms

The Guardian - Wed, 2021-12-01 02:48

Alert over Southern, Yorkshire and SES Water amid concerns over pollution and flooding in sector

The water regulator has raised a red flag over the financial health of three of Britain’s biggest water companies as concern grows over the industry’s poor record on tackling flooding, leaks and pollution.

Ofwat called out Southern Water, Yorkshire Water and SES Water for “weak levels of financial resilience” and levels of customer service which lag behind the rest of the industry.

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Dormouse bridge across railway line could help save endangered species

The Guardian - Wed, 2021-12-01 02:20

Tiny bridge in Lancashire will connect two wild populations of the tree-dwelling hazel dormouse

Measuring 12 metres long and just 30cm wide, it’s a bridge of miniature proportions.

But it is hoped that the square metal tube – set to become the first “dormouse bridge” across a UK railway – could help to save Britain’s endangered wild hazel dormouse population from extinction.

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UN aviation body rejects all three applicants to provide CORSIA offset credits

Carbon Pulse - Wed, 2021-12-01 02:10
UN aviation body ICAO’s Council has rejected all three of this year’s applications for eligibility under its CORSIA carbon offsetting scheme, failing to add the land-based initiatives to the seven programmes approved to date to provide airlines with a supply of carbon credits.
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Rain to replace snow in the Arctic as climate heats, study finds

The Guardian - Wed, 2021-12-01 02:00

Climate models show switch will happen decades faster than previously thought, with ‘profound’ implications

Rain will replace snow as the Arctic’s most common precipitation as the climate crisis heats up the planet’s northern ice cap, according to research.

Today, more snow falls in the Arctic than rain. But this will reverse, the study suggests, with all the region’s land and almost all its seas receiving more rain than snow before the end of the century if the world warms by 3C. Pledges made by nations at the recent Cop26 summit could keep the temperature rise to a still disastrous 2.4C, but only if these promises are met.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2021-11-30 23:04
EU carbon prices were firmer in early Tuesday trading as fundamental factors supported the market and energy prices continued to forge higher.
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ICE to launch index-based carbon futures as UK permits make their debut

Carbon Pulse - Tue, 2021-11-30 23:00
ICE is set to revamp its carbon price index to include UK emissions allowances, and will offer a new futures contract to track it.
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A powerful and underappreciated ally in the climate crisis? Fungi | Toby Kiers and Merlin Sheldrake

The Guardian - Tue, 2021-11-30 21:35

Mycorrhizal fungal networks are a major global carbon sink. When we destroy them, we sabotage our efforts to limit global heating

If we want to tackle the climate crisis, we need to address a global blindspot: the vast underground fungal networks that sequester carbon and sustain much of life on Earth.

Fungi are largely invisible ecosystem engineers. Most live as branching, fusing networks of tubular cells known as mycelium. Globally, the total length of fungal mycelium in the top 10cm of soil is more than 450 quadrillion km: about half the width of our galaxy. These symbiotic networks comprise an ancient life-support system that easily qualifies as one of the wonders of the living world.

Toby Kiers is professor of evolutionary biology at Vrije Universiteit Amsterdam and co-founder of the Society for the Protection of Underground Networks (Spun)

Merlin Sheldrake is a biologist and the author of Entangled Life: How Fungi Make Our Worlds, Change Our Minds, and Shape Our Futures

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China’s Sinopec starts construction of 300 MW green hydrogen project

Carbon Pulse - Tue, 2021-11-30 20:03
Sinopec, China’s state-controlled oil refining, gas, and petrochemical giant, has begun construction of a green hydrogen facility in Xinjiang, the company said on Tuesday.
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