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Producers go long, speculators short on CCA and RGGI positions

Carbon Pulse - Sat, 2022-07-16 07:29
Speculators saw their California Carbon Allowance (CCA) fall again this week following a short-lived rebound, while compliance entities’ positions roared back after an increasingly rare contraction last week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
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Slovakian aluminium plant announces production halt, lay-offs, placing some blame on high EU carbon prices

Carbon Pulse - Sat, 2022-07-16 07:13
Slovakia’s only aluminium plant is at risk of closure after this week announcing lay-offs and a halt to production, with company placing some blame on high carbon costs.
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*Specialist, Carbon Removal Stakeholder Platforms, South Pole – Europe (Flexible)

Carbon Pulse - Sat, 2022-07-16 06:21
*PREMIUM LISTING - The goal of the Specialist is to ensure the timely delivery of high-quality project management, stakeholder engagement, and analytical tasks as part of action platform mandates. The thematic focus is on multi-stakeholder action platforms focused on engineered carbon removal solutions and systems, as well as connecting technologies such as carbon capture storage or utilization. 
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The seas are rising on Pacific islands nations – but so is their powerful resistance | Ellen Fanning

The Guardian - Sat, 2022-07-16 06:00

As the climate crisis threatens their existence, an assertive new collective are using their leverage as a flashpoint in geopolitical tensions

Let’s face it, Australia has been an awfully bad neighbour in the Pacific for some while now.

Not a shouting-at-the-people-next-door, finger-pointing, vengeful kind of neighbour. Rather the sort that blithely parties all night, heedless of the family next door knocking insistently on the door at all hours, trying to make themselves heard over the loud music and laughter inside.

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Gas giant Chevron falls further behind on carbon capture targets for Gorgon gasfield

The Guardian - Sat, 2022-07-16 06:00

While scale of shortfall is uncertain, conservationists claim admission is proof the project isn’t working

Gas giant Chevron has fallen even further behind on targets to capture and store CO2 at its mega gas project in Western Australian, but has refused to say by how much.

The company also confirmed on Friday it had bought and surrendered 5.23m tonnes of CO2 offsets to make up for the failure to meet its 2021 target at its CCS project at the offshore Gorgon gasfield in Western Australia.

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The Guardian view on July weather: here comes the dangerously hot sun | Editorial

The Guardian - Sat, 2022-07-16 03:30

Reports of record-breaking heat are made more alarming by the possibility of a prime minister who wants to weaken climate goals

There is no point denying that in the UK many people enjoy themselves when the weather is unusually warm, even as many others feel uncomfortable and in some cases unsafe, due both to the heat itself and what it signals about global heating. Spells of hot weather make sun-lovers feel they have been transplanted to the Mediterranean – where many of us take our holidays. Even now, record-breaking temperatures are still sometimes welcomed, rather than feared as a harbinger of more extreme dangers ahead.

That said, few will welcome the Met Office issuing its first ever “red warning” for exceptional heat on Monday and Tuesday – with unprecedented temperatures of 40C forecast in London and the Midlands, and as far north as Manchester and York. This represents a danger to life, with the risk of illness not limited to vulnerable people. The message is to keep hydrated and to find shade where possible. There are warnings of travel chaos and mobile phone blackouts. Not all parts of the UK are similarly affected; the top temperature in Aberdeen is forecast to be 21C. But there is a real prospect that the all-time high of 38.7C, set in Cambridge in 2019, could be broken.

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Pennsylvania GOP asks court to reinstate RGGI regulation block amid appeal

Carbon Pulse - Sat, 2022-07-16 02:26
Pennsylvania Republican legislators requested that a judge restore the preliminary injunction granted last week against the state’s RGGI-linked cap-and-trade regulation on Thursday, after an appeal of that ruling by Governor Tom Wolf’s (D) administration automatically lifted the ban.
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George Monbiot wins Orwell prize for journalism

The Guardian - Sat, 2022-07-16 00:58

Author recognised for his decades-long commitment to neglected environmental issues

The “elegant, urgent writing” of George Monbiot has seen the author, environmentalist and Guardian columnist win the prestigious Orwell prize for journalism.

The prize is awarded for commentary or reporting that comes closest to meeting the ambition of George Orwell, the novelist, essayist, journalist and critic, to “make political writing into an art”.

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PREVIEW: UN in race to re-establish grip on global carbon market

Carbon Pulse - Sat, 2022-07-16 00:33
Officials meet later this month to craft a new UN carbon crediting mechanism, facing a race against time to attract capital and attention amid a fast-growing voluntary market while not repeating past mistakes.
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Room at the top: woman races to help swifts blocked from Sheffield roofs

The Guardian - Fri, 2022-07-15 23:00

Band of volunteers now assist surveying homes so that re-roofing and scaffolding does not disrupt beloved birds’ nesting

When Chet Cunago heard that scaffolding was blocking swifts from entering their ancestral nests in the eaves of homes in Sheffield, she raced into action.

After frantic calls to the council, charities and fellow nature lovers, she got the scaffold boards removed and assembled a volunteer group to search for overlooked swift nests in all the council houses scheduled for renovation in Handsworth.

Erect a swift box, which costs £30–£100 depending on size. Local swift groups can help advise on installation or roofers and aerial installers can help. South-facing eaves are often too hot for the nests.

Site-faithful swifts are notoriously difficult to attract to new nest boxes but playing swift calls from an adjacent window can work. Swift Conservation sells automatic MP3 players with swift calls for £22. And even if the box isn’t adopted by swifts, it will certainly be used by other birds.

Drilling holes into plastic soffits and adding dividers inside is a cheap and unobtrusive way to make a modern house swift-friendly. Add swift bricks (£25) to any new extensions.

Join a local swift group and help survey nest sites – there will almost certainly be a swift group in your nearest city or town. When more swift nest sites are known about, they can be protected.

Join campaigns for swift bricks to be fitted in every new home. Alert developers, councils, housing associations and architects to the issue.

Grounded swifts can usually get airborne again, so if you find a grounded swift it may be immature (it can only fly if its wings are at least 16cm long) or ill. Put it in a warm box, give it water by running a wetted cotton bud around the edge of its beak, avoiding the nostrils, and call a local swift rescuer. A full list of swift rescuers can be found here.

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The week in wildlife – in pictures

The Guardian - Fri, 2022-07-15 22:57

The best of this week’s wildlife pictures, including killer whales hunting a seal off Shetland and endangered mountain bongos in Kenya

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2022-07-15 21:18
EUAs edged higher in thin trading on Friday morning as many participants were again largely on the sidelines, while energy markets retreated as European regulators urged more demand-reducing measures to conserve gas supplies ahead of winter.
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China’s thermal power generation falls in June despite overall uptick in power demand, as GDP misses forecast

Carbon Pulse - Fri, 2022-07-15 20:12
China saw its domestic thermal power generation decline last month, while its gross domestic product (GDP) growth stalled in the April to June quarter.
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UN urged to move Cop27 from Egypt over ‘LGBTQ+ torture’

The Guardian - Fri, 2022-07-15 20:00

US adviser to the White House and partner call on UN to move climate crisis summit over fears they would be targeted

A White House adviser and his partner have called on the United Nations to move a key climate change summit from Egypt due to the country’s treatment of LGBTQ people, citing fears that they and other activists would be targeted by security forces if they attend the talks.

The couple, Jerome Foster and Elijah Mckenzie-Jackson, have written to Patricia Espinosa, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), to condemn the choice of Egypt as host of the Cop27 talks due to its “LGBTQ+ torture, woman slaughter and civil rights suppression” and that the decision “places our life in danger in the process of advocating for the life of our planet”.

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Indigenous Carbon Industry Network founder dies

Carbon Pulse - Fri, 2022-07-15 19:33
The director and founding member of the Indigenous Carbon Industry Network Steering Committee, W Rioli, has died.
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Mitsui subsidiary launches Japan’s first marketplace for international offsets

Carbon Pulse - Fri, 2022-07-15 18:53
A Mitsui subsidiary has launched the first Japanese online marketplace for buying international voluntary offsets, with credits sourced from a California-based carbon removals platform.
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CN Markets: Low prices and volume as participants sit on the fence

Carbon Pulse - Fri, 2022-07-15 17:47
Both price and volume dropped in China's carbon market over the past week, though regulators sparked some hope with traders that the ETS might be strengthened this year after revealing plans to legislate the market trading regulations.
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Australian-backed blue carbon fund seeks new proposals

Carbon Pulse - Fri, 2022-07-15 16:34
An Australian-led fund has put the call out for proposals aiming to support blue carbon ecosystem restoration and conservation projects in the Indo-Pacific.
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Things we lost in the flood: a family washed away – in pictures

The Guardian - Fri, 2022-07-15 16:00

In July 2021, Germany experienced devastating floods. At least 184 people died and the damage was immense. Photographer Gideon Mendel’s Drowning World project documented the aftermath. A year later, Watermarks shows the damaged, alienated family photos of Gisela Pietsch-Marx, who lost practically everything

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Chevron to purchase additional offsets to make up for Gorgon CCS shortfall

Carbon Pulse - Fri, 2022-07-15 15:34
Chevron will have to continue to invest in carbon credits after its Gorgon LNG CCS facility in Western Australia has continued to fall short of its CO2 injection targets.
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