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Labour’s energy advisers warn against watering down £28bn green investment

The Guardian - Fri, 2024-01-05 16:00

Climate thinktank says Britain could be left trailing in global race to develop low-carbon energy

Labour’s independent energy advisers have warned the party against watering down its £28bn green spending plans in advance of its promise to create a zero carbon electricity system by 2030.

Experts at the climate thinktank Ember, which provided the independent analysis underpinning Labour’s green targets, said growing international competition for low-carbon investment from the US and EU could leave the UK lagging in the global race for low-carbon energy.

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Electric car sales in UK flatline, prompting calls for VAT cut

The Guardian - Fri, 2024-01-05 16:00

Stalled growth in electric vehicles comes despite government goal to phase out petrol, diesel and hybrid vehicles by 2035

The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales.

Annual figures released by the Society of Motor Manufacturers and Traders (SMMT) on Friday show 1.9m new cars were registered last year, well up on the previous year’s figure of 1.6m and the highest level since the 2.3m registrations of 2019.

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Firm awarded $24 mln by USAID to conduct conservation, blue carbon initiatives in Cambodia

Carbon Pulse - Fri, 2024-01-05 15:37
A US-based consulting and engineering services company has been awarded $24 million by the US Agency for International Development (USAID) to preserve biodiversity and natural resources, and promote blue carbon initiatives in Cambodia, it announced Thursday.
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I used to hunt for the perfect magazine at my gran’s as a child – and the joy of rescuing rubbish has never left me | Nova Weetman

The Guardian - Fri, 2024-01-05 11:41

The only problem with being a refuse hunter is that once you start, it’s hard to stop – you could find a unicorn

When I was a child, the highlight of visiting my grandmother was being allowed to take her rubbish to the communal refuse room. The room had a chute that you could drop tied bags of household rubbish into, and they would travel down to a furnace somewhere.

My brother and I took it in turns to push the bag in, leaning over to try and watch it travel the length of the silver chute. Sometimes we’d try and pretend we could see the flames as the bag hit the furnace.

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CP Daily: Thursday January 4, 2023

Carbon Pulse - Fri, 2024-01-05 11:21
A daily summary of our news plus bite-sized updates from around the world.
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Biggest male funnel-web spider dubbed ‘Hercules’ found north of Sydney

The Guardian - Fri, 2024-01-05 10:52

Spider measuring record 7.9cm across is almost as big as largest female collected in 2021, which was named Megaspider by Australian Reptile Park

With fangs that could pierce a human fingernail, the largest male specimen of the world’s most venomous arachnid has found a new home at the Australian Reptile Park where it will help save lives after a member of the public discovered it by chance.

The potentially deadly Sydney funnel-web spider dubbed “Hercules” was found on the Central Coast, about 80km north of Sydney, and was initially given to a local hospital, the Australian Reptile Park said in a statement.

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Washington releases Q1 auction volumes, reveals 2023 revenue from first year of cap-and-invest

Carbon Pulse - Fri, 2024-01-05 10:30
Washington's Department of Ecology (ECY) presented the volume of current vintage allowances on offer for its first of the four quarterly Washington Carbon Allowances (WCA) auctions of the year, and also published revenue generated following the completion of the first year of the state's cap-and-trade scheme.
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WCI Markets: CCAs rally late in week, WCA sluggishness persists post holidays

Carbon Pulse - Fri, 2024-01-05 10:16
California Carbon Allowances (CCAs) plateaued and dipped early during the week following the holiday season before rallying late to near-record highs, while Washington Carbon Allowances (WCAs) declined slightly as the market continues to largely languish in stagnation, market participants told Carbon Pulse.
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Canadian carbon credit financier to engage with 29 US municipalities on decarbonisation projects

Carbon Pulse - Fri, 2024-01-05 10:16
A Vancouver-based carbon offset developer announced an agreement on Thursday with a US non-profit to assist municipalities in decarbonisation efforts while generating carbon credits in the process.
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Manager, Climate Aligned Industries, Carbon Dioxide Removal, RMI – US (Remote)

Carbon Pulse - Fri, 2024-01-05 09:53
RMI is seeking a Manager to support our Carbon Dioxide Removal initiative. The Carbon Dioxide Removal (CDR) Initiative is focused on supporting the responsible and effective testing, development, and deployment of CDR techniques, through thought and action.
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Canadian offset financier prunes board in ongoing cost cuts

Carbon Pulse - Fri, 2024-01-05 08:50
A Toronto-based voluntary carbon credit firm announced Thursday the reduction in the size of its Board of Directors as part of the firm’s cost cutting efforts.
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Washington extends date of third emergency rulemaking on carbon market allowance reserve auctions

Carbon Pulse - Fri, 2024-01-05 08:21
The Washington Department of Ecology (ECY) announced Thursday that it was rolling forward its emergency rulemaking on the state’s Allowance Price Containment Reserve (APCR) sales ahead of the first auction notice for the year.
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US DOE offers $2.5 bln carbon management funding opportunities

Carbon Pulse - Fri, 2024-01-05 07:58
The US Department of Energy (DOE) Office of Fossil Energy and Carbon Management (FECM) on Thursday released closing dates on available funding for carbon projects, with deadlines as early as Friday.
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*Director, Market Strategy & Engagement, Native – US (Remote)

Carbon Pulse - Fri, 2024-01-05 07:32
*PREMIUM LISTING – Native, a PBC is seeking a Director focused on Market Strategy and Client Engagement. This position is a dynamic, exciting opportunity to significantly shape the trajectory of a market leading organization, and the success and sustainability of global climate actions through carbon projects.
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Become a beach scientist this summer and help monitor changing coastlines

The Conversation - Fri, 2024-01-05 06:01
With smartphones as commonplace as towels and sunscreen in the beach bag, why not add coastal data collection to your list of holiday activities this summer? Look for the CoastSnap camera cradles. Mitchell Harley, Scientia Senior Lecturer, UNSW Sydney Fred Chaaya, Project Engineer, UNSW Water Research Laboratory Licensed as Creative Commons – attribution, no derivatives.
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German nEHS, EU ETS carbon permit sales hit record €18 bln in 2023

Carbon Pulse - Fri, 2024-01-05 05:07
The German government offloaded a record 358 mln emissions certificates in 2023 under the country's domestic CO2 tax scheme for transportation and heating sectors (nEHS), helping it raise an eye-watering €18 billion from carbon permit sales.
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EU stakeholders divided over updated ETS free allocation rules

Carbon Pulse - Fri, 2024-01-05 03:05
Stakeholders have mixed views about EU plans to make the bloc's dirtiest factories pay for more of their CO2 output by curbing their free allocation under the ETS, consultation responses showed on Thursday.
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French asset manager moves to exclude pesticide manufacturers

Carbon Pulse - Fri, 2024-01-05 02:51
Paris-headquartered Ofi Invest Asset Management has announced it will exclude companies that produce pesticides, as part of its biocides and hazardous chemicals policy.
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Exchange-traded funds cut EUA holdings to lowest in 30 months amid price decline

Carbon Pulse - Fri, 2024-01-05 02:25
Exchange-traded funds have cut their EUA positions to the lowest in nearly two and a half years after a six-month decline in allowance prices that has seen the benchmark front-December futures contract drop by more than 31%.
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German emissions fall to lowest level in 70 years on weak industrial output and coal demand slump -report

Carbon Pulse - Fri, 2024-01-05 02:19
Germany’s GHG emissions fell to their lowest level in 70 years in 2023, driven by an unexpectedly sharp decline in coal use and a significant drop in output from energy-intensive industries, according to a German think tank, pointing to a bearish outlook ahead for EUAs if this trend continues in 2024.
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