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Woodside sued over Scarborough gas plans, as fears raised over spill risk

RenewEconomy - Wed, 2022-06-22 00:01

Oil and gas giant Woodside is being taken to court by environment groups, seeking to halt the development of the Scarborough gas project.

The post Woodside sued over Scarborough gas plans, as fears raised over spill risk appeared first on RenewEconomy.

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Canadian carbon credit companies ink $20m deal to scale up domestic ‘grouped’ projects

Carbon Pulse - Tue, 2022-06-21 23:45
Two Canadian-based offset companies have partnered to scale up a series of domestic ‘grouped’ decarbonisation projects.
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Asian steel set to forge ahead with blast furnaces as EU wobbles over border protection

Carbon Pulse - Tue, 2022-06-21 22:38
The steel industry in China and India is set to shun the move away from blast furnaces to less polluting electric arc furnaces (EAF), while the global industry has ignored the impact of metallurgical coal mining from its carbon accounting, according to a report published on Tuesday.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2022-06-21 22:02
Trade in the EU ETS was quieter than usual on Tuesday with numerous participants attending an industry event, while prices advanced ahead of the expiry of the June options contract on Wednesday.
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First WTO deal on fishing subsidies hailed as historic despite ‘big holes’

The Guardian - Tue, 2022-06-21 21:58

Environment groups welcome long-awaited deal to curb harmful subsidies but say key measures to curb overfishing were dropped

After 20 years of failed negotiations, the World Trade Organization has secured a deal to curb harmful subsidies that contribute to overfishing. Conservationists and campaign groups welcomed last week’s agreement as historic, despite criticism of “big holes” in the agreement.

The deal was the first concluded in Geneva for all 164 member states of the WTO with “environmental sustainability” at its core, the organisation’s director general, Ngozi Okonjo-Iweala, said in her closing speech.

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Airline group calls for net zero incentives, SAF uptake costs can be managed with policy support -report

Carbon Pulse - Tue, 2022-06-21 21:23
Aviation industry group IATA urged governments to adopt an aspirational net zero emissions goal with a diminishing role for offsets, as a report has found that a growing market share for Sustainable Aviation Fuel (SAF) can be achieved with manageable costs to industry provided there is policy support.
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Cities are banning new gas stations. More should join them | Nathan Taft

The Guardian - Tue, 2022-06-21 20:22

Gas stations are environmental liabilities and hugely expensive to remediate. Electric cars are making gas stations obsolete

Whether or not we’ve all realized it, the era of gasoline-powered cars is rapidly winding to a close – and with it, gas stations and the pollution they bring to communities.

People are tired of being forced to pay obscene amounts of money for fuel every time there’s an international incident. Meanwhile, the cost of battery tech is just 10% of what it was a decade ago, and is expected to continue dropping as the decade wears on. And just this month the Biden administration announced its plan for making EV charging stations accessible across the US.

Nathan Taft is the digital and communications lead for Stand.earth’s Safe Cities initiative

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Salmon firm’s plan to fly fish in its own Boeing 757 alarms campaigners

The Guardian - Tue, 2022-06-21 20:00

Faroese firm Bakkafrost claims direct flights to US will cut carbon but critics say air transport is not the answer

A salmon farming company has bought a Boeing 757 in a race to get its fresh fish on to the plates of diners in Manhattan in less than 24 hours.

The Faroese firm Bakkafrost, which also owns the Scottish Salmon Company, argues it can cut its carbon footprint by flying its own jet across the Atlantic and minimise waste by getting its fish to its US customers faster.

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Montreal to host delayed Cop15 summit to halt ‘alarming’ global biodiversity loss

The Guardian - Tue, 2022-06-21 19:55

Experts warn ambitious targets for nature must be agreed at UN meeting, moved from China to Canada after two-year wait

The date for a key UN nature summit has finally been confirmed after more than two years of delays and amid fears momentum to halt biodiversity loss across the globe has been lost.

Ahead of the latest round of negotiations in Nairobi this week, the UN convention on biological diversity confirmed that the Cop15 biodiversity conference will now take place in Montreal, Canada, from 5 to 17 December, after it became clear China would not be able to host the event in Kunming due to the country’s zero-Covid policy.

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Indonesia’s Pertamina signs HoA to develop domestic carbon offset projects

Carbon Pulse - Tue, 2022-06-21 19:20
Indonesia’s state-owned energy company Pertamina has signed an agreement with a local carbon project developer to pursue nine domestic carbon offset projects which could deliver almost 12 MtCO2e/year, it claims.
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La Niña has ended but there’s a 50-50 chance another will form by the Australian summer

The Guardian - Tue, 2022-06-21 19:16

Bureau of Meteorology says winter will be wetter than average and a rare three-in-a-row La Niña is still on the cards

The Australian Bureau of Meteorology has announced an end to the 2021-22 La Niña in the tropical Pacific – but it could return with the BoM changing its status to “watch”.

La Niña, which involves warming ocean temperatures in the western Pacific, typically delivers increased rainfall across much of Australia along with cooler daytime temperatures south of the tropics and warmer night-time temperatures in the north.

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Major Chinese forestry firm seals carbon market partnership

Carbon Pulse - Tue, 2022-06-21 19:16
One of China’s biggest logging companies has teamed up with a local trading firm to form a carbon market partnership that includes a platform for transacting forestry-based offsets.
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COP15: UN biodiversity summit moved from China to Canada

BBC - Tue, 2022-06-21 18:17
The summit had been repeatedly postponed due to the Covid situation in China
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Australia Market Roundup: Large batch of ACCUs delivered to government, biomethane consultation launched  

Carbon Pulse - Tue, 2022-06-21 17:07
Offset project owners have delivered over half a million new Australian Carbon Credit Units (ACCUs) to the Emission Reduction Fund despite the option to exit their contracts, according to Clean Energy Regulator data, while the government seeks feedback on its biomethane methodology draft.
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Hardly anyone supports the ESB’s capacity market. So why is it still on the table?

RenewEconomy - Tue, 2022-06-21 15:33

The ESB's proposed capacity mechanism has very few supporters, even among the main generator lobby group. So why hasn't it been ditched for cheaper, smarter alternatives?

The post Hardly anyone supports the ESB’s capacity market. So why is it still on the table? appeared first on RenewEconomy.

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Queensland to lift taxes on coal producers in budget light on clean energy funding

RenewEconomy - Tue, 2022-06-21 15:09

Queensland state government budget coal royaltiesQueensland will increase royalties imposed on coal producers for the first time in a decade, but offered little by way of new clean energy funding.

The post Queensland to lift taxes on coal producers in budget light on clean energy funding appeared first on RenewEconomy.

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Young people go to European court to stop treaty that aids fossil fuel investors

The Guardian - Tue, 2022-06-21 15:00

Five claimants aged 17-31 want their governments to exit the energy charter treaty, which compensates oil and gas firms

Young victims of the climate crisis will on Tuesday launch legal action at Europe’s top human rights court against an energy treaty that protects fossil fuel investors.

Five people, aged between 17 and 31, who have experienced devastating floods, forest fires and hurricanes are bringing a case to the European court of human rights, where they will argue that their governments’ membership of the little-known energy charter treaty (ECT) is a dangerous obstacle to action on the climate crisis. It is the first time that the Strasbourg court will be asked to consider the treaty, a secretive investor court system that enables fossil fuel companies to sue governments for lost profits.

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Kean goes deep green with budget that links climate action with future prosperity

RenewEconomy - Tue, 2022-06-21 14:56

NSW Treasurer Matt Kean hands down the 2022-2023 NSW State Budget in the Legislative Assembly at NSW Parliament House in Sydney (AAP Image/Dean Lewins)With his first state budget, NSW treasurer Matt Kean shows green energy technologies and future prosperity will go hand-in-hand.

The post Kean goes deep green with budget that links climate action with future prosperity appeared first on RenewEconomy.

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ESB’s capacity market proposal could cost billions, more than the carbon price

RenewEconomy - Tue, 2022-06-21 14:31

The ESB has looked at only one side of the capacity question. If energy ministers do not support its proposals, then the ESB should be wound up.

The post ESB’s capacity market proposal could cost billions, more than the carbon price appeared first on RenewEconomy.

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Why including coal in a new ‘capacity mechanism’ will make Australia's energy crisis worse

The Conversation - Tue, 2022-06-21 13:07
Paying coal-fired power stations to stay open means consumers will be picking up the cost when they ultimately fail. Tim Nelson, Associate Professor of Economics, Griffith University Joel Gilmore, Associate Professor, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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