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Chubb’s big challenge is to restore confidence in Australia’s tainted carbon markets

RenewEconomy - Fri, 2022-07-01 12:47

Former Chief scientist of Australia Ian Chubb speaks during an address to the National Press Club in Canberra, (AAP Image/Lukas Coch)Labor taps former chief scientist Ian Chubb with the task of restoring confidence in Australia's troubled carbon offsets regime.

The post Chubb’s big challenge is to restore confidence in Australia’s tainted carbon markets appeared first on RenewEconomy.

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US Supreme Court curtails EPA’s power to regulate carbon pollution

RenewEconomy - Fri, 2022-07-01 12:45

Ruling by activist court doesn’t take away the EPA’s power to regulate carbon emissions from power plants, but it makes federal action much harder.

The post US Supreme Court curtails EPA’s power to regulate carbon pollution appeared first on RenewEconomy.

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Plastic Free July: recycling is the ambulance at the bottom of the cliff. It's time to teach kids to demand real change from the worst plastic producers

The Conversation - Fri, 2022-07-01 12:17
This Plastic Free July, we need to be teaching children to demand less plastic from the world’s worst producers instead of expecting change from individual recycling efforts. Sara Tolbert, Associate Professor of Science and Environmental Education, University of Canterbury Licensed as Creative Commons – attribution, no derivatives.
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Costs for new build wind and solar have jumped, but nothing like those of fossil fuels

RenewEconomy - Fri, 2022-07-01 12:06

BNEF reports temporary cost rises for renewables, driven by increased cost of materials, freight, fuel and labor. But solar and wind are still way cheaper than coal and gas.

The post Costs for new build wind and solar have jumped, but nothing like those of fossil fuels appeared first on RenewEconomy.

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Green steelmaking needs urgent advances in technology and mining

RenewEconomy - Fri, 2022-07-01 12:04

 Canva).Technology to cut steelmaking emissions is in the early stages, but such transitions can accelerate, as shown by wind and solar.

The post Green steelmaking needs urgent advances in technology and mining appeared first on RenewEconomy.

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IEA data exposes “technology not taxes” myth of former Morrison government

RenewEconomy - Fri, 2022-07-01 10:13

Public funding of energy research collapsed under the Coalition, with more funds spent on fossil fuel technologies than renewables, IEA data shows.

The post IEA data exposes “technology not taxes” myth of former Morrison government appeared first on RenewEconomy.

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“Cost difference is staggering:” Why AEMO roadmap falls short of 100% renewables

RenewEconomy - Fri, 2022-07-01 10:13

AEMO's main roadmap shows Australia's main grid getting close, but not quite, to 100 per cent renewables over a year. Here's why.

The post “Cost difference is staggering:” Why AEMO roadmap falls short of 100% renewables appeared first on RenewEconomy.

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Australia announces independent review of offset framework

Carbon Pulse - Fri, 2022-07-01 09:36
Australia on Friday announced an independent panel will carry out a review of the integrity of its domestic carbon offset methodologies and the governance of the scheme, after a raft of criticism has threatened to undermine confidence in the programme.
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Fuel-poor homes face taking £250 energy hit due to poor insulation

The Guardian - Fri, 2022-07-01 09:01

Better insulation would save large sums for millions struggling with the cost of living, finds LGA report

People in “fuel-poor” households in England are facing annual bills about £250 higher than need be because of their poorly insulated homes, according to Local Government Association (LGA) research.

The LGA has identified about 3 million households where better insulation would save large sums for people struggling with the rising cost of living. About £770m is wasted each year trying to heat these leaky homes, according to analysis for the LGA by WPI Economics.

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NA Markets: CCAs spring to life at end of quarter, RGGI prices calm above churn   

Carbon Pulse - Fri, 2022-07-01 08:45
California Carbon Allowance (CCA) prices surged towards the end of the week as the end of the quarter approached, while RGGI Allowances (RGAs) continued to hold steady as Pennsylvania appeared set to enter the power sector carbon market.  
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WCI jurisdictions unveil accounting mechanism to track compliance instrument transfers

Carbon Pulse - Fri, 2022-07-01 08:17
California and Quebec on Thursday presented an accounting mechanism to help account for cross-border allowance and offset transfers under the WCI-linked carbon market and prevent double counting.
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Fewer California-registered WCI speculative accounts opened in Q2

Carbon Pulse - Fri, 2022-07-01 07:56
The number of California-registered carbon market accounts slowed during the second quarter of the year, according to state data published Thursday, as this coincided with a stagnation in allowance prices in the WCI programme.
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Supreme Court limits Biden's power to cut emissions

BBC - Fri, 2022-07-01 07:25
The landmark ruling curbs federal power to limit greenhouse gas emissions in a setback for President Biden.
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Verra opens consultation on offset labelling ahead of IC-VCM principles

Carbon Pulse - Fri, 2022-07-01 07:02
Offset standard manager and developer Verra on Thursday proposed four new carbon crediting labels to meet the Integrity Council for Voluntary Carbon Markets' (IC-VCM) Core Carbon Principles due out later this year, including on project type, removals, and Paris Agreement compatibility.
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EEX changing EU carbon contract ISINs to improve trade reporting

Carbon Pulse - Fri, 2022-07-01 06:17
European energy exchange EEX is changing the International Securities Identification Numbers (ISINs) of its spot EU emissions allowance contracts following a joint request from the European Securities Markets Authority (ESMA) and the European Commission.
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We blew the whistle on Australia's central climate policy. Here's what a new federal government probe must fix

The Conversation - Fri, 2022-07-01 05:49
Labor has promised a 43% cut in Australia’s emissions by 2030 and a high-integrity carbon credit market is vital to reaching this goal. Andrew Macintosh, Professor and Director of Research, ANU Law School, Australian National University Don Butler, Professor, Australian National University Megan C Evans, Senior Lecturer and ARC DECRA Fellow, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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The US supreme court just made yet another devastating decision for humanity | Peter Kalmus

The Guardian - Fri, 2022-07-01 05:25

The EPA ruling means it may now be mathematically impossible through available avenues for the US to achieve its greenhouse gas emissions goal

The US supreme court’s overturning of Roe v Wade was a direct attack on women. It will result in countless deaths, especially among vulnerable women, and it set civil liberties in the United States back by half a century. Now, the court has made yet another devastating decision for humanity.

In a 6-3 decision, the openly partisan and undemocratic court ruled in favor of a lawsuit brought by fossil-fuel-producing states against the Environmental Protection Agency (EPA). The decision strips power from regulatory agencies and advances the Republican goal to end government oversight. In particular, it eliminates one of the only remaining avenues for systemic federal climate action: using the Clean Air Act to phase out fossil fuel power plants. As a result, it may now be mathematically impossible through available avenues for the US to achieve its goal of halving greenhouse gas emissions by 2030, which is anyway feeling dangerously unambitious in light of recent climate disasters.

Peter Kalmus is a climate scientist and author of Being the Change: Live Well and Spark a Climate Revolution

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UK launches tender for platform to host carbon emission auctions

Carbon Pulse - Fri, 2022-07-01 05:21
The UK government has launched a tender to select a platform to host auctions for UK emissions trading allowances (UKAs), with a decision expected to be taken in the coming months ahead of the first auction at the start of next year.
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VCM should brace for mass changes on carbon credit credibility -experts

Carbon Pulse - Fri, 2022-07-01 05:20
Experts at Sylvera’s carbon market summit on Thursday said that huge changes are coming to the voluntary carbon market (VCM) over the coming months as private and public initiatives shore up guidance to address credibility concerns.
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EU ministers seek automatic EU ETS supply injection to curb price spikes

Carbon Pulse - Fri, 2022-07-01 05:05
EU environment ministers want an automatic EUA supply injection to prevent excessive price fluctuations in the bloc’s carbon market, according to a document published on Thursday that suggests legislators are all-but certain to agree to beef-up the market's Article 29a mechanism.
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