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Euro Market: Midday Update

Carbon Pulse - Tue, 2024-10-08 21:27
European carbon allowance prices came under renewed pressure on Tuesday morning amid continued gloomy macroeconomic and geopolitical sentiment, but found support above Monday's six-month low.
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INTERVIEW: Carbon capture and usage must work for refractory giant to preserve European business

Carbon Pulse - Tue, 2024-10-08 21:21
An industrial ceramics producer that is facing significant additional costs under the EU ETS if it doesn’t decarbonise fast enough views capturing carbon and converting it into useful products as vital to its continued business offering in Europe.
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Two UK carbon capture projects progress towards start-up by 2030

Carbon Pulse - Tue, 2024-10-08 20:29
Two bioenergy carbon capture and storage (BECCS) projects have passed the 'deliverability assessment' as part of the UK government's HyNet cluster expansion process, putting them on track to become operational by 2030, the developer announced on Tuesday.
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BNP Paribas, French NGO launch impact loan vehicle for coral reef conservation, target $35 mln

Carbon Pulse - Tue, 2024-10-08 20:12
A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.
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INTERVIEW: Europe’s net-zero agenda must get to grips with geopolitics

Carbon Pulse - Tue, 2024-10-08 19:53
Geopolitical risk must be put at the heart of government and business decisions for Europe to retain its climate leadership and succeed in bringing down emissions, a German climate, energy, and security expert told Carbon Pulse.
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'Godfather of AI' shares Nobel Physics Prize

BBC - Tue, 2024-10-08 19:52
Two scientists share the Nobel Prize for Physics for their work on machine learning.
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Singapore opens decarbonisation plans for comment ahead of NDC submission

Carbon Pulse - Tue, 2024-10-08 19:30
Singapore has opened its decarbonisation plans for public comment beginning Tuesday, as it begins work on its upcoming Nationally Determined Contribution (NDC), due in 2025.
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Fewer than 10 of these orchids remain in the wild. Victoria was about to burn them into extinction

The Guardian - Tue, 2024-10-08 17:51

Critically endangered flowers get stay of execution after local environmental group threatens legal action against Victorian government

A critically endangered orchid has received a late reprieve after a local environmental group threatened legal action against the Victorian government, prompting officials to cancel a planned burn of its habitat.

The bald-tip beard orchid – a species with fewer than 10 plants remaining in the Australian wild – was thought extinct until rediscovered in 1968 at a site near Whroo, in central Victoria, where the last surviving wild population has persisted.

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Taiwan plans to introduce domestic version of CBAM next year, minister says

Carbon Pulse - Tue, 2024-10-08 17:49
Taiwan is planning to introduce its own version of a carbon border adjustment mechanism (CBAM) as a supplementary measure to an upcoming carbon levy programme.
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Environment summit taking place in Sydney while greater glider habitat is logged is ‘bullshit’, advocates say

The Guardian - Tue, 2024-10-08 17:48

Harvesting in Bulga state forest, inland from Port Macquarie, is just 400km from global nature-positive summit the government is hosting

Forest campaigners have accused the federal government of hypocrisy for hosting a global nature-positive summit in Sydney while logging resumed in public forest 400km away in mid-north New South Wales.

The NSW Forestry Corporation has started its harvesting operations in Bulga state forest, inland from Port Macquarie. The area is a stronghold for threatened species including endangered koalas and the endangered greater glider – Australia’s largest gliding possum.

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Proposed nature metrics need to be more rigorous, global nature summit hears

Carbon Pulse - Tue, 2024-10-08 17:39
A proposed biodiversity measuring metric initiative needs to factor in the interplay of climate change and proposed actions, rather than simply focusing on observing changes, an expert told the Global Nature Positive Summit in Sydney Tuesday.
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UK may approve bee-killing pesticide despite election promise to ban it

The Guardian - Tue, 2024-10-08 17:37

Exclusive: Environment groups urge government to stick to its promises and refuse pesticide application

UK ministers are considering allowing the use of a bee-killing pesticide next year despite promising during the election to ban it.

Neonicotinoids are banned in the EU because they are toxic to bees, but have been authorised for use every year in the UK since 2021.

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Vietnam rules out int’l sales of pilot ETS carbon units

Carbon Pulse - Tue, 2024-10-08 17:16
Vietnam won’t allow the sales of any carbon units from its emissions trading scheme until after the pilot phase ends in 2028, local media reported Tuesday, citing the deputy prime minister.
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BHP, Indian steel giant sign MoU for new ways to make commodity more cleanly

Carbon Pulse - Tue, 2024-10-08 16:17
The world’s largest miner, BHP, is partnering with a steelmaker to start addressing its iron ore Scope 3 emissions, it announced Tuesday. 
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Water companies must return £158m over poor performance

BBC - Tue, 2024-10-08 16:02
Ofwat reviews water companies against metrics including pollution, customer service and leakage.
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700 million plastic bottles: we worked out how much microplastic is in Queensland’s Moreton Bay

The Conversation - Tue, 2024-10-08 15:30
How much microplastic does a city produce? To find out, we looked at Brisbane’s Moreton Bay, where microplastics build up without being washed away Elvis Okoffo, PhD candidate in Environmental Science, The University of Queensland Alistair Grinham, Honorary Associate Professor in Civil Engineering, The University of Queensland Ben Tscharke, Research fellow, Analytical Chemistry, The University of Queensland Helen Bostock, Associate Professor in Marine Geology, The University of Queensland Kevin Thomas, Professor of Environmental Health, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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Australia will protect a vast swathe of the Southern Ocean, but squanders the chance to show global leadership

The Conversation - Tue, 2024-10-08 15:23
Protections for the Heard and McDonald islands, one of Australia’s wildest and most remote areas, don’t go far enough Andrew J Constable, Adviser, Antarctica and Marine Systems, Science & Policy, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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My pilgrimage to the vanishing Sphinx snow patch

BBC - Tue, 2024-10-08 15:16
The Sphinx, a patch of snow thought to be the longest-lasting in the UK, has melted for the fourth consecutive year.
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Britons urged to dig out unwanted electricals to tackle copper shortage

The Guardian - Tue, 2024-10-08 15:01

Items such as cables and old tech could contain £266m worth of metal vital for decarbonisation drive, study finds

Scientists have called for people to go “urban mining” after a study revealed that old cables, phone chargers and other unused electrical goods thrown away or stored in cupboards or drawers could stave off a looming shortage of copper.

The research found that in the UK there are approximately 823m unused or broken tech items hiding in “drawers of doom” containing as much as 38,449 tonnes of copper – including 627m cables – enough to provide 30% of the copper needed for the UK’s planned transition to a decarbonised electricity grid by 2030.

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