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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-09-23 22:25
European carbon prices strengthened on Monday as they built on Friday's recovery, taking cues once again from a stronger TTF gas market, though analysts continued to point to technical indicators that could see prices break to the downside.
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California-based VC firm closes $10-mln fund to support climate-tech startups

Carbon Pulse - Mon, 2024-09-23 22:21
A California-based venture capital firm focusing on climate technology has announced the closure of a $10-million decarbonisation fund that supports startups.
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Six water firms in England ‘overcharged customers by up to £1.5bn’

The Guardian - Mon, 2024-09-23 22:05

Firms underreported true scale of sewage pollution for 10 years, which allowed them to set higher bills, tribunal told

Six water companies overcharged customers between £800m and £1.5bn by “significantly or systematically” underreporting the true scale of their sewage pollution of rivers and waterways, a tribunal has heard.

In the first environmental competition class action against water companies in England, lawyers argued that the privatised firms had abused their monopoly position to mislead regulators over the amount of sewage they were discharging from their assets over the past 10 years.

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Temporary ‘off-ramps’ could assist countries on decarbonisation journey -academics

Carbon Pulse - Mon, 2024-09-23 21:48
Temporary mitigation “off-ramps" could help countries manage the significant challenges associated with the rapid decarbonisation experts say is needed to meet global net zero emissions targets.
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Waste giant says emissions cuts on track for 1.5C-aligned climate target

Carbon Pulse - Mon, 2024-09-23 21:32
One of Australia’s largest waste and landfill gas producers is on track to meet climate targets that it says fully align with a Paris 1.5C scenario.
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Create ‘positive tipping points’ with climate mandates, governments urged

The Guardian - Mon, 2024-09-23 20:26

Requiring key sectors to switch to clean energy sources could trigger benevolent cascades, report claims

In the terminology of the climate and ecological crises the phrase “tipping point” is loaded with dreadful implications.

It evokes a climate breakdown supercharged by the mass escape of methane locked in Siberian permafrost, or the great currents of the oceans smothered by freshwater melting from the Greenland ice sheet, or the Amazon turning from great rainforest to parched savannah after the felling of one too many trees.

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Nature SDGs urgently need addressing, report says

Carbon Pulse - Mon, 2024-09-23 20:24
International efforts to meet the UN’s nature-focused Sustainable Development Goals (SDGs) on life below water and on land are falling far short of their 2030 targets, according to a report released on Monday.
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Swiss voters reject plan to boost biodiversity conservation

Carbon Pulse - Mon, 2024-09-23 19:58
Voters in Switzerland rejected on Sunday a proposal to enhance nature protection in the country, with opponents claiming the reform would be too costly and jeopardise business development.
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New French minister pledges to continue fight for energy sovereignty

Carbon Pulse - Mon, 2024-09-23 19:05
Antoine Armand, the new French economy and finance minister, pledged to continue fighting for the country’s energy sovereignty, saying “the major challenge of our century is the climate emergency”, as EU acquaintance Agnes Pannier-Runacher makes a comeback as the country’s climate and energy minister.
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Taiwan sports good blue carbon potential, but more local datasets required, study says

Carbon Pulse - Mon, 2024-09-23 18:42
Marine-based carbon sinks have a great potential to contribute to Taiwan's climate targets, though more action is needed to establish carbon removal datasets, a study has found.
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LATAM Roundup: Ecuador, Bolivia open to carbon markets as business grows in Brazil

Carbon Pulse - Mon, 2024-09-23 18:00
Ecuador voted overwhelmingly to legalise carbon markets, Bolivia’s president prepared to accept – and centralise – carbon trading, and Brazil welcomed a slew of high-profile investments in the week ending Sep. 22.
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Safeguard Mechanism baselines likely to tighten in upcoming review, bank predicts

Carbon Pulse - Mon, 2024-09-23 17:28
The legislated review for Australia’s Safeguard Mechanism will likely see the scheme’s baselines tighten to meet more ambitious emissions reduction targets, which would ultimately be bullish for carbon credit prices, according to a bank’s analysis.
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Dutton says Coalition will release nuclear power plan costings 'at a time of our choosing' – video

The Guardian - Mon, 2024-09-23 16:31

The opposition leader, Peter Dutton, detailed the Coalition’s nuclear power plan in a speech in Sydney but did not announce its cost, saying it is coming 'in due course'. 'Our nuclear plan requires a significant upfront cost, and you can look at the international examples to see as much. But a whole new and vast transmission network and infrastructure won’t be needed under the plan that we’re putting forward,' Dutton said

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Hundreds of watchdog job cuts 'put nature at risk'

BBC - Mon, 2024-09-23 15:43
NRW, Wales' environmental watchdog, is making job cuts to plug a £13m gap in its budget.
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Electric car model breaks $31,000 Australian price barrier in EV sale

The Guardian - Mon, 2024-09-23 15:02

Price of electric cars falls again with the MG4 hatchback cheapest at $30,990 but experts warn high-end EV sales may stall

Electric vehicles have broken through another price barrier in Australia, with the cost of one new model reduced to less than $31,000 for the first time.

But industry experts say the fierce price battle is only playing out among cheaper and smaller electric cars, with Australian taxes reducing competition at the other end of the market.

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Chubb review in the spotlight as lead scientist calls CER’s interference “entirely inappropriate”

Carbon Pulse - Mon, 2024-09-23 14:45
The lead scientist in the government’s independent review of Australia's carbon market has described Clean Energy Regulator (CER) executives contacting scientists submitting feedback as “interference” and “entirely inappropriate”.
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