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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-12-11 22:20
European carbon prices strengthened on Wednesday morning as the market focused on the expiry of the December options contract shortly after midday, while weekly positioning data showed investment funds continued to add to their net long positions last week, amassing the biggest bullish bias in 20 months.
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Asia Pacific shipping sector faces 100 Mt/year CCS challenge, report finds

Carbon Pulse - Wed, 2024-12-11 21:30
Ships may have to transport some 100 million tonnes of CO2 annually between jurisdictions by mid-century, which will require huge advance efforts in terms of funding and other preparations, according to a report released Wednesday.
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Growth in SAF production ‘disappointingly slow’ -IATA

Carbon Pulse - Wed, 2024-12-11 21:28
The production of sustainable aviation fuel (SAF) is growing in volume, but at a very slow rate, industry association International Air Transport Organisation (IATA) said this week.
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CDR funding platform lands $5 mln from Salesforce

Carbon Pulse - Wed, 2024-12-11 20:08
A Stockholm-based climate funding platform has secured $5 million from US software giant Salesforce to scale early-stage carbon removal funding, the company announced on Wednesday.
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Malaysian carbon exchange expands offerings to include Gold Standard-certified credits

Carbon Pulse - Wed, 2024-12-11 19:16
The Bursa Carbon Exchange (BCX), subsidiary of Bursa Malaysia, has initiated trading of Gold Standard-certified voluntary carbon credits, it announced Wednesday.
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Queensland environment minister stands by ‘scepticism’ about human-induced climate change

The Guardian - Wed, 2024-12-11 18:31

Andrew Powell first said he was not ‘100% convinced’ 12 years ago while holding the portfolio during the Campbell Newman era

Queensland’s environment minister has told parliament he stands by his comments more than a decade ago that he was “a bit sceptical” about human involvement in climate change.

Andrew Powell returned to the environment, tourism, science and innovation portfolio last month, having held it under the former premier Campbell Newman in 2012.

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Humpback whale makes record journey of more than 13,000km from South America to Africa

The Guardian - Wed, 2024-12-11 18:05

Research done with the help of citizen science shows male humpback completed almost twice the typical migration distance

A humpback whale has journeyed more than 13,000km from South America to Africa, which researchers say is the longest distance ever recorded for an individual whale.

New research published in Royal Society Open Science recorded sightings of a male humpback whale, initially spotted near the coast of Colombia and recorded nearly a decade later near Zanzibar, Africa.

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I regret none of the climate policies we pushed in Ireland. But we underestimated the backlash | Eamon Ryan

The Guardian - Wed, 2024-12-11 17:00

From rural buses to solar panels, our Green agenda has been transformative. Yet, vested interests and big polluters helped to poison the well of public thinking

  • Eamon Ryan was Irish Green party leader from 2011 to 2024

Ireland’s Green party went into government in 2020 determined to bring Ireland from laggard to leader on the climate crisis. Public opinion was with us, and we won more than 7% of the national vote. This mandate allowed us to negotiate a coalition agreement with Ireland’s two large centrist parties that was recognised by European Green colleagues as one of the greenest deals they had seen.

Over the past four and a half years we worked flat out to implement that programme. I think most independent experts would say the impact has been transformational. Last year Ireland’s emissions fell 6.8%, despite having one of Europe’s fastest growing economies and record population growth. The Greens switched spending in favour of public transport, cycling and walking. We rolled out a new rural bus service every week, while cutting young people’s fares by 60%. Passenger numbers took off immediately and we are only at the start of the transformation. A pipeline of big new projects is coming through our planning system, ready to go.

Eamon Ryan served as the minister for the environment and transport in Ireland’s outgoing coalition government and was Green party leader from 2011 to 2024

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Imported foods found with residues of 48 pesticides not approved for UK use

The Guardian - Wed, 2024-12-11 16:00

Pesticide Action Network analysis of government testing data finds chemicals linked to cancer and harmful to bees

Imported food has been found to have residues of 48 pesticides that have not been approved for use by British farmers, including chemicals linked to cancer and imidacloprid, which is harmful to bees, analysis shows.

Pesticide Action Network (PAN) went through UK government testing data, comparing the results for pesticide tests on imported and domestically produced food. They found there were residues of 46 cancer-linked pesticides in imported produce, compared with 19 in food of UK origin.. Importers include the EU, Peru, Thailand, Turkey and the US.

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Britain leads the world in cracking down on climate activism, study finds

The Guardian - Wed, 2024-12-11 16:00

Research shows UK police arrest environmental and climate protesters at three times the average global rate

British police arrest environmental protesters at nearly three times the global average rate, research has found, revealing the country as a world leader in the legal crackdown on climate activism.

Only Australia arrested climate and environmental protesters at a higher rate than UK police. One in five Australian eco-protests led to arrests, compared with about 17% in the UK. The global average rate is 6.7%.

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INTERVIEW: Climate plan will force New Zealand to rely more on overseas carbon credits

Carbon Pulse - Wed, 2024-12-11 15:44
The New Zealand government’s second Emissions Reduction Plan (ERP) means it will have to rely more on overseas carbon credits to meet its 2030 Nationally Determined Contribution (NDC), according to Labour Party MP and spokesperson on climate change Megan Woods.
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California boosts free allowances to EDUs in 2025

Carbon Pulse - Wed, 2024-12-11 14:12
California’s electricity distribution utilities (EDUs) are the only major group receiving higher free allowances in 2025 compared to 2024 allocation in the WCI cap-and-trade programme, according to a notice from regulator ARB.
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Bullishness temporarily returning to EU carbon market amid allowance, gas supply squeezes -analysts

Carbon Pulse - Wed, 2024-12-11 12:27
European carbon prices are rising as renewed uncertainty over gas supplies and adverse weather conditions lift demand for allowances, analysts said, predicting that EUAs could climb into the mid-€70s within the next month as new supply flows are briefly halted.
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Seal colony thriving 'thanks to secluded site'

BBC - Wed, 2024-12-11 11:49
The National Trust hopes the colony will continue to grow and rival others along the coast.
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Canada’s Hempalta takes full ownership of carbon credit platform Hemp Carbon Standard

Carbon Pulse - Wed, 2024-12-11 10:12
A Canadian manufacturer of sustainable hemp products has bought the remaining 49.9% stake in a platform that creates and distributes carbon sequestration certificates to projects that use the material.
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Whale makes epic migration, astonishing scientists

BBC - Wed, 2024-12-11 10:02
A humpback whale makes one of the longest and most unusual migrations ever recorded, raising alarm.
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